The numerous players in the global DCIM market represent a fragmented competitive landscape, despite prominent players accounting for more than half of global share.
That’s according to new analysis from Transparency Market Research, who is expected the global data center infrastructure management market to reach US$ 2,859.3 million by 2024.
According to the analyst firm, prominent players including Emerson Network Power, Schneider Electric, Panduit, Johnson Controls, Siemens AG, Commscope, Nlyte Software, FNT GmbH, Eaton, PLC and CA Technologies together account for a 50% share in the global DCIM market for 2015.
The opportunity in the global DCIM market stood at US$529.5 million in 2015 and is likely to be worth US$2,859.2 million by 2024, registering a strong CAGR of 21.1% from 2016 to 2024, TMR says.
According to the analysis, IT asset management led the market. This segment generated US$253.7 million in terms of revenue in 2015 and is expected to reach US$1,480.8 million by 2024. The segment is also projected to emerge as the most rapidly developing solution type, registering a 22.2% CAGR during the forecast period.
TMR believes the rivalry among existing companies in the DCIM market is presently high as leading players are acquiring smaller enterprises to gain market share.
New product development, business partnerships, and diversification are also key strategies adopted by the leading companies to remain competitive.
“For example, in 2015, Emerson Electric Company announced the launch of its spinoff Emerson Network Power,” TMR says.
“This not only strengthened its thermal and infrastructure management solution portfolio but also provided a significant boost to its portfolio of DCIM solutions.”
Government Regulations Compelling Establishment of Green Data Centers
TMR says the surging usage of internet across the globe has resulted in the generation of massive amounts of data, which in turn, has driven the growth of data centers.
“Most data centers operate round the clock and consume significant amounts of energy for lighting, cooling, heating, and IT equipment,” it explains.
“Data centers today are prompted to curb energy consumption and optimise efficiency and DCIM solutions have fulfilled this very demand.”
TMR says this is one of the key factors fuelling the data center infrastructure management market.
The market is also anticipated to be driven by the rise in government regulations pertaining to carbon emissions.
"Governments around the world have been paying increased attention to the alarming rise in carbon emissions and are enforcing regulations to drive companies to build and use green data centers," TMR says.
The analyst firm believes the DCIM market is projected to benefit from this emerging trend in the coming years.
“On the down side, the lack of expertise and awareness regarding the benefits of DCIM solutions are likely to inhibit the growth of the global market,” TMR adds.
“High initial investment also acts as a barrier for several small-to-medium enterprises.”
Opportunity in Global DCIM Market to Near US$3 billion by 2024
On the basis of component, the IT assets were the key contributors to the DCIM market and will continue their lead through 2024, according to the forecast.
DCIM software, on the other hand, will exhibit strong growth over the course of the forecast period. The IT sector was the leading industry vertical using DCIM solutions while the healthcare sector will register remarkable growth.
Geographically, North America is not only the leading segment in terms of revenue but will also emerge as the fastest expanding regional segment by the end of the forecast period.