Vertiv has been ranked by market intelligence firm IHS Markit as the number one supplier of remote IT management devices worldwide by revenue for 2018 in its recent KVM Switches and Serial Consoles Report 2019 report. The market for keyboard, video and mouse (KVM) switches and serial consoles was worth $723.5 million globally in 2018 and is expected to grow by more than 5% during 2019.
The IHS Markit report revealed IT spending, which grew by more than 6% globally in 2018 and looks set for positive and steady increases from 2019 to 2022, as a key driver for remote IT management devices. As well as overall IT spending growth, another key factor is digital transformation which continues to drive expansion of data centre capacity from the core to the edge, according to IHS Markit. Growth in developing markets, where adoption of KVM is still relatively low, will also be an important future driver.
“With the advent of Industry 4.0, we have observed similar trends of increased IT spending across Malaysia as local businesses are focusing on digitalization of their business across industry sectors” Wesley Lim, Sr. Director, IT and Management Systems, APAC for Vertiv.
“A study done by Vertiv indicated that 63% of respondents in Asia Pacific expect IT utilization rates at the edge, to reach 60% by 2025. We are committed to serving the data center needs as enterprises and consumers are continuously demanding high-speed applications and low latency network connection.”
“Despite some headwinds to start 2019, robust IT spend forecast through 2023 will be a major driver for the KVM market,” said Alastair Smith, senior analyst for manufacturing technology at IHS Markit, referring to the slow global IT spending trend at the beginning of 2019. “As a market share leader, Vertiv has a broad portfolio of KVM products across many applications.”
Vertiv works with an established, and growing, network of channel partners to provide customers with an extensive portfolio of products including Avocent® remote IT management devices. The IHS Markit report reveals a growth in remote IT management related to edge deployments – particularly in the area of industrial PCs. Industrial PCs are ruggedized systems that are built for harsh applications. In 2017, the global market for industrial PCs was worth $3.5 billion and IHS Markit forecasts a compound annual growth rate (CAGR) of 4.1% to $4.3 billion in 2022.
“Our broad offering of KVM technologies and availability through our network of distributors and resellers are key factors in our leadership position,” said Patrick Quirk, vice president and general manager for the IT Systems global line of business for Vertiv. “Vertiv is dedicated to leading in this space, and continues to devote resources to research and development of best-in-class solutions.”
“Being recognized as a market leader in a sector that enjoys positive levels of growth is great news for Vertiv and our channel partners,” said Andy Baker, global vice president of sales for Vertiv’s Avocent business. “Vertiv has been recognised for its best-in-market products and services but has also developed a comprehensive program to provide partners with everything they need to meet the demanding needs of their end-customers.”