Data Center Infrastructure Management (Dcim) Software Market will reach reach USD 12.23 billion by 2032 key developmental strategies implemented by the key players:Cisco, Atlassian, Nlyte, ASG, DCImanager, ManageEngine, NetZoom, Schneider Electric, Sunbir

The global Data Center Infrastructure Management (DCIM) market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period, to reach USD 12.23 billion by 2032 from USD 1.8 billion in 2021. Gaining end-to-end visibility for predicting capacity requirements, indispensable requirements to improve data center uptime and energy efficiency, the emergence of next-generation dcim offerings, data center optimization initiative mandate to address critical infrastructure inefficiencies, need for integrating monitoring systems with disparate applications and databases for better data accuracy are some of the drivers shaping the DCIM adoption.

The Data Center Infrastructure Management (Dcim) Software report is highly structured into a region-wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the market. The study helps understand how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.

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The report provides a comprehensive analysis of company profiles listed below:

Cisco, Atlassian, Nlyte, ASG, DCImanager, ManageEngine, NetZoom, Schneider Electric, Sunbird, CA Technologies

Data Center Infrastructure Management (Dcim) Software Market Types:

Cloud Based, Web Based.

Data Center Infrastructure Management (Dcim) Software Market Applications:

Large Enterprises, SMEs

Restraints: Complex implementation processes and uncertainty over returns on investments to create reluctance among data center teams
DCIM has evolved as a major infrastructure optimization software. Several organizations have reported successful implementation of DCIM, although the number of failed implementations cannot be overlooked. According to the 2018 survey by Uptime Institute, over 25% of respondents had an unsuccessful deployment, with one-third having no plans to pursue the DCIM technology. One of the major reasons behind the unsuccessful implementations is a substantial gap between what customers expect and DCIM providers deliver. For the data center having different functional domains, the DCIM implementation can be complex.

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Challenges: Complexities involved in integrating real-time devices to an operational data center
Most traditional data center equipment, such as UPS, chillers, cooling towers, and Computer Room Air Handlers (CRAHs)/CRACs, lack real-time energy meters and environmental sensors. The DCIM software requires to be connected to sensors and meters for various applications. These applications include monitoring and analysis of power usages and cooling statistics to achieve better power efficiency in real time. Therefore, the vendors face challenges in modifying a traditional data center to integrate real-time devices..

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Key Industry Findings & Insights from the report:

The global Data Center Infrastructure Management Market was valued USD 1,692.5 Million in 2021 and is all set to surpass USD 3,148.6 Million by 2028, exhibiting a CAGR of 10.9% during the forecast period 2021-2028.
In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.
In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.
The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.
Asia Pacific captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of Data Center Infrastructure Management industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.

Recent Developments:

August 2021: Panduit received the gold award for their Flex Fusion Cabinet, which offers a unique universal platform for all sorts of data centers & servicing requirements, as well as Hyperscale, Edge, and Colocation. The cabinet has a best-in-class weight load of 3,500 lbs., doors with an 80 percent maximum airflow, and unique configurations to satisfy network requirements.

May 2022: Standard Power will build a vast data center using a nuclear power plant in Pennsylvania. In addition, Standard Power and Energy Harbor signed a Memorandum of Understanding (MoU) to team up on building a large-scale carbon-free data center at Energy Harbor's Beaver Valley nuclear power plant in Shippingport, PA. The partnership will execute a feasibility study for a new data center to determine the best engineering, colocation, and implementation options.

North America is dominating the Global Data Center Infrastructure Management Market in 2021 and is likely to continue the same trend during the forecast period. This is mainly due to prominent market players such as International Business Machines Corporation (IBM), Emerson Electric Co., Fieldview Solutions, iTRACS Corporation Inc., JouleX Inc., nlyte Software Ltd., Modius Inc., Panduit Corp., and CA Technologies, among others. Moreover, as stated by the Technology and Innovation Report 2018, published by the United Nations Conference on Trade and Development, the United States ranks the highest in the Global Competitiveness Index developed by the World Economic Forum, along with Mexico being the top country in this index. It covers the innovation capacity, government initiative, company's expenses on R&D, quality and standard of scientific research, etc. As a result, strengthening the regional market expansion.

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