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KVM And PRO AV Market Poised For Growth Owing To Increasing Adoption Of Outsourced Infrastructure Services

Gauri Cmi
KVM And PRO AV Market Poised For Growth Owing To Increasing Adoption Of Outsourced Infrastructure Services

Growth Accelerated by Increased Adoption of Outsourced Infrastructure Services

KVM and PRO AV solutions allow IT administrators and commercial users to control multiple computers from a single console switch or device such as smartphones, tablets and desktop computers. This offers convenience and efficiency to users.

The global KVM and PRO AV Market is estimated to be valued at US$ 349297.78 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased adoption of outsourced infrastructure services has accelerated the growth of the KVM and PRO AV market. Many organizations are outsourcing their IT infrastructure to managed service providers or system integrators in order to focus on their core business competencies. This has increased the demand for KVM and PRO AV solutions among outsourcing companies. According to some recent reports, the global managed services market is expected to grow at a CAGR of over 12% during the forecast period. The increasing trend of outsourcing is expected to drive the demand for KVM and PRO AV solutions during the forecast period.

Segment Analysis

The global KVM and PRO AV market is segmented into KVM switches, video wall controllers and other PRO AV controlling products. Among these, KVM switches hold the highest market share in 2023 and is expected to continue its dominance during the forecast period due to increasing demand from IT and telecom sector for managing multiple systems from a single console. KVM switches provide efficient desktop management with ease switching access between different systems with central control.

Key Takeaways

Regional analysis

North America accounted for the largest share of the  Global KVM And PRO AV Market Growth in 2023 owing to significant investments in enterprise infrastructure modernization and technological adoption across various industries in the region. However, Asia Pacific is anticipated to witness the highest CAGR during the forecast period supported by growing IT infrastructure in major countries like China and India.

Key players analysis

Key players operating in the KVM and PRO AV Market are Advanced Cell Technology, Inc., Angel Biotechnology Holdings PLC, Biotricity, Lineage Cell Therapeutics, Inc., BrainStorm Cell Limited., CIRM, Celgene Corporation (A subsidiary of Bristol-Myers Squibb Company), Takara Bio Inc., Cellular Engineering Technologies., Cytori Therapeutics Inc., and STEMCELL Technologies. Among these, Advanced Cell Technology, Inc., Celgene Corporation and STEMCELL Technologies collectively account for over 25% of the total market share in 2023 owing to their diversified product portfolios and strong geographical presence across major markets.


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Gauri Cmi
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