The global data center infrastructure management market is characterized by a high level of competition, owing to the presence of a large number of players operating in the market, states a research report by Transparency Market Research (TMR). In 2015, some of the prominent players in the global market, namely Johnson Controls, Inc., Panduit Corp., Emerson Network Power, Inc., Siemens AG, Eaton Corp. PLC, Nlyte Software, Inc., FNT GmbH, CA Technologies, Inc., Commscope, Inc., and Schneider Electric SE collectively accounted for around 50% share of the overall market. The growing focus of leading players on mergers and acquisitions, new product development, and strategic collaborations is expected to supplement the growth of the global data center infrastructure management market. As per the study, this market is estimated to witness stiff competition in the near future.
According to the research report by Transparency Market Research, in 2015, the global market for data center infrastructure management was worth US$529.5 mn. The market is predicted to exhibit a progressive 21.10% CAGR between 2016 and 2024, reaching a value of US$2,859.2 mn by the end of 2024.
Growing Demand for DCIM-based Solutions in Diverse Sectors to Encourage Growth
North America is estimated to lead the global data center infrastructure management market and register a healthy growth rate throughout the forecast period. The rapid growth of this region can be attributed to the high contribution and the rising demand from the U.S. Furthermore, Europe is projected to witness substantial growth and remain in the second position in terms of revenue. The significant growth in the service and IT sector and the rising demand for data center infrastructure management-based solutions are some of the factors expected to encourage the growth of the Europe market throughout the forecast period.
On the basis of solution, in 2015, the IT asset management solutions segment led the global market for data center infrastructure management market and is projected to remain in the topmost position throughout the forecast period. As per the research study, this segment is projected to reach a value of US$1,480.8 mn by the end of 2024, exhibiting an impressive 22.20% CAGR between 2016 and 2024. The increased adoption of data center infrastructure management and the rising demand for IT assets are estimated to fuel the growth of this segment in the coming years.
Rising Number of New Data Centers to Bolster Data Center Infrastructure Management Market
The rising demand for green IT and sustainability and the emergence of innovative data center infrastructure management solutions are some of the major factors that are anticipated to encourage the growth of the global market throughout the forecast period. Moreover, the rising adoption of containerized data centers is considered as one of the significant trends, which are predicted to supplement the growth of the overall market in the next few years. The ability of data center infrastructure management solutions to bear the rising IT work load and offer cooling optimization are further estimated to boost the demand for data center infrastructure management solution across the globe.
Furthermore, the implementation of new data centers worldwide and the rising number of players expected to enter the market are anticipated to offer lucrative growth opportunities in the forecast period. The rising awareness among consumers concerning the benefits of adopting data center infrastructure management solutions is further accelerating the market’s growth in the near future.
Requirement of High Initial Investment to Restrict Market Growth
The global market for data center infrastructure management, on the other hand, is expected to face several challenges and limitations in the coming years. The lack of awareness and expertise related to the benefits of data center infrastructure management solutions are anticipated to hinder the growth of the overall market in the next few years. In addition, the requirement of high initial investment acts as a restraining factor for several small-to-medium enterprises. Nonetheless, the competitive scenario of the market, resulting in the emergence of innovative solutions and the increasing venture capital funding are predicted to offer growth opportunities.
This information is based on the findings of a report published by Transparency Market Research (TMR) titled “Data Center Infrastructure Management (DCIM) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
The global data center infrastructure management (DCIM) market has been segmented as follows:
Global Data Center Infrastructure Management (DCIM) Market, by Solution
- IT Asset Management
- Facility Management
- Consulting and Other Services
Global Data Center Infrastructure Management (DCIM) Market, by Component
- IT Asset
- DCIM Software
Global Data Center Infrastructure Management (DCIM) Market, by Industry Vertical
- Banking, Financial services, and Insurance (BFSI)
- Information Technology
Global Data Center Infrastructure Management (DCIM) Market, by Geography
- North America
- Asia Pacific
- Middle East & Africa
- South America
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453