The data center infrastructure management market will reach $10 billion by 2030, says Global Market Insights Inc.
Key players in the Data Center Infrastructure Management (DCIM) market include ABB Ltd. and Cisco Systems Inc. and Schneider Electric SE and Vertiv Group Co. and ABB Ltd. and Cisco Systems Inc. and Schneider Electric SE and Vertiv Group Co.
SELBYVILLE, Del.And the September 6, 2022 /PRNewswire/ – The data center infrastructure management market is expected to outpace 10 billion US dollars by 2030, as reported in a research study by Global Market Insights Inc. , the increasing adoption of data centers has led to increased demand for power and energy, which in turn has contributed to the expansion of the DCIM industry, the report claims. To reduce energy efficiency and increase efficiency, data center operators are implementing advanced management solutions such as smart rack PDUs, smart UPSs, and battery monitoring systems that will raise the quality of data center operations.
Accelerate the development of Internet infrastructure and broadband leadership Data Center Infrastructure Management market demand
The telecommunications industry has experienced significant growth in recent times. This can be attributed to the accelerated development of the Internet and broadband infrastructure catering to Internet applications across multiple industry sectors. The enhanced infrastructure is used to run many low to high-end applications. This will lead to further deployment of data center infrastructure management systems, further expanding the industry until 2030.
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Although the adoption of software technologies is increasing, their deployment and integration into the IT environment has high up-front costs, which may hamper the growth of data center infrastructure management. These costs are very high due to innovations, technological developments, and highly skilled professionals required to perform initial deployments.
Increasing demand for consulting services to drive industry development
The service segment held a 30% market share in 2021. This can be attributed to the ability of Consulting Services to deploy effective DCIM solutions tailored to suit the diverse requirements of organizations. As the demand for complex and large-scale IT infrastructure increases with increasing IT needs, consulting and managed services will become critical to improving asset functionality.
High demand for energy expertise in data center services to scale business
The energy sector captured a 5% share of the data center infrastructure management market in 2021. Data center services need expertise from the energy industry to deliver reliable and effective software applications support. Advanced data management solutions are needed for critical activities such as unconventional systems engineering and earthquake interpretation, boosting market demand.
The escalation of the adoption of digitalization in South america To boost the demand for the product
Geographically, the DCIM market is segmented into North AmaricaAnd the EuropeAnd the Asia PacificAnd the South americaAnd the The Middle East & Africa. The South america The region is expected to record rewards worth more than 400 million US dollars by 2030. This growth is attributed to the sudden rise in digitization across various industries in South America, which has resulted in increased data traffic and the deployment of robust data centers. The subsequent rise in the demand for data management and simplified data infrastructure will boost the development of the regional DCIM industry.
New product launch of prominent players to support industry growth
ABB Ltd. and Cisco Systems Inc. and Schneider Electric SE and Vertiv Group Co. and ABB Ltd. and Cisco Systems Inc. and Schneider Electric SE and Vertiv Group Co. Are some of the prominent companies operating in the DCIM market. Some companies focus on strategic product launches to strengthen their market position. For example, Schneider Electric launched its new product DCIM Ecostruxure IT in June 2022, as an overhaul that complements the modern world of hybrid and modern IT. Dubbed DCIM 3.0, the new method allows IT chiefs to manage infrastructure available across co-location, public clouds, cutting-edge, and on-premises resources.
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Partial chapters from the report’s table of contents (TOC):
Chapter 2 Executive Summary
2.1 DCIM 360º Industry Summary, 2018-2028
2.1.1 Business trends
184.108.40.206 Trends TAM
2.1.2 Regional trends
2.1.3 Component directions
220.127.116.11 Solution directions
18.104.22.168 Service directions
2.1.4 Application directions
Chapter 3 DCIM Industry Insights
3.1 Impact of the coronavirus (COVID-19) pandemic
3.2 Industrial Ecosystem Analysis
3.3 Technology and innovation landscape
3.4 Regulatory landscape
3.5 Profit Margin Analysis
3.6 Patent Analysis
3.7 Investment Portfolio
3.8 Key initiatives by region
3.9 Industry Impact Forces
3.9.1 Growth Engines
3.9.2 Pitfalls and challenges for the industry
3.10 Growth potential analysis
3.11 Porter’s analysis
About Global Market Insights
Global Market Insights Inc. , based in DelawareLtd., US, is a global market research and advisory services provider; Providing aggregated and customized research reports along with growth advisory services. Business intelligence reports and industry research provide our clients with insights and actionable market data tailored and presented to aid strategic decision-making. These comprehensive reports are designed via a proprietary research methodology and are available to key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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SOURCE Global Market Insights Inc.