The report of Intelligent Platform Management Interface (IPMI) Market by Component (Baseboard management controller, Sensors & controls, Memory devices, Others (LAN controller, serial connectors)), End-use application (Server, Storage devices, Telecommunication equipment), Vertical (Banking, Financial services, and Insurance (BFSI), Healthcare, Education & research, Retail, Manufacturing, Public sector, IT & telecom, Others (Automotive, logistics and transportation)), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
The demand for cloud-based storage is identified as one of the key growth factors for the intelligent platform management interface (IPMI) market. The need for cloud-based storage has increased, because of the factors such as improved efficiency, cost, speed, productivity, and reliability of the services provided by the vendors. Public, private, and hybrid are the three types of cloud-based services. Public cloud is operated and owned by third party providers. Single businesses or organizations exclusively use a private cloud. Storing data on the cloud offers an operative application for enterprises around the world. The intelligent platform management interface (IPMI) has a demand for cloud storage as it involves controlling and monitoring processes for the hardware used in data centers.
The factors encouraging the growth of the intelligent platform management market are demand for improved server management, reduced cost of ownership and also increase in spending and rising adoption of technological solutions. The implementation of an intelligent platform management interface reduces the time by handling flaws. The advancements in the retail sector majorly because of the number of systems running in the organization acts as an opportunity for the overall growth of the market.
On the other hand, factors, like security, high price are the factors hampering the growth of the intelligent platform management interface (IPMI) market.
According to the end-use application, the intelligent platform management interface (IPMI) market for the server application is expected to grow at the highest CAGR during the forecast period. Apart from the fact that the intelligent platform management interface was mostly designed for server management, the remote access of the server has become gradually very important. The mission-critical server environment has made it important to monitor server health during the day. The intelligent platform management interface was largely designed for severing management by Intel, Dell, HPE, and NEC. The demand for servers across the geography because of the wide deployment of data centers is driving the market for intelligent platform management interface (IPMI).
Region-wise, the North America region accounted for the largest share of the global intelligent platform management interface market in 2018, though Asia Pacific is expected to grow at the highest CAGR in the future. The intelligent platform management interface (IPMI) market in China and Japan is increasing on account of the influx and growth of the IT and telecommunication sector. The surge in growth is attributed to the technological advancements, together with mandatory regulations imposed by government regulatory entities to adopt the best-in-class technology and standards.
Key players operating in the Intelligent Platform Management Interface (IPMI) Market are Intel Corporation, NEC Corporation, ARM Holdings Inc., Dell, Inc., HPE, Microsoft, Softlayer Technologies, Inc., Emerson, Super Micro Computer, Inc., and Cisco, among others.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Intelligent Platform Management Interface (IPMI) Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Intelligent Platform Management Interface (IPMI) Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Intelligent Platform Management Interface (IPMI) Market positioning of competitors.
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