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Global Data Center Infrastructure Management Market to be worth US$2,859.2 mn by 2024

Posted on Oct 30, 2017

A recent business and commerce study by Transparency Market Research (TMR) has detected that the global data center infrastructure management (DCIM) market is moderately consolidated in nature, with top 10 companies reserving nearly half of the total shares in 2015. The report identifies Schneider Electric SE, Emerson Network Power, Inc., Nlyte Software, Inc., Panduit Corp., Siemens AG, Johnson Controls, Inc., Commscope, Inc., FNT GmbH, CA Technologies, Inc., and Eaton Corp. PLC as some of the most prominent companies currently ahead of the curve in the global DCIM market. And in the near future too, these vendors will stay prominent as their primary strategy is to acquire smaller enterprises, besides concentrating on new product development and diversification in order to meet varied demands. One of the example of constant striving of these companies to enhance their products would be the launch of spinoff Emerson Network Power in 2015 by the Emerson Electric Company.

As per the projections of the TMR report, the demand in the global data center infrastructure management market will increment at an impressive CAGR of 21.1% during the forecast period of 2016 to 2024. The report has evaluated that the opportunities in the DCIM market, across the globe, were worth merely US$529.5 mn in 2015, and estimates it to reach a valuation of US$2,859.2 mn by the end of 2024. JouleX Inc., Fieldview Solutions, iTRACS Corporation, Inc., Raritan Inc., International Business Machines Corporation, nlyte Software, Ltd., Modius, Inc., Rackwise, Inc., Rittal GmbH & Co. KG., SynapSense Corporation, and Sentilla Corporation are some of the other promising players operating in this market. Most of these companies are aiming to add features such as cloud-based interface for remote monitoring and offering them at reduced cost with equal expertise to make a mark in the market.

Based on solution, the global DCIM market gains maximum demand for the segment of IT asset management, significantly more than facility management and consulting and other services. On the basis of industry vertical, the market currently extracts most of the demand from Information Technology and telecom categories, although the segment of banking, financial services, and insurance (BFSI) is expected to emerge as highly profitable part of the market in the near future.

data-center-infrastructure-management-market

Cloud Services a Boon for the Market

The ability to sustain the infrastructure in eco-friendly manner, reduce the budget and optimize the workload tradeoff with dynamic power and cooling solutions, and easy availability are some of the key factors driving the demand in the global data center infrastructure management market. In the recent past, a number of technological advancements in the fields of big data, cloud, the Internet of Things (IoT), and virtualization have helped the environment of data center to become highly complex. While a server runs at its full capacity is prone to emit huge amount of heat that must be cooled down within the infrastructure. With DCIM solutions, optimum usage of IT resources in a data center can be managed, which is leading to its increased adoption over the forecast period. The advent of containerized data centers is another boon for this market, which is essentially a portable setup that is pre-installed in a shipping container. These modules are easy to install in less than six months and are highly cost effective. While the slowness in decision maker and considerable capital investment is hindering the prosperity, the market will continue to gain new opportunities from venture capital funding, new data centers, and fragmentation and consolidation.

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