Title: Data Center Infrastructure Management Market to cross $3bn by 2024
1Data Center Infrastructure Management Market
Trends Growth Forecast Research 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Data Center Infrastructure
Management Market
- Data Center Infrastructure Management Market was
estimated at over USD 800 million in 2017, and is
set to exceed USD 3 billion by 2024 according to
a new research report by Global Market Insights,
Inc. The high penetration of the DCIM market is
strongly aided by the increase in environmental
and data security regulations put forth by
governments of various economies to lower the
power consumption through conventional sources
and reduce the overall detrimental effect on the
environment. Data centers consume large amounts
of electricity and are required to be constantly
cooled to work effectively without developing any
faults. - The National Resources Defense Council (NRDC)
noted that by 2020, the data center power
consumption is projected to increase to
approximately 140 billion kilowatt-hours
annually.
3Continued...
- The data center infrastructure management (DCIM)
market technology is highly beneficial in
tracking consumption, mitigating companies
carbon footprints and identifying locations of
higher usage and power leakages. Additionally,
these software solutions and services also aid in
managing the various facilities infrastructure
and are designed to accommodate future changes in
the infrastructure. - The adoption of DCIM market is fueled by the
ability of these solutions to provide high cost
savings to an organization. Organizations invest
heavily in technologies that provide them with
substantial cost savings in the following years
and subsequently provide a competitive advantage.
Additionally, these also aid in effective
resource handling, capacity planning, and demand
management. The integration of these technologies
can aid in reducing the overhead management
costs, reducing energy wastage, and providing a
very high ROI over its lifespan. They are also
instrumental in reducing the time to identify
faults, further aiding in the higher growth of
the market.
4U.S. data center infrastructure management (DCIM)
market size, by solution, 2017 2024 (USD
Million)
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6Continued...
- The segmentation of the DCIM market by component
indicates that the services segment is
anticipated to witness a significant growth of
over 16 percent. The increase in outsourcing
activities, primarily in companies operating in
the North American region, is contributing
heavily to the growth of the managed segment of
the market. Companies can obtain high cost
savings by outsourcing management solutions to
third-party entities that have an in-depth
knowledge as opposed to appointing a focused
in-house team. - The consulting segment of the data center
infrastructure management (DCIM) market market is
also anticipated to witness a significant growth
as companies are increasingly focusing on
installing data centers but lack adequate
information pertaining to their space and energy
requirements which can be released through the
aid of a service provider.
7Continued...
- The end-use segmentation of the DCIM market
indicates that the healthcare sector is
anticipated to witness a substantial growth as
opposed to the other sectors. Medical
professionals are increasingly adopting cloud
solutions that will allow them a fast access to a
vast storage of information at any interval of
time. For instance, in cases where a patient has
changed doctors or locations or in cases where a
second opinion is required for diagnosis and
treatment, a patients records can be exchanged
and accessed by the authorized personnel even if
they are separated over a large geographical
area. - The rising instances of cyber-attacks and breach
of security in data centers are contributing
heavily to the proliferation of these
technologies in the North America data center
infrastructure management (DCIM) market market.
The average cost of data center attacks in the
U.S. was estimated to be over USD 4 million. The
adoption of DCIM can reduce the instances of such
attacks through the installation of security
management solutions
8Industry Coverage
9Continued...
- The increasing government investments in the
improvement of the broadband infrastructure in
regions including China and India are creating a
platform to streamline the DCIM market growth in
the coming years by allowing a rising number of
companies situated in underserved and rural
locations to have access to these solutions. For
instance, in 2014, the Chinese government
proposed to invest USD 182 billion to improve the
internet speed in the country by 2017 to move the
country toward a service-driven digital economy. - The players operating in the DCIM market include
Nlyte, Raritan, Inc., NTT DATA, Schneider
Electric, Delta Electronics, Inc., Huawei
Technologies Co., CommScope, Inc., Sunbird Group,
Vertiv Co., Tech Mahindra, and Unisys
Corporation. Companies operating in the DCIM
market are required to adopt strategies such as
partnerships, acquisitions, and new service and
software solutions to sustain growth in the
global marketplace.
10Table Of Content (TOC-)
- Chapter 1. Methodology and Scope
- 1.1. Methodology
- 1.1.1. Initial data exploration
- 1.1.2. Statistical model and forecast
- 1.1.3. Industry insights and validation
- 1.1.4. Definition and forecast parameters
- 1.2. Data Sources
- 1.2.1. Primary
- 1.2.2. Secondary
- Chapter 2. Executive Summary
- 2.1. DCIM industry 3600 synopses, 2013 - 2024
- 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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