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Global Data Center Virtualization Market to reach USD 23.92 billion by the end of 2030

Global Data Center Virtualization Market Size study & Forecast, by Type (Server, Storage, Network, Desktop, Application, Others) by Component (Services, Software), by Service (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) and Regional Analysis, 2023-2030

Product Code: ICTICTI-92215041
Publish Date: 20-10-2023
Page: 200

Global Data Center Virtualization Market is valued at approximately USD 7.05 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.5% over the forecast period 2023-2030. 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.

This surge in data center traffic requires scalable and flexible infrastructure solutions. Data center virtualization allows for the efficient allocation of computing resources and the ability to scale up or down as demand fluctuates, ensuring that data centers can handle the growing traffic effectively. According to Statista, in 2019, Global data center IP traffic stood at 14.1 Zettabytes, which increased to 20.6 zerrabytes in 2021. The same source reported that, in 2022, spending on data center systems is expected to amount to USD 212 billion an increase of 11.1 percent from the year 2021. Thus, rising spending on data center traffic and spending on data center systems is driving market growth. Moreover, the rising number of data centers is further supporting the market growth. According to the United States International Trade Commission, as of the year 2021, there were nearly 8,000 data centers across the globe. In addition, Increased Adoption of private cloud and Integration of 5G technology in IT & telecom applications is creating lucrative opportunities to market growth. However, the limited awareness related to virtualization technology and increasing concerns regarding data security stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Data Center Virtualization Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market players included in this report are:
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

Recent Developments in the Market:
Ø In May 2023, Google unveiled a new A3 supercomputer virtual machine for handling machine learning tasks, which was made possible with the aid of improved host memory, next-generation Nvidia GPU, a fully contemporary CPU, and considerable network improvements. These devices have a maximum power of 26 exaFlops, which can reduce the cost and length of time required to train more complex ML models.
Ø In Aug 2021, Verge.io, a provider of data centre operating system software based in the United States, teamed with CloudFabrix, an operational intelligence analytics firm based in India. In order to deliver total data centre transformation for enterprise and CSP organizations, the cooperation will pair the Verge.io virtualized operating system with CloudFabrix AI-based Asset Intelligence & Operations.

