Data Center Asset Management Market Development And Forecast By 2023
8th
May 2019 – Global data center asset management market is
anticipated to witness an exponential growth in the forecast period. Factors
such as efficient and improved capacity of the data center for management of
energy efficiency, cloud service providers, planning, manageability, and
growing number of collocations, surge in the number of data centers across the
globe, technological advancement, increase in demand for green IT and
sustainability, rising disposable income, are likely to drive the market in the
forthcoming period.
On the other hand, technical propagation along with dynamic nature of
business, lack of capacity and detailed knowledge, and unbalanced economic
condition and regulatory issues are anticipated to hinder data center asset
management market growth in future. However, it saves the time required and
operational spending, is likely to create lucrative opportunities for the
market.
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Globally, market is anticipated to expand at a significant CAGR in the
upcoming period as the scope, product types, and its applications are
increasing across the globe. Data center asset management market could be
explored by component type, deployment type, data center type, service type,
vertical type, and geography. Market could be explored by component type as
Hardware, Software, and Services.
Based on deployment type, the market could span Cloud and On-Premise. The
market could be explored based on data center type as Enterprise data center,
Mid-size data center and Large data center. Based on service type, the data
center asset management market constitutes Installation & support,
Consulting and Professional.
The market could be explored based on vertical type as BFSI, Government,
Telecom and IT, Healthcare, Energy, Media and entertainment, Manufacturing and
Others. The “IT and Telecom” segment accounted for a prominent share in the
market. It is likely to witness substantial growth in the years to come. The
key factors that could be attributed to the growth of the market include
increasing demand for better energy efficiency in data centers and boosting the
acceptance of green data centers and favorable rules.
Asia-Pacific is a leading region in the market. It is likely to maintain
its dominance in the forecast period owing to factors, such as growing focus of
the market players to address the demand for data center asset management in
this region and increasing demand from key players. Asia-Pacific is followed by
Latin America owing to increasing acceptance of the data center asset
management solutions.
Key players operating in the data center asset management market include
HP, Emerson Network Power, Optimum Path, Inc., Schneider Electric SE, Huawei
Technologies Co. Ltd., Nlyte Software, IBM, Raritan, Field View Solutions,
Inc., and CA Technologies. The leading companies are taking up partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
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