Data Center Infrastructure Management (DCIM) Market – Industry Verticals Riding the Digitalization Wave Benefits Market

Digitalization has led to the generation of monumental volume of data which is set to drive the demand for mega capacity data centers or server farms in the coming years. Data centers mostly operate 24×7 which amounts to huge energy consumption to power IT equipment and other equipment. Energy consumption, however, depends on data center load which requires corresponding amount of cooling for efficient operations. As per the National Resources Defense Council (NRDC), an environmental action organization, the consumption of electrical energy by data centers in the U.S. is likely to amount to 139 billion kilowatt-hours by 2020.

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The massive consumption of electrical energy put data centers under pressure to reduce the same. Data center infrastructure management solutions thus comes into play to serve the need to cut electrical energy consumption.

Furthermore, data centers have come under vigilance of environmental authorities due to massive volume of electrical energy consumption that amount to massive carbon emissions. Several governments have enforced regulations to build green data centers in order to curb carbon emissions and increase energy efficiency in turn. For example, the Environmental Protection Agency in the U.S., provides energy star rating to data centers based on their power usage.

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In Europe, The European Commission Code of Conduct for Data centers aims to reduce carbon footprint of data centers and improve operational efficiency through collaborated efforts of data center providers and government agencies. At present, the program witnesses the participation of 120 data center providers that work with 245 agencies to reduce environmental impact of data centers.

However, factors such as high cost involved in transforming existing data centers into energy efficient ones is stalling the adoption of DCIM solutions. Once a data center is set up, data center owners do not heed much to maintain and improve data center efficiency. Long waiting periods before energy efficient technologies can transform into handsome returns is preventing data center owners from remodeling their spaces.  This is slowing the growth of DCIM market, adds the lead analyst.

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The information presented here is based on the findings of a TMR report, titled “Data Center Infrastructure Management (DCIM) Market (Solution – IT Asset Management, Facility Management, Consulting and Other Services; Component – IT Asset, DCIM Software, Power, Cooling, Industry Vertical – Banking, Financial Services, and Insurance (BFSI), Information Technology, Telecom, Health Care, Retail) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024.”