The global KVM switch market Size was valued at USD 564.7 million in 2017 and is expected to reach USD 789.0 million by the end of the forecast period at a CAGR of 6.16%. The rise in the number of data centers globally is leading to the increased demand for KVM switches. Furthermore, its advantages including cost and space reduction along with energy efficiency are further boosting up the growth of KVM switches market.
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The key players profiled in the KVM switch market Size research report are 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).
The global KVM Switch Market has been segmented into type, user type, organization size, vertical, and region.
Based on type, the market has been segmented into KVM-desktop switch, KVM-IP switch, KVM-secure switch, KVM high-performance switch, and serial console. The KVM-IP switch segment is expected to dominate the market during the review period. However, the KVM-secure switch segment is expected to grow at the highest CAGR during the forecast period owing to the growing data security concerns.
Based on user type, the KVM switch market has been segmented into single user and multi user. The multi user segment is estimated to dominate the market during the forecast period.
Based on organization size, the market has been divided into small and medium enterprises (SMEs) and large enterprises. The large enterprise segment is expected to grow at the highest CAGR during the forecast period.
Based on vertical, the KVM switch market has been segmented into IT & telecom, government, military & defense, marine, aviation, retail, healthcare, media & entertainment, and others. The IT & telecom segment is expected to be the largest during the review period and it is expected to register the highest CAGR during the forecast period.
The KVM switch market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographic analysis of the KVM switch market is conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
North America is the largest revenue generating segment and is expected to continue its dominance during the forecast period. Factors such as growth in cloud computing, Internet of Things, and mobile computing have led to the growth of the KVM switch market in North America. North America is followed by Europe, which is also a large data center location. Also, a majority of KVM switch vendors are based out of the US, thus contributing a maximum share to the market.
Asia-Pacific is expected to grow at a significant share during the forecast period. This is due to the multinational companies such as Google, Amazon, and Microsoft relocating their data centers to Vietnam and Indonesia for data sovereignty. Furthermore, the increasing investments in the IT & telecom sector in Asia are further expected to fuel the growth of the KVM switches market.
The growing trend of SOHO and startups are some of the major trends influencing the KVM switch market which is also characterized by flexibility. Also, security & surveillance, retail, and marine industry verticals are expected to generate high demand.
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