Data Center Infrastructure Management Market size worth over $5bn by 2026
Published Date: December 24, 2020 Authors: Preeti Wadhwani, Saloni Gankar
Data Center Infrastructure Management (DCIM) Market size is set to surpass USD 5 billion by 2026, according to a new research report by Global Market Insights, Inc.
The rise in the number of cloud data centers globally, will boost the market growth for high-quality DCIM solutions. Cloud DCIM software ensures scalability and secure visibility to monitor data centers and IT locations. As data center operators adopt advanced techniques to ensure efficient asset management, the market will witness high growth.
Installation & integration services enable the seamless implementation of different assets in data center facilities
DCIM services are projected to observe 21% growth rate till 2026 due to the high market demand for DCIM installation & integration services that enable the efficient deployment and set up of different components of data centers. As business expands, their IT requirements increase, resulting in growing complexity of data centers. This stresses the need for efficient services that include equipment installation along with project management services offered for security, shipping, and logistics. Integration service providers offer tailored solutions to customers to enable custom assembly and upgrades to existing infrastructures.
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Colocation providers employ advanced technologies to ensure customer satisfaction is expected to drive the DCIM market revenue
The expanding colocation industry globally, will propel the market expansion for DCIM software solutions that enable authorities to ensure maximum productivity from existing data centers. SMEs prefer colocation services over constructing their own data centers owing to space and monetary constraints. Colocation service providers are expanding their market reach to cater to the growing industry demand from small & medium-sized businesses.
Browse key industry insights spread across 355 pages with 347 market data tables and 37 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), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
The industrial sector incorporating advanced digital technologies in the Middle East & Africa will offer growth opportunities to the data center infrastructure management market
Government organizations in the region are focusing on fueling the industrial sector to ensure overall economic development. Under the Dubai Industrial Strategy 2030, the UAE government has identified 75 initiatives to transform the country into an industrial hub for sustainable manufacturing activities. The expanding industrial sector employing advanced digital technologies, such as IoT and AI, will augment the demand for data centers for effective data management. This will, in turn, propel the market share for DCIM solutions and services.
Launching new innovative solutions is the key strategy adopted by market players offering DCIM solutions
The industry leader operating in the DCIM market are focusing on launching advanced software platforms to facilitate the smooth deployment and functioning of data center resources. For instance, in October 2020, Nlyte Software Ltd., a prominent market player launched Nlyte 11.5 to enable organizations to manage their computing infrastructure, from data centers to edge environments and public clouds, using an integrated system. Offering a single solution across the entire infrastructure provides organizations increased cost efficiencies, enhanced transparency, and improved uptime.
Major companies include Delta Electronics Inc., ABB Ltd., Cisco Systems Inc., Hewlett Packard Enterprise, IBM Corporation, Modius Inc., Schneider Electric, Siemens AG, Panduit Corporation, Commscope Inc., Dell Inc., Rittal GmbH & Co. Kg, Raritan Inc., Vertiv Group Co., and Stulz GmbH.