PUNE, India --- The intelligent platform management interface (IPMI) market growth to 2022 is directly linked with the worldwide increasing deployment of data center and telecommunication equipment while server end-use application is expected to be the fastest-growing application in the IPMI market during the forecast period.
The intelligent platform management interface (IPMI) market was valued at USD 1.20 billion in 2015 and is expected to reach USD 3.10 billion by 2022, at a CAGR of 13.2% between 2016 and 2022. The most significant factor driving the IPMI market is the rising demand for enhanced server management, along with the reduced cost of ownership; also, increase in ICT spending, growing trend of data center adoption by organizations, and rising need for standardized server management platform are the factors driving the market growth. Insufficient management tools for modern data centers are the factor inhibiting the growth of this market.
The IPMI market for the server application is expected to grow at the highest rate between 2016 and 2022. Apart from the fact that the intelligent platform management interface was mainly designed for the server management, the remote access of the server has become increasingly very important. The mission-critical server environment has made it important to monitor server health throughout the day. The intelligent platform management interface was mainly designed for the sever management by Intel (U.S.), Dell (U.S.), HPE (U.S.), and NEC (Japan). The growing demand for servers across the geography because of wide deployment of data centers is driving the market for IPMI.
The intelligent platform management interface (IPMI) has its applications in various vertical such as banking, financial services, and insurance (BFSI), healthcare, IT and Telecom, education and research, manufacturing, public sector, retail, and other verticals. The BFSI sector held the largest market share in 2015, and the healthcare sector is expected to grow at a higher rate during the forecast period. The BFSI industry vertical comprises mainly banks, insurance companies, and stockbrokers, and deals with large workforce, assets in different locations, and diverse customer profiles. In today's scenario, the economic and financial sector reform has strengthened the automation and expansion of IT infrastructure, which transformed not only the operating environment of banks and financial institutions but has also played a significant role in structuring and strengthening economies of countries such as Brazil, India, and the UAE. Thus, this market is being adopted in the BFSI industry.
APAC is expected to be the fastest-growing region of the IPMI market between 2016 and 2022.The IPMI market in China and Japan is increasing because of the influx and growth of IT and telecommunication sector. The surge in growth is attributed to the technological advancements, along with mandatory regulations imposed by government regulatory entities to adopt the best-in-class technology and standards.
Some of the major players include Intel Corporation (U.S.), NEC Corporation (Japan), ARM Holdings Inc. (U.K.), Dell, Inc. (U.S.), HPE (U.S.), Microsoft (U.S.), Softlayer Technologies, Inc. (U.S.), Emerson (U.S.), Super Micro Computer, Inc. (U.S.), and Cisco (U.S.), among others. Order a copy of Intelligent Platform Management Interface (IPMI) Market by Component (Hardware: Baseboard Management Controller (BMC), Sensors & Controls, Memory Devices, and Software), End-Use Application, Vertical, and Geography –
Complete report on global intelligent platform management interface (IPMI) market spread across 146 pages, profiling 10 companies and supported with 61 tables and 78 figures is now available at http://www.rnrmarketresearch.com/intelligent-platform-management-interface-ipmi-market-by-component-hardware-baseboard-management-controller-bmc-sensors-controls-memory-devices-and-software-end-use-application-vertical-and-geography-st-to-2022-market-report.html
To purchase Global Forecast to 2022 research report, go to http://www.rnrmarketresearch.com/contacts/purchase?rname=748529