Data Centre Infrastructure Management Market Size, Share, Growth Analysis, By Component(Hardware, Software, Service), By Data Centre Type(Small & Medium-Sized Infrastructure, Large-Scale Infrastructure), By Tier Type(On-Cloud, On-Premises), By Vertical(BFSI, IT & Telecom, Retail, Healthcare), By Region - Industry Forecast 2024-2031

Data Centre Infrastructure Management Market size was valued at USD 3.1 billion in 2022 and is poised to grow from USD 3.6 billion in 2023 to USD 11.6 billion by 2031, growing at a CAGR of 15.8% during the forecast period (2024-2031).

The market for data center infrastructure is characterized by many national, international, and local companies. Everybody in the market is fighting for the largest possible market share, making it a competitive market. The market is growing due to several factors, including the quick adoption of cloud computing in conjunction with digital transformation, the exponential growth in data generation and surge in storage demand, the emergence of hyper-scale data centers, the ability to predict data center capacity requirements with visibility, and the propensity of organizations for cloud-based deployments. The data centre infrastructure management market is being held back by factors such as high energy consumption, construction-related problems, cybersecurity, and physical security. On the other hand, the market will expand due to the tech companies' development of hyperscale data centers across the globe, the increasing demand for green data centers, and the implementation of 5G networks. 'Lenovo', 'Hewlett Packard Enterprise Development LP (HPE)', 'Fujitsu', 'Super Micro Computer, Inc.', 'ABB', 'Huawei Technologies Co. Ltd (Huawei)', 'Cisco Systems, Inc', 'ASETEK A/S', 'IEIT (INSPUR ELECTRONIC INFORMATION INDUSTRY CO LTD)', 'Schneider Electric S.E.', 'MST (Multi-System Technologies)', 'IBM Corporation', 'Dell Inc. (Dell)', 'Johnson Controls International PLC', 'Vertiv Group Corp', 'KAYTUS'

In the era of digitalization, a data center is a vital part of any public or private organization alike. Every company and government agency has the option to construct and run its own data centre, depending on requirements. A data centre is necessary for sectors that generate and analyze enormous amounts of data daily, such as social networking services, education, banking, telecommunication, and retail. Data centres are therefore necessary for these sectors to function. They risk losing customers and revenue if they don't deploy. Colocation, enterprise, managed services, and cloud data centers are the four different categories of data centers. Thereby scalable data centres are high in demand and scaling them isn’t possible without the implementation of effective data centre infrastructure management solutions.

Adoption of cloud-based technologies has increased exponentially around the world and these technologies are highly dependent on data centres for their efficient operation. Growing proliferation of technologies such as artificial intelligence, machine learning, and deep learning has increased the need for data storage and this trend is also estimated to bolster the demand for data centre infrastructure management in the long run.

This market will be dominated by the data center infrastructure industry in North America. The expansion of big data analytics, cloud computing, and mobile broadband in this region is driving the need for new data center infrastructures. Additionally, it is projected that during the projection period, demand for DCIM will rise as cloud computing becomes more and more popular among North American enterprises as a result of declining server prices. The data center industry in the West of the US is well-established and growing. Data center operators will profit from the excellent connection and proximity to nearby IT hubs, making it a prudent investment. Approximately 90% of digital enterprises in California are part of this industry, which also includes cloud service providers and other IT and technology companies.