Latest News- Data Center Infrastructure Management (DCIM) Solutions Market: Large enterprises is expected to lead the End-user segment during 2024-2028

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 26.06% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 13718.4 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 involve connecting vast quantities of remote assets to existing infrastructure systems, generating massive data volumes. DCIM solutions can effectively monitor and manage thermal, power, and cooling, and network infrastructure for these data centers, processing data through IoT sensors. Vendors must adapt to enterprise IT infrastructure evolutions by enhancing DCIM solutions' monitoring capabilities to accommodate the expanding IoT and sensor landscape. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Large enterprises
  • Small and medium enterprises
• Application
  • Asset and capacity management
  • Energy management
  • Power and cooling management
  • Network management
• Deployment
  • On-premises
  • Cloud
• Component
  • Solution
  • Service
• Vertical
  • IT & Telecom
  • BFSI (Banking, Financial Services, and Insurance)
  • Healthcare
  • Government
  • Colocation Providers
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
    • Egypt
  • South America
    • Brazil
    • Argentina

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased focus on energy management and green initiatives
• Increasing number of data center hyperscalers and colocation providers
• Reduced OPEX and enhanced capacity planning

However, the market also witnesses some limitations, which are as follows:

• Investments in initial infrastructure and related requirements
• Hybrid IT environment is leading to complexities in license management
• Integration of APIs

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Market Scope in Data Center Infrastructure Management (DCIM) Solutions Market Research Report

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Research Analysis Overview

Data Center Infrastructure Management (DCIM) solutions have become essential for ensuring infrastructure availability and efficient operations in data centers. These solutions provide administrators with holistic visibility into the physical environment, enabling them to make informed decisions about critical infrastructure. On-premises DCIM offerings from companies like Nlyte Software, Sunbird Software, Hyperview, and Rackwise help manage assets, configuration, and monitoring systems, reducing the reliance on manual data and transcription. Facility operators and IT teams can benefit from DCIM solutions by gaining real-time insights into energy usage, identifying bottlenecks, and optimizing operations. New technologies like AI and machine learning are supplementing DCIM offerings, enhancing data accuracy and automating configuration management. However, typographical mistakes and disparate applications can hinder the effectiveness of DCIM solutions. Therefore, it is crucial to ensure data accuracy and compatibility between systems to maximize the benefits of DCIM. Energy efficiency and optimization initiatives are significant drivers for DCIM adoption, making it a critical infrastructure investment for modern data centers.

Market Research Overview

The Data Center Infrastructure Management (DCIM) solutions market is a segment of the expansive global Internet services and infrastructure market. This market encompasses businesses providing specialized services and infrastructure for managing and optimizing data center operations. DCIM solutions offerings fall under the infrastructure services category within the larger IT services market, which also includes IT consulting and system integration, application services, electronic data processing, business process outsourcing, and Internet services. The global Internet services and infrastructure market, as calculated by Technavio, represents the combined revenue of companies engaged in the provision of various Internet services and infrastructure, including data centers, cloud networking and storage, hosting, IT security, and cloud computing.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/