Global Data Center Infrastructure Management (DCIM) Market to Reach $2.9 Billion by 2026

DCIM, a combination of hardware and software, is designed to address a number of data center management operations from capacity planning and change management to effective allocation and utilization of resources. Data center infrastructure management (DCIM) refers to solutions designed to expand conventional functions of data center management to include both physical assets as well as related resources present in the IT and Facilities domain. The COVID-19 pandemic has been a watershed moment for datacenters where consumers are increasingly becoming more aware about the relevance of data latency and storage. With the COVID-19 pandemic crisis continuing to put pressure on seamless connectivity and data accessibility, it is becoming absolutely critical that future datacenters that are built offer compatibility with a sustainable future. Advanced DCIM platforms have been developed for supporting secure remote network access from remote locations, thereby allowing employees to complete their work from virtually any location. Cloud service providers are stepping up their investments in datacenter hardware to support workloads as they increasingly shift to the cloud. As organizations around the world focus on increasing productivity while reducing power consumption, demand for data centers blade servers has been increasing over the years. Factors such as less use of physical space, and the ability to provide more processing power in less space, which further reduce primary expenditure of enterprises, are expected to drive further growth in demand for data center blade servers.

Amid the COVID-19 crisis, the global market for Data Center Infrastructure Management (DCIM) estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2026, growing at a CAGR of 11.9% over the period. Solutions, one of the segments analyzed in the report, is projected to record 11.7% CAGR and reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 12.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $967.7 Million in 2021, While China is Forecast to Reach $191.8 Million by 2026

The Data Center Infrastructure Management (DCIM) market in the U.S. is estimated at US$967.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$191.8 Million by the year 2026 trailing a CAGR of 17.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.5% and 10.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.