Data Center Infrastructure Management (DCIM) Market – Snapshot
Data center infrastructure management (DCIM) is a suite of solutions allowing efficient monitoring and management of a data center in terms of the optimization of data center space, power consumption, and cooling. Increasing energy consumption due to continuous operation of a data center is expected to increase the demand for DCIM solutions. The DCIM market is expected to see growing demand around the world owing to its increased emphasis on energy-efficient data centers. Furthermore, the increasing impact of regulatory norms on data centers is expected to accelerate the market for DCIM solutions.
Many DCIM solution vendors focus on reducing energy consumption from cooling systems in data centers. The IT asset management providers segment includes players offering solutions to improve server space and efficiently manage the data center through DCIM software. The facility management providers segment includes players delivering power and cooling software solutions to data center operators. Consulting and other services segment includes consulting and hardware sensor revenue, which plays an important role in implementing DCIM solutions. The revenue of the global DCIM market stood at US$ 1,810.5 Mn in 2016 which is projected to expand at a CAGR of 18.1% during the forecast period (2018 to 2026) and reach US$ 6,862.1Mn by 2026.
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The IT asset segment is expected to account for a significant share in the software component segment in the DCIM market throughout the forecast period. The application of DCIM solutions will be greater in IT, telecom, and other segment sectors, due to high demand for data storage among end-users. The IT asset management segment is expected to witness the highest growth over the forecast period until 2026, in terms of solutions.
The demand within the global data center infrastructure management market is set to increase at an unprecedented pace in the times to follow. The relevance of big data analytics across leading industries has created increased demand for data centers. Several leading sectors and industries have invested in data processing techniques and technologies. Use of data-based insights have helped companies in planning their annual trajectories in recent years. The reliance of the masses on data in the current age cannot be underestimated. The use of data has become a prerequisite across mission-critical industries and operations. Considering these factors, it is safe to say that the global data center infrastructure management market would expand at a stellar rate in the years to follow.
- The integration of data technologies with artificial intelligence has played a prominent role in enhancing the role of data-driven insights in critical decision making. Several industries are reaping the benefits of automated cognition and insights due to the use of data in intelligent technologies. It is expected that the use of data center infrastructure across the leading industries would create new pathways of growth for the global market.
- The protection of data has also emerged as necessary feat for companies and businesses. Data availability and confidentiality are the defining tenets of growth across the industrial and commercial sectors. Therefore, data center infrastructure management has emerged as a relevant area of operation across several industries. In addition to this, the use of these management nodes for ensuring the integrity of critical data has also driven demand within the market.
The emergence of data analytics as a key technology for making market projections and forecasts has played a palpable part in driving market demand. It is also worthwhile to note that the global data center infrastructure management market has expanded alongside advancements in intelligent technologies.
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With the high requirement of data centers and increasing awareness about green data centers in the coming years, the North America market is expected to contribute significantly over the forecast period. In 2018, North America was the largest market for DCIM solutions, accounting for about 42.1% share. North America sees high adoption rate of DCIM solutions due to the significant presence of established data centers and DCIM vendors. The U.S. is expected to be a major contributor to the DCIM market in this region. Europe is anticipated to contribute a consistent market share during the forecast period due to growing awareness and demand for additional green data centers over the forecast period.
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