December 13, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Data Center Infrastructure Management (DCIM) Market Size By Component (Solution [Asset Management, Network Management, Cooling Management, Power Management, Security Management], Service [Installation & Integration, Managed, Consulting]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2026’, the global data center infrastructure management (DCIM) market is expected to cross USD 4.5 billion by the year 2026.
Increasing IP traffic in data centers along with the need to manage massive database is the major factor driving the data center infrastructure management (DCIM) market growth. Rising adoption of cloud services across various business and consumer spectrums is aiding in the expansion of the market. Escalating investments by key players to effectively evaluate and manage data center infrastructure is also contributing towards the industry outlook.
Rising internet penetration enabling consumers to stream online videos and access social networking platforms, in consort with increasing incorporation of business applications such as ERP (enterprise resource planning), digital analytics applications, data generation and collaboration are fueling DCIM market growth. Moreover, growing inclination towards virtual applications has led to rising demand for DCIM services across the globe.
As per service component, managed services segment held 35% of the DCIM market share in 2018, owing to rising adoption of crucial IT services by various sectors. These services offer solutions such as power tracking, control & operational optimization, planning & management, and capacity utilization.
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Based on application spectrum, the report cites that DCIM market from healthcare segment is presumed to grow with a CAGR of 20% during the period of 2019-2026. Escalating investments in healthcare sector and rising need for scaling up the data center capabilities is boosting the segmental growth. These solutions enable medical practitioners to collect complete medical history of patient.
Considering geographical landscape, Latin America DCIM market is anticipated to register decent growth over the forecast period, owing to the presence of key players in the region.
The prominent companies operating in the data center infrastructure management industry are CommScope Inc., Vertiv Co., STULZ GmBH, Rittal GmBH, Siemens AG, Cisco Systems, Schneider Electric, ABB Ltd. and CA Technologies.
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