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The global KVM switch market was valued at USD 606.9 million in 2022 and is expected to reach USD 5.9 Billion by the end of the forecast period with a CAGR of 7.20%.
KVM Switch Market Overview:
Growing demand for enterprise data storage devices and drivers is driving the demand for KVM switches.
Factors such as edge computing, cloud computing, government regulations, high data center operating costs, and advances in smart computing devices are expected to significantly impact the growth of the KVM switch market. According to Cisco Systems, the amount of big data in data center storage worldwide is expected to reach 403 exabytes by 2021, with a significant portion of it coming from the United States.
Several companies are investing in expanding operations to strengthen their global presence and strengthen their market presence. For example, in January 2020, wholesale data center colocation provider Stack Infrastructure raised more than $1 billion to construct a massive 125-acre, 4-million-square-foot campus in Northern Virginia, USA. The new data center campus is expected to provide over 250 megawatts of critical capacity along with flexible, customizable facilities capable of serving a large number of data center users.
Companies with broad portfolios and vulnerabilities to cyberattacks, such as banking, telecommunications, and IT, store their data in the cloud and provide enhanced security features to protect sensitive information from intrusion. KVM switches help users control data stored on multiple systems and provide proof of access. Growing demand for cloud storage will significantly contribute to the growth of the KVM switch market.
KVM Switch Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global KVM Switch Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Key Market Updates:
Major Market Segments Covered in KVM Switch Market Industry Research:
Market Key Players:
Adder Technology, Aten International, Avocent Technology, Belden, Belkin International, Black Box, D-Link, Dell Technologies, Guntermann & Drunck, HPE, IHSE, IOGEAR, Icron Technologies, Kramer Electro, And Others.
By Type:
By Application:
By Switch Type:
By Region:
The United States is the largest market in the region and currently has the largest number of data centers worldwide and is witnessing strong growth in terms of big data and volume of traffic due to the increase in data centers.
Expansion of mobile broadband, growth of cloud computing and big data analytics are driving the demand for KVM switches in this region. Additionally, falling server prices have increased cloud computing business adoption across North America, which is expected to propel switch demand over the forecast period.
Multinational corporations in the region, such as Facebook, Microsoft, Apple, Google and others, are investing in green digital infrastructure to power through renewable sources. For example, in 2019 Google invested over US$13 billion in data centers and offices in the United States. These market developments are expected to boost the demand for KVM switches over the forecast period.
Significant Market Dynamics:
Drivers
According to Cisco Systems, another prominent player in global KVM switch market operations on a large scale, the amount of big data employed and used for data center storage worldwide is expected to reach 403. Exabytes by the end of 2021. In North America for the forecast period ending in 2030, the US region will account for a significant portion of this. Following this trend, there are a ton of companies allocating their budgets to investments. Expand your KVM switch market operations and strengthen your global presence. These are likely to present excellent drivers and opportunities to the market to grow at the forecast rate by the end of the 2030 forecast period.
Restraints
Although the expansion of KVM switch market size is expanding and a similar trend is expected to follow in the forecast period of 2021-2030, risks related to data leakage, misuse and misunderstanding always prevail. This prohibits customers and target audiences, especially new customers, from entering information so that global market players can use and extend their devices and services to better function and access information.
KVM Switch Market report scope:
Report Attributes |
Details |
Growth Rate |
CAGR of 7.20% from 2022 to 2030. |
By Type |
USB Hub Based KVM, Emulated USB KVM, Semi-DDM USB KVM, DDM USB KVM |
By Application |
Enterprise Level, SMB Level, Small Office and Home Office |
By Companies |
Adder Technology, Aten International, Avocent Technology, Belden, Belkin International, Black Box, D-Link, Dell Technologies, Guntermann & Drunck, HPE, IHSE, IOGEAR, Icron Technologies, Kramer Electro |
Regions and Countries Covered |
|
Base Year |
2022 |
Historical Year |
2017 to 2022 |
Forecast Year |
2023 to 2030 |
Crucial Points from this KVM Switch Market Report
Frequently Asked Questions-