Data Center Monitoring Systems Market
Data Center Monitoring Systems Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031
Market Insights on Data Center Monitoring Systems covering sales outlook, demand forecast & up-to-date key trends
Data Center Monitoring Systems Market Overview
A data center monitoring system can be utilized for managing all devices and network systems within the data centres. Data center monitoring systems are based on three parameters such as server performance, network connectivity, and storage performance.
These systems are very helpful for monitoring switches and routers for connectivity in customer’s data center. Data center monitoring systems is also used to monitor, diagnose, and manage a host of different data center network technologies including fibre channel, Ethernet connectivity, and proprietary architectures.
Data center monitoring systems is playing crucial role for monitoring the responsiveness and availability of critical websites and web applications from the end-user perspective. The increasing introduction of virtualized data centre security solutions and collaborations with various channel partners, is expanding their presence and strengthen their position in the global data center monitoring systems market.
Due to a sudden increase in cybercrimes and data hacking activities, enterprises have started focusing on the adoption of better data center monitoring solutions for securing the information deployed on the cloud as well as on-premises, and to strengthen internal security structures.
Impact of COVID-19 Pandemic Outbreak on Data Center Monitoring Systems Market
The COVID-19 pandemic outbreak has created disruption in many industries, including the data center monitoring systems market. Many private as well as government organizations have allowed their employees to work from home amid the lockdowns, which has created need for monitoring the network security proactively, as people are remotely connected consuming enterprise resources by using data centers tools.
Business are increasingly adopting data center monitoring systems to manage such security risks in the new home-working environment.
All the interaction with the outside world has been driven online and data centers are the backbone supporting increased internet traffic, offering collaborative support to businesses and maintaining data security.
Hence, data center monitoring systems market is estimated to grow by 1.8X from 2019-2020 and would see a surge in demand amid the COVID-19 outbreak, as growing adoption in IT & telecom industry becomes the new norm. Furthermore, the overall data center monitoring systems market is projected to grow at an increasing rate, Q1 2021 onwards.
Data Center Monitoring Systems Market: Drivers and Challenges
The major factor which is driving the data center monitoring systems market is the increasing demand for network performance monitor solution and storage resource monitor solution to improve overall performance of data centers. Also, the growth of the data center monitoring systems market is boosting due to the increasing digitalization, virtualization, services management, and sustainability management.
The data center monitoring systems offers different benefits such as improving uptime, increased efficiency, optimizing capacity utilization, increasing people productivity, and reducing risk. Such benefits creating potential growth opportunities for the data center monitoring systems market, during the forecast period.
Thus, increasing awareness about the adoption of data centre monitoring system is among the primary factors boosting the adoption of data centres across the globe, and this is contributing to the growth of the global data centre mentoring system market in terms of market value.
However, as the cyber threat landscape continues to grow, data center monitoring systems providers are not regularly upgrading their software and services when it comes to monitoring updates, which could poses a bigger challenge.
Lack of adoption of data centers across underdeveloped countries, and high implementation cost among other factors, are anticipated to restrict the growth of the data center monitoring systems market over the forecast period.
Data Center Monitoring Systems Market: Competition Landscape
Some of the prominent players providing data center monitoring systems are
- Schneider Electric
- Panduit Corp.
- Siemens AG
- Cisco Systems, Inc.
- Vertiv Co
Data Center Monitoring Systems Market: Regional overview
By geography, the data center monitoring systems market has been segmented into North America, Europe, Latin America, East Asia, South Asia & Pacific, and MEA (the Middle East & Africa). Among these regions, North America is expected to dominate the global data center monitoring systems market due to high presence of large data centers and increasing cyber threats/attacks in the region.
Moreover, South Asian countries like Singapore, Thailand, Indonesia and others, would also offer potential growth opportunities for the market growth.
The data center monitoring systems market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The data center monitoring systems market report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers exhaustive analysis on
- Data Center Monitoring Systems Market Segments
- Data Center Monitoring Systems Market Dynamics
- Data Center Monitoring Systems Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Technology Landscape
- Value Chain of the Market
- Data Center Monitoring Systems Market Drivers and Restraints
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Rest of Europe)
- East Asia (China, South Korea, Japan)
- South Asia & Pacific (India, ASEAN, Australia & New Zealand, Rest of South Asia)
- Middle East and Africa (GCC Countries, Turkey, South Africa, Rest of MEA)
Data Center Monitoring Systems Market: Segmentation
The data center monitoring systems market has been segmented on the basis of solutions, verticals and region.
- Network Performance Monitor
- Network Configuration Manager
- Virtualization Manager
- Storage Resource Monitor
- Professional Services
- System Integration and Deployment
- Support & Maintenance
- Managed Services
- Professional Services
- Banking, Financial Services, and Insurance (BFSI)
- Consumer Goods and Retail
- Aerospace and Defense
- Energy and Utilities