The global data center infrastructure management market is estimated to garner a revenue of USD 10 billion by the end of 2031 by growing at a CAGR of 12% over the forecast period, i.e., 2022 – 2031, according to the report published by Research Nester entitled “Data Center Infrastructure Management Market: Global Demand Analysis & Opportunity Outlook 2031”
During the projected period, factors like the rising need for cloud & data management and the greater prevalence of DCIM services of the next generation are anticipated to drive market growth.
The global market for data center infrastructure management is further divided into asset, cooling, network, power, and security segments by management. The asset segment is predicted to hold a sizable market share during the projected period out of all of these segments.
Region-wise, the global market for data center infrastructure management is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Out of these, the Asia Pacific region’s market is anticipated to expand at a significant rate during the forecast period due to increasing machine learning development and usage as well as a growing reliance of the people on IoT.
Furthermore, over the projected period, it is also anticipated that rising investment in 5G technology and AI will accelerate market growth in the region wherein the Southeast Asia 5G network market size is projected to reach $1939.60 million by 2030, growing at a CAGR of 41.9% from 2021 to 2030.
On the other hand, it is not surprising that several Southeast Asian nations are beginning to enter the AI business given the expanding AI market. The Mckinsey Global Institute has found that AI has the potential to increase productivity in the ASEAN region.
It is estimated that half of the tasks currently carried out in the four largest economies of ASEAN—Indonesia, Malaysia, the Philippines, and Thailand—could possibly be automated using existing AI technologies. These figures might even increase given how quickly technology is developing these days.
Moreover, the cloud computing industry was also projected to be worth USD 450 billion in 2022. Numerous computing services are included in cloud computing, including software, databases, storage, networking, intelligence, and analytics. Large corporations also have data centers where they process, gather, and store a lot of data.
For each of these services to operate correctly and without causing mistakes, data center infrastructure management is necessary. Therefore, it is projected that these factors will fuel market growth.
The report also offers company profiling and the current competition environment for some of the major players in the global data center infrastructure management market. The profiling includes important company data, including a description of the business, a list of its products and services, critical financial information, and recent events and developments.