Global Data Center Virtualization Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Component, Service, Organizational Size, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Data Center Virtualization Market, by Region, 2020-2030 (USD Billion)
1.2.2. Data Center Virtualization Market, by Type, 2020-2030 (USD Billion)
1.2.3. Data Center Virtualization Market, by Component, 2020-2030 (USD Billion)
1.2.4. Data Center Virtualization Market, by Services, 2020-2030 (USD Billion)
1.2.5. Data Center Virtualization Market, by Organization Size, 2020-2030 (USD Billion)
1.2.6. Data Center Virtualization Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Data Center Virtualization Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Data Center Virtualization Market Dynamics
3.1. Data Center Virtualization Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increased spending on data center technology
3.1.1.2. Exponential growth in data center traffic.
3.1.2. Market Challenges
3.1.2.1. Limited awareness related to virtualization technology
3.1.2.2. Increasing concerns regarding data security
3.1.3. Market Opportunities
3.1.3.1. Increased Adoption of private cloud
3.1.3.2. Integration of 5G technology in IT & telecom applications
Chapter 4. Global Data Center Virtualization Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Data Center Virtualization Market, by Type
5.1. Market Snapshot
5.2. Global Data Center Virtualization Market by Type, Performance – Potential Analysis
5.3. Global Data Center Virtualization Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Data Center Virtualization Market, Sub Segment Analysis
5.4.1. Server
5.4.2. Storage
5.4.3. Network
5.4.4. Desktop
5.4.5. Application
5.4.6. Others
Chapter 6. Global Data Center Virtualization Market, by Component
6.1. Market Snapshot
6.2. Global Data Center Virtualization Market by Component, Performance – Potential Analysis
6.3. Global Data Center Virtualization Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
6.4. Data Center Virtualization Market, Sub Segment Analysis
6.4.1. Services
6.4.2. Software
Chapter 7. Global Data Center Virtualization Market, by Services
7.1. Market Snapshot
7.2. Global Data Center Virtualization Market by Services, Performance – Potential Analysis
7.3. Global Data Center Virtualization Market Estimates & Forecasts by Services 2020-2030 (USD Billion)
7.4. Data Center Virtualization Market, Sub Segment Analysis
7.4.1. Advisory & Implementation Services
7.4.2. Optimization Services
7.4.3. Managed Services
7.4.4. Technical Support Services
Chapter 8. Global Data Center Virtualization Market, by Organization Size
8.1. Market Snapshot
8.2. Global Data Center Virtualization Market by Organization Size, Performance – Potential Analysis
8.3. Global Data Center Virtualization Market Estimates & Forecasts by Organization Size 2020-2030 (USD Billion)
8.4. Data Center Virtualization Market, Sub Segment Analysis
8.4.1. Small and Medium-Sized Enterprises (SMEs)
8.4.2. Large Enterprises
Chapter 9. Global Data Center Virtualization Market, by End-use
9.1. Market Snapshot
9.2. Global Data Center Virtualization Market by End-use, Performance – Potential Analysis
9.3. Global Data Center Virtualization Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
9.4. Data Center Virtualization Market, Sub Segment Analysis
9.4.1. BFSI, IT & Telecommunication
9.4.2. Manufacturing & Automotive
9.4.3. Government
9.4.4. Healthcare
9.4.5. Education
9.4.6. Retail & SCM
9.4.7. Media & Entertainment
9.4.8. Others
Chapter 10. Global Data Center Virtualization Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Data Center Virtualization Market, Regional Market Snapshot
10.4. North America Data Center Virtualization Market
10.4.1. U.S. Data Center Virtualization Market
10.4.1.1. Type breakdown estimates & forecasts, 2020-2030
10.4.1.2. Component breakdown estimates & forecasts, 2020-2030
10.4.1.3. Services breakdown estimates & forecasts, 2020-2030
10.4.1.4. Organization Size breakdown estimates & forecasts, 2020-2030
10.4.1.5. End-use breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Data Center Virtualization Market
10.5. Europe Data Center Virtualization Market Snapshot
10.5.1. U.K. Data Center Virtualization Market
10.5.2. Germany Data Center Virtualization Market
10.5.3. France Data Center Virtualization Market
10.5.4. Spain Data Center Virtualization Market
10.5.5. Italy Data Center Virtualization Market
10.5.6. Rest of Europe Data Center Virtualization Market
10.6. Asia-Pacific Data Center Virtualization Market Snapshot
10.6.1. China Data Center Virtualization Market
10.6.2. India Data Center Virtualization Market
10.6.3. Japan Data Center Virtualization Market
10.6.4. Australia Data Center Virtualization Market
10.6.5. South Korea Data Center Virtualization Market
10.6.6. Rest of Asia Pacific Data Center Virtualization Market
10.7. Latin America Data Center Virtualization Market Snapshot
10.7.1. Brazil Data Center Virtualization Market
10.7.2. Mexico Data Center Virtualization Market
10.8. Middle East & Africa Data Center Virtualization Market
10.8.1. Saudi Arabia Data Center Virtualization Market
10.8.2. South Africa Data Center Virtualization Market
10.8.3. Rest of Middle East & Africa Data Center Virtualization Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. ATTO Technology, Inc.
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Recent Developments
11.3.2. Cisco Systems, Inc.
11.3.3. Dell Inc.
11.3.4. Fujitsu Limited
11.3.5. HCL Technologies Limited
11.3.6. Hewlett Packard Enterprise Development LP
11.3.7. Huawei Technologies Co., Ltd.
11.3.8. Veritis Group Inc
11.3.9. VMware, Inc.
11.3.10. SAP SE
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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