KVM switch market to reach $2.46 billion by 2032, driven by IT management demand
From GlobeNewswire: 2024-12-06 08:00:00
The KVM Switch Market was valued at $1.66 billion in 2023 and is projected to reach $2.46 billion by 2032, growing at a CAGR of 4.55%. Demand is driven by the need for efficient IT management and remote solutions, with 94% of businesses adopting KVM switches to optimize infrastructure and enhance productivity.
In 2023, standard desktop KVM switches held a 38% market share, while KVM-over-IP switches are the fastest-growing segment with a 6.12% CAGR. Single-user KVM switches dominated the market, but multi-user switches are growing at a faster pace. Large enterprises led the market, with SMEs experiencing the highest growth at 5.66%.
The IT & Telecom sector accounted for 38% of the KVM switch market in 2023, driven by the sector’s complex IT infrastructure. The healthcare sector is also growing rapidly with an estimated CAGR of 6.16% during the forecast period. North America led the market in 2023, with Asia Pacific showing rapid expansion fueled by technological advancements and increasing demand for IT management solutions. The Asia Pacific region is experiencing rapid growth in the KVM switch market, with a projected CAGR of 5.03%. This growth is driven by digital transformation in countries like China, India, and Japan, along with increased investments in IT, data center expansions, and adoption of cloud computing and IoT solutions.
Dell has launched the Inspiron 14 and Latitude 5455 laptops powered by Qualcomm’s Snapdragon X Plus 8-core processors, offering up to 45 TOPS of performance. HPE plans to acquire Juniper Networks for $14 billion to strengthen its hybrid cloud and AI strategy. IHSE USA introduces Display Management System bundles for fixed-sized KVM matrix systems.
The KVM switch market report covers key points like market dynamics, technological trends, energy efficiency metrics, competitive landscape, segmentation by component, switch type, enterprise size, and end use. Company profiles, use cases, best practices, and regional analysis are also included in the report by SNS Insider, a leading market research and consulting agency.
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