PUNE, India, November 4, 2016 /PRNewswire/ -- According to the new market research the report "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 - Global Forecast to 2022", published by MarketsandMarkets, the 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. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 61 market data Tables and 78 Figures spread through 146 Pages and in-depth TOC on"Intelligent Platform Management Interface (IPMI) Market"http://www.marketsandmarkets.com/Market-Reports/intelligent-platform-management-interface-market-175880366.htmlEarly buyers will receive 10% customization on this report. The most significant factor driving the IPMI market is the rising demand for enhanced the server management, along with the reduced cost of ownership, and also increase in ICT spending and growing trend to adopting data center by organizations. Hardware component hold the largest share of the intelligent platform management interface market The hardware component in the IPMI architecture is responsible for the collection of data related to physical characteristics of a server, inventory; logging states; and recovery control. The market for baseboard management controller in the hardware component is expected to grow at the highest rate because with the advancement in processing technologies, along with the increase in amount of data to be handled, the servers and others devices, nowadays, perform more tasks under critical conditions. Therefore, more number of sensors and controls would be integrated which is likely to increase the load in BMC. Hence, upgradation of BMC would be required in future servers to handle more data related to sensors and controls and deliver it to the system administrator in lesser time.