The data center infrastructure management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Data Center Infrastructure Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The data center infrastructure management market size has grown exponentially in recent years. It will grow from $3.24 billion in 2023 to $4.02 billion in 2024 at a compound annual growth rate (CAGR) of 23.8%. The growth in the historic period can be attributed to growing demand for data centers, capacity planning and optimization, cost management and operational efficiency, asset lifecycle management, regulatory compliance..
The data center infrastructure management market size is expected to see exponential growth in the next few years. It will grow to $9.85 billion in 2028 at a compound annual growth rate (CAGR) of 25.1%. The growth in the forecast period can be attributed to sustainability and green computing, data center modernization initiatives, composable infrastructure trends, regulatory emphasis on data privacy, predictive maintenance strategies.. Major trends in the forecast period include adoption of cloud-based dcim solutions, edge data center management, real-time monitoring and reporting, remote management and automation, visualization and reporting tools for decision-making..
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Scope Of Data Center Infrastructure Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
An increase in data center IP traffic is expected to propel the growth of the data center infrastructure management market in the forecast period. There has been an exponential increase in internet usage and IP traffic in data centers across the globe due to the pandemic and people working from home. According to Vxchange, a US-based company that offers data centers and colocation services, data center IP traffic is predicted to reach 20.6 zettabytes (ZB) by the end of 2021. Another report published by Cisco Systems in December 2022, states that the annual IP traffic in data centers is projected to reach 19,509 exabytes (EB) by the year 2023. Thus, the surge in data center traffic is expected to boost the data center infrastructure management market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The data center infrastructure management market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Model: On-Premises, Cloud
3) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises
4) By End-User: BFSI, Energy, Government, Healthcare, Manufacturing, IT And Telecom, Other End Users
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Regional Insights –
North America was the largest region in the data center infrastructure management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data center infrastructure management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the data center infrastructure management market report are ABB Ltd., Cisco Systems Inc., Commscope Inc., Dell Inc., Hewlett Packard Enterprise, IBM Corporation, Modius Inc., Panduit Corporation, Raritan Inc., Schneider Electric SE, Siemens AG, Vertiv Group Co., Nlyte, Delta Electronics Inc., Rittal GmbH & Co. Kg, Stulz GmbH, Microsoft Corporation, ITRACS Corp., VMware Inc., Lenovo Group Ltd., Oracle Corporation, NetApp Inc., Huawei Technologies Co. Ltd., Device42 Inc., Sunbird Software Inc., SynapSense Corp., Fieldview Solutions, NTT Data Corporation, Optimum Path Inc., Nlyte Software, FNT Software, Eaton Corporation, Cormant Inc.
Table of Contents
1. Executive Summary
2. Data Center Infrastructure Management Market characterstics
3. Data Center Infrastructure Management Market Trends And Strategies
4. Data Center Infrastructure Management Market – Macro Economic Scenario
5. Global Data Center Infrastructure Management Market Size And Growth
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31. Global Data Center Infrastructure Management Market Competitive Benchmarking
32. Global Data Center Infrastructure Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Data Center Infrastructure Management Market
34. Data Center Infrastructure Management Market Future Outlook and Potential Analysis
35. Appendix
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