Data Center Virtualization Market Insight:
The global data center virtualization market is anticipated to expand approximately at USD 10 Billion by 2023, by attaining 8% of CAGR, during the forecast period (2017-2023), reveals Market Research Future in its detailed study. The study also reveals various market drivers that are acting as market drivers and influencers at the same time to depict the market’s growth in the coming years.
The major factors driving the data center virtualization market are indicated as a reduction in heat generation from the server and secure backup of data. Also, there has been faster redeployment and reduction in cost which is yet another factor that is driving the growth of data center virtualization market substantially.
At the same time, the ability of Data Center Virtualization Market Size to reduce the dependency on hardware is the foremost factor that is gaining much popularity in the information and technology industry, thus, thriving the market to expand during its growth period. The features such as flexibility, elasticity, and cost-effectiveness to cater physical data center operations are also attracting towards more adoption of it in various verticals. Such a factor has therefore influenced the manufacturers to produce more and more product lines that would push the market to expand during the forecast period.
Apart from this, Market Research Future (MRFR), in their in-depth study of the said market, has revealed that more factors such as the prerequisite to lessen the operational costs and augment business expertise of enterprises in favor of the data center virtualization market have influenced the market to proliferate at a rapid pace. Other than this, the demand for unified and centralized management of data centers along with a considerable surge in data center complexities also drives the market growth.
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Major Key Players:
The players commanding the global data center virtualization market are listed as Fujitsu Limited (Japan), SAP SE (Germany), Red Hat Inc. (U.S.), Dell Corporation (U.S.), Citrix Systems Inc. (U.S.), Microsoft Corporation (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), VMware Inc. (U.S.), and to name a few.
Market Segmentation:
The segmental analysis of the global data center virtualization market has been done by type, organization size, and vertical.
The segment of type includes type 1 hypervisor, type 2 hypervisor, guest machine, paravirtualization tools, and the host machine. Among these, the guest machine is a type of virtual machine which is kept on top of the hypervisor and enables intelligent sharing of resources to run on top of the physical host. These alluring properties have occasioned in its strong demand across the globe at faster rate.
The segment of organization size has covered segments of small and medium enterprises (SMEs) and large enterprises.
In terms of vertical, the market includes BFSI, manufacturing, healthcare, IT & telecommunication, government, and many more. Among these, the IT & telecommunication sector is mostly dependent on data centers when it comes to efficient running of business operations. Hence, the soaring adoption of data center virtualization in the IT & Telecommunication sector is generally noted across the world.
Regional Outlook:
The global data center virtualization market undergoes regional analysis, which has covered the main regions such as Asia Pacific (APAC), North America, Europe, and the Rest of the World (RoW).
Among these, the Asia Pacific region witnessed the highest chances of developing at the fastest rate in the global data center virtualization market as noted by the study conducted. The data center virtualization market is expected to have considerable growth during the review period as a result of escalating demand for advanced technologies, especially in developing countries like India, Japan, and China.
North America is also currently leading the market for data center virtualization and is also anticipated to hold the top position in the assessment period as well. The reason is fast-paced expansion and quick adoption of cloud services that are focusing on infrastructural development with the adoption of virtualization services.
In the last, Europe is also making similar strides as above mentioned regions as the countries such as France, Germany, and the United Kingdom (U.K.) are at the vanguard of the market growth. The regional market benefits chiefly from the presence of advanced infrastructure combined with the soaring adoption of advanced technology. The small and medium enterprises are also being responsible for contributing to the larger share of market revenue, where the industrial market is anticipated to gain massive traction in the coming years.
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Industry News:
October 2019 - Colt Technology Services announced its enhanced universal customer premises equipment (uCPE) solution and brought the benefits of Network Function Virtualization (NFV) to enterprises.
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