Data Center Infrastructure Management (DCIM) Market size is anticipated to reach USD 20 billion by 2032, according to a recent research report announced by Global Market Insights Inc.
The report reveals that the growing construction of hyper-scale data centers to cater to underserved markets is a prominent reason behind the escalating DCIM software development. Rapid advancements in artificial intelligence and other technologies have been driving data center progress. Due to concerns regarding the high capital investment, businesses have also shifted their interest toward data center collocation services. Furthermore, the continued rise of edge computing and high-capacity networks will drive the demand for integrated data center management tools and in turn, complement the industry outlook over the forecast period.
Growing cases of cyberattacks & data leaks to boost acceptance of DCIM services
Data center infrastructure management (DCIM) market share from the service component segment is poised to depict over 20% CAGR through 2032. This growth is driven by the increasing reliance on data centers for continuous professional and managed service delivery and the strong demand for large IT infrastructures. The world has also witnessed an alarming increase in the rate of cyberattacks and data leaks in recent years. The report claims that these factors will further stimulate the adoption of replication and DCIM services to ensure data security.
Rapid banking digitalization to augment use of data center infrastructure management tools
In terms of the end-use, the DCIM market value from the BFSI segment exceeded USD 6 billion by 2032, given the mounting generation of digital banking data. The COVID-19 outbreak has prompted wider consumer adoption of digital banking, thereby encouraging financial institutions to accelerate their digital transformation strategies. Apart from the rising popularity of digital payment methods, the extensive use of blockchain technology in the financial sector will also drive the development of data center infrastructure management (DCIM) systems for BFSI applications.
Browse key industry insights spread across 293 pages with 345 market data tables and 34 figures & charts from the report “Data Center Infrastructure Management (DCIM) Market Size By Component (Solution [Asset Management, Network Management, Cooling Management, Power Management, Security Management], Service [Installation & Integration, Managed, Consulting]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
Increasing internet penetration & OTT platform usage will spur integration of DCIM systems in APAC
Asia Pacific accounted for a 20% share of the global data center infrastructure management (DCIM) market in 2022, considering the high deployment of IoT and AI technologies and rapid digitalization. As per the Internet and Mobile Association of India’s report, close to 346 million people are engaged in e-commerce, digital payments, and online transactions across the country. With the growing internet penetration, the construction of large-scale data centers is also set to rise. Additionally, the expanding network of OTT platforms including YouTube will proliferate the usage of DCIM tools for effective data management.
Mergers & acquisitions by key players to influence the industry landscape
Vision Solutions, Vertiv Co., ABB Ltd., Sunbird Software Inc., Cisco Systems Inc., Siemens AG, Commscope Holding Company Inc., Schneider Electric SE, Cormant Inc., Panduit Corporation, Dell Inc., Modius Inc., Infosys Ltd., Delta Electronics Inc., IBM Corporation, Hewlett Packard Enterprise Company, and Huawei Technologies Co. Ltd., are some of the key players profiled in the report. These companies are incorporating strategies including mergers and acquisitions to strengthen their presence in the data center infrastructure management (DCIM) market.
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