DCIM Market Poised for Impressive Growth with a CAGR of 15.8% by 2033

The global DCIM market is expected to grow at an astounding rate between 2023 and 2033. The global market is expected to exceed a valuation of US$ 3,540.4 million in 2023, according to a research report published by Future Market Insights.

The global DCIM market is expected to grow at a 15% CAGR, reaching US$ 13.5 billion by 2032, up from US$ 2.8 billion in 2021.

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.

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.

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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.

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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.

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.

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