The KVM Switch Market is expected to reach US$ 1,058.0 Mn in 2022, growing at a robust 2.4 percent CAGR between 2022 and 2028. Based on the results of the analysis, the market is expected to see continued demand from telecom and IT industry operators, as well as the banking and insurance sectors, in the future years. The KVM switch’s modest demand rise in the global market has been attributed to its acceptance in emerging economies.
Market Trends in KVM Switches Around the World
Over the forecast period, the KVM Switch market is likely to rise due to rising demand for KVM switches in the telecom and IT industries. Furthermore, KVM switches offer a level of versatility that meets the needs of both small and medium-sized home offices as well as other major enterprise-grade applications.
In addition, data center users and workers can connect to any server in the rack cabinet using these KVM switches. As a result, rising demand for KVM switches from SMEs and large businesses is likely to drive market expansion in the coming years.
On the other hand, the high affordability factor offered by improved cloud computing solutions is predicted to reduce data center adoption rates during the forecast period, which would have a negative influence on the worldwide KVM switches market’s growth.
The Competitive Landscape of the Global KVM Switch Market
Dell Inc., Belkin International, Inc., D-Link Corporation, Aten International Co., Ltd., IOGEAR, Vertiv Co., Hewlett Packard Enterprise, Fujitsu Ltd., Network Technologies Inc., APC (Schneider Electric), Adder Technology, Thinklogical (Belden Inc.), and Tripp Lite are some of the key players involved in the manufacturing of KVM switches that are included in this study.