Data Center Infrastructure Management Market set to witness a considerable growth to 2024
Date: 2018-08-21   Author: Ronak Bora  Category: #technology

Data Center Infrastructure Management Market set to witness a considerable growth to 2024

The growth of mega data centers across the world is anticipated to fuel the demand for the data center infrastructure management market. Mega data centers generate voluminous amounts of data, which require high amounts of natural resources. This results in high emissions owing to the high usage of electricity. The nations across the world are imposing varied regulations on data centers to decrease the energy consumption to facilitate energy-efficient operations. These factors can be controlled by efficient management services for the data centers, thereby contributing to the DCIM market growth.

Data Center Infrastructure Management Market size is set to exceed USD 3 billion by 2024. An increase in the organizational data and the use of digital analytics services across the world are projected to witness a high demand for DCIM services. The data centers are required to operate on a 24/7 basis to facilitate real data generation and processing for the organizations. For instance, organizations such as Facebook and WhatsApp generate voluminous amounts of data and cannot afford to suffer glitches or frequent downtime and need to be constantly monitored. This is the reason why DCIM is primarily required.

Increasing trends of virtualization and cloud computing applications across various industry verticals are projected to further augment the data center infrastructure management market growth. Virtualization services require an efficient management infrastructure to facilitate the efficient working of the virtual systems installed on the computer hardware. Cloud computing generates voluminous amounts of data, which needs to be monitored for efficient data processing activities.

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High initial costs, unstable economic conditions of the data centers, and regulatory issues are the factors restraining the data center infrastructure management market growth. The management infrastructure services are extremely costly owing to the high technological equipment available within them. Additionally, the lack of detailed knowledge among the management services to effectively be compatible with different data centers and the varying data center services offered, are hampering the DCIM market growth.

The solutions segment is projected to dominate the data center infrastructure management market demand. The solutions segment provides a wide variety of features such as monitoring the cooling systems, control systems, power systems, data center simulation, and IT asset management. Telecommunications application segment is expected to be the largest and the fastest growing application segment of the DCIM market, owing to the increasing use of IoT and cloud-based services in the segment.

North American regions including the U.S. and Canada are projected to dominate the data center infrastructure management market owing to the high technology adoption in these regions and the stable financial conditions of the region, making it easier for these regions to have management services for the data centers. Countries of the Asia Pacific regions including India and China are projected to show the fastest growth in the DCIM market owing to the proliferation of smartphones and internet-enabled electronic devices in the region.

Players in the data center infrastructure management market include Siemens AG, CommScope, Inc., CA Technologies, ABB Ltd., Cisco Systems, Inc., Rittal GmbH & Co. KG, Schneider Electric, STULZ GmbH, and Vertiv Co. Players are expected to continue investing in the R&D activities to enable cost-effective solutions and enter into mergers & partnerships to have a strong standing in the DCIM market.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.


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