The Global Intelligent Platform Management Interface (IPMI) market is projected to grow from USD 3.9 billion in 2022 to USD 11.71 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.00% during the forecast period (2023 - 2032).
The growth of the IPMI market is driven by the increasing demand for cloud-based storage, the demand for improved server administration, the increase in ICT spending, and the growing uptake of technology solutions.
Cloud-based storage is becoming increasingly popular due to its scalability, reliability, and cost-effectiveness. IPMI is a key technology for managing cloud-based storage systems, as it allows administrators to monitor and control servers remotely.
The demand for improved server administration is also driving the growth of the IPMI market. IPMI provides a number of features that can help administrators to improve the efficiency and reliability of their servers, such as remote boot, power management, and event logging.
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The increase in ICT spending is another factor driving the growth of the IPMI market. As businesses invest in new IT infrastructure, they are also investing in IPMI solutions to manage their systems more effectively.
The growing uptake of technology solutions is also contributing to the growth of the IPMI market. IPMI is a key technology for a number of different technology solutions, such as data centers, telecommunications networks, and industrial automation systems.
The IPMI market is segmented by vertical, component, application, and region. By vertical, the market is segmented into BFSI, healthcare, IT & telecommunications, manufacturing, and others. The BFSI vertical is expected to lead the market during the forecast period, due to the increasing adoption of IPMI solutions in data centers and telecommunications networks.
By component, the market is segmented into hardware and software. The hardware segment is expected to lead the market during the forecast period, due to the high cost of IPMI hardware components.
By application, the market is segmented into server and storage devices. The server segment is expected to lead the market during the forecast period, due to the increasing adoption of IPMI solutions in data centers.
By region, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to lead the market during the forecast period, due to the early adoption of IPMI solutions in the region.
The key players in the IPMI market are Dell, Intel, IBM, Supermicro, and Advantech. These players are focusing on developing innovative IPMI solutions to meet the growing demand from businesses.
The IPMI market is a highly competitive market, with a number of players offering a wide range of products and services. The key players in the market are constantly innovating to stay ahead of the competition.
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