Global Data Center Monitoring Systems Industry Analysis (2023 to 2033)
The global data center monitoring systems market was estimated at US$ 2.6 billion in 2022. Based on the market report, demand for data center monitoring systems is projected to increase at a CAGR of 15.8% to reach US$ 12.4 billion by 2033.
Organizations are constantly looking for opportunities to gain visibility and insight into the health and condition of their data centers. Increasing demand for data centers and cloud storage systems has led to a growing demand for data center monitoring systems in the market. Increasing awareness about the energy consumption of data centers and their impact on the environment is expected to increase the market demand for data center monitoring systems in the future.
Data Points
Key Statistics
Estimated Base Year Value (2022)
US$ 2.6 billion
Expected Market Value (2023)
US$ 2.86 billion
Anticipated Forecast Value (2033)
US$ 12.4 billion
Projected Growth Rate (2023 to 2033)
15.8% CAGR
Among the factors supporting the market are:
Increasing demand for green data centers
Internet technologies are advancing at an ever-increasing rate
Rising demand for smart and wearable devices
Markets in emerging countries are becoming more active
Growing research and development projects
Rising government funding and regulatory requirements
A growing security threat
Offering end-to-end services
Reliability of web applications
Growing demand for high-performance storage
Digitalization is accelerating at an increasing rate
Sustainable networks are in greater demand
Virtualization is growing at an exponential rate
Data centers are becoming more accessible to small and medium-sized organizations. Organizations around the region are bringing their networks to the edge, ranging from healthcare clinics to manufacturing businesses, banks to universities. Businesses are investing in monitoring systems for data centers to ensure that they operate efficiently and effectively. As a result of these systems, potential issues are identified and resolved quickly before they are escalated into serious problems. The presence of major players in different regions and the growth of small markets are contributing to the market's growth.
In North America, data centers are expected to be more visible in the coming years, leading to an increase in market demand for data center monitoring systems to rise in the future. The growing evolution of digitization in the United States is expected to result in high demand for data centers over the coming years. In the United States, data centers consume about 450 Billion gallons of water a day to produce electricity and cool their machines. Consequently, leak detection sensors have now become a widely used tool for detecting leaks in pipes or in the event of a flood.
Overall, data center monitoring systems play a crucial role in enhancing the efficiency and effectiveness of data centers worldwide. A system like this monitors crucial systems and identifies potential problems to reduce downtime and maximize performance for long-term survival. A study by the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE), an energy standard-setting organization, states that the temperature range in which data centers should be kept should be between 64°F and 81°F.
According to the Vertiv survey, edge sites will grow by 226% from 2019 to 2025. Following the outbreak of the pandemic, the market has grown even more rapidly since the survey was conducted. To meet the growing demands of organizations, data centers are continuously being upgraded to enhance their capacities in the market. In another survey from Uptime Institute, UPS failure has caused 53% of power-related outages. It is unlikely that a UPS will be knocked out by one failing fan. However, these units can fail if multiple fans fail at the same time. As a result of continuously monitoring the environment, operators of data centers can detect minute changes within a facility in advance of malfunctions.
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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 centers. Data center monitoring systems is also used to monitor, diagnose, and manage a host of different data center network technologies including fiber channel, Ethernet connectivity, and proprietary architectures.
Data center monitoring systems is playing a crucial role in 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 strengthening 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 the need for monitoring network security proactively, as people are remotely connected and consuming enterprise resources by using data centers tools.
Businesses 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, the data center monitoring systems market is estimated to grow by 1.8X from 2019 to 2020 and would see a surge in demand amid the COVID-19 outbreak, as growing adoption in the IT & telecom industry becomes the new norm. Furthermore, the overall data center monitoring systems market is projected to grow at an increasing rate, from Q1 2021 onwards.
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Data Center Monitoring Systems Market: Drivers and Challenges
Drivers
The major factor which is driving the data center monitoring systems market is the increasing demand for network performance monitor solutions and storage resource monitor solutions to improve the overall performance of data centers. Also, the growth of the data center monitoring systems market is boosted due to the increasing digitalization, virtualization, services management, and sustainability management.
The data center monitoring systems offer different benefits such as improving uptime, increased efficiency, optimizing capacity utilization, increasing people productivity, and reducing risk. Such benefits create potential growth opportunities for the data center monitoring systems market, during the forecast period.
Thus, increasing awareness about the adoption of a 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.
Challenges
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 pose a bigger challenge.
Lack of adoption of data centers across underdeveloped countries, and high implementation costs 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.
ABB
Vertiv Co
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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 the 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 assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic 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 (USA, Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Europe (Germany, Italy, United Kingdom, 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 regions.
