Data Center Asset Management Market Size, Share, Trends, Industry Analysis Report: By Component (Software and Services), Deployment, Application, End Use, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:Apr-2025
- Pages: 125
- Format: PDF
- Report ID: PM5573
- Base Year: 2024
- Historical Data: 2020-2023
Data Center Asset Management Market Overview
The global data center asset management market size was valued at USD 2,419.42 million in 2024. The market is projected to grow from USD 2,778.32 million in 2025 to USD 9,924.99 million by 2034, exhibiting a CAGR of 15.2% from 2025 to 2034.
Data center asset management refers to the process of tracking, managing, and optimizing the physical and virtual assets within a data center, such as servers, storage devices, and networking equipment. It helps ensure efficient use of resources, minimizes downtime, and supports effective maintenance, upgrades, and capacity planning.
The rising focus on sustainable building practices has driven the adoption of insulation solutions that reduce heat loss, lower carbon footprints, and enhance overall building efficiency. Modern infrastructure projects increasingly demand such advanced thermal and acoustic insulation solutions.
Cloud computing has become a vital part of business strategies worldwide as companies migrate to the cloud for scalability and flexibility. The adoption of cloud services leads to more distributed data centers involving both on-premises and cloud-based infrastructure. Effective data center asset management solutions are essential to monitor, track, and optimize both physical assets, such as servers, and virtual assets, like cloud resources. These solutions help businesses maintain control over their resources, ensure smooth integration of cloud services, and maximize efficiency in managing diverse infrastructures. This, in turn, is fueling the data center asset management market development.
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Data Center Asset Management Market Dynamics
Rising Government Incentives
Governments worldwide are offering financial support, tax breaks, and grants to encourage businesses to invest in data centers. For instance, according to the India Investment Grid, India's Ministry of Information Technology has launched incentives as part of a comprehensive national policy framework aimed at fostering the development of data centers. These incentives help reduce the costs of building and upgrading data center infrastructure, leading to more efficient and sustainable operations. Consequently, businesses are increasingly adopting advanced asset management solutions to track and optimize their resources within these new, government-supported data centers, thereby driving the data center asset management market expansion.
Advancements in IoT and Automation
The Internet of Things (IoT) and automation technologies are transforming data center operations, enabling real-time monitoring and management of assets. Sensors and automated systems help track asset conditions, utilization rates, and maintenance needs, eliminating the need for manual input. Asset management solutions that integrate IoT and automation allow data centers to gather and analyze vast amounts of data, improving decision-making, predicting maintenance requirements, and optimizing resource allocation. The growing adoption of IoT and automation technologies is fueling the need for advanced asset management systems capable of handling the complexity of these interconnected devices, thereby fueling the data center asset management market revenue.
Data Center Asset Management Market Segment Insights
Data Center Asset Management Market Assessment by Component Outlook
The data center asset management market assessment, based on component, includes software and services. The software segment is expected to witness the fastest growth from 2025 to 2034. Software solutions are crucial for tracking, monitoring, and optimizing both physical and virtual assets within data centers. These tools provide real-time insights into asset utilization, performance, and maintenance needs, which help improve decision-making and efficiency. The demand for advanced software solutions is growing as data centers are becoming more complex with the adoption of cloud services, automation, and IoT technologies, thereby fueling segmental growth in the global market.
Data Center Asset Management Market Evaluation by Deployment Outlook
The data center asset management market evaluation, based on deployment, includes cloud and on-premise. The on-premise segment dominated the market in 2024 due to its ease of customization. On-premise solutions allow businesses to have full control over their asset management systems and tailor them according to their specific needs and infrastructure requirements. These solutions are integrated directly into existing systems, providing improved security and flexibility. The ability to customize on-premise solutions makes them particularly appealing for organizations that require highly specialized configurations. This level of control and personalization contributes to the segment’s dominance in the market.
Data Center Asset Management Market Regional Analysis
By region, the study provides the data center asset management market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America dominated the global market in 2024, driven by the region's advanced technology infrastructure and high demand for efficient data center operations. The US and Canada have numerous data centers, including hyperscale facilities, requiring robust asset management solutions. The region's focus on digital transformation, cloud computing, and data security is further boosting the demand for asset management tools. Additionally, government initiatives and the presence of key industry players drive continuous innovation in asset management software and services and contribute to the region’s leading market position.
Asia Pacific is expected to record a significant share during the forecast period due to the region's expanding digital landscape and increasing adoption of cloud services. Countries like China, Japan, and South Korea are investing heavily in building data center infrastructures to support their growing economies and digital needs. The increasing demand for data storage, coupled with advancements in IoT, automation, and AI technologies, is fueling the data center asset management market expansion in Asia Pacific.
The India data center asset management market is experiencing substantial growth due to the country’s expanding digital landscape and increasing demand for data storage and management solutions. The need for efficient data centers to handle vast amounts of data is growing as more businesses are embracing cloud computing, e-commerce, and digital transformation. India is investing in the development of data center infrastructure, supported by government initiatives and favorable policies. Additionally, the growing adoption of IoT, automation, and AI technologies is driving the need for advanced asset management systems. The combination of infrastructure growth and technological advancements is driving the market growth in the country.
