According to a new report, published by KBV research, The Global Data Center Asset Management Market size is expected to reach $5.52 billion by 2031, rising at a market growth of 14.5% CAGR during the forecast period.
The Software segment captured the maximum revenue in the Global Data Center Asset Management Market by Component in 2023, thereby, achieving a market value of $3.8 billion by 2031. As data centers grow in complexity, businesses are investing in real-time monitoring, predictive maintenance, and intelligent asset optimization software to enhance operational efficiency and reduce downtime.
The On-premise segment is experiencing a CAGR of 14 % during the forecast period. Industries such as banking, healthcare, and government prefer on-premise deployment due to strict data protection regulations like GDPR, HIPAA, and PCI DSS, which require organizations to store and manage sensitive information within their data centers. Additionally, large enterprises and hyperscale data centers opt for on-premise solutions to ensure high availability, low latency, and real-time monitoring of their IT assets.
The IT & Telecom segment led the maximum revenue in the Global Data Center Asset Management Market by End-use in 2023, thereby, achieving a market value of $1.5 billion by 2031. With the increasing demand for low-latency services, edge computing, and hyperscale data centers, telecom companies and IT enterprises require real-time asset tracking, automated maintenance, and energy-efficient solutions to optimize performance.
The Inventory Management segment is growing at a CAGR of 13.3 % during the forecast period. As organizations expand their IT infrastructure, managing thousands of servers, networking devices, storage units, and power systems becomes complex and requires advanced tracking solutions. The adoption of AI-driven inventory tracking, RFID tagging, barcode scanning, and IoT-enabled monitoring has enhanced efficiency by reducing manual errors and preventing asset misplacement.
Full Report: https://www.kbvresearch.com/data-center-asset-management-market/
The North America region dominated the Global Data Center Asset Management Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.2 billion by 2031. The Europe region is anticipated to grow at a CAGR of 14.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 15.1% during (2024 - 2031).
By Component
By Deployment
By End-use
By Application
Unique Offerings 
