The global data center infrastructure management (DCIM) market size to exceed USD 20 billion by 2032 driven by the growing inclination toward cloud-based solutions in the U.S., a noticeable uptick in data and organizational analytics in Europe along with emerging virtualization trends across South America.
A recent Global Market Insights Inc. study suggests that the **global data center infrastructure management (DCIM) market size could be worth USD 20 billion by 2032. The growing inclination toward cloud-based solutions in the U.S., a noticeable uptick in data and organizational analytics in Europe, and emerging virtualization trends across South America are some notable factors driving product adoption in the coming years.
The massive growth in global data aggravated due to a commendable rise in internet usage, in line with the rapid deployment of data storage facilities like hyperscale data centers, will escalate the development of DCIM software and services.
Data center infrastructure management tools enable the virtualization of energy consumption and resource usage, helping provide data center executives with better operational efficiency over their resources, including both facility infrastructure components and IT-related equipment.
** DCIM Market Report Coverage -**
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Format
Market Size in 2022
USD 2 Billion
Value Projection by 2032
USD 20 Billion
**Compound Annual Growth Rate (CAGR) **
20%
Service component segment CAGR
20%
Solution segment in 2022
65% Market Share
Asset management solution segment in 2032
USD 7 Billion
BFSI segment size in 2032
USD 6 Billion
Asia Pacific Market in 2032
20% Market Share
No. Of Tables
345
Figures & Charts
34
No. Of Report Pages
293
Countries covered in the report
U.S., Canada, Mexico, UK, Germany, France, Spain, Poland, Benelux, China, India, Japan, Singapore, Australia, Indonesia, Brazil, Chile, Colombia, Argentina, Venezuela, Bolivia, Peru, South Africa, GCC
**Here are some major trends shaping the DCIM market outlook through 2032: **
Increasing Internet penetration
The emergence of social media platforms and the proliferation of mobile technology have significantly transformed the way the Internet is used among the masses. While social media offered a new way to communicate, mobile technology helped attain greater access to the Internet. According to the Internet Telecommunication Union's Global Connectivity Report 2022, the number of Internet users worldwide has reached an estimated 5 billion. On the other hand, the report accesses that despite this surge, about one-third of the global population lacks access to internet services, pointing out an immense growth potential that remains untapped.
An increased government emphasis on boosting the availability of high-speed internet services at nominal costs will lead to a surge in data usage, which, in consequence, will create favorable growth prospects for the DCIM market.
Accelerating deployment of green data centers
To gauze the environmental impact caused by data centers in the form of increased power consumption, GHG emissions, and electronic waste, businesses and countries worldwide are implementing measures to ensure the sustainability of their data center facilities. For instance, in July 2022, as part of its strategy to tackle climate change, Microsoft experimented a hydrogen fuel cell system rugged enough to supersede a conventional diesel backup generator at a large data center facility. Such developments will favor the deployment of data center infrastructure management solutions in the forthcoming years.
Surging incidences of cyberattacks
Cybersecurity incidents have been advancing at an alarming rate for the past few years. The data breach analysis by Identity Theft Resource Center (ITRC) reported an estimated 1,291 data breaches through September 2021, 17% up from 2020, which was 1,108. The mounting demand for large IT infrastructure, in line with the increasing dependence of enterprises on data centers for consistent professional and organized service delivery, has exposed their data to unethical sources. This will foster the adoption of DCIM services to enable data security, thus strengthening the DCIM market growth.
DCIM service providers globally have been focusing on leveraging novel technologies and offering cutting-edge innovations to their customers. They are also engaging in strategic collaboration with other firms to improve their business standing and gain a competitive edge over others.
For instance, in October 2022, PhonePe, a digital payments platform, launched its first Green Data Center in India. The firm leveraged technologies and solutions from NTT and Dell Technologies. The new facility will help Phonepe ensure power efficiency, efficient data security, cloud solutions, and ease of operations while letting the company build efficient and sustainable infrastructure.
In a gist, the DCIM market is likely to observe commendable expansion between 2023 and 2032, with digital services witnessing stronger growth than ever and the subsequent deployment of large data centers and colocation facilities across developing economies to suffice the burgeoning data storage requirements.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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One unit grants subscriber access to the DCIM market report at no cost. It covers the market analysis, forecasts, and segmentation across offering, deployment mode, data center type, end-use industry, and region. The unit is the access itself, not a per-user or per-seat measure.
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The data center infrastructure management market size is likely to cross USD 20 billion by 2032 owing to the growing inclination toward cloud-based solutions in the U.S. along with a noticeable uptick in data and organizational analytics in Europe.
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Device42 provides the data you need for intelligent migration to the cloud and clear insights into your complex hybrid IT environment to simplify daily management and service delivery. Leverage Device42s auto-discovery, application mapping, and cloud recommendation engine to get to the cloud faster and manage hybrid IT effectively.
Device42 comes with its own, automated CMDB and can auto-populate CMDBs. With this insight, you can:
Create cloud migration move groups effortlessly and automatically with affinity group dependency diagrams, which use auto-discovered infrastructure details
Enjoy instance sizing suggestions and pricing estimates for AWS from our Cloud Recommendation Engine
Get a clear and easily updated view of IT and application assets across your hybrid IT enterprise
Start your free trial today and see what Device42 can do for you at: https://www.device42.com/download/
To lean more, contact us at info@device42.com or visit www.device42.com
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