Press release
Data Center Asset Management Market Expected to Reach USD 9,924.99 Million by 2034, Growing at a CAGR of 15.2%
Data Center Asset Management Market
Market Overview:
Data center asset management is the practice of maintaining an accurate inventory of data center assets, including servers, storage devices, networking equipment, and applications, to optimize their availability, utilization, and performance. This process involves real-time monitoring, change management, and capacity planning to ensure efficient operation. Data center asset management also helps organizations comply with industry standards, track IT assets, and maintain a secure, adaptable environment.
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Market Dynamics:
Growing Government Incentives: Governments worldwide are offering fiscal support, tax incentives, and subsidies to encourage businesses to invest in data centers. For example, according to the India Investment Grid, India's Ministry of Information Technology has introduced incentives as part of a broader national policy aimed at promoting the growth of data centers. These incentives help reduce construction costs and enhance the data center infrastructure, leading to more efficient and sustainable operations while driving the growth of the data center asset management market.
Technological Advancements: The Internet of Things and automation technologies are transfiguring data center functions, ensuring real-time observing and handling of assets. Sensors and automated systems in IoT in data centers assist in tracing asset situations, usage rates, and sustenance requirements, taking away the requirement for manual input.
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Prominent Companies:
Prominent contenders in the market are consistently advancing inventive solutions and augmenting their product portfolio to meet the developing requirements of customers. Key companies are mentioned below:
• BGIS
• Device42
• Eaton
• EkkoSense
• FNT GmbH
• Nlyte Software
• Panduit Corp.
• Schneider Electric
• Sunbird Inc.
• Vertiv Group Corp.
Developments in the Data Center Asset Management Industry:
• April 2024: RF Code announced a strategic partnership with Schneider Electric, integrating its wire-free asset management solution with Schneider Electric's EcoStruxure IT platform. This collaboration aims to enhance real-time asset tracking and optimize data center operations.
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Market Segmentation:
The data center asset management market is segmented on the basis of component, deployment, application, end use, and region.
Based on component, the software segment is expected to witness the fastest growth from 2025 to 2034 due to it being important for tracing, observing, and maximizing both physical and virtual assets within data centers.
Based on deployment, the on-premise segment held the largest market share in 2024 due to the ease of customization. On-premise solutions permit businesses to possess complete control over their asset management systems and customize them as per the particular requirements and infrastructural needs.
Geographical Overview:
• North America
o US
o Canada
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Netherlands
o Russia
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Malaysia
o South Korea
o Indonesia
o Australia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Israel
o South Africa
o Rest of Middle East & Africa
• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America
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