openPR Logo
Press release

Data Center Infrastructure Management (DCIM) Market to Eyewitness Massive Growth by 2031 | Nlyte Software Inc, Stulz GmbH,

01-17-2023 02:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

Data Center Infrastructure Management (DCIM) Market

Global Data Center Infrastructure Management (DCIM) Market Poised to reach USD 3,075 Million by 2028

Download Free Sample of This Strategic Report:https://reportocean.com/industry-verticals/sample-request?report_id=MR465

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 A study recently conducted by the strategic consulting and market research firm, Report Ocean, revealed that the global Data Center Infrastructure Management (DCIM) Market reached USD 1,741.85 million in 2021. The global portable power station market is further expected to reach USD 3075.80 million by 2028 and is projected to grow at a CAGR of 8.6% during 2022-2028 (forecast period).

Growing concerns about IT components' high-power consumption will drive demand for DCIM solutions that ensure energy efficiency. The persistent increase in chip and rack power densities has resulted from the surge in enterprise workloads with cloud and AI applications. As a result, data center operators are increasingly focusing on energy-efficient cooling solutions. Cooling management solution aids in the management of IT infrastructure overheating. Overheating causes system failure and downtime, hence DCIM systems that enable optimal thermal control will be in high demand over the forecast period 2022-2028.

Growing Trends and Adoption of Colocation Data Centers Is Expected To Bolster The Data Center Infrastructure Management (DCIM) Market Growth

Colocation data centers are gaining huge popularity, especially in emerging economies like China, India, South Korea, etc. Colocation services are often used by small and medium businesses since they are cost-effective and can support high data loads more effectively. The flourishing colocation data centers are providing huge growth opportunities to the global data center infrastructure management (DCIM) market. Moreover, colocation providers are increasingly adopting DCIM software for improving the efficiency of their centers and expanding their profit margins.

Data traffic has increased due to the increased usage of digital services such as online purchasing, video-on-demand, and digital payments. The increase in data has spurred firms in various industries to build the infrastructure required to retain, store, and process data at a faster rate. Many businesses are facing issues as a result of the large expenditure and lack of knowledge required to develop an in-house IT facility. Despite the hefty initial expenditure, many businesses choose to use data center colocation services to assure data security and high-quality network connectivity in order to maximize profitability.

The increasing volume of data generated by social media and over-the-top (OTT) platforms has increased demand for data centers and colocation services. The number of active social media users is expanding at an exponential rate, contributing to the growing data from these platforms. The OTT sector in India witnessed a 30% rise in the number of paid subscribers, from 22.2 million to 29.0 million between March and July 2020 according to the data provided by IBEF. Furthermore, the Covid-19 epidemic has increased the use of OTT and streaming services, resulting in greater data volumes, which is projected to fuel market growth.

IT & telecom segment occupied the largest market share in the end-user category

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.

Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR465

North America Accounted for the Largest Share in the Global Data Center Infrastructure Management (DCIM) Market.

In terms of regional analysis, the global data center infrastructure management (DCIM) market has been classified into North America, Europe, the Asia-Pacific, Latin America and the Middle East, and Africa. Amidst the segmentation, North America accounted for the largest share of the global DCIM market in 2021. This can be attributed to the vast number of data centers can be found throughout North America. Due to the increased emphasis on energy-efficient data centers in North America, the DCIM industry is likely to expand in demand.

The United States and Canada are the two most important countries in the DCIM market in North America. Vertiv, Nlyte Software, Panduit, and Sunbird Software are some of the major DCIM vendors in North America. Due to the significant presence of existing data centers and vendors in the region, the high adoption rate of data center network management solutions is likely to fuel market expansion. The advent of the cloud computing platform has expanded the number of data centers, and expanding investments to build new hyper-scale data centers are driving up demand over the projected period.

Impact Of COVID-19 On the Global Data Center Infrastructure Management (DCIM) Market

The COVID-19 pandemic has recognized the important role of data centers computing in our culture. During the early stages of the crisis, the data center industry acted as a safety net for the global economy, enabling a significant shift to online services for corporations, schools, and non-profits. As a result of growing disruption and digital adoption, businesses are experiencing a flood of information. Because of the rising usage of cloud computing and technical improvements, the Covid-19 pandemic has accelerated the demand for IT infrastructure. The demand for data center infrastructure management services is increasing as more consumers and organizations use data center and cloud services.

To thrive in this economy, it is essential to establish an effective internal control network. Data consumption and generation have reached new highs, and the country's need for solid data infrastructure is increasing by the day. Cloud adoption, digital transformation, and social media usage will continue to fuel demand, as will new Industry 4.0 technologies like as 5G, AI, and the Internet of Things.

Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR465

During the massive lockdowns, digital services have fast become the most important tool for maintaining business. The lack of a defined event horizon for the COVID pandemic complicates forecasting future increased DCIM demand, as does the requirement to construct IT infrastructure for a world in which COVID may rebound, and continuity plans must account for future pandemics

Competitive Landscape

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

Market Segment:

By Component (Solution, Services)
By Application (Asset Management, Capacity Planning, Power Monitoring, Environmental Monitoring, Business Intelligence And Analytics, Other Applications)
By Deployment Mode (Cloud, Onpremises)
By Data Center Type (Enterprise Data Center, Managed Data Center, Colocation Data Center, Cloud And Edge Data Center)
By End-User (Banking, Financial Services, And Insurance, Government, It And Telecom, Healthcare And Life Sciences, Manufacturing, Others)
By Region (North America, Europe, The Asia-Pacific, The Middle East & Africa, And Latin America)

Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR465

In September 2021, Nlyte, an independent DCIM software developer, has been acquired by Carrier, a cooling firm. The two companies did not disclose the purchase price or other terms, but the deal gives Carrier access to expertise in data center infrastructure management (DCIM), which will be combined with Carrier's building automation systems division, Automated Logic Corporation, which Carrier purchased in 2004. Nlyte's intelligence will also be integrated into Carrier's HVAC cooling equipment.

Dont 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.

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR465

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website:https://www.reportocean.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Data Center Infrastructure Management (DCIM) Market to Eyewitness Massive Growth by 2031 | Nlyte Software Inc, Stulz GmbH, here

News-ID: 2887077 • Views:

More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques for Deep Understanding of Consumer Behavior
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan. Internet Advertising are set
Location Analytics Market Through the Looking Glass Techniques for a Profound Understanding of Consumer Behavior
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Observational Research in Consumer Behavior
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030. This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,

All 5 Releases


More Releases for DCIM

Data Center Infrastructure Management (DCIM) Software Market Size And Forecast
Data Center Infrastructure Management (DCIM) Software Market Outlook & Investment Analysis What is the current market outlook for the Data Center Infrastructure Management (DCIM) Software industry? The Data Center Infrastructure Management (DCIM) software market is experiencing rapid growth due to the increasing demand for efficient data center operations, energy management, and remote monitoring. The rise in cloud computing, AI, and IoT adoption has further driven the need for sophisticated DCIM solutions. According
Data Center Infrastructure Management (DCIM) Market to grow at a CAGR of 6.3% by …
Data Center Infrastructure Management (DCIM) Market Research Report | IMIR IMIR Market Research, a leading global market research firm, is pleased to announce its new report on Data Center Infrastructure Management (DCIM) Market, forecast for 2022-2028, covering all aspects of the market and providing up-to-date data on current trends. According to a new report by IMIR Market Research Analyst, the Global Data Center Transformer (DCIM) Market size was valued at USD 6.24
DCIM Market Drivers, Restraints, Opportunities, and Trends in Coming Years
The burgeoning requirement for end-to-end visibility for predicting capacity management requirements is driving the demand for data center infrastructure management. The strategy for a data center must be formulated in a way which will ensure that the systems never malfunction under any circumstance. Moreover, data center managers must make sure that the data center strategy can cope with the escalating needs of organizations, while also catering to the surging customer
Global Data Center Infrastructure Management (DCIM) Market Size And Forecast to …
Data Center Infrastructure Management (DCIM) The report published on the Global Data Center Infrastructure Management (DCIM) Market Research Report Covers, Future Trends, Size, Share, Past, Present Data and Deep Analysis, And Forecast, 2021-2027 market by Zion Market Research facilitates a closer outlook on opportunities, revenue growth, and current market trends. The report is focused to offer qualitative and quantitative analysis of dynamics and market opportunities prevailing during the forecast period. Also,
Data Center Infrastructure Management (DCIM) Market Future Outlook - DCIM soluti …
Zion Market Research published a new 110+ pages industry research “Data Center Infrastructure Management (DCIM) Market Is Set for a Rapid Growth and is Expected to Reach USD 1650.82 Million by 2021” is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information
Data Center Infrastructure Management (DCIM) Market By Component - IT Asset, DCI …
Albany, New York, July 4, 2017 : Recent research and the current scenario as well as future market potential of "Data Center Infrastructure Management (DCIM) Market (Solution - IT Asset Management, Facility Management, Consulting and Other Services; Component - IT Asset, DCIM Software, Power, Cooling, Industry Vertical - Banking, Financial Services, and Insurance (BFSI), Information Technology, Telecom, Health Care, Retail) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast