BOULDER, Colo. -- (BUSINESS WIRE) -- The need for data centers to improve their energy efficiency while meeting an ever-growing demand for IT capacity is driving rapid growth in the market for data center infrastructure management (DCIM). DCIM – the software, systems, and services that monitor, measure, and help control a data center’s IT and facilities infrastructure – is becoming a must-have technology for managing the complexities of the modern data center. Click to tweet: According to a new report from Navigant Research, annual spending on DCIM software and services will grow from $663 million worldwide in 2013 to more than $4.5 billion by 2020.
“By enabling deep visibility into all aspects of a data center’s operations, DCIM technology is opening tremendous opportunities for data centers to become more manageable and efficient,” says Eric Woods, research director with Navigant Research. “At the same time, market hurdles, such as risk aversion among customers and lack of awareness of DCIM capabilities, have dissipated, opening significant opportunities for DCIM vendors.”
DCIM enables data center operators to reduce energy consumption, greenhouse gas emissions, and total cost of ownership, while boosting productivity and helping managers understand data center performance and spending through detailed metrics. The most effective DCIM solutions help data center operators optimize the efficient use of power, cooling, space, and human resources. Outside of the data center itself, DCIM solutions also help to optimize operating costs and capital expenditures.
The report, “Data Center Energy and Infrastructure Management”, analyzes the global DCIM market. The study assesses current market trends and dynamics, the key functionalities of DCIM solutions, and how these systems and services benefit data centers around the world. Global market forecasts for DCIM spending and market share, broken out by region and market segment, extend through 2020. The report also features profiles of key industry players and a discussion of regional drivers and hurdles. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Data Center Energy and Infrastructure Management,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.