According to the latest research report titled ""Data Center Infrastructure Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis,"" published by The Insight Partners, the market is expected to reach US$ 5,781.80 million by 2028, registering a CAGR of 15.4% during 2021-2028.

Increasing End-to-End Visibility to Drive Market during Forecast Period

Data centers offer enterprises higher data storage capacity, advanced servers, and faster computing capability. There is a rising need for scalable data centers from industries across all domains. The growing dependence of businesses on data centers is one of the prime factors driving the market. Data centers find their uniform application across various industries, namely IT & telecom, BFSI, government utilities, healthcare, energy, manufacturing, retail, and education. Data center is used by organizations to host web applications, save, process, and access huge data, as well as execute critical tasks.

Enterprises are building fewer and fewer data centers of their own, increasingly choosing to outsource operation of the infrastructure for their application workloads to cloud, colocation, and other types of service providers, who in turn are accelerating data center construction. More data center construction is taking place in edge markets, while corporate IT infrastructure is becoming increasingly distributed and orchestrated via software. Together, these trends are continuing to drive adoption of DCIM software products, the market for which continues to grow, although not at the pace vendors predicted it would grow several years ago, when the concept of a stand-alone DCIM software market came to being.

As enterprise data center construction slows, IT organizations face rising pressure to get more out of their existing infrastructure, often seeking DCIM as a solution. Meanwhile, as more IT infrastructure shifts to outsourced facilities, users need tools that give them visibility into those resources, where DCIM is helping enterprises. Thus, increasing the visibility of data center functions is driving the market for DCIM

Owing to the ongoing COVID-19 outbreak, governments in regions such as Europe, Asia Pacific, and North America have imposed stringent limitations on corporate activity and the movement of products and persons. These variables are expected to impact both supply and demand for data center services, affecting the worldwide data center infrastructure management market's revenue growth, particularly in 2021. The market is likely to stabilize in 2022, and the data center infrastructure management market will see growth from 2022 to 2028.

Key Findings of Study:

The global data center infrastructure management market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Enterprises are building fewer data centers of their own and are increasingly choosing to outsource operation to cloud, colocation, and other types of service providers, who, in turn, are accelerating data center construction. More data center construction is taking place in edge markets, while corporate IT infrastructure is becoming increasingly distributed and orchestrated via software. Together, these trends are continuing to drive the adoption of DCIM software products, the market for which continues to grow, although not at the pace vendors predicted it would grow several years ago when the concept of a stand-alone DCIM software market came to being.

As enterprise data center construction slows, IT organizations face rising pressure to get more out of their existing infrastructure, often seeking DCIM as a solution. Meanwhile, as more IT infrastructure shifts to outsourced facilities, users need tools that give them visibility into those resources, where DCIM is helping enterprises. Thus, increasing the visibility of data center functions is driving the market for DCIM.
 

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