Data Center Infrastructure Management Market Size worth $4.5bn by 2026

(DCIM) Data Center Infrastructure Management Market size is predicted to surpass USD 4.5 billion by 2026; according to a new research report by Global Market Insights, Inc.
 

The growing adoption of smartphones, social media, and online gaming is resulting in the increasing demand for the construction of data centers globally. The rise in the number of internet users in emerging economies will facilitate the need for more storage equipment in data centers, which require efficient monitoring and management, propelling the DCIM market growth. Industries including BFSI, healthcare, and IT & telecom are highly adopting these solutions as they aid them in storing real-time information of equipment, which increases efficiency, reduces costs, and maintains the availability. Moreover, the rising demand for improving power and cooling efficiencies in data centers is another factor driving the market demand.

 

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Favorable government initiatives for the development of green data center facilities

The adoption of green data centers and increased focus on enhancing data center energy efficiency are expected to drive the market growth in coming years. Favorable government regulations are encouraging organizations to embrace the use of renewable energy resources to increase efficiency and lower cost. The integration of DCIM solutions with green data centers enhances the modeling & real-time monitoring capabilities and automates the effects of a proposed change to a data center. For instance, Rackwise’s Data Center Infrastructure Efficiency (DCiE) for green data centers provides unlimited and unrestricted monitoring of power, current, temperature, and other elements. The growing awareness and demand for green data centers will increase the demand for these solutions to efficiently manage server space. Moreover, rising technology advancements, such as virtualization and cloud computing, are increasing green energy efficiency initiatives.
 

Browse key industry insights spread across 250 pages with 277 market data tables and 31 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, 2019 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-infrastructure-management-market
 

Rising demand for DCIM solutions for monitoring energy and power consumption of components and enhancing the efficiency of data centers

Power management solutions in the data center infrastructure management market will hold a high market share owing to the increasing demand for reducing energy consumptions in data centers. These solutions include energy control and power monitoring solutions, which ensure the exact usage of energy resources. Businesses and vendors in the market are adopting solutions for reducing energy consumption and emission of CO2 in data centers. For instance, Sunbird Software, Inc. is offering power IQ DCIM software integrated with PX intelligent Rack PDUs for providing energy consumption by individual servers, which is enhancing the efficiency of data centers, driving the market demand over the forecast timespan. Moreover, stringent government regulations to reduce energy consumption are encouraging companies to implement energy-efficient technologies.
 

Growth in organizational and consumer data is increasing demand from the IT & telecom application segment

Rising digitalization and penetration of big data, IoT, and AI technologies are dominating the adoption of DCIM solutions in IT & telecom applications. The increasing adoption of these technologies is resulting in the construction of hyperscale data centers, which requires large management and monitoring of complex infrastructure and components. Increasing smartphone penetration and consumers’ demand for information and financial data security will propel the DCIM market demand. The data center infrastructure management industry is witnessing high adoption of solutions to maintain high efficiency and cost-effectiveness. Several government initiatives for improving infrastructure in developed economies are resulting in high demand for the market. For instance, the Indian Government initiative of Start-up India Stand Up India and Digital India campaign is supporting the growth in IT infrastructure, augmenting the demand for better infrastructure in the country.
 

Increase in construction of mega data centers and government initiatives for digitalization driving the Asia Pacific market share

The Asia Pacific data center infrastructure management market will expand at CAGR of 23% over the forecast period owing to the growing adoption of smartphones and growth in the consumer electronics industry sector. SMBs are expanding their presence by establishing a number of data centers primarily in China and India, fueling the DCIM industry growth. The rise in outsourcing activities and industrialization in the region is contributing to consumer and organization data generation. Moreover, government initiatives for digitization are leading to an increase in the number of internet users in countries including China, India, Japan, and Indonesia, positively impacting the market growth. Global companies are increasing the establishment of data centers and adopting DCIM solutions for managing large-scale facilities in the region.
 

Industry players are adopting collaboration strategies to remain competitive in the market

Major companies include CommScope, Inc., Schneider Electric, ABB Ltd, Rittal GmbH & Co., KG, CA Technologies, Cisco Systems, Inc., Siemens AG, STULZ GmbH, and Vertiv Co. These companies are adopting strategies, such as partnerships & collaborations and addition of new features to sustain in the highly competitive market. For instance, in September 2017, Schneider Electric introduced EcoStruxure IT, a cloud based DCIM software, providing emphasis on hybrid cloud architectures and helping customers optimize their infrastructure and mitigate risk.
 

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