The global market for data center infrastructure management (DCIM) solutions is set to grow by $13.71 billion between 2024 and 2028, according to Technavio. The market is expected to grow at a compound annual growth rate (CAGR) of over 26.06% during the forecast period. This growth is driven by an increased focus on energy management and green initiatives, with a trend towards high adoption of IoT, integrated sensors, and edge computing. However, initial investments in infrastructure and related requirements pose a challenge. Key players in the market include ABB Ltd., BGIS Global Integrated Solutions, Broadcom Inc., Carrier Global Corp., Cisco Systems Inc., CommScope Holding Co. Inc., Device42 Inc., Eaton Corp. Plc, FNT GmbH, Huawei Technologies Co. Ltd., Legrand SA, Modius Inc., Panduit Corp., Rackwise Inc., RF Code Inc., Schneider Electric SE, Siemens AG, Sunbird Inc., Unisys Corp., and Vertiv Holdings Co.
This DCIM solutions market report extensively covers market segmentation by:
End-user
Large enterprises
Small and medium enterprises
Application
Asset and capacity management
Energy management
Energy and cooling management
Network management
Geography
North America
APAC
Europe
Middle East and Africa
South America
Growth Driven by Energy Efficiency and Modernization
The DCIM solutions market is experiencing significant growth as data centers prioritize energy efficiency and optimization initiatives. DCIM offerings provide a holistic visibility into disparate applications, monitoring systems, and critical infrastructure, enabling IT and facility operators to make informed decisions about their data centers. DCIM modernization is complementing new technologies like IoT sensors and AI to enhance asset management and operational efficiency.
Market Challenges and Opportunities
Despite successful implementation of DCIM solutions, challenges such as data accuracy due to manual data input and typographical errors exist. It is crucial for DCIM solutions to address these issues to provide reliable data for decision-making processes and ensure infrastructure availability.
Regional Analysis and Segmentation
The adoption of DCIM solutions varies by region, with North America, APAC, and Europe leading the implementation of these technologies. In terms of application, energy management and network management are key focus areas. Large enterprises have been the primary end-users of DCIM solutions, although small and medium enterprises are also adopting these technologies to enhance efficiency and reduce operational costs.
Market Providers and Trends
Leading providers like Rackwise, Hyperview, Sunbird Software, and Nlyte Software are offering solutions in asset management, energy efficiency, and cooling analytics. A hybrid approach, combining Software as a Service (SaaS) and on-premises DCIM solutions, is catering to organizations’ diverse needs. With a focus on energy efficiency, carbon emission reduction, and cloud computing growth, DCIM solutions are significantly contributing to data center optimization.
Future Outlook
The DCIM solutions market is poised for robust growth, driven by the need for energy efficiency and infrastructure optimization in data centers. With ongoing modernization and adoption of new technologies, DCIM solutions are expected to remain essential for IT administrators looking to optimize their data centers and reduce operational costs.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide practical insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
For more information, visit Technavio.