Data Center Infrastructure Management (DCIM) Market Analysis, 2023-2032

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 -**

**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.

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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.

Escalating strategic moves by key market players

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.

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