Data Center Trends and Predictions for 2024 From Industry

The Data Center Infrastructure Management by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Data Center Infrastructure Management, The data center infrastructure management market size has grown exponentially in recent years. It will grow from $3.24 billion in 2023 to $4.02 billion in 2024 at a compound annual growth rate (CAGR) of 23.8%.  The  growth in the historic period can be attributed to growing demand for data centers, capacity planning and optimization, cost management and operational efficiency, asset lifecycle management, regulatory compliance..

The data center infrastructure management market size is expected to see exponential growth in the next few years. It will grow to $9.85 billion in 2028 at a compound annual growth rate (CAGR) of 25.1%.  The growth in the forecast period can be attributed to sustainability and green computing, data center modernization initiatives, composable infrastructure trends, regulatory emphasis on data privacy, predictive maintenance strategies.. Major trends in the forecast period include adoption of cloud-based dcim solutions, edge data center management, real-time monitoring and reporting, remote management and automation, visualization and reporting tools for decision-making..

An increase in data center IP traffic is expected to propel the growth of the data center infrastructure management market in the forecast period. There has been an exponential increase in internet usage and IP traffic in data centers across the globe due to the pandemic and people working from home. According to Vxchange, a US-based company that offers data centers and colocation services, data center IP traffic is predicted to reach 20.6 zettabytes (ZB) by the end of 2021. Another report published by Cisco Systems in December 2022, states that the annual IP traffic in data centers is projected to reach 19,509 exabytes (EB) by the year 2023.  Thus, the surge in data center traffic is expected to boost the data center infrastructure management market growth.

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The data center infrastructure management market covered in this report is segmented –

1) By Component: Solution, Services

2) By Deployment Model: On-Premises, Cloud

3) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises

4) By End-User: BFSI, Energy, Government, Healthcare, Manufacturing, IT And Telecom, Other End Users

Major companies operating in the data center infrastructure management market are developing data center management platforms to meet larger customer bases, more sales, and increase revenue. Data center management platforms are comprehensive software solutions designed to monitor, control, and optimize the operations and resources within a data center. For instance, in September 2023, Eaton Corporation, an Ireland-based power management company, launched software suite for data center infrastructure management (DCIM) called Brightlayer Data Centers. Data center operators and dispersed IT teams may monitor, manage, and improve their data center infrastructure with the suite’s variety of solutions. Asset management, sophisticated electrical analytics, power quality indicators, and IT and operational technology (OT) device monitoring are all integrated within the package. The platform provides three options that customers may utilize separately or in combination, depending on their needs, including environmental monitoring software, power management software, and data center performance management software.

The data center infrastructure management market report table of contents includes:

 

1. Executive Summary
2. Data Center Infrastructure Management Market Characteristics
3. Data Center Infrastructure Management Market Trends And Strategies
4. Data Center Infrastructure Management Market – Macro Economic Scenario
5. Global Data Center Infrastructure Management Market Size and Growth

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31. Global Data Center Infrastructure Management Market Competitive Benchmarking
32. Global Data Center Infrastructure Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Data Center Infrastructure Management Market
34. Data Center Infrastructure Management Market Future Outlook and Potential Analysis
35. Appendix

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