“Real-time monitoring, control, and management drive the data center asset management market”
The data center asset management market is expected to grow at a CAGR of 30.8% during 2015-2020. Factors such as growth in mobile data, increasing use of smart devices, rich connectivity of internet and data storage in various industries is surging the growth of data centers. The requirement for storage space increases the associated data center assets and demands for effective data center asset management solutions. The data centers are witnessing rapid change and even the organizations implement equipment refresh cycle by adding or removing assets due to the technological advancements. Data center asset management solutions simplify the management process by providing real-time monitoring, controlling, and management of the assets.
“Asia-Pacific is expected to witness the highest market growth”
The market in APAC is in the growth phase and is the fastest-growing region for the global data center asset management market. This is mainly attributed to the growing focus of the market players to address the demands of data center asset management in this region. On the other hand, the MEA region is still in the introductory phase in terms of adoption of data center asset management solutions.
“Data center asset management software solutions to gain maximum traction during the forecast period”
Data center asset management software solution is estimated to contribute the largest market share in terms of component type. The software solutions provide real-time monitoring, controlling, and ease of management of data center assets that is encouraging enterprises to deploy these solutions. Moreover, the service market is estimated with great opportunities and projected to grow at high CAGR in the next five years.
Major players in the data center asset management market are Schneider Electric, IBM, Emerson Network Power, Raritan, CA Technologies, Fieldview Solutions, BMC Software, INC., HP, and Huawei among various others. Companies offer high-performance data center asset management solutions in order to increase system availability, reduce energy costs, ramp up efficiency, and provide real value to the data centers for their users.
