KVM Switch Market Size

KVM Switch Market Analysis

KVM Switch Market is expected to grow at a CAGR of 5% during the forecast period 2021 to 2026. Increasing demand for data storage devices and drivers by enterprises are driving the demand for KVM switches.

• The factors such as advancement in edge computing, cloud computing, government regulations , high data center operational cost, and progress in smart computing devices are anticipated to significantly influence the growth of the KVM switch market. According to Cisco Systems, the volume of big data in data center storage worldwide is expected to reach 403 exabytes by 2021, of which a considerable share will be accounted for by the US.
• Several companies are investing in the expansion of their operations to strengthen their global footprint and enhance their market presence. For instance, in January 2020, Stack Infrastructure, a wholesale data center colocation provider, raised over USD 1 billion to build a massive 125 acre, four million-square-foot campus in Northern Virginia, US. The new data center campus is expected to offer more than 250 megawatts of critical capacity with flexible build-to-suit facilities capable of serving large data center users.
• Enterprises having an extensive portfolio and high susceptibility to cyber-attacks such as banking, telecom, and IT are storing data on the cloud and providing enhanced security features to protect critical information from intrusions. KVM switches help users to control the data that is stored in multiple systems and also prooffersy access. The growing demand for cloud storage will significantly contribute to the growth of the KVM switch market.
• Over a some timehe application of KVM switches has extended from data centers to non-data center applications such as surveillance, kiosk management, digital media, and industrial computer control. In surveillance applications, the KVM switch is used as a digital interface to consolidate non-IP surveillance equipment such as CCTV and help to access them remotely.
• COVID-19 pandemic has forced many companies in the KVM Switch market to halt their business operations in tomply with the new government rulings. While overall demand for digital services is expected to rise rapidly, the impact of lockdowns and layoffs means that many businesses will experience a crunch, cutting costs, and potentially declaring bankruptcy. More prominentta center operators, especially those with hyperscale contracts, will be able to weather this, but the smaller firms operating in one or a few cities with lots of local customers may not, and this could affect the KVM switch market until businesses become normal.