Slightly traditional data center management has taken leap towards advanced datacenter infrastructure management. Briefly known as DCIF, this management approach is the extension of datacenter and networks management and it facilitates seamless system monitoring. Ideal for improving system performance and energy efficiency, datacenter infrastructure management has become the need of the hour in today’s growing information technology sector. Growth in cloud computing and innovative techniques in IT industry is driving the global data center infrastructure management market.
DCIM Market Drivers
Apart from rising demands for these solutions, the global DCIM market is driven by consolidation of datacenters, rising number of IT systems, cloud computing, virtualization, heat densities and increasing power consumption. The global market is capitalizing on rising demands for datacenter virtualization, optimization of operational costs and emergence of private clouds. Businesses are spending more time in innovating new technologies to reduce energy consumption and cost of ownership. All these innovations have increased the prospects of growth and business opportunities in the industry.
Segmentation in the market is influenced by the types of DCIM, demands based on geographical regions and requirements from different business verticals. Based on the types, data center infrastructure management market is divided into two types, namely, services and software. Various business verticals including retail, consumer goods, banking, finance services and insurance, telecommunication, information technology and healthcare popularly use these services. Based on geographical regions, the global industry is divided into five sections, namely, Europe, Asia Pacific, Africa and Middle East, Latin America and North America.
Researchers have performed detailed study with respect to the demand patterns, market drivers, latest industry trends and future business prospects. Based on a thorough study concluding market conditions from 2012 to 2017, the global DCIM industry is aiming to make remarkable progress. According to the same reports, the data center management market is expected to grow at a whopping CAGR of 47.33%. At this rate, the market is anticipated to breeze past $3.14 billion by the end of 2017. It means that from 2012 to 2017, global industry is poised to capitalize on the existing solutions in order to create exciting prospects in terms of revenue and growth.
Based on business verticals, telecommunications is expected to be the dominating segment in the industry. As of 2013, banking is the leading segments, which is expected to be taken over by telecommunication services. According to the geographical and regional demands, Asia Pacific region is expected to bring in more profit in terms of rising market traction. APAC region has the potential to become the biggest global DCIM market from 2012 to 2017, which is a great sign for the investors looking for business prospects in this region.