DCIM market to cross $20 billion by 2032
Thu 31 Aug 2023
The Data Centre Infrastructure Management (DCIM) market is anticipated to witness robust growth between 2023 and 2032, primarily owing to the rapid expansion of green data centres in Europe and North America. Forecasts by Global Market Insights predict the market to be worth $20 billion by 2032.
The development of infrastructure to support internet and broadband connectivity in developing countries is also expected to drive market demand.
For instance, in January 2023, the United States Trade and Development Agency announced offering grants to an internet service provider. The fund is set to be used to conduct a feasibility study aimed at taking broadband connectivity to more than 30 million people in peri-urban and rural communities in India.
Overall, the DCIM market has been segmented in terms of component, end-use, and region.
On the basis of the component, the DCIM market can be characterised by the services segment. The rapid segmental expansion will be driven by the increasing use of data centres, which are used to ensure an uninterrupted supply of services such as managed and professional. In turn, this has led to surging demand for large and complex IT infrastructures.
According to the State of the Data Center Report in 2021, 48% of the respondents accepted building new data centres over the next one to three years.
In the context of end-use, the energy segment is anticipated to be valued at more than $450 million by 2032.
Data transmission networks and data centres are increasingly playing a pivotal role as a source of energy consumption due to rapidly expanding digitisation. This has led major power companies to work with reliable data centre partners to improve high-speed computing, data transmission, data processing, and backup efficiencies, which will drive the market demand during the next decade.
In the regional context, the DCIM market in Europe is anticipated to attain more than 20% CAGR by 2032.
The regional market growth will be attributed to the increasing demand for updated and efficient IT-based technologies in developed economies such as Germany and the United Kingdom.
The ongoing penetration of constant tech innovations such as cloud computing, autonomous vehicles, advanced robotics, and the Internet of Things, has boosted the requirement for cutting-edge computing solutions in Europe.
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