Data Center Infrastructure Management (DCIM) Market size is anticipated to cross USD 10 billion by 2030, according to new research study by Global Market Insights Inc.
The report cites the integration of big data analytics business across their marketing and supply chain management activities as a crucial driver for DCIM market growth. Big data analytics is being increasingly used in manufacturing, production, distribution, and delivery processes, thereby reshaping the industrial sectors. Organizations are heavily relying on data management systems with increasing organizational data traffic, fostering the adoption of data centers and consequently amplifying demand for these solutions.
Increasing deployment of data centers in India
Data center infrastructure management market in India has recently witnessed a significant rise in the establishment of these facilities due to increased industrialization and digitization, boosting industry demand. Furthermore, supportive administrative efforts and reforms such as Digital India are enhancing the quality of digital technologies and broadband infrastructure in multiple industrial buisnesses, expediting the deployment of data center facilities.
Growing IT infrastructure demand to bolster DCIM service operation
The service segment held 30% of DCIM market share in 2021. These services include deployment & integration, consulting, and managed services. Consulting services allow major organizations to effectively install DCIM solutions as per tailored requirements. Growth in businesses also increases their IT demands, thereby escalating the requirement for large-scale IT infrastructures. This will increase the need for consulting as well as managed services to ensure maximized asset operations, and in turn, strengthen the business outlook.
Growing digitization in the BFSI sector
The BFSI segment is anticipated to reach more than USD 3 billion by 2030. The increasing adoption of digitization around the banking and financial industry will fuel the demand for high-quality data infrastructures for the effective management of data traffic. With the growing usage of digital payment solutions, there has been a substantial rise in the demand for effective data management services to store the growing volumes of digital data. The vertical is heavily investing in the advancement of data center infrastructure to keep up with the competition. Additionally, the market is focusing on cloud-based solutions due to the flexibility and cost-effectiveness offered.
Browse key industry insights spread across 450 pages with 347 market data tables and 31 figures & charts from the report “Data Center Infrastructure Management (DCIM) Market Demand 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, 2022 – 2030” in detail along with the table of contents
Strong presence of prominent IT tech leaders North America
The data center infrastructure management market in North America recorded more than USD 940 million in 2021. Growing expansion of advanced IT infrastructure will propel the regional demand. Furthermore, the strong presence of technology leaders such as IBM Corporation and Microsoft Corporation, that are implementing data infrastructures to optimize productivity will further augment industry dynamics. Tech providers operating large-scale data centers are demanding power and cooling services that ensure minimal consumption of energy and maximum efficiency. This will bolster the demand for top-quality DCIM solutions and services throughout the region.
Growing focus on mitigating the energy usage of data centers to garner industry growth
Schneider Electric SE, Vertiv Group Co., ABB Ltd. CommScope Inc, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd, Sunbird Group, and Cisco Systems Inc are some of the key players operating in the DCIM market. The growing focus of these entities on curbing the energy usage of data centers worldwide will emerge as a critical factor driving data center infrastructure management market expansion.
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