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Data Center Infrastructure Management Market Projections 2026 by Top Players IBM, Infosys, Modius, ABB, Cisco, CommScope, Dell, Delta Electronics, Hewlett Packard Enterprise, Huawei Technologies

05-05-2020 09:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: DecResearch.com

Data Center Infrastructure Management Market Projections 2026

Data center infrastructure management market share from healthcare applications is expected to showcase a notable growth rate of above 20% over the coming years due to increasing investments in healthcare infrastructure and need to scale data center capacities. Medical practitioners are required to store complete patient information, such as medical history of a patient, prescriptions, diagnosis information, as well as information of the doctor or the surgeon. This has resulted in explosive data generation from the healthcare sector and consequently driven the need for data center colocation services. DCIM software is being increasingly deployed to ensure proper operations management of the healthcare industry.

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Data Center Infrastructure Management market allows effective management of physical and virtual computing infrastructure, including colocation and data center. Rising need to manage massive data generated by cloud computing are prompting organizations to invest in construction of hyperscale data centers globally. As per Cisco Systems estimates, the global data center IP traffic will reach 19.5 zettabyte (ZB) by the end of 2021, which is up from 6 ZB per year since 2016.

Growing requirement for virtualization of data has fueled the demand for DCIM systems for managing IT infrastructure & physical resources for virtualized environments. Data center infrastructure management market is forecast to exceed USD 4.5 billion mark by 2026.

With growing data traffic, the need to manage vast data and cloud resources is impelling companies to invest in hyperscale data centers across the world. In fact, in March of 2018, Facebook announced that it would invest $750 million towards the development of a hyperscale data center in Newton County, Atlanta.

Today, companies are investing heavily in the development of hyperscale datacenters. According to the 2015-2020 Cisco Global Cloud Index, the overall number of hyperscale datacenters across the globe is estimated to grow to 628 by 2021, going up from the 338 facilities that existed in 2016.

This growing population of hyperscale data centers is set to further propel demand for efficiently evaluating and monitoring infrastructure and components, outlining data center infrastructure management market outlook.

From a regional standpoint, increasing adoption of IoT, big data and cloud computing technologies is fueling the Latin America data center infrastructure management market outlook in recent years. Moreover, technology giants such as Google LLC and Microsoft Corporation have increased their data center construction activities across the region. Such companies are making heavy investments in data center solutions to monitor the overall operations of several high-density components and further reduce operational costs.

These solutions are highly useful as they reduce infrastructure energy consumption. Additionally, they also offer proper infrastructure maintenance that would help enterprises in enhancing their efficiency.

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The competitive landscape of the data center infrastructure management market includes CommScope, Inc., Rittal GmbH & Co., ABB Ltd, Siemens AG, CA Technologies, Cisco Systems, Inc., Schneider Electric, STULZ GmbH, KG, and Vertiv Co.

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