Data Center Virtualization Market Segments 2020 Key Players Analysis, Segmentation, Growth, Future Trend, Gross Margin, Demand and Forecast by 2027
Market Scenario:
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). 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 centre virtualization 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.
COVID-19 Analysis:
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Data Center Virtualization Market Segments fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Data Center Virtualization Market Segments toopen new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Data Center Virtualization Market Segments is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
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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 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.
Regional Analysis:
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.
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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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