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Data Center Infrastructure Management (DCIM) Solutions Market to Grow by USD 13.72 Billion (2024-2028), Driven by Energy Management Focus, with AI Impacting Market Trends – Technavio

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NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global data center infrastructure management (DCIM) solutions market size is estimated to grow by USD 13.72 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 26.06% during the forecast period. Increased focus on energy management and green initiatives is driving market growth, with a trend towards high adoption of IOT, in-built sensors, and edge computing. However, investments in initial infrastructure and related requirements poses a challenge.Key market players include ABB Ltd., BGIS Global Integrated Solutions, Broadcom Inc., Carrier Global Corp., Cisco Systems Inc., CommScope Holding Co. Inc., Device42 Inc., Eaton Corp. Plc, FNT GmbH, Huawei Technologies Co. Ltd., Legrand SA, Modius Inc., Panduit Corp., Rackwise Inc., RF Code Inc., Schneider Electric SE, Siemens AG, Sunbird Inc., Unisys Corp., and Vertiv Holdings Co..

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Data Center Infrastructure Management (Dcim) Solutions Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 26.06%

Market growth 2024-2028

USD 13718.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

20.31

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 49%

Key countries

US, China, UK, India, and Germany

Key companies profiled

ABB Ltd., BGIS Global Integrated Solutions, Broadcom Inc., Carrier Global Corp., Cisco Systems Inc., CommScope Holding Co. Inc., Device42 Inc., Eaton Corp. Plc, FNT GmbH, Huawei Technologies Co. Ltd., Legrand SA, Modius Inc., Panduit Corp., Rackwise Inc., RF Code Inc., Schneider Electric SE, Siemens AG, Sunbird Inc., Unisys Corp., and Vertiv Holdings Co.

Market Driver

Data Center Infrastructure Management (DCIM) solutions have become essential for organizations looking to optimize their data center infrastructure. Trends such as energy efficiency and next-generation DCIM offerings are driving the market forward. Disparate applications and IT assets require accurate configuration and real-time monitoring for successful implementation. Operators seek holistic visibility into critical data centers, including power consumption, temperature, and humidity. Modernization initiatives involve integrating sensors, meters, and environmental sensors for power efficiency and cooling statistics. DCIM providers offer asset management solutions for IT and facility operators, addressing challenges like data accuracy, manual data entry, and typographical mistakes. Functional domains include equipment management, cooling systems, and power management. Major countries in healthcare, telecommunications, development, and economic growth invest in DCIM solutions for infrastructure optimization. Infection risk, construction, social distancing rules, and limited space are driving the need for a hybrid approach. Cloud service providers, colocation data centers, and public clouds are part of the datacenter segment, while cloud management, BI and analytics, and large enterprises dominate the solution segment. Efficient power, cooling, and IT asset management are key concerns for IT administrators, with airflow, power consumption, and temperature monitoring critical for infrastructure availability. AFCOM estimates that IT workloads will continue to grow, requiring new deployments and edge computing solutions. Aircooling methods and smart cities are also driving the market, with policymakers and fiber networks playing a role in cloud and data growth. API integration, data volumes, and processing capacity are essential for service providers, while on-premises DCIM solutions address the complexities of managing physical systems and IT equipment. Investments in capital and operational expenses, site selection, permitting, and facility upkeep are crucial for successful DCIM implementation. Remote work and small data requirements are also driving demand for DCIM solutions. Legacy systems and new deployments require a hybrid approach, with edge technologies, wireless medical, and hyperlocal storage addressing the needs of telecom operators and developers. In conclusion, DCIM solutions are essential for organizations seeking to optimize their data center infrastructure, with energy efficiency, next-generation offerings, and holistic visibility driving market trends. Rackwise, Hyperview, Sunbird Software, and Nlyte Software are leading DCIM providers, offering asset management solutions for IT and facility operators. The market is expected to grow, driven by the increasing demand for efficient power, cooling, and IT asset management. 

The Internet of Things (IoT) is driving a significant increase in data traffic, particularly mobile data, leading to a high demand for cloud applications. IoT deployments involve connecting and integrating vast volumes of data from remote assets into existing infrastructure systems. DCIM solutions play a crucial role in managing thermal, power, and cooling, as well as network management for these large data sets. With the growing adoption of IoT and sensors, data centers and DCIM software are evolving to accommodate the changing IT infrastructure requirements of enterprises. Vendors must upgrade their DCIM offerings to meet these needs by enhancing monitoring capabilities. 

