Data Center Virtualization Market

Data Center Virtualization Market - by Vertical (IT &
Telecommunication, Banking, Financial, Service and
Insurance, Government, Healthcare, Education,
Retail, Media & Entertainment, Manufacturing &
Automotive, and Others), and by Organization Size
(Small & Medium Sized Enterprises, and Large
Enterprises) - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2017-2025
Data center virtualization is a process of designing, developing or deploying a data
center on cloud computing or virtualization technology. Cost saving is one of the major
factors for growth of the data center virtualization market. This is owing to the fact that
data center virtualization helps to reduce hardware installation, and reduces electricity
cost by providing hosted platform. Therefore, it aids small and medium sizes companies
to reduce their expenses on IT department.
Advantages of disaster recovery provided by data center virtualization plays a key role
for growth of market in various vertical such as banking, healthcare, education, and
retail. Disaster recovery-as-a-service protects company information and data from
disasters by generating multiple backups. Increasing demand for data either structured
or unstructured, for analyses of the market trend, customer demand, product discretion
etc. have led to raising demand for data storage, which is positively affecting growth of
the data center virtualization market.
Healthcare segment is projected to exhibit the highest CAGR over the forecast period.
Increasing adoption of electronic health record, hospital information system, picture
archiving, and communication systems has led to demand for data storage. This
increasing demand for data storage in healthcare have led to increasing adoption of
cloud, which reduces IT maintenance cost.
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Data Center Virtualization Market Taxonomy
On the basis of verticals, the data center virtualization market is diversified into:
● IT & Telecommunication
● Banking, Financial, Service and Insurance
● Government
●
●
●
●
●
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Healthcare
Education
Retail
Media & Entertainment
Manufacturing & Automotive
Others
Healthcare segment is projected to exhibit the highest CAGR over the forecast period.
Increasing adoption of electronic health record, hospital information system, picture
archiving, and communication systems has led to demand for data storage. This
increasing demand for data storage in healthcare have led to increasing adoption of
cloud, which reduces IT maintenance cost.
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On the basis of organization size, the data center virtualization market is
diversified into:
● Small and Medium-Sized Enterprises
● Large Enterprises
Small and medium-sized enterprises segment is projected to exhibit the highest CAGR
over the forecast period. Due to high investment cost for production and maintenance of
on-premises data centers, the small and medium sized enterprises are adopting cloud
based data center, which help to reduce the IT expenses.
North America data center virtualization market held the dominant position in
2016
On the basis of geography, the data center virtualization market is segmented into North
America, Europe, Asia pacific, Latin America, the Middle East, and Africa. North
America held the dominant position in the market and is projected to retain its
dominance throughout the forecast period. The U.S. and Canada are major growth
engines in this region. This is due to increasing digitalization and high adoption of cloud
technology in this region. For instance, according to Coherent Market Insights, it is
estimated that in 2015 North America had approximately 51% of the total data centers,
globally. In addition to this, presence of key market leaders such as Citrix Systems,
Amazon Web Services, Microsoft, and VMware is also another factor driving growth of
the market of data center virtualization in this region.
Key Companies: Global Data Center Virtualization Market
Amazon Web Services, AT&T, Cisco Systems, Citrix Systems, Fujitsu, HCL
Technologies, Hewlett Packard Enterprise, Huawei, International Business Machines
Corporation, Microsoft, Radiant Communications, VMware are some of the major key
players in the global data center virtualization market.
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Data center virtualization is a process of designing, developing or deploying a data center on cloud computing or virtualization technology. Cost saving is one of the major factors for growth of the data center virtualization market