With the emergence and long-term Impact of COVID-19, Global Data Center Virtualization Market to reach USD 23.92 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Data Center Virtualization Market points towards a potential rise to USD 23.92 billion by 2030. Data center virtualization is the process of creating a virtualized or software-based representation of a physical data center environment. It involves the abstraction of computing resources, such as servers, storage, networking, and other infrastructure components, into virtual instances that can be managed and allocated dynamically. The primary goal of data center virtualization is to improve efficiency, scalability, and flexibility within the data center environment. The Data Center Virtualization market is expanding because of factors such as increased spending on data center technology and exponential growth in data center traffic.
Geographically, the global Data Center Virtualization market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the dominance of key market players, rising investment in IT infrastructure technologies, and rising adoption of cloud storage technologies by IT and Telecom companies in the region. Whereas, Asia Pacific is projected to have significant growth owing to factors such as a rising number of IT and telecom companies, a rising number of data traffic companies, and rising investment for the development of data centers in the region.
The global Data Center Virtualization market is highly competitive owing to the presence of several key players such as ATTO Technology, Inc. Cisco Systems, Inc. Dell Inc. Fujitsu Limited HCL Technologies Limited Hewlett Packard Enterprise Development LP Huawei Technologies Co., Ltd. Veritis Group Inc VMware, Inc. SAP SE, and others.
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Key findings of the study suggest:
- Global Data Center Virtualization Market is anticipated to grow with a healthy growth rate of more than 16.5% over the forecast period 2023-2030.
- In the Type segment, Server emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising investment in IT infrastructure technologies in the region.
- Asia Pacific is expected to grow at higher rate owing to rising investment for the development of data centers in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Server
- Storage
- Network
- Desktop
- Application
- Others
By Component:
- Services
- Software
By Services:
- Advisory & Implementation Services
- Optimization Services
- Managed Services
- Technical Support Services
By Organization Size:
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
By End-Use:
- BFSI
- IT & Telecommunication
- Manufacturing & Automotive
- Government
- Healthcare
- Education
- Retail & SCM
- Media & Entertainment
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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