The Global Data Center Infrastructure Management (DCIM) Market is anticipated to surpass USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc. The high penetration of the DCIM market is strongly aided by the increase in environmental and data security regulations put forth by governments of various economies to lower the power consumption through conventional sources and reduce the overall detrimental effect on the environment. Data centers consume large amounts of electricity and are required to be constantly cooled to work effectively without developing any faults.
The adoption of DCIM market is fueled by the ability of solutions to provide high cost savings to an organization. Organizations invest heavily in technologies that provide them with substantial cost savings in the following years and subsequently provide a competitive advantage. Additionally, these also aid in effective resource handling, capacity planning, and demand management. The integration of these technologies can aid in reducing the overhead management costs, reducing energy wastage, and providing a very high ROI over its lifespan. They are also instrumental in reducing the time to identify faults, further aiding in the higher growth of the market.
The end-use segmentation of the DCIM market indicates that the healthcare sector is anticipated to witness a substantial growth as opposed to the other sectors. Medical professionals are increasingly adopting cloud solutions that will allow them a fast access to a vast storage of information at any interval of time.
The key players operating in the DCIM market are Nlyte, Raritan, Inc., NTT DATA, Schneider Electric, Delta Electronics, Inc., Huawei Technologies Co., CommScope, Inc., Sunbird Group, Vertiv Co., Tech Mahindra, and Unisys Corporation.