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Market Challenges

Data Center Infrastructure Management (DCIM) solutions have become essential for organizations managing IT and facility operations in data centers. The challenges of energy efficiency, next-generation DCIM offerings, and optimization initiatives require holistic visibility into critical data centers. However, disparate applications and manual data entry can lead to data accuracy issues. Modernization of IT and facility operator systems is crucial for successful implementation. DCIM providers offer functional domains like asset management, monitoring systems, and real-time energy statistics. Equipment such as chillers, cooling towers, and sensors for power usage and environmental conditions are essential. However, challenges persist. Inaccurate data, complexities from data center traffic, IoT technology, and digital transactions can hinder decision-making processes. Rackwise, Hyperview, Sunbird Software, and Nlyte Software are popular DCIM solutions. Investments in data center construction and economic growth, especially in major countries like the US, China, and India, drive the demand for DCIM. Healthcare, telecommunications, development, and economic growth sectors are significant markets. Infection risk, social distancing rules, and limited space in high-density data centers add to the challenges. DCIM solutions cater to on-premises environments, cloud and edge, and datacenter segments. Public clouds, cloud management, BI and analytics, and large enterprises dominate the solution segment. Capital investment and operational expenses are significant considerations. Construction, site selection, permitting, facility upkeep, and capital investment are crucial aspects of data center infrastructure. New deployments, edge computing, telecom operators, and edge technologies are emerging trends. Legacy systems and old properties require modernization. AFCOM estimates that IT workloads will increase, necessitating air cooling methods and smart cities’ development. Policymakers, fiber networks, and API integration are crucial for cloud and data growth. Data volumes, processing capacity, and medium-sized data are other challenges. Compass Datacenters, Compass Quantum, modular data centers, and IT equipment suppliers offer solutions for data center infrastructure optimization. Construction, permitting, and facility upkeep are essential for infrastructure availability. Remote schooling and small data centers are emerging markets. Efficient power usage, carbon emission reduction, and efficient cooling are green initiatives. Cloud computing, internet usage, and internet services drive data center traffic. Complexities from IoT technology, smart devices, and digital transactions necessitate DCIM solutions. In conclusion, DCIM solutions are vital for managing data center infrastructure, addressing energy efficiency, and optimizing resource utilization. Challenges include data accuracy, complexities from IoT technology, and infrastructure availability. DCIM providers offer functional domains, equipment management, and real-time energy statistics to address these challenges. Capital investment, operational expenses, and construction are significant considerations. The future of DCIM lies in cloud and edge computing, large enterprises, and green initiatives.DCIM solutions involve significant investments with a relatively slow return on investment. Vendors offer various pricing models based on rack usage, area, or server numbers. Enterprises carefully consider these costs before making a large investment. The choice lies between on-premises CAPEX implementations and turnkey solutions. Implementation costs often exceed license fees, necessitating a thorough evaluation of the total cost of ownership. Government regulations and the shift towards OPEX investments are driving market growth.

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Segment Overview

This data center infrastructure management (dcim) solutions market report extensively covers market segmentation by

End-user1.1 Large enterprises1.2 Small and medium enterprisesApplication2.1 Asset and capacity management2.2 Energy management2.3 Power and cooling management2.4 Network managementGeography3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Large enterprises- Large enterprises, such as ABB, BGIS, and FNT, are major contributors to the growth of the global DCIM solutions market. With the increasing need to manage and analyze vast amounts of data effectively, large businesses and scalable infrastructure for their data centers. DCIM solutions enable optimization, increased operational efficiency, and improved overall performance. The adoption of DCIM solutions is driven by the rising demand for more data center capacity and the need to reduce operating costs. Real-time monitoring, advanced analytics, and automation are key features that help large enterprises anticipate and proactively identify security threats. Google and IBM Turbonomic are examples of DCIM solutions that offer real-time monitoring, automation, and alerting for critical facilities infrastructure. The demand for efficient data center management, cost savings, data security, and compliance is fueling the adoption of DCIM solutions by large enterprises. As data center complexity increases and the need for advanced infrastructure management solutions grows, it is expected that large businesses will continue to adopt DCIM solutions, thereby driving market growth during the forecast period.

