Market Research Report
Data Center Infrastructure Management (DCIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||967725|
|Published||Content info||141 Pages
Delivery time: 2-3 business days
|Data Center Infrastructure Management (DCIM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: December 5, 2020||Content info: 141 Pages||
The global data center infrastructure management (DCIM) market grew at a CAGR of around 20% during 2014-2019. Data center infrastructure management (DCIM) comprises monitoring, measuring and managing IT equipment and supporting servers, storage, power and cooling systems in data centers. It aids in observing environmental conditions and capturing detailed information in real-time. It also aggregates and analyzes power usage effectiveness (PUE) and cooling system energy efficiency using energy-monitoring sensors. Nowadays, a number of organizations are combining DCIM with computational fluid dynamic (CFD) analysis to optimize airflow and systems placement.
The growing virtualization of data centers has increased the risks of cyber threats and security breaches. Consequently, several organizations are adopting DCIM solutions to address these vulnerabilities. Moreover, the next-generation DCIM solutions are gaining widespread adoption as they are hosted on the cloud and utilize artificial intelligence (AI) and machine learning (ML) technologies. They also offer innovative features, such as scalability, faster deployment, zero-configuration analytics, data sharing and collaboration, and reduced downtime and maintenance costs. Furthermore, rapid digitization, the growing e-commerce sector and the growing integration of advanced technologies in medical devices and autonomous vehicles are some of the other factors positively influencing the market growth. Apart from this, due to the spread of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of various countries, there is a rise in the usage of digital services in telemedicine, e-learning, Over the Top (OTT) platforms and remote working models of various organizations. This, in turn, is escalating the demand for DCIM solutions to manage increased network traffic and data usage. Looking forward, IMARC Group expects the global data center infrastructure management (DCIM) market to continue its strong growth during the next five years.
Figure 11 Global: Data Center Infrastructure Management (Services) Market Forecast: Sales Value (in Million US$), 2020-2025