Data Center Virtualization Market Size - Growth Geographic Segmentation, Insights, Marketing & Growth, Future Trend, Segmentation, Forecast by 2027
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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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.
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.
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.
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
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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