Data Center Infrastructure Management Market Projected to Gain Significant Value by 2026
Category: #business  By Ronak Bora  Date: 2022-06-16
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Data Center Infrastructure Management Market Projected to Gain Significant Value by 2026

The data center infrastructure management market is likely to register favorable growth over the forthcoming time period owing to the increasing adoption of advanced techniques for efficient infrastructure management. This is in turn fueled by the immensely growing data center industry across the globe.

In fact, rapid data center and associated infrastructure development projects are being witnessed across developing and developed economies. This growth is spurring the demand for more advanced solutions of asset management that can allow authorities to effectively monitor various aspects of the data centers within a unified platform.

Presently, various market players are focusing on mergers, strategic partnerships, acquisitions, and regional expansion to diversify their revenue streams and consolidate their industry standing. Citing an instance, in November 2020, Eaton, reportedly teamed up with the University of Zagreb to aid customers in better using small data centers. Eaton partnered with the Faculty of Electrical and Computer Engineering on the IDEAS (Immersive Datacenter ExplorAtion and Supervision) backed by EU.

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This project would let data centers benefit substantially from the value addition of DCIM solutions at a portion of the cost and intricacy of present day. The data center monitoring software comes out of the MANGO project of the EU, which aims on optimizing energy usage at large data centers.

GMI, Inc., estimates that the data center infrastructure management market would surpass a $5 billion valuation by 2026.

Below are some of the key trends that are likely to influence DCIM industry growth:

Initiation of 5G across various countries

In terms of end-use, the IT & Telecom segment is expected to witness substantial growth over the coming years. The growing IT & telecom industry, with the start of the rollout of 5G across numerous countries is encouraging a greater number of people to use digital services. This has further led to an increase in the demand for top-quality data center infrastructure for both data management and storage. As such, 5G rollout would be one of the most prominent factors that would be bringing lucrative business growth to the data center infrastructure management market.

Increasing demand for advanced security management solutions

With respect to component, security management segment will witness considerable growth over the coming years. The increasing number of breaches related to data security over the past few years has urged authorities to employ advanced security management solutions to make sure customer confidentiality and data privacy is maintained. Cyber-attacks might compromise essential information, posing a serious threat for government administrations. These management solutions allow data center operators to make sure that the data is safe and secure from potential cyber-attacks. While data centers store sensitive information for government organizations, security management solutions will bring in more customers to the market by ensuring more reliability.

Expanding cloud data center industry in North America

On the geographical front, the growing cloud data center industry across North America is expected to drive strong demand for infrastructure management solutions. Key players are effectively expanding their data center capabilities in the region in order to reinforce their industry presence. Citing an instance, in July 2020, Trend Micro, a leading provider of cybersecurity solutions, reportedly opened its first ever data center in Canada.

Likewise, in May 2020, Compass Datacenters, LLC reportedly bought land for its first Toronto-based campus. Located in Etobicoke, the campus is 15kms from the largest carrier hotel in Canada. The first building is likely to support 30 megawatts of critical IT load with the first 10 megawatts having been planned to be complete by the Q3 of 2020.

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Meanwhile, back in April of 2020, Sunbird Software, a leading data center management software provider, reportedly announced the general availability of its newest DCIM software. The new dcTrack 7.1 software includes complete support for DC - 48 Volt power chain objects as well as calculations. The software also comprises of support for power plant rectifies, fuse alarm panels, battery strings, and battery distribution bays. It also includes novel dashboard widgets for business intelligence and zero-configuration analytics and the most essential data center KPIs.

Such data center infrastructure management market player activities, as a response to rapidly escalating consumer demand, is indicative towards the anticipated revenue growth the market would be witnessing over the forecast timeframe.

Delta Electronics Inc., Stulz GmbH, Modius Inc., Dell Inc., Schneider Electric SE, ABB Ltd., Siemens AG, Hewlett Packard Enterprise, Rittal GmbH & Co. Kg, Commscope Inc., IBM Corporation, Vertiv Group Co., Panduit Corporation, Raritan Inc., and Cisco Systems Inc. among others are some of the key players operating in the DCIM market.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Scope & definitions

1.2    Methodology and forecast parameters

1.3    Data sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    Data center infrastructure management market 3600 synopsis, 2015 – 2026

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Component trends

2.1.3.1    Solution trends

2.1.3.2    Service trends

2.1.4    End-use trends

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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