The Data Center Infrastructure Management (DCIM) Solutions Market is being driven by Increased focus on energy management and green initiatives
The Data Center Infrastructure Management (DCIM) Solutions Market is expected to grow at a CAGR of 26.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 17010.5 million. The Internet of Things (IoT) revolution has led to a significant surge in data traffic, particularly mobile data, driving the demand for cloud applications. IoT deployments generate massive volumes of data from remote assets, which are integrated into existing infrastructure systems. DCIM solutions can optimally leverage IoT capabilities by monitoring thermal, power and cooling, and network management through sensors in data centers. As IoT and sensor adoption scales, data centers and DCIM software are evolving to meet enterprise IT infrastructure requirements. Companies must upgrade their DCIM solutions to cater to this shift, enhancing monitoring capabilities to effectively manage the influx of data.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
223 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 26.6% |
Market growth 2025-2029 |
USD 17010.5 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
22.0 |
Key countries |
US, China, UK, Canada, India, Germany, Japan, France, South Korea, Italy, US, China, UK, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Data Center Infrastructure Management (DCIM) Solutions Market offers advanced features such as data center visualization for improved IT asset management, hardware lifecycle management for optimizing resources, and energy consumption reduction through operational efficiency gains and capacity optimization strategies. Additionally, DCIM solutions provide risk mitigation planning, IT service continuity, real-time alert systems, and remote management capabilities. Other benefits include infrastructure cost reduction through floor space optimization, power distribution unit and environmental control system efficiency, network and storage performance monitoring, server utilization rate and virtual machine density optimization, cooling system optimization, uptime improvement initiatives, security vulnerability assessments, and access control policies.
The Data Center Infrastructure Management (DCIM) Solutions market is a significant segment within the broader IT infrastructure services industry. DCIM solutions encompass software for integrating and managing data center hardware, power usage effectiveness tools, thermal management systems, and capacity planning tools. These solutions enable businesses to optimize their data center operations, reduce energy consumption, and enhance overall IT efficiency. The DCIM market size is calculated based on the combined revenue generated by companies specializing in the development and implementation of these advanced technologies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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