Global Data Center Asset Management Market: Overview
Owing to the dramatic rise in data, the demand for data storage solution across the world is gaining significance from last few years. It has pressurized the big enterprises to opt for data storage solutions. Focus on optimization of data solutions in order to maximize profits and to fulfill the need of the hours, major companies are adopting data center asset management solutions. To withstand in the rising overhead costs and complexities associated with management of the data, data center asset management has provided a better solution for companies. Many companies are cutting down their time, capital and operational expenditure, and also empowering with better resource planning and asset management.
Global Data Center Asset Management Market: Growth Factors
Growth in the global data center asset management market is due to increase the number of data centers across the world. The focus of various companies for the introduction of innovative products in the market is anticipated to boost the global market growth. Key manufacturers are adopting efficient asset management solutions and services, opening up new growth opportunities in the global market. Improved and efficient capacity of the data center for management of energy efficiency, cloud service providers, manageability, planning, and increasing number of collocation are some factors responsible for the growth of the global data center asset management market. This solution is anticipated to witness growth in the coming future due to rising demand and popularity for better performance. It offers some advantages to professionals and managers such as clear visibility and the management of the asset, and providing real-time monitoring and controlling. Moreover, it saves the time required and operational expenditure, which is one of the major factors of the global data center asset management market.
Global Data Center Asset Management Market: Segmentation
The global data center asset management market is divided based on the type of hardware, software, and services. Based on services, the global market is classified as professional, consulting, and installation & support. On the basis of deployment type, the global data center asset management market is categorized as cloud and on-premise. The global data center asset management market is classified based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Data Center Asset Management Market: Regional Analysis
North America is the leading region for data center asset management. Asia Pacific shows a significant growth in the global market, is in the initial phase of growth, and is expected to grow in the near future. This is mainly owing to growing focus of the market players to address the demand for data center asset management in this region. Moreover, Latin America is showing considerable growth, which is still in the introductory phase in the acceptance of the data center asset management solutions.
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Global Data Center Asset Management Market: Competitive Players
Major players dominating in the global data center asset management market are Emerson Network Power, HP, Optimum Path, Inc., Huawei Technologies Co. Ltd., and Schneider Electric SE. Other players influencing the global market are IBM, FieldView Solutions, Inc., Raritan, CA Technologies, and Nlyte Software.