Data Center Infrastructure Management Market Projected to Gain Significant Value by 2030

The data center infrastructure management (DCIM) market growth during the forecast period (2020–2030) will be driven by the soaring number of hyperscale data centers, escalating need to gain end-to-end visibility for forecasting capacity management requirements, booming demand for sustainability and a low carbon footprint, and increasing efforts being made by data centers to improve uptime and energy efficiency. According to P&S Intelligence, the market generated a revenue of $1.5 billion in 2020.


One of the primary growth drivers of the market is the rising need for end-to-end visibility to forecast capacity management requirements of data centers. To fulfill this requirement, data centers need to plan a strategy that prevents malfunction in any condition. Managers of data centers need to ensure that their strategy can cater to the evolving needs of organizations, owing to which they are adopting DCIM solutions, as they offer visibility and insights by monitoring the security uptime, performance of data center servers and computers, and network organizations. 

At present, major players of the data center infrastructure management market are engaging in product launches to gain a competitive edge. For instance, in August 2020, Schneider Electric unveiled the third generation of EcoStruxure Power, an IoT-supported platform that simplifies, digitizes, and optimizes electrical distribution systems to make them safer, faster, smarter, and more resilient. Other players undertaking this strategic measure include ABB Ltd., Huawei Technologies Co. Ltd., Panduit Corporation, NTT DATA Corporation, Cisco Systems Inc., and Delta Electronics Inc.

Geographically, the Asia-Pacific (APAC) data center infrastructure management market is projected to demonstrate the fastest growth throughout the forecast period. This will be on account of the surging demand for state-of-the-art digital technologies, such as machine learning (ML) and internet of things (IoT), from the people of China, Japan, and India. Additionally, the mounting investments being made by these countries in data center infrastructure development and the increasing support of these countries toward promoting data centers will also catalyze the market growth in the region.  

Therefore, the burgeoning need for end-to-end visibility for projecting capacity management requirements and the expanding 5G network are the key contributors to the market growth.  

Comments

Popular posts from this blog

Vertical Farming Market- High Investment in the Vertical Farming

CBD Oil Market Assess the Trends, Opportunities and Competition in the Market

Automotive HMI Market Opportunities, Trends, Growth Analysis | Forecast – 2030