Data Center Asset Management Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The Data Center Asset Management Market is expected to register a CAGR of 17.3% during 2023–2031. Rising demand for cloud-based services is likely to remain a key trend in the market.

Data Center Asset Management Market Analysis

• The growing complexities of data center environments and the resultant need to manage more physical and virtual assets contribute to the market growth.
• Moreover, capacity planning, compliance regulations, data security, and disaster recovery also play a significant role in driving this market.
• Also, the increasing requirement for energy-efficient and sustainable data centers to keep the total cost of ownership (TCO) low and reduce the environmental impact of running data centers is further fueling the growth of the market.
• Furthermore, the exploding growth of edge computing and the Internet of Things (IoT) is also creating opportunities in data center asset management since they generate large amounts of data that need proper materialization and optimization.

Data Center Asset Management Market Overview

• Data Center Asset Management aims at the management and optimization of physical and virtual assets within a data center. The physical assets consist of servers, storage devices, network equipment, virtual machines, or applications, while the virtual assets encompass software, firmware, and licensing entitlements.
• The market is made up of solutions and services for the design, deployment, and management of assets throughout their entire lifecycle, from procurement to disposal, with the main emphasis on increasing efficiency, reducing operational costs, and being compliant with all regulations.
• Data center asset management solutions often integrate asset inventory, capacity planning, asset tracking, and maintenance scheduling, whereas data center asset management services include services such as asset audit, data migration, and data lifecycle management.

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Data Center Asset Management Market: Strategic Insights

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Data Center Asset Management Market Drivers and Opportunities

Rising Demand for Sustainable Data Centers

• In recent years, global requirements for center sustainability have become more in demand. While more and more countries are obligated to fulfill various initiatives such as the EU Green Deal, companies are also being pushed to accomplish sustainability targets.
• For instance, according to the data by Sunbird Software Inc., 57.8% of the organizations have a target date for zero carbon emissions, and 45.2% of organizations report the completion of a formal set of sustainability goals.
• Modern DCIM software allows data center managers to achieve their targets with real-time monitoring, minimized facility footprint, lowered energy consumption, and compliance reporting.

Growing Data Center Automation

• Data center managers are increasing the number of automated data center operations.  Routine processes can be automated to decrease manual work, mitigate human error, and allow firms to focus on more strategic initiatives.
• Companies such as Comcast and Accenture use DCIM software business rules to automatically set installation dates, cabinet serial numbers, and other details, whereas Comcast uses the Auto Power Budget feature to automatically calculate power budget profiles for each device based on its function in the facility, resulting in 40% more utilization of existing resources.

Data Center Asset Management Market Report Segmentation Analysis

Key segments that contributed to the derivation of the data center asset management market analysis are component, data center type, deployment type, and end-user.

• Based on components, the data center asset management market is divided into hardware, software, and services.
• based on data center type, the market is divided into small and mid-size data centers and large data centers.
• Based on deployment type, the data center asset management market is divided into on-premise and cloud.
• Based on end-users, the data center asset management market is divided into BFSI, IT and telecom, government, energy, healthcare, manufacturing, and others.

Data Center Asset Management Market Share Analysis by Geography

• Data center asset management market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering data center asset management market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the data center asset management market in these regions.

Data Center Asset Management Market Regional Insights

The regional trends and factors influencing the Data Center Asset Management Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Data Center Asset Management Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Data Center Asset Management Market Report Scope

Data Center Asset Management Market Players Density: Understanding Its Impact on Business Dynamics

The Data Center Asset Management Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Data Center Asset Management Market are:

1. BMC Software, Inc.
2. Broadcom Inc.
3. Emerson Electric Co.
4. Hewlett Packard Enterprise Development LP
5. Hitachi, Ltd.
6. Huawei Technologies Co., Ltd.

Disclaimer: The companies listed above are not ranked in any particular order.

Data Center Asset Management Market News and Recent Developments

The data center asset management market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the data center asset management market are listed below:

• RF Code, the market-leading provider of autonomous critical Asset Management Lifecycle and Environmental Monitoring solutions, announced a strategic partnership with Schneider Electric, a pioneer in digital transformation for energy management and automation. Through the partnership, RF Code’s intelligent software-enabled wire-free hardware is integrated with Schneider Electric’s data center infrastructure management (DCIM) solution, EcoStruxure IT. The outcome of this integration eliminates costly error-prone and manual processes and ensures 99 percent accurate asset tracking and chain of custody data in real time. (Source: RF Code, Company News, April 2023)
• Eaton launched a new data center management platform, the Brightlayer Data Centers suite. The suite brings together asset management, IT and operational technology (OT) device monitoring, power quality metrics, and advanced electrical supervision onto a single platform. The suite has three products that can be used together or separately, including the Data Center Performance Management (DCPM) software, Electrical Power Monitoring System (EPMS) software, and Distributed IT Performance Management (DITPM) software. (Source: Eaton, Company News, September 2023).

Data Center Asset Management Market Report Coverage and Deliverables

The “Data Center Asset Management Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Data Center Asset Management Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
• Data Center Asset Management Market trends as well as market dynamics such as drivers, restraints, and key opportunities.
• Detailed PEST/Porter’s Five Forces and SWOT analysis.
• Data Center Asset Management Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Data Center Asset Management Market.
• Detailed company profiles.