by Brianna Crandall — December 10, 2014—Research firm MarketsandMarkets has published a new market research report on the data center asset management market from 2014 to 2019. The report analyzes and studies the major drivers, restraints, opportunities, and challenges in the global market, and provides a forecast to 2019. The global market is expected to increase from $565.4 million in 2014 to $2.1 billion by 2019, at a compound annual growth rate (CAGR) of 30.34% from 2014 to 2019.
For the report, the global data center asset management market is classified by software, services, and hardware components, and the service segment is further categorized into consulting services, installation and support services, and professional services. The market is also classified on the basis of deployment, i.e. on-premise and cloud, and by data center type, i.e. mid-size, enterprise, and large.
According to the report, some of the key factors that are fueling the growth of the data center asset management market are: surging demand and the requirement for improved and efficient data center capacity planning, manageability, energy efficiency, and increasing numbers of colocation and cloud service providers. However, shrinking information technology (IT) budgets within companies, and low awareness of solutions and the market’s benefits are some of the key factors that are affecting the growth of this market. Nevertheless, increasing numbers of new data center and market restructuring and emerging economies including India and China reportedly offer new growth opportunities for the market players.
As of 2014, North America is estimated to hold the largest share of the global data center asset management market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 34.08% from 2014 to 2019. A number of factors including energy utilization, optimization of resources, and development of new data centers are stimulating the growth of the data center asset management market in the Asia-Pacific region.
Schneider Electric (France), Emerson Network Power (USA), CA Technologies (USA), IBM Corp. (USA), and HP (USA) are some of the key players in the global market.
The 228-page Data Center Asset Management Market by Component Type (Software, Services, Hardware), by Service Type (Consulting, Installation & Support, Professional), by Deployment Type (On Premise, Cloud), by Data Center Type (Mid-Size, Enterprise, Large)—Global Forecast to 2019 report is available for purchase on the MarketsandMarkets Web site.
