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DCIM Market Will Reach Valuation of US$ 13.5 Billion by 2032

DCIM Market

The global DCIM market is anticipated to grow steadily at a CAGR of 15%, from US$ 2.8 Bn in 2021 to US$ 13.5 Bn in 2032.

Gaining end-to-end visibility for predicting capacity requirements, mandatory requirements to improve data centre uptime and energy efficiency, the emergence of next-generation DCIM offerings, the mandate of the data centre optimization initiative to address critical infrastructure inefficiencies, and the need to integrate monitoring systems with disparate applications and databases for better data accuracy are some of the drivers shaping DCIM adoption.

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Many businesses across industries have adopted the work-from-home model to protect employee well-being and preserve operational efficiency, driving up demand for cloud-based solutions. As more businesses want to improve their IT infrastructure, the need for DCIM solutions will rise.

With the increasing modernization of data centres, the demand for end-to-end visibility across infrastructure has become the most difficult task for data centre operators. With the introduction of new and additional technologies, the data centre business is undergoing a substantial transformation.

DCIM is one such solution that is gradually being utilised by data centre, IT, and facility operators in order to acquire holistic insight into essential data centre infrastructure information such as operations, configuration, and resource consumption. Most businesses are rapidly dispersing their computer resources across many settings, such as cloud servers, edge data centres, and physical systems. DCIM has grown into significant infrastructure optimization software. Although some organisations have reported successful DCIM installations, the number of unsuccessful implementations cannot be underestimated.

One of the primary causes for failed installations is a significant gap between what clients want and what DCIM suppliers offer. DCIM deployment might be complicated in a data centre with several functional areas.

Asia Pacific is one of the most rapidly increasing regions in the Data Centre Infrastructure Management (DCIM) market, with significant expenditures on data centre development.  The main nations, such as China and Japan, are experiencing massive investments in sectors such as BFSI, retail, healthcare, manufacturing, telecommunications, and IT, which have resulted in APAC countries’ expansion and economic growth.

The proliferation of internet-enabled gadgets will drive up demand for data centres in this region. This surge in development has accelerated the expansion of data centre buildings in the area, which is likely to accelerate the use of Data Centre Infrastructure Management (DCIM) solutions and services.

As part of the green push, governments around the area are crafting new energy efficiency legislation ranging from carbon emission taxation to efficient electricity consumption, among other things. Such regulatory constraints necessitate the use of DCIM software to manage data centres.

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Key Takeaways: 

  • The IT asset management from the DC power supply market is expected to grow at the fastest CAGR of 12.5% in the solution sector.
  • Information technology is expected to grow at a high rate in the vertical industry sector of the DC power supply market, with a CAGR of 14.9%.
  • The market size for DC power supply in the United States is expected to reach US$ 6.8 Billion by 2032, growing at a CAGR of 17.3% during the research period.
  • United Kingdom is expected to reach a market size of US$ 421.9 Million in DC power supply by 2032, with a CAGR of 13.9% during the research period.
  • China’s DC power supply market is expected to be worth US$ 595.6 Million by 2032, with a CAGR of 14.9% over the forecast period.
  • Brazil is expected to have a market size for DC power supply of US$ 178.7 Million by 2032, with a CAGR of 13.8% during the research period.
  • By 2032, India is expected to reach a market size of US$ 334 Million in DC power supply, with a CAGR of 13.1% during the research period.

COMPETITIVE LANDSCAPE: 

ABB Ltd., Commscope, Inc., Cormant, Inc., Eaton Corp. PLC and IBM Corp. lead the Data Centre Infrastructure Management (DCIM) market.

  • Siemens will launch the open Industrial Edge ecosystem innovative IT platform in November 2021. This allows and offers scalable IT technology and application deployment in the production environment. This also allows B2B clients to buy and manage different software components from a single platform.
  • Sunbird Software will release a new version of the dcTrack solution in October 2021. Previously, enterprise-class clients struggled to remotely administer all of their data centres, labs, units, and edge sites, where the first-generation DCIM was slow. To overcome these challenges, dcTrack has improved its scalability and tool management capabilities.

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years

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