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Research Analysis

Data Center Infrastructure Management (DCIM) solutions are essential for optimizing the efficiency and availability of data centers. These offerings provide holistic visibility into the physical environment and critical infrastructure, enabling facility operators to manage and monitor their data centers more effectively. Disparate applications and manual data entry can lead to data accuracy issues, typographical mistakes, and transcription errors. Modern DCIM solutions address these challenges by integrating various systems and automating data collection. New technologies, such as artificial intelligence and machine learning, supplement IT operations by providing real-time insights for decision-making processes. Energy efficiency is a key focus area for DCIM, with solutions offering optimization initiatives to reduce energy consumption and costs. Asset management is another critical component, allowing administrators to track and manage IT and facility equipment. On-premises DCIM solutions provide a comprehensive view of the data center, from configuration management to infrastructure availability. Rackwise, Hyperview, Sunbird Software, and Nlyte Software are examples of DCIM vendors offering advanced solutions for data center management.

Market Research Overview

Data Center Infrastructure Management (DCIM) solutions have become essential for organizations seeking to optimize their data center infrastructure and improve energy efficiency. Next generation DCIM offerings provide holistic visibility into critical data centers, including real-time energy usage, environmental sensors, and equipment status. These solutions help organizations manage disparate applications, minimize data accuracy errors from manual data entry and transcription, and enhance infrastructure optimization. Modernization of IT and facility operators’ decision-making processes is a key objective for successful DCIM implementation. In the data center, cooling systems such as chillers and cooling towers, power usage, and cooling statistics are essential components for power efficiency. Computing resources, including cloud servers and edge data, require monitoring to ensure optimal resource utilization. DCIM solutions cater to various functional domains, including IT asset management, power management, and environmental monitoring. The market is witnessing a shift towards Software as a Service (SaaS) and hybrid approaches, which offer flexibility and cost savings. Infrastructure optimization initiatives are driving investments in new deployments and modernization of existing data centers in major countries, particularly in healthcare, telecommunications, and development sectors. The complexities of data center traffic, IoT technology, and digital transactions necessitate efficient power management and cooling methods. Policymakers and social distancing rules have increased the demand for remote work and edge computing, further emphasizing the importance of DCIM solutions. In the on-premises environment, IT workloads and air cooling methods require continuous monitoring to minimize downtime and maintain rack density. AFCOM estimates that the data center market will continue to grow, with a focus on energy efficiency, carbon emission reduction, and efficient power usage. Capital investments and operational expenses are significant considerations for organizations, making it crucial to minimize errors and optimize infrastructure availability. Legacy systems and new deployments require careful site selection, permitting, and facility upkeep to ensure successful implementation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userLarge EnterprisesSmall And Medium EnterprisesApplicationAsset And Capacity ManagementEnergy ManagementPower And Cooling ManagementNetwork ManagementGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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ObjectSecurity Releases BinLens 3.0 for Advanced Binary Vulnerability Analysis

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ObjectSecurity, a recognized leader in advanced defense and industrial cybersecurity solutions, today announced the release of BinLens™ 3.0, the latest iteration of its cutting-edge binary vulnerability analysis tool.

SAN DIEGO, Nov. 19, 2024 /PRNewswire-PRWeb/ — ObjectSecurity, a recognized leader in advanced defense and industrial cybersecurity solutions, today announced the release of BinLens™ 3.0, the latest iteration of its cutting-edge binary vulnerability analysis tool.

BinLens™ takes a groundbreaking approach, leveraging advanced symbolic binary-level analysis to detect hidden and unpublished vulnerabilities, including memory-safety violations. Its superior detection accuracy dramatically lowers false-positive rate sets it apart from traditional tools.

BinLens™ addresses critical gaps in traditional cybersecurity approaches by automating the complex process of analyzing binary programs. This powerful new version provides organizations with deeper insights into vulnerabilities, enabling faster and more effective mitigation of potential threats.

BinLens™ is a bold evolution from ObjectSecurity OT.AI Platform™ 2.x, delivering a revolutionary approach to binary vulnerability analysis. Engineered to effortlessly uncover zero-day vulnerabilities with cutting-edge accuracy and minimal false positives, BinLens™ is designed for both IT and OT/ICS environments.

Leveraging advanced automation, BinLens™ streamlines traditionally labor-intensive tasks such as symbolic analysis, static analysis, disassembly, and decompilation. Unlike conventional tools that focus solely on known vulnerabilities, BinLens™ offers a proactive defense, providing organizations with unmatched flexibility through its versatile deployment options.

