KVM Switch Market Size, Share, Growth Analysis, Business Opportunities, Competitor Strategies and COVID Impact
Research Reports
Mar 16, 2022
Market Analysis
The global KVM switch market will touch USD 711.8 million at a 1.8?GR by 2023, states the latest Market Research Future (MRFR) report.
Drivers
Increasing Awareness Regarding Benefits of KVM Switches to Boost Market Growth
The increasing awareness regarding the different benefits of KVM switches such as cost reduction, space, and energy efficiency will boost market growth over the forecast period.
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Opportunities
Increase in Data Centers to offer Lucrative Opportunities
The increase in data centers will offer lucrative opportunities for the market over the forecast period.
Restraints and Challenges
Complexities with Running the Application to act as Market Challenge
The complexities to run the application may act as KVM Switch Market challenge over the forecast period.
Market Segmentation
The global KVM switch market is bifurcated based on type, user, size, and vertical.
By type, the IP segment will lead the market over the forecast period.
By user, the multi-user segment will dominate the market over the forecast period.
By size, large enterprises will spearhead the market over the forecast period.
By vertical, the IT segment will have the lions share in the market over the forecast period.
COVID-19 Analysis
The COVID-19 pandemic has compelled various companies in the KVM switch market in putting their business operations on halt for complying with the new rules laid down by the government. Though the overall requirement for digital services is likely to go up significantly, the effects of lockdowns and layoffs indicates that the majority of the businesses will experience a crunch, reducing costs, and declaring bankruptcy. The higher center operations, especially those with hyperscale contract will be able to weather this, but the small firms that operate in few cities with many customers may not and this is likely to affect the growth of the market till business resumes to normal.
Regional Analysis
North America to Spearhead KVM Market
North America will spearhead the KVM market over the forecast period. Increase in data centers across the globe, robust growth of traffic and big data for the presence of data centers, growth in cloud computing companies, advances in mobile computing, internet of things, and machine to machine, the growth of SOHO and startups, the wide expansion of mobile broadband, the development in Big data analytics and cloud computing, the falling process of servers, the rising adoption of cloud computing businesses & multinational companies that invest in green digital infrastructures in order to power via renewable sources are adding to the global KVM market growth in the region. Besides, the rising application of cooling system and cable clutter is also adding market growth.
Key Players
Key players profiled in the global KVM switch market report include D-Link Corporation (Taiwan), Aten International Co., Ltd (Taiwan), Dell Inc. (US), IOGEAR (US), Vertiv Co. (US), Hewlett Packard Enterprise (US), Belkin International, Inc. (US), Raritan Inc. (US), Fujitsu Ltd. (Japan), and Network Technologies Inc. (US).
Key players have incorporated several strategies to stay at the forefront such as new product launches, mergers and acquisitions, partnerships, geographic expansions and more.
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