The intelligent platform management interface market is divided into hardware and software. The hardware segment held the major share of the market in 2023 due to a surging demand for advanced monitoring systems and efficient server management. High-performance hardware components such as sensors, controllers, and microcontrollers played a pivotal role in achieving seamless workflow, thus enhancing productivity and optimization. These hardware components were embedded in the servers to manage and monitor the operational health of systems.

The software segment is expected to expand at a significant growth rate in the coming years. Their ascendency is expected to be tethered to their inherent characteristics, such as adaptability and increased functionality. A rising preference for automation, along with the need for predictive maintenance in industries, is expected to boost the segment.

The improved capability of the software to handle critical IT infrastructure is expected to further bolster the need for intelligent platform management interface software components. Therefore, software components are poised to become the predominant force in the intelligent platform management interface market.