Conventional cybersecurity methods—such as network scans, SBOMs, and source code reviews—often fall short, detecting only known vulnerabilities and leaving critical gaps. BinLens™ takes a groundbreaking approach, leveraging advanced symbolic binary-level analysis to detect hidden and unpublished vulnerabilities, including memory-safety violations and other undefined behaviors. Its superior detection accuracy and dramatically lower false-positive rate set it apart from traditional tools.

Key Features of BinLens™ Include:

Memory Safety Detection: Identifies unsafe writes like weak pointers, stack overflows, and heap overflows to prevent data corruption, crashes, or unauthorized access.Control Flow Risk Mitigation: Detects vulnerabilities that allow user-controlled instruction pointers, safeguarding against arbitrary code execution.Array and String Violation Identification: Highlights issues such as out-of-bound array indices and externally controlled string vulnerabilities, protecting sensitive program data.Cryptographic Analysis: Evaluates encryption schemes, embedded keys, and entropy to uncover potential weaknesses in cryptographic defenses.Comprehensive Vulnerability Detection: Goes beyond published vulnerabilities, scanning for over 18,000 CVEs specific to OT/ICS binaries and nearly 140 CWEs across 30 CPU architectures.Integrated Automation: Combines tasks like disassembly, decompilation, and delta analysis into a unified “single pane of glass,” automating workflows traditionally requiring expert manual effort.Compliance Support: Maps to standards like NIST 800 and ISA/IEC 62443, helping organizations meet security and regulatory requirements.Flexible Deployment Options: Supports both on-premises (including Kubernetes clusters) and cloud environments, catering to the needs of DoD, government, and critical infrastructure sectors.

Serving a Broad Range of Users:

Red Teams, Reverse Engineers, Threat Hunters, and Vulnerability Researchers: Accelerate workflows and gain deeper insights.DevSecOps Engineers, QA Testers, and Developers: Detect vulnerabilities missed by source code analysis and integrate findings into DevSecOps pipelines.Operators, Procurement Teams: Mitigate supply chain risks by analyzing software during procurement, deployment, and patching, including legacy devices.

Availability

BinLens™ 3.0 is officially available starting today, November 15, 2024. Organizations can obtain the latest version directly from ObjectSecurity or through our network of authorized partners. For more information on licensing options or to schedule a demo, please visit ObjectSecurity BinLens at https://objectsecurity.com/binlens.

About ObjectSecurity

ObjectSecurity LLC is a trusted leader in solving complex, evolving cybersecurity and supply chain risk challenges that threaten national security and critical operations. Specializing in advanced cybersecurity solutions for both IT and OT/ICS systems, ObjectSecurity focuses on automating and streamlining security processes. With innovative tools like BinLens™, the company empowers organizations to proactively identify and mitigate vulnerabilities at their core—within software code and data.

ObjectSecurity’s holistic, proactive approach is designed to prevent cyberattacks and minimize production downtime across critical industries, including military defense, municipal smart cities, public and private transportation, energy, wastewater treatment, power utilities, manufacturing, and life sciences.

With over two decades of experience, ObjectSecurity has been a trusted provider of cybersecurity and supply chain risk management solutions to U.S. defense and federal agencies. Today, these cutting-edge technologies are commercially available to government and private sector organizations.

Headquartered in San Diego, CA, ObjectSecurity is a privately held company with a global presence.

For more information, visit

BinLens™ https://objectsecurity.com/binlens

ObjectSecurity https://objectsecurity.com

Media Contact

Dan Mathews, ObjectSecurity LLC, 1 6505153391, press@objectsecurity.com, https://objectsecurity.com

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Hydra X Becomes the first Licensed Custodian in APAC to Provide Custody for Canton Coin

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SINGAPORE, Nov. 20, 2024 /PRNewswire/ — Hydra X today announced that it is the first licensed custodian in APAC to provide custody for Canton Coin, marking a significant milestone for both Hydra X and the Canton Network ecosystem. In this groundbreaking collaboration, SBIVC will become the first Canton Network ecosystem member to leverage Hydra X’s industry-leading custody services for Canton Coin.

Supporting Canton Coin will enable Hydra X’s clients across APAC, such as SBIVC, to bring regulatory-grade digital assets to market, utilizing the full potential of tokenization and Canton Network’s privacy-first architecture. Hydra X will partner with Digital Asset to integrate its tokenization utility, allowing institutional clients to securely issue and manage digital assets while maintaining full control over privacy and data sovereignty—a hallmark feature of the Canton Network.

