According to Future Market Insights, the global advanced server energy monitoring tool market valuation is worth US$ 39.5 billion in 2023 and is projected to grow at a 13.5% CAGR between 2023 and 2033. Advanced server energy monitoring is software that provides a precise and real-time picture of a server's energy consumption. This data is then utilized in several DCIM Data Center Infrastructure Management toolsets to trigger real-time updates or modifications to the overall data infrastructure. Telecommunication Services and information and technology applications account for the majority of tool sales in the advanced server energy monitoring market.
| Attributes | Details |
|---|---|
| Market Size 2022A | US$ 34.79 Billion |
| Market Size 2023E | US$ 39.5 Billion |
| Market Size 2033F | US$ 140.1 Billion |
| Value CAGR (2023 to 2033) | 13.5% |
However, the market for advanced server energy monitoring tools is anticipated to have a positive outlook due to the growing adoption of cloud computing and the other aforementioned technologies. In comparison to other markets, the US advanced server energy monitoring tools market is anticipated to create significant sales opportunities throughout the forecast period.
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According to FMI market analysis, the Advanced Server Energy Monitoring Tools market from 2018 to 2022 exhibited a historical growth rate of 9.4% CAGR. This historical growth is attributed to the continuous advancements in the information technology sector and the extensive use of data centers, in which efficient management of energy distribution, consumption, and allocation is important. The demand for sophisticated server energy monitoring solutions is being driven by the requirement for clear management of consumption and allocation across numerous industry sectors.
However, according to the most recent FMI analysis, the market is expected to grow at a rate of 13.5% between 2023 and 2033. Advanced Server Energy Monitoring Tools are used to collect, comprehend, and simplify data. It is very affordable to implement these tools into an existing system to not only identify the wastage of energy but also reduce or eliminate it, which leads to proper energy management, which refers to the dynamic management of server components’ performance to reduce power consumption. This helps small and large organizations to measure, evaluate, and reduce up to 30% of their energy costs, which lessens the negative financial and environmental effects of inefficient energy consumption. Based on these features and facts, the Advanced Server Energy Monitoring Tools market is expected to witness significant growth during the forecast period.
Globally, organizations' profitability is being impacted by an increase in incidents connected to energy loss and inefficient distribution. In order to maximize the use of various energy resources and reduce energy loss, various end-use businesses are moving toward sophisticated server energy monitoring technologies. This helps to boost productivity and generate more revenue.
The demand for advanced server energy monitoring tools is likely to increase in the near future due to factors like the growing popularity of cloud computing, the growing demand for real-time data analytics, the increased need for reliable and efficient information technology platforms for monitoring, controlling, and optimizing energy resources in various end-use industries, and the increasing adoption of advanced energy monitoring tools to advance various business channels.
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With the advancement of technology, the global key players are highly focused on launching their solutions with many advanced features, which include a high investment cost that is restricting the other players from entering the market. Over the forecast period, the market is estimated to be hampered by factors such as the need for a large amount of investment capital, the high cost of energy monitoring tools, the presence of international key players with high-cost services, and a lack of awareness towards energy-efficient systems in emerging nations, which will lead to slow adoption of new technologies and limit the market growth.
The market for advanced server energy monitoring technologies is also growing as a result of increased government involvement, particularly in Europe and the USA, in efforts to increase energy savings potential and cut consumption. The market for sophisticated server energy monitoring tools is likely to experience considerable growth in the coming year as a result of the rising adoption of ASPs, SaaS, and cloud computing technologies. Hence, these regions are expected to create noteworthy sales opportunities during the forecast period.
In the Asia Pacific region, especially in China and India, booms in the telecommunications and IT sectors are projected to create a sustainable demand for server energy monitoring tools during the assessment period. Market opportunities for advanced server energy monitoring tools are expected to remain limited in Latin America, the Middle East, and Africa due to limited IT infrastructure.
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Key players in the global Advanced Server Energy Monitoring Tool Market are HP, IBM, Sun Microsystems, Alstom, ABB, OSI and Siemens, and others.
With the strong presence of several global and local players, the market appears to be highly competitive. The growing IT sector and industrial sector with rising automation in industrial sectors will present opportunities for key market participants.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 13.5% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in 000’Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Component Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, Benelux, Russia, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, South Africa, North Africa |
| Key Companies Profiled | HP; IBM; Sun Microsystems; Alstom; ABB; OSI; Siemens; Cisco System; Dell |
| Customization & Pricing | Available upon Request |
In 2023, the value of the Advanced Server Energy Monitoring Tool Market reached over US$ 39.5 Billion.
During the forecast period, the Advanced Server Energy Monitoring Tool Market is estimated to expand at a CAGR of 13.5% from 2023 to 2033.
The Advanced Server Energy Monitoring Tool Market is projected to reach US$ 140.1 Billion by the end of 2033.
The Information and Technology segment is projected to grow with the highest CAGR during the forecast period.
Key players in the global Advanced Server Energy Monitoring Tool Market are Dell Inc., Hewlett-Packard Company, IBM Corporation, Fujitsu Ltd., Cisco Systems, and Siemens
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Advanced Server Energy Monitoring Tools Market
