The report "Data Center Asset Management Market by Component Type (Software, Service, & Hardware), Deployment Type (On-Premise, & Cloud), Service (Consulting, Installation & Support, & Professional), Data Center Type, Vertical and Region - Global Forecast to 2020", the data center asset management market is expected to reach USD 2.81 Billion by 2020.The data center asset management market size is estimated to grow at Compound Annual Growth Rate (CAGR) of 30.89% from 2015 to 2020.
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The increased overhead costs and complexities in managing data centers have given way to the adoption of data center asset management solutions, thereby aiding companies in cutting down their time, Operational Expenditure (OPEX), and Capital Expenditure (CAPEX), and empowering them with better asset management and resource planning.
“Data center asset management software solution taking traction by next five years”
The data center asset management software solution is expected to hold the largest market share during the forecast period. The asset management software solutions enable data center managers and professionals with clear visibility of all assets by providing real-time monitoring, controlling, and management of these assets. This helps in saving time and OPEX, which is one of the major factors that is driving the adoption rate of data center asset management software solutions.
“The APAC data center asset management market is expected to be the fastest-growing region”
Considering the regional trend of the data center asset management market, North America is projected to hold the largest market size. 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 Latin American region is still in the introductory phase in terms of adoption of data center asset management solutions.
There are various companies that are coming up with innovative and efficient asset management solutions and services having the opportunities in this market due to the increasing number of data centers, globally. The major vendors providing data center asset management solutions and services are HP, IBM, Schneider Electric SE, Emerson Network Power, Nlyte Software, Optimum Path, Inc., Raritan, CA Technologies, FieldView Solutions, Inc., and Huawei Technologies Co. Ltd.
The scope of the report covers detailed information regarding the major factors influencing the growth of the data center asset management market such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, partnerships, collaborations, expansions, and competitive landscape associated with the data center asset management market.
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