Data Center Asset Management Market Worth $2.1 Billion by 2019
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, published by MarketsandMarkets, analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, Latin America, andMiddle East and Africa.
The global datacenter asset management market is classified majorly into components, namely, software, services, and hardware. The service segment is further categorized into consulting services, installation & support services, and professional services. The global datacenter asset management market is also further classified on the basis of deployment, i.e. on-premise and cloud, and by datacenter type i.e. mid-size, enterprise, and large.
Surging demand and requirement of improved and efficient datacenter capacity planning, manageability, energy efficiency, and increasing numbers of colocation and cloud service providers are some of the key factors that are fueling the growth of the datacenter asset management market. However, shrinking IT budgets of the company, low awareness of solutions and its benefits are some of the key factors which are affecting the growth of this market. However, increasing numbers of new datacenter and market restructuring and emerging economies including India and China 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 byEurope. 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 datacenters are stimulating the growth of the datacenter asset management market in the Asia-Pacific region.
Schneider Electric (France), Emerson Network Power (U.S.), CA Technologies (U.S.), IBM Corp. (U.S.), and HP (U.S.) are some of the key players in the global datacenter asset management market.
The global datacenter asset management market during the forecast period from 2014 to 2019. The global data center asset management market is expected to reach from $565.4 million in 2014 to $2.1 billion by 2019, at a CAGR of 30.34% from 2014 to 2019.