October 29, 2019
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.