Data Center Infrastructure Management Market Size, Growth Opportunities, Trends by Manufacturers, Regions, Application & Forecast to 2024
MarketStudyReport.com Adds New Data Center Infrastructure Management Market 2018 – 2024 research report providing information and data By Component, By End-Use, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 250 Pages with table and figures in it.
Data Center Infrastructure Management Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 20% CAGR to 2024.
DCIM Market is projected to reach a revenue of over USD 3 billion in 2024. The increase in data center construction activities is anticipated to heavily impact the industry during the forecast timeframe. There is a substantial increase in the organizational data and virtualization of information as companies are becoming more customer-centric. Organizations, primarily in the BFSI, IT, and the telecom sectors, store large amounts of customer data pertaining to financial and personal information. For instance, in July 2017, Axtel announced that it had finished the construction of USD 25 million data center in Mexico. The presence of such activities mandates the need for management applications for parameters, such as power usage, network monitoring, and security, contributing toward a high demand for DCIM market.
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The segmentation by DCIM market indicates that the solutions segment is anticipated to witness a higher growth as compared to the services segment. The rising movement toward cloud solutions and the increase in the construction of new data centers are anticipated to drive the demand for the network management solution segment. Data centers contain a large number of physical and virtual network-based devices, which are interconnected and require devoted applications to ensure that they are working efficiently. These technologies ensure that all resources are utilized and can mitigate human errors and reduce downtime, providing substantial savings to an organization and driving the growth of the DCIM market.
The IT & Telecom segment is the largest consumer of the DCIM market. IT players, such as Google and Facebook, manage large amounts of consumer data and have data centers situated across the world. These solutions and services allow the organizations to exercise better control over their virtual and physical assets and focus on the reduction of operational costs by maximizing the output from the allocated resources.
The increase in industrial and outsourcing activities in the South-East Asian regions is contributing to the strong projected growth of the DCIM market owing to the presence of low-cost resources such as skilled labor, electricity, and space. Additionally, countries including Hong Kong and India are investing heavily in the improvement of their broadband infrastructure. The Indian government; for instance, has launched plans to increase the connectivity in rural locations and improve broadband speeds. The U.S. and the UK are highly focused on reducing an organization’s carbon and particulate matter emissions contributing to the adoption of technologies such as green data centers and efficient cooling solutions, driving the growth of the DCIM market.
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The DCIM market players comprise ABB Ltd., Dell, Inc., IBM Corporation, Modius, Inc., NTT DATA, Panduit Corporation, Siemens AG, Cisco Systems, Inc., Nlyte, and Vertiv Co. The industry is majorly influenced by technological trends and advancements and a noticeable trend owing to this among companies is heavy investments in R&D activities and acquisitions to sustain long-term growth. For instance, in March 2017, Nlyte announced that it had introduced a hosting service for its cloud-based DCIM software, providing its customers with a choice pertaining to how to purchase, configure, and manage their installation of Nlyte 8, thereby strengthening their position in the DCIM market.
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Global Data Center Infrastructure Management (DCIM) System Market Size, Status and Forecast 2025
This report studies the global Data Center Infrastructure Management (DCIM) System market, analyzes and researches the Data Center Infrastructure Management (DCIM) System development status and forecast in United States, EU, Japan, China, India and Southeast Asia.
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