The 2023 report on the “Data Center Infrastructure Management Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Data Center Infrastructure Management Market is valued at approximately USD 1.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 11.8% over the forecast period 2022-2029.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Data centre infrastructure management (DCIM) is the organization’s fusion of the IT and facilities management departments. A DCIM programme aims to give administrators a comprehensive understanding of a data center’s performance so that resources such as electricity, machinery, and floor space are used as effectively as feasible. Data centres supporting infrastructure and IT equipment are measured, monitored, and managed using DCIM software. This makes it possible for operators of data centres to run effective operations while streamlining infrastructure design planning. Software for DCIM can be housed on-site or in the cloud. The Data Center Infrastructure Management market is expanding because of the emergence of next-generation DCIM offerings, data center optimization initiatives to mandate to address critical infrastructure inefficiencies and indispensable requirements to improve data center uptime and energy efficiency.
The 2018 Voice of the Enterprise: Datacenter Transformation, Budgets, and Outlook study found that 41% of respondents rented space from colocation data centre providers, 54% owned and operated their data centres, and 57% agreed to use cloud service providers. The popularity of Software as a Service (SaaS) products has increased as a result of the hybrid approach’s ongoing adoption for both agility and 24×7 connection. As a result, the rising adoption of cloud-based deployments to overcome the limitation, the demand for Data Center Infrastructure Management also rises. Another important component driving space increase is technological advancement in the inclination of organizations for cloud-based deployments to overcome on-premises limitations and rise in the number of data center facilities across geographies. However, complex implementation processes and uncertainty over returns on investments create reluctance among data center teams stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Data Center Infrastructure Management Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is one of the DCIM market’s fastest-growing regions and has seen significant expenditures in the development of data centres. Huge investments in industries such as BFSI, retail, healthcare, manufacturing, telecommunications, and IT are being made by major nations such as China and Japan, and this has fueled the development and economic expansion in the Asia Pacific region. The demand for data centres in this area will keep rising as internet-connected devices proliferate. This expansion of development has accelerated the building of data centres in the area, which is anticipated to accelerate the use of DCIM products and services.
Major market players included in this report are:
Schneider Electric
Vertiv
Nlyte Software
Sunbird Software, Inc.Abb
Siemens
Eaton
Unityonecloud
FNT Software
Device42
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Recent Developments in the Market:
In November 2021, Seimens unveiled the new IT platform with an open Industrial Edge environment. Scalable deployment of IT systems and applications in the working environment is made possible and served by this. B2B clients can now buy and use various software components from a single platform, as well.
In October 2021, Sunbird Software announced the launch of a new version of the dcTrack product. In the past, enterprise-class customers had trouble managing all their data centres, labs, units, and edge sites remotely because the first-generation DCIM was unreliable. To solve these challenges, dcTrack improved the scalability and tool management capabilities.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Componentofferings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Solution
Services
By Deployment Mode:
On-premises
Cloud
By Application:
Asset Management
Capacity Planning
Power Monitoring
Environmental Monitoring
BI and Analytics
Others
By Data Center Type:
Enterprise Data Center
Managed Data Center
Colocation Data Center
Cloud and Edge Data Center
By Vertical:
BFSI
Government and Public Sector
IT and ITES
Manufacturing
Healthcare and Life Sciences
Telecommunications
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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