Data Center Infrastructure Management Market To Thrive on Strong 5G Network

The data center infrastructure management (DCIM) market growth during the forecast period (2020-2030) will be driven by the soaring number of hyperscale data centers, escalating need to gain end-to-end visibility for forecasting capacity management requirements, booming demand for sustainability and a low carbon footprint, and increasing efforts being made by data centers to improve uptime and energy efficiency. According to P&S Intelligence, the market generated a revenue of $1.5 billion in 2020.

One of the primary growth drivers of the market is the rising need for end-to-end visibility to forecast capacity management requirements of data centers. To fulfill this requirement, data centers need to plan a strategy that prevents malfunction in any condition. Managers of data centers need to ensure that their strategy can cater to the evolving needs of organizations, owing to which they are adopting DCIM solutions, as they offer visibility and insights by monitoring the security uptime, performance of data center servers and computers, and network organizations.

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In recent years, the expanding 5G network has become a major trend in the data center infrastructure management market, as a strong 5G network will enable easy mobility of data between locations. This emerging communication technology will offer support for machine-to-machine communications, by providing 100,000 connections per square kilometer. Moreover, 5G network also plays a vital role in supporting policymakers and governments in creating smart cities, which enable citizens to leverage socio-economic benefits delivered by the data-intensive and advanced digital economy.

The deployment model segment of the data center infrastructure management market is bifurcated into cloud and on-premises. Under this segment, the on-premises category will account for a larger revenue in the forecast years, as on-premises DCIM solutions play a pivotal role in preventing data and revenue loss. These solutions can monitor data on infrastructure availability, airflow, humidity, power consumption, and temperature of data center operations, owing to which data centers can easily track and manage their infrastructure.

At present, major players of the data center infrastructure management market are engaging in product launches to gain a competitive edge. For instance, in August 2020, Schneider Electric unveiled the third generation of EcoStruxure Power, an IoT-supported platform that simplifies, digitizes, and optimizes electrical distribution systems to make them safer, faster, smarter, and more resilient. Other players undertaking this strategic measure include ABB Ltd., Huawei Technologies Co. Ltd., Panduit Corporation, NTT DATA Corporation, Cisco Systems Inc., and Delta Electronics Inc.

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Geographically, the Asia-Pacific (APAC) data center infrastructure management market is projected to demonstrate the fastest growth throughout the forecast period. This will be on account of the surging demand for state-of-the-art digital technologies, such as machine learning (ML) and internet of things (IoT), from the people of China, Japan, and India. Additionally, the mounting investments being made by these countries in data center infrastructure development and the increasing support of these countries toward promoting data centers will also catalyze the market growth in the region.

Therefore, the burgeoning need for end-to-end visibility for projecting capacity management requirements and the expanding 5G network are the key contributors to the market growth.

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This release was published on openPR.