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Data Center Infrastructure Management Market size crossed USD 2 billion in 2022 and is set to exhibit over 20% CAGR from 2023-2032, on account of the rise in cloud service offerings and data generation.
Rapid improvement in information processing, data transmission, and storage capacity is facilitating cloud infrastructure growth. This rising demand for public cloud offerings due to increased data generation has, in turn, spurred the development of industrial-scale data center infrastructure. Businesses are also shifting their investment focus from traditional IT infrastructure solutions to the cloud, given the rapid digitalization and internet penetration.
Improved online service delivery and business automation to optimize operations will also result in high data generation and in consequence, create lucrative growth prospects for DCIM software development. However, the rate of public data breaches has surged, affecting the performance, security, and availability of applications supported by data centers. The growing data security risks associated with digital transformation may therefore restrict DCIM industry expansion to some extent.
Report Attribute | Details |
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Base Year: | 2022 |
Data Center Infrastructure Management Market Size in 2022: | USD 2 billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 20% |
2032 Value Projection: | USD 20 billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 293 |
Tables, Charts & Figures: | 378 |
Segments covered: | Component, Application, and Region |
Growth Drivers: | |
Pitfalls & Challenges: |