Global Data Center Infrastructure Management (DCIM) Market to Witness Prolific Growth Size is Projected to Grow at a CAGR of 13.2% in the Forecast Period | BlueWeave

Global Data Center Infrastructure Management (DCIM) market is growing due to the rapid adoption of cloud computing and efficient management of data centers to reduce energy consumption and increase efficiency...

A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global data center infrastructure management (DCIM) market was worth USD 1.6 billion in the year 2020. The market is estimated to grow at a CAGR of 13.2%, earning revenue of around USD 3.8 billion by the end of 2027. The data center infrastructure management (DCIM) market is growing due to the rapidly increasing adoption of cloud computing and efficient management of data centers in order to reduce energy consumption and increase efficiency. However, high initial cost and lack of high-tech equipment like sensors to track and record the data may impede the market growth.

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Growing Demand for Cloud Deployment Services Is Estimated to Boost the Global Data Center Infrastructure Management (DCIM) Market

Based on deployment modes, the global data center infrastructure management (DCIM) market is segmented into cloudand on–premises. The on-premise segment dominated the market till 2020. However, the cloud segment is expected to witness the highest CAGR during the forecast period. This is because of the COVID-19-induced lockdown and the need for remote access which has pushed the demand for cloud deployment. Large enterprises, however, still prefer on-premise DCIM because of the security concerns and to keep their data in-house and out of reach of potential attackers disguised as cloud service providers.

Flourishing Colocation Data Centers Is Projected to Propel the Global Data Center Infrastructure Management (DCIM) Market Growth

Based on data center types, the global data center infrastructure management market is categorized into enterprise data centers, managed data centers, colocation data centers, and cloud and edge data centers. Enterprise data centers are still very popular with businesses as they can manage their own data without relying on an outside agency.However, it has been projected that the colocation data centers will witness the highest CAGR during the forecast period because of the growing computing demands and cloud services.

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Global Data Center Infrastructure Management (DCIM) Market - By End-User

Based on end-users, the global data center infrastructure management (DCIM) market is segmented into banking, financial services, and insurance, government, it and telecom, healthcare and life sciences, manufacturing, and others. Among these, the IT and telecom sector accounts for the largest market share. The telecom sector is growing at a high rate, especially in the emerging economies, which is significantly propelling the demand for efficient and low-cost data centers. Telecom companies need efficient data centers to continuously process an enormous amount of data with low latency, which in turn is driving the growth of the global data center infrastructure management market.

Global Data Center Infrastructure Management (DCIM) Market - Regional Insights

Geographically, the global data center infrastructure management (DCIM) market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions, North America dominates the market. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period. The growth of the market in this region can be attributed to the economic development and technological advancements in various industries like BFSI, government, healthcare, etc.In addition, many government efforts and assistance for the development of data centers to meet the expanding needs of various industries are supporting market growth.

Impact of COVID-19 on Global Data Center Infrastructure Management (DCIM) Market

The sudden outbreak of the COVID-19 pandemic caught everyone by surprise.As a highly contagious disease, it severely affected the respiratory system.Since the WHO declared COVID-19 to be a global pandemic, several countries had to impose lockdowns to stop the spread of the deadly coronavirus.It significantly changed the working scenario, and many people had to resort to remote working.This increased the dependence on the internet and cloud computing. Furthermore, data transfers also increased dramatically.Because of this, the global data center infrastructure management (DCIM) market flourished significantly

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Competitive Landscape

The leading market players in the global data center infrastructure management (DCIM) market are Itracs Corporation Inc., Vertiv Group Corp., Nlyte Software Inc., Schneider Electric SE, FNT GmbH, Johnson Controls International PLC, ABB Ltd, Eaton Corporation PLC, Siemens AG, IBM Corporation, Delta Electronics, SolarWinds, Rackwise, CommScope, RF Code, Panduit, Raritan, Inc., Stulz GmbH, Hewlett Packard Enterprise, and other prominent players.

The market players intensively focus on research and development activities to develop and launch innovative platforms and services. The data center infrastructure management (DCIM) market is highly competitive with the presence of several global as well as regional players. Through mergers and acquisitions, and partnering with other companies, the market players are constantly seeking ways to gain a competitive edge.

Don’t miss the business opportunity of the global data center infrastructure management (DCIM) market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global data center infrastructure management (DCIM) market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global data center infrastructure management (DCIM) market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

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