“SBIVC is excited to be the first Canton Network ecosystem member to leverage Hydra X’s industry-leading custody services for Canton Coin. Hydra X’s strong track record in regulatory compliance and security makes it an ideal partner for this initiative. This partnership is a crucial step in delivering the secure, privacy-preserving infrastructure that is required to foster confidence in digital assets for institutional players across APAC,” said Eiichiro So, CEO of SBIVC.

“Becoming the first licensed custodian in APAC to support Canton Coin is a significant achievement for Hydra X,” said Ng Wee Hao, COO of Hydra X. “This partnership with Digital Asset and SBIVC enables us to leverage the full power of the Canton Network’s privacy and security features, reinforcing our commitment to providing secure, regulatory-compliant solutions.  Our clients can now confidently navigate the digital assets space, supported by a scalable solution that meets the highest regulatory standards.”

About Hydra X:

Hydra X is a regulated capital markets infrastructure company, developing technology and financial services to power the next generation of tokenized financial markets. Its comprehensive solutions span the entire capital markets lifecycle, from securitization, primary issuance and secondary trading, to custody and settlement.

As a regulated digital asset custodian licensed by the Monetary Authority of Singapore, Hydra X provides institutional-grade custodial services for a broad range of digital assets, including security tokens and digital payment tokens, and is one of the largest security token custodians in APAC.

For more information, visit our website or Linkedin.

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Cargobase Secures SOC 2 Compliance For Leading Spot Freight Automation & Transportation Management System (TMS)

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SINGAPORE, Nov. 20, 2024 /PRNewswire/ — Cargobase, a logistics technology platform for enterprise shippers, today announced that it has achieved SOC 2 Type II compliance, specifically meeting the Security, Availability and Confidentiality (SAC) Trust Services Criteria. This independent verification underscores Cargobase’s commitment to data security, system reliability and the protection of sensitive information, reinforcing the company’s dedication to setting industry benchmarks in secure logistics solutions. This attestation complements Cargobase’s ISO 27001 certification, further strengthening the foundation of trust our customers rely on.

“We’re proud to announce that Cargobase has achieved SOC 2 Type II compliance, demonstrating our commitment to data security and meeting the evolving needs of our clients. Recognizing the growing importance of this requirement within the industry, we’ve invested in robust security measures to provide our customers with the confidence and assurance they require,” said Wiebe Helder, CEO at Cargobase.

“In the dynamic world of logistics and supply chain management, large volumes of sensitive data are exchanged daily,” said Arnout Wagenaar, Chief Strategy Officer at Cargobase. “Data security is paramount for our customers, who entrust us with information critical to their operations. Achieving SOC 2 Type II compliance underscores our unwavering commitment to data integrity and protection, thus building trust with our partners and allowing us to better serve the needs of enterprise shippers worldwide.”

Understanding SOC 2 Compliance

The SOC 2 framework is a globally recognized standard developed by the American Institute of CPAs (AICPA). It focuses on Trust Services Criteria, including Security, Availability and Confidentiality to ensure that systems are protected from unauthorized access, reliably available to customers and employees, and that sensitive information remains confidential.

What is SOC 2 Type II Compliance?

Obtaining a SOC 2 report involves a CPA audit to attest to an organization’s security controls. It aims to determine whether the controls put in place are designed correctly.

Type I reports evaluate an organization’s controls at a single point in time, whereas a Type II report examines how well those controls perform over a period of time (typically 3-12 months).

What it means for our customers

This achievement reaffirms Cargobase’s position as a trusted partner for enterprise shippers worldwide. By prioritizing data security, we empower our clients to navigate the complexities of global logistics with peace of mind.

ABOUT CARGOBASE

Founded in Singapore in 2013, Cargobase is a global logistics software company whose mission is to simplify logistics for all. Its solution: “Logistics Software That Works”.

The Cargobase platform is designed for shippers to manage their local, regional or global supply chains across all freight modes, giving logistics professionals the visibility and control to make better decisions from day one.

Cargobase TMS is used in 50 countries by leading enterprise shippers across Automotive, Semiconductor, Oil & Gas and Industrial Machinery sectors. Cargobase has offices in Singapore, Malaysia, Netherlands, Mexico, and the United States.

For more information, visit www.cargobase.com.

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