According to Market
Research Future (MRFR), the global Data
Center Virtualization Market is estimated to grow at approx. USD 10 billion
with a CAGR of 8% from 2017 to 2023 (forecast period). 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.
Data
center virtualization is essentially a process of designing, developing, and
deploying a virtualization and cloud computing data center. Data center
virtualization is a scalable, flexible, and cost-effective alternative to
physical data center operations. Data center 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 center virtualization is to reduce hardware dependency.
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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 center
virtualization market has been segmented based on type, organization size, and
vertical basis.
Based
on type, the global data center virtualization market has been segmented into
type 1 hypervisor, type 2 hypervisor, guest machine, host machine, and
paravirtualization tools. Hypervisor is a software that runs virtual machines.
Type 1 hypervisor runs on the system hardware while Type 2 hypervisors run on a
host operating system.
Based
on organization size, the global data center virtualization market has been
segmented into small and medium-sized enterprises and large enterprises. The
small and medium-sized enterprises segment is predicted to have the highest
CAGR in the forecast period. Owing to high investment costs for the production
and maintenance of on-premises data centers, small and medium-sized enterprises
are embracing cloud-based data centers to help minimize IT costs.
Based
on vertical, the global data center 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 center 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 center
virtualization market in North America is due to technical advancements and
well-established infrastructure in the region.
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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
3 Market
Research Methodology
3.1 Research
Process
3.2 Secondary
Research
3.3 Primary
Research
3.4 Forecast
Model
Continued….
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