Data center infrastructure management market to be worth $7.79 billion by 2030

Data center infrastructure management market to be worth $7.79 billion by 2030

According to the ResearchAndMarkets report, the global data center infrastructure management market is expected to be worth $7.79 billion by 2030. The market is anticipated to expand at a CAGR of 15.9% from 2022 to 2030. The main growth drivers are the rise in internet usage, cloud computing, and the requirement for centralized and unified management of data centers.

Cloud providers’ commoditization of processing, storage, and network resources has led to the emergence of large-scale data centers, raising the demand for data center infrastructure management (DCIM) technologies.

Voice of the Enterprise, a Datacenter Transformation, Budgets, and Outlook study from 2018, found that respondents rented space from colocation data center operators 41% of the time, ran and controlled their data centers 54% of the time, and used cloud service providers 57% of the time.

The COVID-19 pandemic was advantageous for the data center infrastructure management sector. The development of regional data centers, escalating board pressure to improve data security and provide more reliable and secure IT infrastructures, and expanding corporate awareness of the potential advantages of cloud services have all contributed to the expansion of data centers.

Because more businesses rely on digital infrastructure, there has been a noticeable increase in demand for data center networks and infrastructure services across various industries.

Highlights of ResearchAndMarkets report – Data center infrastructure management market

The solution segment accounted for the largest revenue share (by components) of 77.9% in 2021 and is anticipated to keep leading throughout the forecast period. The advantages that data center infrastructure management technologies provide, such as greater performance, better disaster recovery plans, more IT agility, lower hardware costs, and quick resource availability, have contributed to the market’s expansion.

Over the projection period, the cloud and edge data centers sector is expected to grow at the highest CAGR of 17.7%.

The cloud category is anticipated to experience the most significant CAGR of 17.9% in deployment during the projected period.

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