Data Center Infrastructure Management (DCIM) Market Revenue to Reach US $2,859.2 Mn by 2024: Technology Advances Will Drive Growth Near Future

As per the projections of the TMR report, the demand in the global data center infrastructure management market will increment at an impressive CAGR of 21.1% during the forecast period of 2016 to 2024.


Albany, NY -- (SBWIRE) -- 12/20/2017 -- The report has evaluated that the opportunities in the DCIM market, across the globe, were worth merely US$529.5 mn in 2015, and estimates it to reach a valuation of US$2,859.2 mn by the end of 2024.

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.

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This research report provides an in-depth analysis of the global DCIM market based on solutions, components,industry verticals,and geography. The global DCIM market is categorized based on solution types into IT asset management, facility management &consulting, and other services. IT asset management solutions held the leading share in 2015. The combined growth of IT assets and DCIM software is expected to contribute to the growth of IT asset management solutions segment over the forecast period. The IT asset software segment is expected to account for the leading market share among all the other types of components considered. However, the segment of DCIM software is expected to expand at the highest CAGR from 2016 to 2024. Furthermore, the report provides complete insights into different DCIM components through component segmentation, which includes IT asset, DCIM software, power, cooling, and others. The industry verticalsfor the globalDCIM market are banking, financial services &insurance (BFSI), information technology, telecom, healthcare, retail, and others. The report analyzes each of these segments for the various geographies considered under the scope of the study.

Based on geographical regions, the report segments the global DCIM market into North America, Europe, Asia Pacific, Middle East &Africa (MEA), and South America, which are analyzed in terms of revenue generation. North America is further segmented into the U.S. and Canada, while Europe is divided into the U.K. and Germany. Asia Pacific is subdivided into China and India. Also, MEA is further segmented into South Africa and the UAE, while South America is subdivided into Brazil and Argentina. The report further provides a cross-segmentation analysis of the segmentation as per the countries. Europe is anticipated to maintain a consistent market share during the forecast period owing to growing awareness regarding green data centers and the subsequent demand for the same over the forecast period.

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The Europe DCIM market is projected to expand at a CAGR of 19.3% from 2016 to 2024. Due to the growth of the IT and service sectors, Asia Pacific is expected to remain a fairly attractive market for DCIM solutions in the coming years. Countries such as China and India are expected to witness a significant adoption of DCIM-based solutions

The report also provides an analysis ofthe factors that drive and restrain the growth of the DCIMmarket. It discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the global DCIM market. It provides market estimates and forecasts for all the segments in terms of revenue.Also provided in the report is the market share of key players by IT asset management, facility management, pure player and overall DCIM market. The report also provides industry evolution, data center overview, service agreement analysis, value chain analysis, and Porter's Five ForcesAnalysis for the global DCIM market.

Major business strategies adopted by key players, their SWOT analysis, and competition matrix have also been identified in the research report. The key market players profiled in this study include Emerson Network Power, Inc., Schneider Electric SE, Eaton Corp. PLC, IBM Corp., CA Technologies, Inc., Siemens AG, ABB Ltd., FNT GmbH, Johnson Controls, Inc., Nlyte Software, Inc., Sunbird Software, Inc. (Raritan, Inc.), Panduit Corp., Commscope, Inc., Altron a.s.,Cormant, Inc., and Rackwise, Inc.

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Global DCIM Market

By Solution

IT Asset Management
Facility Management
Consulting and Other Services

By Component

IT Asset
DCIM Software

By Industry Vertical

Banking, Financial Services, and Insurance (BFSI)
Information Technology
Health Care

By Geography

North America
Asia Pacific
Middle East and Africa
South America