Data center infrastructure management (DCIM) is a suite of solutions allowing efficient monitoring and management of a datacenter in terms of the optimization of data center space, power consumption, and cooling. The demand for DCIM is expected to increase in the coming years owing to the growing awareness of energy efficiency and the impact of government regulations in respective regions.The growing number of data centers in the North American and European regions is expected to increase the adoption of DCIM solutions in these markets.
Albany, NY -- (SBWIRE) -- 05/05/2017 -- The global data center infrastructure management (DCIM) market is likely to witness an exceptional surge in the near future, thanks to the massive amount of data being generated due to the escalating usage of internet across the world.
According to Transparency Market Research (TMR), the global DCIM market is likely to increase from US$0.52 bn in 2015 to a value of US$2.85 bn by 2024, expanding at a healthy CAGR of 21.10% during the period from 2016 to 2024.
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Presence of Large Pool of Players to Ensure North America's Dominance
North America, South America, Asia Pacific, Europe, and the Middle East and Africa are the prime regional market for DCIM across the world. North America has been leading the overall market on account of the presence of a massive number of existing data centers and a large pool of DCIM solution providers. Thanks to the advancing IT infrastructure in developed countries, the region is expected to retain its leadership over the forthcoming years.
The market for DCIM solutions is also expected to witness a strong rise in Europe and Asia Pacific over the next few years. Supported by the growing awareness pertaining to green data centers, Europe is estimated to rise at a CAGR of 19.30% during the period from 2016 to 2024. On the other hand, the market in Asia Pacific is projected to gain significantly from the growth of the IT and service industries in this region. In addition, the Middle East and Africa and South America are anticipated to report steady growth in their share in the global DCIM market.
IT Asset Management Solutions to Gain US$1.4 bn by 2024 in Revenues
Facility management, IT asset management, consulting and several other services are the key solutions provided by DCIM vendors all over the world. Of these, the demand for IT asset management solutions is higher than other solutions, reflecting greatly on their sales, which is likely to cross US$1.48 bn by 2024.
DCIM solutions are widely utilized in the banking, financial services, and insurance (BFSI), telecom, information technology (IT), healthcare, and retail industries. DCIM solutions are witnessing the most prominent demand from the IT industry. The increasing amount of unstructured data is likely to ensure a strong demand DCIM solutions in this sector even in the forthcoming years.
Demand for IT Assets to Remain High in Near Future
DCIM software, IT asset, cooling, and power components are the main components of the worldwide DCIM market. Among these, the IT assets segment has been leading the global market and is expected to remain dominant over the next few years. However, the demand for DCIM software is projected to witness a strong rise across the world in the coming years.
Browse the full Global Data Center Infrastructure Management (DCIM) Market report at: http://www.mrrse.com/data-center-infrastructure-management-market
Cormant Inc., Rackwise Inc., Altron a.s, Panduit Corp., Commscope Inc., Sunbird Software Inc., Johnson Controls Inc., Nlyte Software Inc., ABB Ltd., FNT GmbH, Siemens AG, IBM Corp., CA Technologies Inc., Eaton Corp. Plc, Emerson Network Power Inc., and Schneider Electric SE are some of the leading participants in the global DCIM market.
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