The high penetration of the Data Center Infrastructure Management (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.
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 Data Center Infrastructure Management (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.
The end-use segmentation of the Data Center Infrastructure Management (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 patient’s records can be exchanged and accessed by the authorized personnel even if they are separated over a large geographical area.
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The IT & Telecom segment is the largest consumer of the DCIM market. IT players, such as Google and Facebook, manage large amounts of consumer data and have data centers situated across the world. These solutions and services allow the organizations to exercise better control over their virtual and physical assets and focus on the reduction of operational costs by maximizing the output from the allocated resources.
The U.S. has for long been a strong revenue ground for DCIM industry due to the advanced broadband infrastructure in the country combined with the large adoption of data centers across various sectors in the nation. With the country being a hub for technology development and encompassing a populace that earnestly embraces novel tech advancements, U.S. is expected to dominate DCIM market over 2018-2024. However, with increased focus on the promotion of Green IT, the U.S. government launched the Federal Data Center Consolidation Initiative (FDCCI) aimed at reducing hardware, software and operational costs. In addition, the move focused toward the shifting of IT investment to computing platforms that are more efficient. Despite a projected dominant growth graph, U.S DCIM industry may slow down a tad bit owing to the fact that the effort taken to reduce energy and real estate footprint has caused the closure of data centers.
On the other end of the spectrum are countries in Asia Pacific that are encouraging the widespread growth of the regional DCIM industry through funding data centers. For instance, the Ministry of Industry and Information Technology of China is aiming at the extension of connectivity across the country, on the grounds of which it has commenced the issuance of Internet data center licenses to meet the increased demand of data centers in the country.
High cost of developing software and the need of specialized staff may set out to be hindrances for the steady growth of the DCIM market. But with the availability of highly trained yet cheap labor, especially in the Asia Pacific region, such impediments for this vertical can be overcome. As DCIM technologies will continue to mature, the return of investment on such products can offset the high cost of deployment entirely. Above all, the sheer necessity to plan the present and future data center capacities with a clear picture of how much space, power and cooling is required have made DCIM an important part of the expanding electronics sector. As the demand for these products from various domains continues to surge and a level of cost-effectiveness is brought about in the production, DCIM market share will grow at a CAGR of 20% over 2018-2024.
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.