Organizational Preference for Cloud-Based Installations to Provide Growth Opportunities for Data Center Infrastructure Management Market During 2021–2028
According to our new research study on “Data Center Infrastructure Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, Data Center Type, Application, End User, and Geography,” the market is projected to reach US$ 5,781.80 million by 2028 from US$ 1,881.60 million in 2021; it is estimated to grow at a CAGR of 15.4% from 2021 to 2028.
With the increased use of Internet of Things (IoT), Cisco estimates that 50 billion devices will be connected by 2020, resulting in tremendous amounts of data creation. Data center IP traffic is expected to exceed 20.6 Zettabytes per year by the end of 2021, up from 6.8 ZB in 2016. Cloud provides a solution by supplying dependable services to its users through data centers based on virtualization technology. A single system can operate as numerous virtual machines and independently handle requests from different users. Customers can use cloud-based on-demand services from anywhere in the world. Thus, the increase in data center IP traffic will boost the demand for data center infrastructure management.
Data Center Infrastructure Management Market – by Geography
Data Center Infrastructure Management Market Report to 2028
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Data Center Infrastructure Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Service), Data Center Type (Tier I & II, Tier III, and Tier IV), Application (Asset Management, Network Management, Cooling Management, Power Management, and Security Management), and End User (BFSI, Manufacturing, IT & Telecom, Government, Healthcare, and Others)
Data Center Infrastructure Management Market Report to 2028
Download Free SampleData Center Infrastructure Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Service), Data Center Type (Tier I & II, Tier III, and Tier IV), Application (Asset Management, Network Management, Cooling Management, Power Management, and Security Management), and End User (BFSI, Manufacturing, IT & Telecom, Government, Healthcare, and Others)
The DCIM market is propelled by the requirement to manage limited space and high rack densities, intending to reduce IT system downtime. As per the AFCOM estimations, the current rack density is valued at 16.9 kW in data centers. As per the study conducted by the Data Centers Association (AFCOM), approximately 67% reported a rise in rack density in the past three years. Furthermore, the study highlights that with an average power density of ~7 kilowatts per rack, several data centers face challenges in managing their IT workloads with traditional air-cooling methods. Additionally, the rising demand for cloud and data traffic moving from and within the data centers is anticipated to propel the DCIM market growth over the forecast period. As per Cisco Systems, the cloud data center IP traffic is expected to reach 19,509 exabytes per year by 2021, in comparison to 1,046 exabytes/year of traditional data center traffic.
The data center infrastructure management industry is segmented into component, data center type, application, and end user. Based on the component, the data center infrastructure management market is segmented into solution and services. Based on data center type, the data center infrastructure management market is segmented into Tier I & II, Tier III, and Tier IV. Based on application, the data center infrastructure management market is segmented into asset management, cooling management, network management, security management, and power management. Based on end user, the market is segmented into BFSI, manufacturing, IT & Telecom, government, healthcare, and others. Based on geography, the global data center infrastructure management market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).
Impact of COVID-19 Pandemic on Data Center Infrastructure Management Market
Owing to the ongoing COVID-19 outbreak, governments in regions such as Europe, Asia Pacific, and North America have imposed stringent limitations on corporate activity and the movement of products and persons. These variables are expected to impact both supply and demand for data center infrastructure services, affecting the worldwide data center infrastructure management market’s revenue growth, particularly in 2021. The market is likely to stabilize in 2022, and the market will see growth from 2022 to 2028.
Schneider Electric SE; Nlyte Software Limited; Sunbird Software, Inc.; Device42, Inc.; UnityOneCloud; Panduit; Cormant, Inc.; Ansys, Inc.; Eaton Corporation plc; and Vertiv Holdings Co. are among the major companies operating in the data center infrastructure management market.
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