PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527956
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1527956
The Intelligent Platform Management Interface (IPMI) market is poised for significant growth in the coming years. IPMI, a standardized interface for hardware-based platform management systems, enables monitoring and control of servers, making it an essential tool for system administrators.The market is projected to expand significantly, with its value expected to reach $3.68 billion by 2024 and $7.19 billion by 2031, reflecting a compound annual growth rate (CAGR) of 10.00%. The demand for IPMI is driven by the need for efficient server management solutions, the rapid expansion of data centers, increased ICT spending, and the growing popularity of cloud-based storage.
The servers segment is expected to thrive due to the rising adoption of IPMI for server management. Key factors shaping the market include the increasing need for better server management solutions, the proliferation of data centers, and the growing ICT investments. Additionally, the surge in cyberattacks and the implementation of stringent regulations are boosting the demand for IPMI.
IPMI is an out-of-band (OOB) management model that performs management functions independently of the installed operating system or the server's location. It is primarily used by system administrators for OBB management of computer systems and monitoring their operations. IPMI continuously monitors server health, issues warnings of potential system failures, and allows remote access to BIOS settings, providing various advantages over traditional system diagnosis software.
The growing need for standardized server management platforms and the increasing adoption of cloud computing are expected to drive the global IPMI market. Additionally, the rising incidence of cyberattacks is a critical factor propelling the demand for IPMI. Cyberattacks such as ransomware and DDoS attacks pose significant threats to businesses, and IPMI provides secure remote management capabilities that help mitigate these risks.
Historical Perspective and Future Outlook
From 2017 to 2021, the global IPMI market exhibited robust growth. Over the next decade, sales are expected to continue their upward trajectory, creating significant opportunities for market players. IPMI is a hardware management protocol that provides a common interface for managing and monitoring servers, irrespective of their operating system or platform. It allows remote management of servers, including power management, hardware health monitoring, event log viewing, and remote server console access.
The demand for high-performance computing solutions has increased significantly due to modern organizations' reliance on data-intensive workloads. Consequently, the adoption of IPMI is expected to grow at a rapid pace. IPMI's remote management capabilities are essential for modern data centers, allowing IT administrators to monitor and control servers from a central location.
The high adoption of cloud computing is another factor expected to expand the IPMI market. Cloud service providers use IPMI to manage their data centers, ensuring reliable and scalable services for customers. The increasing amount of global data, much of which is projected to be stored on the cloud, further underscores the importance of IPMI.
As server infrastructures become more complex, IT administrators require advanced tools for managing and monitoring their servers. IPMI simplifies server management by providing a standardized interface. Moreover, with cyberattacks becoming more sophisticated, security is a top priority for organizations. IPMI's secure remote management capabilities enable administrators to monitor and control servers without exposing them to external threats.
Regional Insights
North America is expected to remain a key market for IPMI through the forecast period. The region's demand for efficient data center management solutions and the growing trend of server virtualization are driving market growth. The United States, with a significant proportion of the world's data centers, plays a crucial role in the North American IPMI market. The increasing number of data servers in the region, driven by large amounts of data generated by online activities, will boost IPMI demand.
In the United States, the rising incidence of cybercrimes is a key factor driving IPMI demand. The country has recorded numerous cybercrime incidents, with a significant percentage of companies experiencing ransomware attacks. The secure remote management capabilities of IPMI make it an essential tool for mitigating the risk of cyberattacks.
Growth Projection for China
China's IPMI market is expected to grow significantly, driven by the rising penetration of smartphones and 5G technology. The increasing number of mobile subscribers in China necessitates efficient management and monitoring of network infrastructure, including servers, switches, and routers. IPMI provides a standardized interface for remote management, making it easier for IT staff to manage these devices.
Category-wise Insights
Based on components, the hardware segment is expected to create lucrative growth prospects for the IPMI market. The hardware components of IPMI include a Baseboard Management Controller (BMC), which manages IPMI functions. The BMC is connected to the server's main CPU, memory, and other peripherals through a dedicated management bus. IPMI also requires a network interface for remote management capabilities, typically implemented through a dedicated Ethernet port on the server.
In terms of applications, servers will remain the most remunerative segment for IPMI. IPMI allows administrators to monitor server health, power consumption, temperature, and other system parameters. It also enables remote management capabilities such as power cycling, firmware updates, and system configuration changes. IPMI is particularly useful in data centers and large-scale server deployments where physical access to the server may be limited.
Competitive Analysis
Key IPMI providers, including HPE, Intel Corporation, NEC, Super Micro Computer Inc., Dell Inc, ARM Holdings Inc., Cisco, Emerson, Microsoft Corporation, and IBM Cloud, are focusing on product launches, partnerships, and mergers & acquisitions to gain a competitive edge. Recent developments in the market include enhancements to existing systems and the introduction of advanced server-grade workstations.
Market Segmentation