Data Center Infrastructure Management (DCIM) Market Size By Component (Solution [Asset Management, Network Management, Cooling Management, Power Management, Security Management], Service [Installation & Integration, Managed, Consulting]), By End-Use (Colo

Data Center Infrastructure Management (DCIM) Market Size By Component (Solution [Asset Management, Network Management, Cooling Management, Power Management, Security Management], Service [Installation & Integration, Managed, Consulting]), By End-Use (Colocation, BFSI, Energy, Government, Healthcare, Manufacturing, IT & Telecom), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The data center infrastructure management (DCIM) market is poised to register commendable growth over the forecast period. This growth is credited to increasing threats to IT facilities, and data center facilities, which have encouraged organizations to integrate impactful data management technologies.

The growing trend of data virtualization has impacted data center facilities in North and South America. This technology extends the ability of the central repository for storage, hosting, monitoring, networking, deployment, computing, and data management. Many organizations find it cost-effective to deploy and test data virtualization across IT facilities owing to the rising demand for many advanced software solutions and technologies, escalating DCIM market demand.

A good DCIM system can effectively monitor, manage, and measure data center parameters. Some companies are developing state-of-the-art products that offer advanced services.

For instance, Huawei has designed DCIM solutions in NetEco 6000 to facilitate device visualization by offering a digital monitoring pathway to quickly search and visualize real-time running parameters of different devices and assess device health.

However, the data center infrastructure management industry may encounter roadblocks due to a dearth of highly skilled employees experienced in handling and managing these technologies.

DCIM solutions need trained professionals to manage and deliver regular updates necessary for its effective functioning. This causes organizations to incur high training costs to cater to these demands, which may deter the adoption of data management systems.

The data center infrastructure management (DCIM) market is bifurcated in terms of component, end-use and region.

Based on component, the data center infrastructure management (DCIM) market is bifurcated into service and solution. The service segment accounted for a 30% market share in 2021. This was attributed to substantial demand for consultation and managed services for optimum asset functioning.

Concerning end use, the industry is categorized into colocation, BFSI, energy, government, healthcare, IT & Telecom, manufacturing, and others. The government segment was valued at more than USD 200 million in 2021.

The government sector deals with sensitive and confidential data that need improved security. These organizations are facing severe security concerns which can be tackled by adopting large-scale, secured data center facilities. Furthermore, the surging adoption of digitization across government operations across the world has increased the demand for effective data management solutions.

From a regional frame of reference, the DCIM market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Europe held more than 25% of the DCIM market share in 2021, owing to a rising number of SMEs integrating advanced digital technologies.

The colocation vertical is gaining momentum in the region as medium and small-sized businesses face monetary restraints in developing new data centers. Colocation service providers are emphasizing on the deployment of effective technologies to offer customer services, thereby boosting industry demand.