The global Data Center Infrastructure Management (DCIM) Market accrued earnings worth approximately 9.1 (USD Billion) in 2021 and is predicted to gain revenue of about 24.7 (USD Billion) by 2028, is set to record a CAGR of nearly 15.2% over the period from 2022 to 2028. The study provides assessment and analysis of the Data Center Infrastructure Management (DCIM) Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).
Data center infrastructure management software monitors, measures, manages, and controls data center resources & power consumption of both IT-related device & facilities infrastructure components. They are data-center specific and utilized for optimizing data center power, cooling, and physical space. Effective managing of data center resources has become necessary as data center capacity is expanding rapidly and consuming large proportion of financial funds along with contributing towards GHG emissions in atmosphere. With rise in costs of data centers, it has become necessary for managers to curb inefficiencies and check increasing costs.
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This has resulted in massive demand for effective data center infrastructure management activities in recent years. Apart from this, demand for data center capacity is set to expand at rate of over 10.1% in next few years with swift automation of business processes, complex analytics, and surge in consumer data. Moreover, any inefficiency in managing data centers can result in huge losses and impact profitability of business, thereby resulting in need for strong & effective data center infrastructure management.
Additionally, data centers offer firms competitive edge and are underpin to success in corporate world. Proficient data center infrastructure management activities can impel efficiency, utility, and availing of data center resources & solutions. Increase in people, processes, and technology combined with effective data center infrastructure management strategies will drive growth of IT sector and contribute significantly towards data center infrastructure management market size. Gap analysis has proved that there is a greater & urgent need for effective data center infrastructure management activities for improving performance of people, process, and technology in companies, and this is projected to bring a paradigm shift in data center infrastructure management (DCIM) market.
Industry players use strategic acquisitions and collaborations as a significant strategy
Key Data Center Infrastructure Management (DCIM) market participants include ABB Limited, Cisco Systems Inc., IBM Corporation, Schneider Electric SE, Stulz GmbH, Delta Electronics Inc., Panduit Corporation, Siemens AG, Dell Inc., Hewlett Packard Enterprise, and Vertiv Group Co.
Participants in DCIM business are keen on introducing new software tools. Citing an instance, in November 2021, Siemens AG launched open industrial edge new ecosystem IT tool. Moreover, it facilitates easy installation of IT systems & apps in manufacturing domain, thereby facilitating B2B end-users in buying & operating large number of software components available within a singular tool.
Furthermore, in October 2021, Sunbird software introduced new dcTrack solution enabling clients to effectively handle data centers, edge sites, and labs from off-sites or remote locations.
This market research study on Data Center Infrastructure Management (DCIM) covers the industry in full, with revenue estimates and forecasts in USD for the following segments from 2023 to 2030:
Market, By Type
● Cloud & Edge Data Center
● Colocation Data Center
● Managed Data Center
● Enterprise Data Center
Market, By Application
● Business Intelligence & Analytics
● Power Monitoring
● Capacity Planning
● Asset Management
● Environment Monitoring
Asia Pacific Data Center Infrastructure Management (DCIM) Market To Register Highest CAGR Over 2022-2028
Growth of data center infrastructure management (DCIM) industry in Asia Pacific over next six years can be due to rise in use of machine learning and IoT in public & private firms across countries such as Japan, South Korea, Taiwan, Singapore, Japan, and China. For the record, in its 2020 budget, South Korean Government allocated nearly US$ 3.91 billion for AI and 5G.
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