KVM Switch Market to become USD 847MN Market by 2024
The global KVM (Keyboard, Video and Mouse) Switch market is expected to expand at a moderate CAGR of around 6% over the forecast period of 2018-2024 reaching a value beyond US$ 847.4 Mn by 2024 as per the report ” Global KVM Switches Market Research Report - Industry Analysis, Size, Share, Growth, Trends And Forecast 2017 to 2024 ”.
A KVM Switch is basically a computing network hardware system that allows controlling multiple computers over a single keyboard, video monitor, and mouse (KVM). KVM switches are customarily used in data centers where multiple servers are located in a single rack. KVM switches enable network administrators to simplify IT environment and rack space. It improves the server manageability, decreases energy consumption and reduces floor space along with the number of racks and cabinets required for networking application. In addition, it considerably decreases networking cost for organizations and clutter of additional monitors, keyboards, and micerequired. Thus, abovementioned qualities of KVM switches help substantial decrease in the operational costs for organization.
Escalating applications of KVM from the traditional data center to a range of non-data center applications is the major influencing factor projected to drive the demand for advanced KVM switches in the years to come. KVM switches are progressively expanding their application in the non-data center sector including digital media/graphics, security and surveillance, kiosk management, and industrial computer control.
With KVM switches, network operators can provide connectivity to peripherals using extensions like USB, HDMI, DVI-D, display port, and serial signals. Thus, this has increased the adoption of KVM switches by using single-mode or multimode fiber cables to extend connections to keyboards, videos, and mouse. Moreover, KVM switches help to ensure high security with a minimum loss of information which in turn increasing their application across the various industries. The other features of KVM switches include USB, HDMI, DVI-D, Display Port, VGA, stereo audio, and serial signal extensions, which will lead to increased adoption of KVM devices in the future.
The demand for mini data centers will increase the need for computing as many devices are being connected to the Internet. Consequently, an increase in the demand from SMEs will increase the adoption of KVM switches, which are essential devices to control and monitor the data under small and medium enterprises.
Endless dependency on computing platforms for business operations coupled with the growing interest by organizations to boost workforce productivity is the major factor contributing the growth of global KVM switches market. Also, small and medium enterprises (SMEs) are expanding worldwide and cloud solution is getting popular. Most of the SMEs prefer to choose the in-house server for their operations, which is eventually raising the demand KVM switches.
In addition, escalating data processing centers and growing acceptance of KVM switches in healthcare sectors, where doctors can easily monitor a patient’s status, have boosted the demand of the product. KVM solutions are also useful in industrial applications such as process control stations or control rooms which are further adding impetus to the growth of global KVM switches market.
North America accounted for the largest market share in the global KVM switches market. Followed by Asia-Pacific region is expected to grow at significant pace owing to the increased number of data centers coupled with the increasing investment in data center industry. These factors are expected to spur the demand for KVM switches in the Asia Pacific throughout the forecast period in the region. The market here is majorly governed by countries such as China, Japan, India, Australia and some of the Southeast Asian countries. At the same time, Europe is projected to contribute significant market share due to constant preference to enhance workforce productivity.
Some of the prominent players involved in the global KVM Switch Market include Avocent Corporation, D-Link, ATEN INTERNATIONAL Co., Ltd., Belkin International, Inc., Dell, Adder, IBM, Rextron Technology, Inc., and FUJITSU.
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