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Energy Efficient along with Cost and Space Reduction is Expected to Drive the Growth of the KVM Market

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International-Industry -News
Energy Efficient along with Cost and Space Reduction is Expected to Drive the Growth of the KVM Market

KVM Market

As the world becomes increasingly connected and digitized, the need for data centers and data transmission networks has emerged as an important way of managing and storing data. The exponential amount of data, hyper-convergence, and continuous developments in IT infrastructure has made data centers a critical solution across industries. Companies around the globe are expected to invest more in the construction of data centers in the coming years. The ownership, renovation, and construction of new data centers are on the rise in developing as well as developed economies across the globe. For instance, in the US (a developed economy) the market for data center construction has flourished due to significant growth in data consumption and production, this trend holds true for developing countries like India. Due to a radical shift in data production and consumption in India, the need for data centers has exponentially increased. In the year 2015, the country witnessed the launch of Digital India, a government initiative for digitization and connecting rural parts of the country to the Internet, which led to the generation and consumption of huge volumes of data, which consequently led to the need for data centers. Similarly, in Africa, due to the growing number of enterprises and the increasing inclination to colocation services, the market for data center construction is growing.

In the year 2018, big tech companies announced the establishment of several data centers. For instance, Facebook Inc. announced that it is planning to open four new data centers at its cloud campus in Papillion, Nebraska. Alibaba opened two new data centers in the UK to strengthen its cloud footprint in Europe. UpCloud, launched its new data center US-SJO1, in San Jose, California, US. Digital Realty (a provider of colocation and interconnection solution) announced the opening of KIX11 data center at Osaka connected campus, Japan. Due to increasing data center construction and renovation activities, the need for KVM is increasing, which is expected to boost the overall market. The KVM switches efficiently manage numerous local and remote servers from a central location. Also, KVM switches and associated accessories are designed for use in multiple applications from small data facilities and mid-size server rooms, to large data centers; this rate of adoption has made the data centers ubiquitous. Also, manufactures of KVM invest in developing more comprehensive and cost-effective KVMs. These manufacturers offer varied types of KVM switches including USB, DVI, and HDMI among others. Therefore, end-user are given a number of options to choose from, based on their requirement and need. For instance, a number of data center providers opt for KVMs that provide support for audio, or KVMs that offer security and authentication. Based on application requirement, the end-user selects the KVM manufacturers. KVMs not only help in controlling the data center operation from one single location but also ensure cost-effective operation, which is encouraging their adoption among data center providers.

The global KVM market is expected to expand at ~2.7% CAGR to reach a market value of USD 1,155.8 million in 2025.

Competitive Analysis

The Key Players of the Global KVM Market are Black Box Corporation (US), Guntermann & Drunck GmbH (Germany), Aten International Co., Ltd (Taiwan), Adder Technology Ltd (UK), SmartAVI, Inc. (US), IHSE GmbH (Germany), Raritan (US), Vertiv Group Corp. (US), KVM Tech (Austria), Raloy Inc (US), Network Technologies Inc. (US), Matrox (Canada), RGB Spectrum (US), Icron (Canada), Gefen (US), Austin Hughes Electronics Ltd (Hong Kong), ABB (Switzerland), APANTAC LLC (US), Evertz Technologies Limited (Canada), and Thinklogical (US)

Regional Analysis

By region, the KVM market has been divided into North America, Europe, Asia-Pacific, and the rest of the world.

North America is expected to hold the largest share in the KVM market during the forecast period. The reason for the growth of the KVM market in the region is the rapid advancements in digital technology. Also, due to the presence of early technology adopters the market is expected to gain pace in the region.

According to MRFR, Asia-Pacific is expected to register the highest CAGR for the HMI software market during the forecast period. The growing number of data centers across the region and the presence of key market players in countries such as China, Japan, Taiwan are expected to fuel the growth of KVM systems during the forecast period.

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