Data Center Virtualization Market Size - Growth Geographic Segmentation, Insights, Marketing & Growth, Future Trend, Segmentation, Forecast by 2027
Market Scenario:
According to Market
Research Future (MRFR), the global Data Center Virtualization Market
Segments
is estimated to grow at approx. USD 10 billion with a CAGR of 8% from 2017 to
2023 (forecast period).
Data Center Virtualization Market Size is essentially a process of designing, developing, and
deploying a virtualization and cloud computing data centre. Data centre
virtualization is a scalable, flexible, and cost-effective alternative to
physical data centre operations. Data centre virtualization can be accomplished
by two approaches, namely virtualization of storage and virtualization of
servers. It works at the top of the virtualization layer. The key reason for
the introduction of data centre virtualization is to reduce hardware
dependency.
The report describes the
strengths, opportunities, threats, and potential business risks and offers a
rigorous analysis of the global market situation with the effect of COVID-19.
Rising Factors Impacting:
Some
of the significant factors determining the data center virtualization market
are reduction in heat generation from the server, data center virtualization
allows quicker redeployment, cost reduction, easier data backup, better
testing, greener pastures, no vendor lock, single-minded servers, better
disaster recovery, and easier cloud migration. Many of the factors constraining
the market for virtualization of data centers include overcoming chaos,
underused servers, missing components, resource challenges, realigning staff
expertise, managing portability. Missing components are a significant obstacle
in the implementation of data center virtualization.
Information
technology companies typically virtualize some of the assets of the data
center. Data center virtualization market works better when no data is missing,
and no data storage silos or data management appliances are installed. Thus,
limiting the scope of the virtual infrastructure ultimately adds to the
complexity and cost of the infrastructure. Traditionally, a significant part of
the fund has been focused on research and development in the data center to
design heat reduction. Therefore, the only way to reduce the heat was by
providing fewer servers. Data center virtualization is also a way to reduce the
heat generated by the servers.
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Competitive Outlook
The prominent
participants identified by MRFR operating in the global data center
virtualization market are – Dell Corporation (U.S.), SAP SE (Germany), IBM
Corporation (U.S.), VMware Inc. (U.S.), Microsoft Corporation (U.S.), Red Hat
Inc. (U.S.), Fujitsu Limited (Japan), Hewlett Packard Enterprise Development LP
(U.S.), Cisco Systems, Inc. (U.S.) and Citrix Systems, Inc. (U.S.) among
others.
Segmentation:
The global data centre virtualization
market has been segmented based on type, organization size, and vertical
basis.
Based on vertical, the
global data centre virtualization market has been segmented into BFSI,
manufacturing, healthcare, IT & Telecommunication, government, and others.
The Healthcare segment is predicted to have the highest CAGR in the forecast
period. Increasing adoption of electronic health records, hospital information
systems, picture archiving, and communication systems has contributed to a
demand for data storage. This growing demand for data storage in healthcare has
contributed to an increase in cloud adoption, which reduces the cost of IT
maintenance.
Regional
Analysis:
The regional analysis of
the global data centre virtualization market is studied for regions such as
Asia Pacific, North America, Europe, and the Rest of the World.
It has been noted that
North America is expected to hold the largest market share, followed by Europe,
while the Asia Pacific is projected to rise at the fastest rate during the
forecast period. The major growth in the data centre virtualization market in
North America is due to technical advancements and well-established
infrastructure in the region.
Industry News
The
global Data centre virtualization market Report Market
Trends
has been affected due to the lockdown across the regions. This pandemic
situation has hampered the Data centre virtualization market Report
Market Growth as
well as its productivity, supply chain, and others. Moreover, the global market
has lost its investors due to the increasing loss for the products, supply,
transportation, workforce, and others. However, in the meantime, the key market
players have implied various strategic techniques to boost global market
growth. Thus, to meet the global market demands, the global market increased
its speed in producing more valuable products for its intended customers.
Recently, the global market has stabilized its position in the global market
and is expected to register a higher Data centre virtualization market Report Market Size for the forecast period.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
Continued….
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