DUBLIN–(BUSINESS WIRE)–The “Data Center Infrastructure Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global data center infrastructure management market is expected to grow from US$ 1,881.60 million in 2021 to US$ 5,781.80 million by 2028; it is estimated to register a CAGR of 15.4% from 2021 to 2028.
With the growing usage of the Internet of Things (IoT), Cisco estimates that 50 billion devices will be linked by 2020, resulting in huge amounts of data production. It also predicted that data center IP traffic would increase to 20.6 Zettabytes per year by the end of 2021, up from 6.8 ZB in 2016.
Cloud provides a solution by supplying dependable services to its users through the use of data centers based on virtualization technology. A single system can operate as numerous virtual machines and independently handle requests from different users. Customers can use cloud-based on-demand services from anywhere in the world. Thus, the increase in data center IP traffic will boost the demand for data center infrastructure management.
The overall size of the data center infrastructure management market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
The process also serves the purpose of obtaining an overview and forecast for the data center infrastructure management market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic.
The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the data center infrastructure management market.
- Increase in Data Center IP traffic
- Increasing end-to-end visibility
- Growth of Cloud Computing, Big Data, and Artificial Intelligence (AI)
- Complex Deployment Processes and Uncertainty About Returns on Investments
- Organizational Preference for Cloud-Based Installations to Overcome On-Premises Constraints
- Increasing Digitization Across Various Industries
- Dependence of private sector on DCIM is likely to increase in future
- Schneider Electric SE
- Nlyte Software Limited
- Sunbird Software, Inc.
- Device42, Inc.
- Cormant, Inc.
- Ansys, Inc.
- Eaton Corporation plc
- Vertiv Holdings Co.
For more information about this report visit https://www.researchandmarkets.com/r/tni0fg