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Data Center Infrastructure Management (DCIM) Market Analysis
- Report ID: GMI2496
- Published Date: Feb 2023
- Report Format: PDF
Data Center Infrastructure Management Market Analysis
Data center infrastructure management market value from the IT & telecom applications is poised to depict a 25% CAGR through 2032, on account of the rapid expansion of broadband and internet services. For instance, in May 2022, the U.S. government announced the ‘Internet for All’ initiative worth USD 45 billion to ensure affordable broadband access by 2029. These factors, alongside the favorable regulatory environment and evolving subscriber consumption patterns, will proliferate the usage of data center infrastructure management tools for IT and telecom applications.
Based on the component, solution segment held over 65% of the data center infrastructure management (DCIM) market share in 2022. This is due to the extensive adoption of artificial intelligence, the Internet of Things, and other compute-intensive technologies. According to data from Eurostat, in 2021, 29% of EU enterprises adopted IoT devices, mainly to ensure the security of their premises. Such factors will amplify demand for high-performance network management solutions and in turn, boost the reliance on DCIM solutions.
DCIM market size from asset management solution segment will surpass USD 7 billion by 2032, given the escalating use of data processing center frames. These solutions can aid in organizing and securely consolidating diverse networking equipment. With the mounting demand for storage space and computing power, the utilization of server racks has also increased, to achieve high equipment density. These factors will augment the requirement for integrated data center management solutions including automated asset management software.
North America data center infrastructure management (DCIM) market was valued at over USD 1 billion in 2022, as a result of the strong presence of data centers and vendors. In April 2022, Google unveiled a USD 750 million data center facility in Nebraska, U.S. This expansion of data center networks is due to the emergence of cloud computing platforms. Furthermore, the escalating investment in hyperscale data centers will add impetus to the regional industry expansion over the forecast period.
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Data Center Infrastructure Management Market Scope
