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 (Col

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, 2023 - 2032

Data Center Infrastructure Management (DCIM) market is anticipated to witness robust growth between 2023 and 2032, primarily owing to the rapid expansion of green data centers in Europe and North America.

Besides, the development of infrastructure to support internet and broadband connectivity in developing countries will also drive the market demand. For instance, in January 2023, the United States Trade and Development Agency announced offering grants to an internet service provider. The fund would be used to conduct a feasibility study aimed at taking broadband connectivity to more than 30 million people in peri-urban and rural communities in India.

Overall, the data center infrastructure management (DCIM) market has been segmented in terms of component, end-use, and region.

On the basis of the component, the data center infrastructure management (DCIM) market is likely to be characterized by the services segment. The rapid segmental expansion will be driven by the increasing use of data centers, which are used to ensure an uninterrupted supply of services such as managed and professional, which in turn has led to surging demand for large and complex IT infrastructures. According to the State of the Data Center Report, 2021, a survey regarding the rapid expansion of building, renovation, and management of data centers revealed that 48% of the responders accepted building new data centers over the next 1 to 3 years.

In the context of end-use, the energy segment is anticipated to be valued at more than USD 450 million by 2032. Data transmission networks and data centers are increasingly playing a pivotal role as a source of energy consumption due to rapidly expanding digitization. This has led major power companies to work with reliable data center partners to improve high-speed computing, data transmission, data processing, and backup efficiencies, which will drive the market demand during the next decade.

In the regional context, the DCIM market in Europe is anticipated to attain more than 20% CAGR by 2032. The regional market growth will be attributed to the increasing demand for updated and efficient IT-based technologies in developed economies such as Germany and the United Kingdom. Moreover, the ongoing penetration of constant tech innovations such as cloud computing, autonomous vehicles, advanced robotics, and the Internet of Things, has boosted the requirement for cutting-edge computing solutions in the continent.