iCrowdNewswire Dec 31, 2020 5:00 AM ET
Market Research Future (MRFR) projects that the KVM switch market 2020 can touch USD 711.8 Million by 2023-end. MRFR also believes that the market growth will be at a rate of 1.8% from 2018 to 2023, considered to be the forecast period. We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
Top Boosters and Main Restraints
Product advancement and innovations are the top strategies that are being increasingly adopted by the leading companies in the KVM switch market. These marketing hacks lead to expansion of customer base, higher profit gain by the players and also benefit the global market to a large extent. For instance, in May 2020, Matrox added WAN back up to its Matrox Extio 3 IP KVM extenders, which features switching support, multidisplay extension as well as 4K. These KVM switches facilitate remote experience that is quite critical in a number of control room applications, such as process control, industrial and automation, military and defense, broadcast, medical, education, to name a few.
Surge in the number of data centers, especially across developing countries, combined with the flexibility that KVM switches offer, are some of the key growth boosters in the global market. A lesser known benefit of KVM switches is their ability to save power and energy. Power is less consumed since KVM switches limit hardware redundancy, which leads to reduced electrical load. Considering these properties, KVM switches are progressively finding use in marine, IT & telecom, military & defense and aviation industries.
Prominent companies actively seeking a better position in the KVM Switch industry are Dell Inc. (US), Fujitsu Ltd (Japan), D-Link Corporation (Taiwan), Vertiv Co.(US), Raritan Inc. (US), IOGEAR (US), Network Technologies Inc. (US), Aten International Co., Ltd (Taiwan), Hewlett Packard Enterprise (US), APC (US), Belkin International, Inc. (US), and more.
Other than the above mentioned, some other firms trying to make their presence felt in the industry are Lantronix, Inc. (US), Adder Technology (UK), Tripp Lite (US), Belden Inc. (US), to mention a few.
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KVM Switch Industry has been considered for type, user type, organization size and vertical.
The types of KVM switches are KVM-IP switch, KVM-desktop switch, KVM high-performance switch, serial console and KVM-secure switch. The best growth can be observed by the KVM-IP switch segment in the global market while the fast expanding segments can be KVM high-performance switch and KVM-secure switch.
The user types covered in the study are single user as well as multi user. The bigger share in the global market can go to the multi-user segment during the conjectured period.
The ranges depending on the organization size include small & medium enterprises or SMEs along with the large enterprises. The SMEs segment can achieve the highest advancement rate in the following period, on account of the rising number of startups around the world.
The main verticals studied in the research include healthcare, marine, retail, aviation, media & entertainment, military & defense, government, IT & telecom, and others. The KVM switches market is presumed to be dominated by the IT & telecom segment over the next few years on account of the ever-rising demand in server rooms as well as data centers.
The regional dissection of the KVM switch market comprises Europe, North America, APAC/Asia Pacific, along with RoW/the rest of the world that includes Africa, Latin America and the Middle East.
North America exhibits the highest growth potential out of all the regions in the global market, with the second lead expected to go to Europe. The expansive pool of data centers in the region owing to the surge in cloud computing firms has been an incredible growth enhancer in the KVM switches market in North America as well as Europe. Advancements in the IoT, M2M and mobile computing have boosted the number of data centers, which ultimately profits the European and North American market. The rapidly growing SOHO or small office/home office along with emergence of new startups in Europe and North America are driving the markets in both the regions.
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Major Highlights of TOC Covers:
- Executive Summary
- Key Business Trends
- Regional Trends and Growth
- Product Trends
- End-use Trends
- Definition and Forecast Parameters
- KVM switch Market Segmentation
- KVM switch Market Landscape
- Vendor Matrix
- Company Profiles
- Business Overview
- Financial Data
- Product Landscape
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