IMARC Group has recently released a new research study titled “Data Center Infrastructure Management (DCIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
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What are the growth prospects of the Data Center Infrastructure Management (DCIM) industry?
The global data center infrastructure management (DCIM) market reached a value of US$ 2.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.7 Billion by 2027, exhibiting a CAGR of 15.68% during 2022-2027.
What is a Data Center Infrastructure Management (DCIM)?
Data center infrastructure management (DCIM) involves monitoring, measuring, and managing IT tools, such as servers, storage, and network switches, and facilitates infrastructure components like power distribution units (PDUs) and computer room air conditioners (CRACs). It assists in aggregating and analyzing power usage effectiveness (PUE) and cooling system energy efficiency using energy-monitoring sensors. It also observes environmental conditions and captures detailed information in real-time. It offers facility administrators a holistic view of the performance of data centers so that energy, equipment, and floor space can be operated efficiently to help manage these susceptibilities that lead to downtime.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the Data Center Infrastructure Management (DCIM) Market?
DCIM is employed in the banking, financial services and insurance (BFSI) industry to streamline banking operations and enhance user experience. This, in confluence with the increasing use of m-banking apps, represents one of the major factors strengthening the market growth around the world. In addition, it is used in the healthcare sector to record and maintain patient data. This, in confluence with the rising demand for remote patient monitoring (RPM) on account of the growing prevalence of chronic disorders among the masses, is favoring the market growth. Along with this, the increasing utilization of smartphones with high-speed internet and the integration of advanced technologies that assist in scheduling appointments and tracking the health of patients is also providing a thrust to the market growth. Furthermore, rapid digitization and rising adoption of e-learning through remote and digital platforms are driving the demand for DCIM in the education sector. The market growth can also be accredited to the expanding number of educational apps that provide students with interactive online lectures and study materials.
Apart from this, there is a rise in the integration of artificial intelligence (AI) and machine learning (ML) technologies and cloud-based solutions in DCIM, which offer scalability, faster deployment, zero-configuration analytics, data sharing and collaboration, and reduced downtime and maintenance costs. Besides this, there is an increase in the adoption of DCIM in small and medium-scale enterprises (SMEs) on account of remote working models, which is creating a positive outlook for the market. It assists IT experts in managing equipment from multiple vendors, dealing with various sites with limited or no IT staff, and optimizing performance by comparing the performance of their infrastructure with peers. Additionally, leading players are introducing green data centers for producing energy-efficient systems. Along with this, significant growth in the information technology (IT) infrastructure is anticipated to impel the growth of the market.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Solution Type:
- Software
- Asset Management Solutions
- Cooling Management Solutions
- Power Management Solutions
- Security Management Solutions
- Services
- Installation and Integration Services
- Training and Consulting Services
- Support and Maintenance Services
Breakup by Data Center Size:
- Small and Medium Sized Data Centers
- Large Sized Data Centers
Breakup by Vertical:
- BFSI
- Retail
- Telecommunication and IT
- Government
- Healthcare
- Manufacturing
- Energy and Power
- Others
By Geography:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
List of Major Key Players:
- ABB Ltd.
- Emerson Electric Co.
- International Business Machines Corporation
- Modius Inc.
- Nlyte Software Limited
- Panduit Corporation
- Raritan Inc. (Legrand)
- Rittal GmbH & Co. KG
- Schneider Electric SE
- Siemens AktiengesellschaftAG
- Vertiv Group Corp.
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