How Does IoT Technology Impact Demand for Photonic Integrated Circuit? In 2021, the photonic integrated circuit in the industry contributes $7,639.5 million, and it is expected to rise at a rate of 20.5%, to generate $41,037.7 million revenue by 2030. The massive demand for such components in biomedical, telecommunications, and data center facilities, resulting in a growing inclination toward autonomous vehicles, electronic device miniaturization, and rapid automation in numerous sectors boosts the industry growth. Under the raw material segment, the iii-V material category holds a significant share of the industry. It is led by the technological advancements of 3D depth sensing in, automotive lighting, consumer electronics, horticultural lighting, IR LED, and LiDar applications. In addition, the silica-on-silica category captures the next significant photonic IC industry, owing to the affordable cost of setting up and operating photonic integrated circuits made by this material. In addition, such components can easily be integrated into electronic devices, and hence provides numerous opportunities to industry players. Moreover, the rising number of telecommunications networks, increasing data center demand, and growing adoption of high-performance computers enable high-speed data flow, economic cost, large bandwidth, and enhanced energy efficiency. Thus, photonics integration into electronics offers quick data transfer and leads to increasing demand for III-V raw materials. Read More: https://www.psmarketresearch.com/market-analysis/photonic-integrated-circuit-ic-market

Cloud Gaming: Is This the Future of Gaming? Cloud gaming is a technique of playing video games utilizing remote servers in data centers. There is no requirement to download and install games on a personal computer or console. Read More: https://www.psmarketresearch.com/market-analysis/cloud-gaming-market

North America Will Dominate the Data Center Market The total value of the data center market was $220 billion in 2021, and it will rise at a growth rate of above 5% in the near future, to reach around $344 billion by 2030. Read More: https://www.psmarketresearch.com/market-analysis/data-center-market

How Is 5G Adoption Boosting Data Center Infrastructure Management Demand? Data center strategy needs to be planned in such a manner that the systems never malfunction in any circumstance. As a result, data center managers are opting for data center infrastructure management (DCIM) solutions as they offer insights and visibility by monitoring different parameters, such as the performance of data center computers and servers, network operations, and security uptime, and resolving network issues as they arise. Owing to these advantages, DCIM solutions are being increasingly adopted by organizations for improving their decision-making process and by data centers for enhancing their uptime with better energy services. The surging use of such solutions can be credited to the increasing deployment of 5G network, which enables smooth movement of data between locations. This novel communication technology will offer support for extensive machine-to-machine communications, with around 100,000 connections per square kilometer. 5G also plays a significant role in establishing smart cities, which generate a huge volume of data that needs to be managed efficiently. Thus, the rising penetration of the 5G network, will steer the data center infrastructure management market growth during 2021–2030. According to P&S Intelligence, the market reached $1,425.6 million revenue in 2020. At present, DCIM solutions offered by Panduit Corporation, Infosys Ltd., ABB Ltd., IBM Corporation, Huawei Technologies Co. Ltd., Modius Inc., CommScope Inc., Nlyte Software, Delta Electronics Inc., NTT DATA Corporation, Hewlett-Packard Enterprise, Raritan Inc., and Cisco Systems Inc. are mostly used for asset management application. In recent years, information technology (IT) asset management has become very difficult due to the surging complexities of the systems. Many small organizations use paper and pen and spreadsheet-based solutions to track their IT assets, which cannot deal with the accelerating pace of IT infrastructure development. Currently, DCIM solution proving companies are mostly focusing on product development and launches to cater to the evolving needs of customers. For instance, in March 2020, ABB Ltd. introduced MegaFlex, a compact and resilient uninterruptible power supply (UPS) system, for continuous data center operations. This system was introduced to meet the burgeoning demand for infrastructure as a service (IaaS) and software as a service (SaaS) applications in business organizations, owing to which, data centers have become extensively crucial. Such novel products are being utilized by the banking, financial services, and insurance (BFSI), manufacturing, telecommunications, government and public sector, healthcare and life sciences, and IT and information technology-enabled services (ITeS) sectors for managing their data centers. All these sectors prefer on-premises solutions over the cloud-enabled ones, as monitoring data on infrastructure availability, humidity, power consumption, temperature, airflow, and other aspects has become very important, which can be efficiently done through such solutions. In the coming years, the Asia-Pacific (APAC) data center infrastructure management market will record the fastest sales of DCIM solutions, due to the accelerating adoption rate of advanced digital technologies, such as the internet of things (IoT) and machine learning, in Japan, China, and India. Moreover, the mounting investments being made in infrastructure development in these countries and escalating interest of regional governments on developing data centers will fuel the adoption of DCIM solutions in the region in the foreseeable future. Thus, the growing penetration of 5G network and soaring need for managing high volumes of data generated by several end-use industries will augment the need for DCIM solutions in the forthcoming years. Read More: https://www.psmarketresearch.com/market-analysis/data-center-infrastructure-management-dcim-market