The $1.7 billion global data center infrastructure management market is expected to grow to $6.7 billion by 2025, according to a new report published on ResearchAndMarkets.com. The surge is expected to be driven largely by increasing demand for the cloud and data traffic moving from and within data centers, resulting in 25.8 percent in annual growth over the forecast period of 2019 to 2025.
The report also noted the need to manage limited space and high rack densities, to reduce IT system downtime, has been driving growth within the data center infrastructure management market over the past few years. The Data Centers Association reports nearly 67 percent reported an increase in rack density in the past three years. Factors driving the rack density include the growth of cloud computing and artificial intelligence. As a result, vendors are increasingly focusing on increased power consumption capacities and lower space requirements to expand their product portfolio.
The growing need for data centers has led to the development of large-scale public cloud data centers, called hyperscale data centers, which are expected to increase by more than 60 percent by 2021, as compared with 2016.
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Kali Persall is a reporter at Institutional Real Estate, Inc. and editor of iREOC Connect.