IMARC Group, a leading market research company, has recently releases report titled “Data Center Virtualization Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global data center virtualization market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the data center virtualization market?
The global data center virtualization market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.4 Billion by 2028, exhibiting a growth rate (CAGR) of 16.10% during 2023-2028.
What are the growth prospects and trends in the data center virtualization industry?
Significant cost savings associated with data center virtualization represents one of the key factors driving the growth of the market across the globe. By consolidating multiple physical servers into virtual machines running on a single physical server, businesses are reducing hardware expenses, power consumption, and cooling requirements. Moreover, virtualization enables better utilization of existing infrastructure, prolonging its lifespan, and lowering the total cost of ownership. Data center virtualization offers unparalleled flexibility, which allows organizations to quickly adapt to changing business needs. Virtualized environments enable seamless allocation and reallocation of computing resources as demand fluctuates, ensuring optimal performance during peak periods and resource conservation during quieter times. This scalability is crucial in today’s dynamic business landscape. Other factors, such as improved disaster recovery, simplified management, resource utilization and green initiatives, compatibility, and interoperability are creating a positive outlook for the market across the globe.
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What is Data Center Virtualization?
Data center virtualization refers to the process of designing, deploying, and managing a virtualized computing environment within a data center. It involves the use of virtualization software to create virtual instances of physical hardware components such as servers, storage devices, and network resources. This allows for the pooling and sharing of physical hardware resources across multiple applications and users, which is leading to more efficient utilization of the infrastructure. Data center virtualization offers several advantages including reduced hardware costs, increased agility in deploying and managing applications, enhanced disaster recovery capabilities, and a smaller physical footprint. It enables organizations to rapidly scale their IT resources in response to changing business needs, providing flexibility and efficiency. The adoption of data center virtualization is a fundamental part of modern IT strategies for many organizations.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Type:
- Server
- Storage
- Network
- Desktop
- Application
- Others
Market Breakup by Component:
- Software
- Service
Market Breakup by Organization Size:
- Large enterprises
- Small and medium-sized enterprises (SMEs)
Market Breakup by End Use:
- Banking Financial Services and Insurance
- IT and Telecommunication
- Manufacturing and Automotive
- Government
- Healthcare
- Education
- Retail and SCM
- Media and Entertainment
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ATTO Technology Inc.
- Cisco Systems Inc.
- HCL Technologies Limited
- Hewlett Packard Enterprise Development LP
- Huawei Technologies Co. Ltd.
- Konverge Technologies Pvt. Ltd.
- Rahi Inc. (WESCO International Inc.).
- ServerAdminz Limited
- Veritis Group Inc
- VMware Inc.
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