Data Center Infrastructure Management (DCIM) Market - Global Industry Analysis

Data Center Infrastructure Management (DCIM) Market

Data Center Infrastructure Management (DCIM) Market Size, Industry Share 2030

Category: Technology & Media Report Format : PDF Pages: 188 Report Code: ZMR-573 Published Date: Mar-2022 Status : Published

Global Data Center Infrastructure Management (DCIM) Market accrued earnings worth approximately 9.1 (USD Billion) in 2021 and is predicted to gain revenue of about 24.7 (USD Billion) by 2028, is set to record a CAGR of nearly 15.2% over the period from 2022 to 2028. Data Center Infrastructure Management (DCIM) industry share by Deployment, Data Center Type, Component, End-User, Application and Region.

Data Center Infrastructure Management ( Market

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Methodology

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Today’s data centers are more compound, more mutually dependent and more critical than ever before. This has led to the need for more intelligent and automated IT infrastructure management. The tools which allow the data center team to effectively and efficiently operate this complex environment have been grouped into a classification of solutions known collectively as data center infrastructure management (DCIM). It can be also defined as “tool that monitor, measure, manage and/or control data center use and energy consumption of all IT-related equipment (such as servers, storage, and network switches), and facilities infrastructure components (such as power distribution units and computer room air conditioners).”

Data center infrastructure management (DCIM) market is primarily driven by a tremendous increase in the number of data centers. In additions, growing impact of regulatory norms pertaining to data centers, the popularity of green data centers, cloud data traffic and growing role of DCIM in Big Data analytics are the factors which favor the market growth. However, high initial investment in the data center infrastructure management is expected to have the adverse impact on market growth. Nonetheless, technological advancement is expected to open up new growth opportunities in near future.

Based on the solution, global DCIM market is bifurcated into IT asset management, facility management and consulting and other services. IT asset management solution segment dominated the market in 2019 and expected to maintain its dominance throughout the forecast period. It helps to achieve complete visibility into IT infrastructure inventory. Facility management solution segment is also expected to show significant growth in coming years. IT asset, DCIM software, power, cooling, and others are the key component segment of DCIM market. IT asset component segment held the largest market share in 2019. DCIM software also expected to contribute significantly to the market growth in years to come. Based on industry verticals, DCIM market is segmented into BFSI, IT, telecom, healthcare, retail, and others. IT and telecom are expected to hold largest market share in coming years amongst all other industry verticals. Adoption of DCIM in healthcare and retail will spur the market significantly.

In terms of revenue, North America held the largest market share in 2019 and acquired over 27% of market share in the same year. Europe is anticipated to maintain a steady market share during the forecast period due to growing awareness regarding green data centers. However, Asia Pacific is expected to be fastest growing region due to rising demand for unified IT tools. Further, low cost of investment led by companies to set up their data center in Asia Pacific regions, in turn, supports the market growth.

Some of the major DCIM solution providers are CA Technologies, Inc., Johnson Controls, Inc., Nlyte Software, Inc., Sunbird Software, Inc. (Raritan, Inc.), Emerson Network Power, Inc., Schneider Electric SE, Eaton Corp. PLC, IBM Corp., Siemens AG, ABB Ltd., FNT GmbH, Panduit Corp., Commscope, Inc., Altron A.S., Cormant, Inc., and Rackwise, Inc. amongst others.

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