March 14, 2014
Annual spending on data center infrastructure management software and services will surpass $4.5 billion by 2020, report finds
In today’s market, mere minutes of data center downtime can cost businesses millions of dollars in lost revenue. This criticality has created an atmosphere of risk aversion in data center operations, along with a culture of uncontrolled and uninformed spending on assets and resources to ensure an acceptable, albeit hazy, margin of reliability. Click to tweet: According to a recent report from Navigant Research, these days are coming to an end. Data center infrastructure management (DCIM) systems are fundamentally changing the landscape for managing complex data center environments.
“DCIM – the software, systems, and services that monitor, measure, and help control data centers’ IT and facilities infrastructure – is quickly becoming a must-have technology for managers of modern data centers,” says Eric Woods, research director with Navigant Research. “The need for data centers to improve their energy efficiency while meeting an ever-growing demand for IT capacity will drive annual spending on DCIM software and services from less than $700 million in 2013 to more than $4.5 billion by 2020.”
The DCIM vendor landscape is as diverse as the technology itself, according to the report. The resources and brand recognition of large end-to-end software, hardware, and service providers, such as Schneider Electric, Emerson Network Power, and Raritan, give them an immediate advantage over competitors. But smaller software-centric companies, such as Cormant, Modius, iTRACS, NetApp, FieldView Solutions, and Future Facilities, also provide unique and competitive solutions.
The report, “Data Center Energy and Infrastructure Management”, analyzes the global DCIM market. The study assesses current market trends and dynamics, the key functionalities of DCIM solutions, and how these systems and services benefit data centers around the world. Global market forecasts for DCIM spending and market share, broken out by region and market segment, extend through 2020. The report also features profiles of key industry players and a discussion of regional drivers and hurdles. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Richard Martin
* The information contained in this press release concerning the report, “Data Center Energy and Infrastructure Management,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.