Global Data Center Infrastructure Management Market Size By Component, By Deployment Type, By Application, By Geographic Scope And Forecast
Published on: 2024-07-14 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Data Center Infrastructure Management Market Size By Component, By Deployment Type, By Application, By Geographic Scope And Forecast
Data Center Infrastructure Management Market Size And Forecast
Data Center Infrastructure Management Market size was valued at USD 215.5 Billion in 2023 and is projected to reach USD 277.8 Billion by 2030, growing at a CAGR of 7.1% during the forecast period 2024-2030.
Global Data Center Infrastructure Management Market Drivers
The market drivers for the Data Center Infrastructure Management Market can be influenced by various factors. These may include
- Increasing Data VolumeTo effectively manage and optimise data storage, processing, and transmission, strong data centre infrastructure management solutions are required. This is due to the exponential rise of digital data, which is being driven by trends like cloud computing, big data analytics, IoT, and AI.
- Growing Complexity of Data CentresAs heterogeneous IT architecture, such as virtualization, containerisation, and hybrid cloud environments, are adopted, data centres are growing more complicated. In the face of this complexity, DCIM solutions aid in streamlining processes, maximising resource usage, and guaranteeing dependability.
- Initiatives for Sustainability and Energy EfficiencyOrganisations are concentrating on energy efficiency and sustainability in data centre operations due to rising energy prices and environmental concerns. DCIM tools facilitate the implementation of green initiatives and improve resource utilisation by offering insights into energy consumption.
- Regulatory Compliance RequirementsOrganisations must guarantee data security, integrity, and privacy in order to comply with strict legislation and compliance requirements like GDPR, HIPAA, and PCI DSS. To help organisations comply with regulations, DCIM systems provide tools for tracking and managing compliance-related indicators.
- Demand for Real-time Monitoring and AnalyticsThe adoption of DCIM solutions is being driven by the demand for real-time monitoring, analytics, and predictive maintenance to minimise downtime and maximise performance. These technologies facilitate preemptive troubleshooting, offer visibility into critical parameters, and assist in data-driven decision-making.
- Extension of Cloud and Edge ComputingData centre infrastructures are changing as a result of the spread of cloud computing services and the emergence of edge computing architectures. DCIM solutions guarantee seamless connectivity, security, and performance while assisting enterprises in managing distributed IT environments effectively.
- Adoption of Modular Data CentresModular data centre solutions meet changing company needs by providing scalability, flexibility, and quick deployment. The management and optimisation of modular data centre infrastructure is made possible by DCIM technologies, which propel the market expansion in this industry.
Global Data Center Infrastructure Management Market Restraints
Several factors can act as restraints or challenges for the Data Center Infrastructure Management Market. These may include
- Regulatory ComplianceStrict regulatory rules and standards apply to both markets. It can be expensive and time-consuming to meet these standards, particularly when rules are revised or modified.
- Technological ComplexityDue to the strong technological influence on both markets, businesses must continuously innovate to remain competitive. Rapid technological progress, however, can often make it difficult to stay on top of new advances and integrate them into systems that already exist.
- High Initial InvestmentInvesting heavily in hardware, software, and staff is frequently necessary for the implementation of intraocular lens technologies or data centre infrastructure management solutions. This could provide a challenge for smaller businesses or those with tighter budgets.
- Security ConcernsIn both markets, data security is a top priority. In the case of intraocular lens technology, sensitive medical data, and in the case of data centre infrastructure, essential corporate data, businesses need to make investments in strong security measures to guard against cyber threats and breaches.
- Interoperability ProblemsIt can be difficult to get diverse systems and technologies to work together in the data centre infrastructure management industry. It can take more time and resources to integrate with the current infrastructure and make other systems compatible.
- Qualified personnelTo properly run and maintain the technology in both sectors, a qualified personnel is needed. It might be challenging to find and keep skilled workers with the required technical knowledge, particularly in specialised fields like intraocular lens technology or IT positions in data centre administration.
- Market FragmentationThere are many companies offering rival goods and services in the intraocular lens technology and data centre infrastructure management industries, which are frequently fragmented. Because of this, it could be challenging for businesses to stand out from the competition and gain market share.
Global Data Center Infrastructure Management Market Segmentation Analysis
The Global Data Center Infrastructure Management Market is Segmented on the basis of Component, Deployment Type, Application, and Geography.
By Component
- SoftwareData centre infrastructure monitoring, management, and optimisation can be achieved with DCIM software solutions.
- HardwareThe actual infrastructure parts, including PDUs (Power Distribution Units), racks, metres, and sensors.
- ServicesDCIM system implementation, integration, consultation, and maintenance services.
By Deployment Type
- On-PremisesDCIM systems set up inside the company’s own data centre network.
- Cloud-BasedDCIM systems that are accessible and hosted on cloud infrastructure, providing flexibility and scalability.
By Application
- Asset ManagementAsset management is the process of monitoring and controlling the data center’s physical assets, such as servers, storage, networking hardware, and connections.
- Capacity Planning Analysing present and future capacity needs to prevent over- or under-provisioning and maximise resource utilisation is known as capacity planning.
- Power and Cooling ManagementIncreasing efficiency and cutting expenses by tracking and optimising energy use, HVAC (heating, ventilation, and air conditioning), and cooling systems.
- Change ManagementChange management is the process of adding, removing, and altering IT resources and infrastructure parts with the least amount of disturbance possible.
- Environmental MonitoringTo guarantee ideal operating conditions and avert equipment failures, environmental factors like temperature, humidity, and air quality are monitored.
By Geography
- North America Market conditions and demand in the United States, Canada, and Mexico.
- Europe Analysis of the Data Center Infrastructure Management Market in European countries.
- Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa Examining market dynamics in the Middle East and African regions.
- Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the Data Center Infrastructure Management Market are
- ABB
- Cisco Systems, Inc.
- Emerson Electric Co.
- Equinix, Inc.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Johnson Controls International plc
- Lenovo Group Ltd.
- Microsoft Corporation
- Schneider Electric SE
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | ABB, Cisco Systems, Inc., Emerson Electric Co., Equinix, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Johnson Controls International plc, Lenovo Group Ltd., Microsoft Corporation, Schneider Electric SE |
SEGMENTS COVERED | Component, Deployment Type, Application, And Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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