Data Center Asset Management Market – Key Players and Competitive Insights
The data center asset management market is constantly evolving, with numerous companies striving to innovate and distinguish themselves. Leading global corporations dominate the market by leveraging extensive research and development, and advanced techniques. These companies pursue strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to enhance their product offerings and expand into new markets.
New companies are impacting the market by introducing innovative products to meet the demand of specific market sectors. This competitive environment is amplified by continuous progress in product offerings. Major players in the data center asset management market include BGIS; Device42; Eaton; EkkoSense; FNT GmbH; Nlyte Software; Panduit Corp.; Schneider Electric; Sunbird Inc.; and Vertiv Group Corp.
Eaton is an intelligent power management company offering power solutions through industry-leading products and services in aerospace, electrical, vehicle, and hydraulic sectors. The company’s products and services are categorized under various business segments, including Electrical Americas and Global, Aerospace, Vehicle, Emobility, and Hydraulics. The company offers multiple products, including actuators and motion control, clutches and brakes, cylinders, electric circuit protection, energy storage systems, hydraulic motors & generators, lighting and controls, plastics, pumps, utility & grid solutions, valves, and others. In addition, Eaton provides various services for electrical and power management, including consulting services, engineering studies, design and analysis, grid modernization, power systems automation and control, preventive maintenance, and other turnkey electrical services. The company offers DPCM for performance and asset management solutions for data centers. It helps enterprise, colocation (colo), hyperscale, and edge data centers improve operational efficiencies and maximize valuable space, power, and cooling resources.
Schneider Electric is a leader in the digital transformation of energy management and automation. The company offers software, control, and end-point-to-cloud integration connecting products and services and enables lifecycle solutions from designing and building to maintaining phases with a digital twin. The company offers its products in various segments, including building automation and control, low voltage products and systems, residential and small businesses, solar and energy storage, critical power, cooling and racks, medium voltage distribution and grid automation, and industrial automation and control. In addition, the company delivers digital transformation solutions for automotive, data centers, healthcare, hotels, life sciences, marine, mining, and energy sectors. Moreover, Schneider Electric provides various energy management, industrial automation, and data center software. The company has been majorly operating its business in North America, Western Europe, and Asia Pacific. Schneider Electric provides EcoStruxure IT Advisor, which is a cloud-based DCIM solution that helps data center managers cut operating expenses and plan for uptime.
List of Key Companies in Data Center Asset Management Market
- BGIS
- Device42
- Eaton
- EkkoSense
- FNT GmbH
- Nlyte Software
- Panduit Corp.
- Schneider Electric
- Sunbird Inc.
- Vertiv Group Corp.
Data Center Asset Management Industry Developments
In April 2024, RF Code announced a strategic partnership with Schneider Electric, integrating RF Code’s wire-free asset management solution with Schneider Electric’s EcoStruxure IT to improve real-time asset tracking and data center optimization.
Data Center Asset Management Market Segmentation
By Component Outlook (Revenue, USD Million, 2020–2034)
- Software
- Services
By Deployment Outlook (Revenue, USD Million, 2020–2034)
- Cloud
- On-Premise
By Application Outlook (Revenue, USD Million, 2020–2034)
- Inventory Management
- Capacity Planning & Optimization
- Power & Energy Management
- Change Management
- Compliance & Security Management
- Others
By End Use Outlook (Revenue, USD Million, 2020–2034)
- BFSI
- Healthcare
- Energy
- IT & Telecom
- Government & Defense
- Others
By Regional Outlook (Revenue, USD Million, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Data Center Asset Management Market Report Scope
|
Report Attributes |
Details |
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Market Size Value in 2024 |
USD 2,419.42 million |
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Market Size Value in 2025 |
USD 2,778.32 million |
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Revenue Forecast by 2034 |
USD 9,924.99 million |
|
CAGR |
15.2% from 2025–2034 |
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Base Year |
2024 |
|
Historical Data |
2020–2023 |
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Forecast Period |
2025–2034 |
|
Quantitative Units |
Revenue in USD million and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
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Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The data center asset management market size was valued at USD 2,419.42 million in 2024 and is projected to grow to USD 9,924.99 million by 2034.
The global market is projected to register a CAGR of 15.2% during the forecast period, 2025–2034.
North America had the largest share of the global market in 2024.
A few of the key players in the market are BGIS; Device42; Eaton; EkkoSense; FNT GmbH; Nlyte Software; Panduit Corp.; Schneider Electric; Sunbird Inc.; and Vertiv Group Corp.
The on-premise segment dominated the data center asset management market in 2024 due to the ease of customization in the on-premise mode of deployment.
The software segment is expected to witness the fastest growth during the forecast period as software solutions are crucial for tracking, monitoring, and optimizing both physical and virtual assets within data centers.
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