Data Center Infrastructure Management Market To Witness A High Growth By 2026

Some major findings of the DCIM market report are:
‣ Increase in consumer and business applications is contributing to the growing
dominance of cloud services globally. The growing adoption of social networking,
streaming video, and internet searches along with business applications, such as
Enterprise Resource Planning (ERP), collaboration, and digital analytics applications,
are increasing data generation
‣ According to Cisco Systems, it is estimated that the global data center IP traffic will
reach 19.5 ZB by the end of 2021, up from 6.0 ZB per year in 2016
‣ Rising data traffic and the need to manage massive data & cloud resources are
encouraging companies to invest in the construction of hyperscale data centers
globally
‣ Key players operating in the industry are Vertiv Co., CommScope, Inc., Rittal GmbH
& Co., KG, STULZ GmbH, Siemens AG, Schneider Electric, Cisco Systems, Inc., CA
Technologies, and ABB Ltd.
‣ Players are focusing on the development of advanced features and functionality in
DCIM software
‣ The growing trend of virtualization impacting data centers led to the increased
demand for DCIM systems for managing IT infrastructure and physical resources for
virtualized environments
In 2018, managed services accounted for around 35% of the industry share. These services
allow businesses to manage and secure critical IT services including colocation & data
centers, Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and cloud
computing. Service providers are helping data center operators in effectively managing
resources by providing visibility and control of their inventory and IT infrastructure assets.
Moreover, outsourcing these solutions offers several benefits, such as planning &
management, enhanced power tracking, control & operational optimization, capacity
utilization, and reporting capabilities, to support global expansion.
Healthcare applications will grow at 20% CAGR over the forecast timeline due to the
increase in investments in healthcare infrastructure and the need to scale data center
capacities. This growth is largely facilitated by the increase in data collected by medical
practitioners such as the complete medical history of a patient, prescriptions & diagnosis
2 | P a g e