Data Center Infrastructure Management Market to grow at 20% CAGR from 2018 to 2024: Global Market Insights Inc.
Data Center Infrastructure Management Market was estimated at over USD 800 million in 2017, and is set to exceed USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc. The high penetration of the DCIM market is strongly aided by the increase in environmental and data security regulations put forth by governments of various economies to lower the power consumption through conventional sources and reduce the overall detrimental effect on the environment. Data centers consume large amounts of electricity and are required to be constantly cooled to work effectively without developing any faults. The National Resources Defense Council (NRDC) noted that by 2020, the data center power consumption is projected to increase to approximately 140 billion kilowatt-hours annually. The data center infrastructure management (DCIM) market technology is highly beneficial in tracking consumption, mitigating companies’ carbon footprints and identifying locations of higher usage and power leakages. Additionally, these software solutions and services also aid in managing the various facilities infrastructure and are designed to accommodate future changes in the infrastructure.
The adoption of DCIM market is fueled by the ability of these solutions to provide high cost savings to an organization. Organizations invest heavily in technologies that provide them with substantial cost savings in the following years and subsequently provide a competitive advantage. Additionally, these also aid in effective resource handling, capacity planning, and demand management. The integration of these technologies can aid in reducing the overhead management costs, reducing energy wastage, and providing a very high ROI over its lifespan. They are also instrumental in reducing the time to identify faults, further aiding in the higher growth of the market. The segmentation of the DCIM market by component indicates that the services segment is anticipated to witness a significant growth of over 16 percent. The increase in outsourcing activities, primarily in companies operating in the North American region, is contributing heavily to the growth of the managed segment of the market. Companies can obtain high cost savings by outsourcing management solutions to third-party entities that have an in-depth knowledge as opposed to appointing a focused in-house team. The consulting segment of the data center infrastructure management (DCIM) market market is also anticipated to witness a significant growth 1|Page
as companies are increasingly focusing on installing data centers but lack adequate information pertaining to their space and energy requirements which can be released through the aid of a service provider. The end-use segmentation of the DCIM market indicates that the healthcare sector is anticipated to witness a substantial growth as opposed to the other sectors. Medical professionals are increasingly adopting cloud solutions that will allow them a fast access to a vast storage of information at any interval of time. For instance, in cases where a patient has changed doctors or locations or in cases where a second opinion is required for diagnosis and treatment, a patient’s records can be exchanged and accessed by the authorized personnel even if they are separated over a large geographical area. U.S. data center infrastructure management (DCIM) market size, by solution, 2017 & 2024 (USD Million)
The rising instances of cyber-attacks and breach of security in data centers are contributing heavily to the proliferation of these technologies in the North America data center infrastructure management (DCIM) market market. The average cost of data center attacks in the U.S. was estimated to be over USD 4 million. The adoption of DCIM can reduce the instances of such attacks through the installation of security management solutions. The increasing government investments in the improvement of the broadband infrastructure in regions including China and India are creating a platform to streamline the DCIM market growth in the coming years by allowing a rising 2|Page
number of companies situated in underserved and rural locations to have access to these solutions. For instance, in 2014, the Chinese government proposed to invest USD 182 billion to improve the internet speed in the country by 2017 to move the country toward a service-driven digital economy. The players operating in the DCIM market include Nlyte, Raritan, Inc., NTT DATA, Schneider Electric, Delta Electronics, Inc., Huawei Technologies Co., CommScope, Inc., Sunbird Group, Vertiv Co., Tech Mahindra, and Unisys Corporation. Companies operating in the DCIM market are required to adopt strategies such as partnerships, acquisitions, and new service and software solutions to sustain growth in the global marketplace. Browse key industry insights spread across 250 pages with 283 market data tables & 32 figures & charts from the report, “Data Center Infrastructure Management (DCIM) Market Size By Component (Solutions [Asset Management, Network Management, Cooling Management, Power Management, Security Management], Services [Installation & Integration, Managed, Consulting]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Indonesia, Brazil, Colombia, Venezuela, Bolivia, Chile, Peru, GCC, Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/data-center-infrastructuremanagement-market
Table Of Content (TOC-) Chapter 1. Methodology and Scope 1.1. Methodology 1.1.1. Initial data exploration 1.1.2. Statistical model and forecast 1.1.3. Industry insights and validation 1.1.4. Definition and forecast parameters 3|Page
1.2. Data Sources 1.2.1. Primary 1.2.2. Secondary Chapter 2. Executive Summary 2.1. DCIM industry 3600 synopses, 2013 - 2024 2.1.1. Business trends 2.1.2. Regional trends 2.1.3. Component trends 2.1.3.1.
Solution trends
2.1.3.2.
Service trends
2.1.4. End-use trends Chapter 3. DCIM Industry Insights 3.1. Industry segmentation 3.2. Industry landscape, 2013 – 2024 3.2.1. Data center industry landscape 3.2.1.1.
North America
3.2.1.2.
Europe
3.2.1.3.
Asia Pacific
3.2.1.4.
South America
3.2.1.5.
MEA
3.2.2. Data center infrastructure industry landscape 3.2.2.1.
Data center power 3.2.2.1.1.
3.2.2.2. 4|Page
Data center UPS
Data center cooling
3.2.2.3.
Data center networking
3.2.2.4.
IT racks & enclosures
3.3. Industry ecosystem analysis 3.3.1. Software developers 3.3.2. Technology providers 3.3.3. Network providers 3.3.4. System integrators 3.3.5. Service providers 3.3.6. Distribution channel 3.3.7. Vendor matrix 3.4. Technology & innovation landscape 3.4.1. Computational fluid dynamics 3.4.2. Edge and hyperscale data centers 3.4.3. Integration through APIs 3.5. Network readiness and internet penetration 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. South America 3.5.5. MEA 3.6. Regulatory landscape 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 5|Page
3.6.4. South America 3.6.5. MEA 3.7. Industry impact forces 3.7.1. Growth drivers 3.7.1.1.
Transition to cloud-based solutions in the U.S.
3.7.1.2.
Increase in organizational data and analytics in Europe
3.7.1.3. Growth of mega data centers and trend of collocation in China, India, and Mexico 3.7.1.4.
Growth of green data centers in Europe and North America
3.7.1.5. Development of broadband and internet infrastructure in India and Philippines 3.7.1.6. Pacific
Increase in organizational and consumer data in Europe and Asia
3.7.1.7. Rising trend of virtualization impacting data centers in North and South America 3.7.1.8. Rising occurrences of cyber-attacks and security breaches in U.S. and Canada 3.7.2. Industry pitfalls & challenges 3.7.2.1.
Delays in application rollouts
3.7.2.2.
High up-front initial costs
3.8. Growth potential analysis 3.9. Porter's analysis 3.10.
Competitive landscape, 2017 3.10.1. Strategy dashboard
3.11. PESTEL analysis
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Industry Coverage
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com Web: https://www.gminsights.com Blog: http://algosonline.com/technology
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