Data Center Asset Management (Software, Services, and Hardware) Market Expected to Reach $2.1 Billion by 2019 - New Report by MarketsandMarkets
(PRWEB) December 02, 2014 -- The research report "Data Center Asset Management Market by Component Type (Software, Services, Hardware), by Service Type (Consulting, Installation & Support, Professional), by Deployment Type (On Premise, Cloud), by Data Center Type (Mid-Size, Enterprise, Large) - Global Forecast to 2019" defines and segments the global market into various segments with an in-depth analysis and forecasting of revenues. The global data center asset management market is expected to reach from $565.4 million in 2014 to $2.1 billion by 2019, at a CAGR of 30.34% from 2014 to 2019.
Browse 74 market data tables and 108 figures spread through 228 pages and in-depth TOC on "Data Center Asset Management Market".
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The global data center asset management market is categorized into software, services, and hardware. The service segment is further categorized into consulting services, installation & support services, and professional services. The global data center asset management market is further classified on the basis of deployment, i.e. on-premise and cloud, and by data center type i.e. mid-size, enterprise, and large.
Surging demand and requirement of improved and efficient data center capacity planning, manageability, energy efficiency, and increasing numbers of colocation and cloud service providers are some of the key factors that are fueling the growth of the data center asset management market. However, shrinking IT budgets of the company, low awareness of solutions and its benefits are some of the key factors that are affecting the growth of the market. However, increasing numbers of new data center and market restructuring & emerging economies including India and China offer new growth opportunities for the market players.
As of 2014, North America is estimated to hold the largest share of the global data center asset management market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR of 34.08% from 2014 to 2019. A number of factors including energy utilization, optimization of resources, and development of new data centers are stimulating the growth of the data center asset management market in the Asia-Pacific region. Schneider Electric (France), Emerson Network Power (U.S.), CA Technologies (U.S.), IBM Corp. (U.S.), and HP (U.S.) are some of the key players in the global data center asset management market.
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