Data Center Infrastructure Management (DCIM) Market - IT and Telecom Leading Consumers of DCIM Solutions and Technology
There
are numerous players engaged in providing data center infrastructure
management (DCIM) solutions, the prominent ones being Emerson Network
Power, Inc., Schneider Electric SE, Panduit Corp., Johnson Controls,
Inc., Siemens AG, Commscope, Inc., Nlyte Software, Inc., FNT GmbH, Eaton
Corp. PLC, and CA Technologies, Inc. These top 10 companies accounted
for a 50% share in the global DCIM market in 2015, indicating the
presence of a fragmented competitive landscape.
Transparency Market Research has observed that the rivalry among existing companies in the Data Center Infrastructure Management Market
is presently high as leading players are acquiring smaller enterprises
to gain market share. New product development, business partnerships,
and diversification are also key strategies adopted by the leading
companies to remain competitive. For example, In 2015, Emerson Electric
Company announced the launch of its spinoff Emerson Network Power, Inc.
this not only strengthened its thermal and infrastructure management
solution portfolio but also provided a significant boost to its
portfolio of DCIM solutions.
Data Center Infrastructure Management (DCIM) Market: Snapshot
The
data center infrastructure management (DCIM) market is expected to
witness a surge in demand across the globe owing to its increased
emphasis on energy-efficient data centers. The growing impact of
regulatory norms pertaining to data centers is also expected to
accelerate the demand for DCIM solutions.
DCIM
solution vendors include IT asset management providers, facility
management providers, and consulting service providers, and together,
they are anticipated to drive the global market at a CAGR of 21.1%
during the forecast period of 2016 to 2024. The revenue of the global
DCIM market stood at US$529.5 mn in 2015 and is projected to reach
US$2,859.2 mn by 2024.
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Government Regulations Compelling Establishment of Green Data Centers
“The
surging usage of internet across the globe has resulted in the
generation of massive amounts of data, which in turn, has driven the
growth of data centers,” states the author of the study. Most data
centers operate round the clock and consume significant amounts of
energy for lighting, cooling, heating, and IT equipment. “Data centers
today are prompted to curb energy consumption and optimize efficiency
and DCIM solutions have fulfilled this very demand. This is one of the
key factors fueling the data center infrastructure management market,”
the analyst says.
The
market is also anticipated to be driven by the rise in government
regulations pertaining to carbon emissions. “Governments around the
world have been paying increased attention to the alarming rise in
carbon emissions and are enforcing regulations to drive companies to
build and use green data centers,” the analyst comments. The DCIM market
is projected to benefit from this emerging trend in the coming years.
On
the down side, the lack of expertise and awareness regarding the
benefits of DCIM solutions are likely to inhibit the growth of the
global market. High initial investment also acts as a barrier for
several small-to-medium enterprises.
This
251-page report gives readers a comprehensive overview of the Data
Center Infrastructure Management (DCIM) Market. Browse to unlock the
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Opportunity in Global DCIM Market to Near US$3 bn by 2024
The
opportunity in the global DCIM market stood at US$529.5 mn in 2015 and
is likely to be worth US$2,859.2 mn by 2024, registering a strong CAGR
of 21.1% from 2016 to 2024. By solution, the DCIM market was led by IT
asset management. This segmented generated US$253.7 mn in terms of
revenue in 2015 and is expected to reach US$1,480.8 mn by 2024. The
segment is also projected to emerge as the most rapidly developing
solution type, registering a 22.2% CAGR during the forecast period.
On
the basis of component, the IT assets were the key contributors to the
DCIM market and will continue their lead through 2024. DCIM software, on
the other hand, will exhibit strong growth over the course of the
forecast period. The IT sector was the leading industry vertical using
DCIM solutions while the healthcare sector will register remarkable
growth. Geographically, North America is not only the leading segment in
terms of revenue but will also emerge as the fastest expanding regional
segment by the end of the forecast period.
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