The global DCIM market is poised for robust growth on account of rising product penetration across several industry verticals. Rapid advancements in cloud technologies and the emergence of Internet of Things have impelled businesses to improve their physical IT infrastructures and deploy new data centers.
Escalating demand for hyperscale data centers in order to administer substantial cloud resources and data as well as to manage increasing data traffic could accelerate the growth of DCIM market in the coming years. As per Cisco, the overall data center IP traffic in 2021 would go up to 19.5 ZB, surpassing 6.0 ZB per year registered in 2016.
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This growing population of hyperscale data centers is set to further propel demand for efficiently evaluating and monitoring infrastructure and components, outlining DCIM market outlook.
From a regional standpoint, increasing adoption of IoT, big data and cloud computing technologies is fueling the Latin America DCIM market outlook in recent years. Moreover, technology giants such as Google LLC and Microsoft Corporation have increased their data center construction activities across the region. Such companies are making heavy investments in data center solutions to monitor the overall operations of several high-density components and further reduce operational costs.
These solutions are highly useful as they reduce infrastructure energy consumption. Additionally, they also offer proper infrastructure maintenance that would help enterprises in enhancing their efficiency.
This growth in construction activities is creating a favorable growth ground for data center infrastructure management market in the region.
In terms of application, the healthcare sector is projected to experience massive growth due to heavy infrastructure investments in the industry. Additionally, the rising need for the scaling of data center capacities would likely be another key factor for DCIM market growth.
Latin America is poised to offer positive growth opportunities to players in the data center infrastructure management industry. The region is currently in the midst of technological evolution and is massively implementing virtual tools like IoT technology and cloud computing to improve operations of various businesses.
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Latin America is also observing a considerable growth in the number of data centers owing to the constant support from major cloud service providers such as Google LLC and Microsoft Corporation. These firms are making heavy investments to improve the adoption of DCIM solutions to lower operational costs and monitor the operations of high-density materials. DCIM aids frequent maintenance of the infrastructure and lowers energy consumption, thereby maximizing the efficiency of businesses.
The competitive landscape of the DCIM market includes CommScope, Inc., Rittal GmbH & Co., ABB Ltd, Siemens AG, CA Technologies, Cisco Systems, Inc., Schneider Electric, STULZ GmbH, KG, and Vertiv Co.
Table of Contents (ToC) of the report:
Chapter 5. DCIM Market, By End-Use
5.1. Key trends by end-use
5.2.1. Market estimates and forecast, 2015 – 2026
5.3.1. Market estimates and forecast, 2015 – 2026
5.4.1. Market estimates and forecast, 2015 – 2026
5.5.1. Market estimates and forecast, 2015 – 2026
5.6.1. Market estimates and forecast, 2015 – 2026
5.7.1. Market estimates and forecast, 2015 – 2026
5.8. IT & telecom
5.8.1. Market estimates and forecast, 2015 – 2026
5.9.1. Market estimates and forecast, 2015 – 2026
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