According to the report by Zion Market Research, the global DCIM market is expected to reach USD 1650.82 Million by 2021, growing at a CAGR of around 20.3% between 2016 and 2021.
Data center infrastructure management optimizes and serves business assessment of IT infrastructure. The change in the functionality of DCIM is presenting huge market opportunities for several enterprises. Automated asset location, change management, touch-based technology, mobile applications, and asset auto discovery are the latest advances in the DCIM market.
IT asset management solution segment held the largest market share in 2015 and expected to continue to dominate throughout the coming years. It improves business processes, develops data to guide strategic decisions, ensure hardware and software compliance. Facility management solution held second largest market share and closely followed IT asset management solution segment. The growth of facility management solution segment is mainly attributed growing demand to manage the entire lifecycle of a data center.
IT asset component segment emerged as a leading component segment of DCIM market in 2015. DCIM software is another fastest growing component segments within the forecast period owing rising demand to control energy costs, increase operational efficiency and improve data center design.
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Based on industry verticals, the DCIM market is segmented into BFSI, IT, telecom, healthcare, retail and others. IT and telecom are expected to hold largest market share in coming years amongst all other industry verticals. Adoption of DCIM software in retail and BFSI will encourage the market significantly. The dynamic and powerful impact of information technology in the healthcare industry is also expected to further flourish the market growth.
In terms of revenue, North America held the largest market share in 2015 and acquired over 27% of market share in the same year. Europe is anticipated to maintain a steady market share during the forecast period due to growing awareness regarding green data centers. However, Asia Pacific is expected to be fastest growing region due to growing economies in this region. Further, low cost of investment led companies to set up their data center in Asia Pacific regions which in turn supports the market growth.
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Some of the major DCIM solution providers are Johnson Controls, Inc., Nlyte Software, Inc., Rackwise, Inc., Emerson Network Power, Inc., Schneider Electric SE, Eaton Corp. PLC, IBM Corp., CA Technologies, Inc., Siemens AG, ABB Ltd., FNT GmbH, Panduit Corp., Commscope, Inc., Altron A.S., Cormant, Inc., and Sunbird Software, Inc. (Raritan, Inc.) amongst others.