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Thrust on Energy Conservation Made Data Center Infrastructure Management (DCIM) Mainstream in Just a Couple of Years

Press release Description

Albany, New York, November 09, 2016: Market Research Reports Search Engine (MRRSE) has announced that its repository now features a report, titled “Data Center Infrastructure Management (DCIM) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.” The research study forecasts that the market will demonstrate a stellar CAGR of 21.1% from 2016 to 2024. Its value, in terms of revenue, will reach US$2,859.2 mn by 2024 from US$529.5 mn in 2015.

The report studies the current market landscape and the competitive dynamics by analyzing the business strategies adopted by key players. It also uses SWOT analysis to understand their strengths and weaknesses to arrive at opportunities and threats they might encounter. The report further presents key market indicators such as consolidation of asset management and facility management trends.

Data center infrastructure management (DCIM) refers to a range of solutions that involve system management, building management, and energy management, for optimal energy, floor space, and equipment. It has gone mainstream in just a few years on account of the proliferation of data centers and increasing number of takers for the IT physical infrastructure solutions. The report segments the global DCIM market on the basis of geography into Asia Pacific (APAC), North America, South America, Europe, and the Middle East and Africa (MEA).

On account of a the proliferation of data centers in Europe and North America – continents which have typically been at the forefront of lapping up technological innovations – the market for DCIM is slated to see a stupendous growth in these regions, particularly in nations such as Germany, the U.K., and U.S. To put it in some perspective, the Europe market is predicted to exhibit a robust CAGR of 19.3% from 2016 to 2024. Asia Pacific too is expected to report positive growth due to the fast growth in IT and service sectors, especially in India and China. The Middle East and Africa and South America, however, would trail behind Europe, North America and Asia Pacific in the DCIM market.

By solution, component, and industry verticals too, the market can be segmented. Based on components, the market has been divided into DCIM software, power, IT asset, cooling, and others. Solution-wise the market can be fragmented into facility management and consulting, IT asset management, and other services. Depending on different industry verticals, the market can again be divided into information technology, banking, telecom, financial services and insurance (BFSI), healthcare, retail, and others. IT and telecom sectors, so far, have been seen maximum adoption of DCIM solutions. BFSI, retail, and healthcare too are expected to follow suit soon enough.

Having segmented the market on myriad parameters, the report goes on to provide an in-depth insight into the factors that are resulting in market growth and also the ones that are hampering its progress. According to the report, the demand across the globe would be boosted exponentially due to a growing shift towards energy-efficient data centers and also regulatory norms revolving round data centers.

The prominent vendors listed in the study are: Eaton Corp. PLC, Emerson Network Power, Inc., IBM Corp., Schneider Electric SE, CA Technologies, Inc., Sunbird Software, Inc. (Raritan, Inc.)Siemens AG, and ABB Ltd.

Browse Full Global Data Center Infrastructure Management (DCIM) Market Report with TOC:

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