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  • Data Center Asset Management Market : Drivers, Restraints, Opportunities, and Challenges- 2020

    (I-SoftwareNews.Com, July 06, 2018 ) 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 inventory management and resource planning. The data center asset management market is estimated to grow from USD 731.5 Million and projected to be of USD 2.81 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 30.89% during the forecast period. The increasing number of data centers with requirement of storage facilities and associated data center assets is driving the growth of the data center asset management market.

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    The global data center asset management report quantifies the market for software, hardware solution, and service. The end users have started transforming from traditional practices of maintaining assets list by adopting data center asset management solutions that provide real-time asset tracking, thereby reducing time and cost of tracking and managing data center assets. The data center asset management software solution market is expected to register a significant growth rate in the coming years as these solutions assist managers and professionals in gaining control of their data centers. In terms of the service market, professional services show great opportunities and are projected to grow at the highest CAGR by 2020.
    Tracking and maintaining data center assets is becoming more complex where data center asset management solutions simplify the management of assets, ensuring optimal utilization of all resources in data centers. The data center asset management market by deployment type includes on-premises and cloud. The cloud deployment type shows great potentials during the forecast period as it simplifies the management of multi-data centers.

    The data center asset management market is thriving, and in the next five years it will present huge potential opportunity in the software solutions and services. The report provides detailed insights into the global data center asset management which is segmented by component type, by deployment type, by service, by data center type, by vertical, and by region. The market has been segmented into diverse industry verticals including IT and telecom; Banking, Financial Services, and Insurance (BFSI); government and public; healthcare; energy; manufacturing; media and entertainment; and other verticals.

    The report covers all the major aspects of the data center asset management market and provides an in-depth analysis across the regions of North America, Europe, APAC, MEA, and Latin America. North America is expected to hold the largest market share, whereas the APAC region is projected to have great opportunities in this market, growing at the highest percentage of CAGR by 2020, due to the developing infrastructure and increasing number of data centers in this region.

    Though the users are quite reluctant towards changing the existing traditional data center management practices, the time and cost-saving benefits of data center asset management solutions support the adoption rate, which is expected to increase in the next five years. Few of 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., Huawei Technologies Co. Ltd., and others. These players are adopting various strategies such as new product developments, partnerships, and business expansions to cater to the needs of the market.

    To Know More About Data Center Asset Management Market @ https://www.marketsandmarkets.com/Market-Reports/data-center-asset-management-market-113596683.html

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