Data Center Virtualization Market Size | Share | Industry Analysis 2022-2028

The global data center virtualization market size was valued at USD 5.0 billion in 2021 and is poised to grow at a significant CAGR of 16.3% during the forecast period 2022-28. The process of creating, implementing, and enhancing a data center using virtualization and cloud computing technology is known as data center virtualization. Together with networking, storage, and other equipment and infrastructure devices, the data center basically enables the virtualization of the physical server within the data center. A virtualized collocated and cloud center is typically created using data center virtualization. Data centers can deploy and run services on top of a technology or virtualization layer thanks to a wide range of technology, tools, and many procedures that are covered by data center virtualization. The transition of an existing or traditional data facility into a number of different virtualized data centers on the same physical infrastructure is made possible by data center virtualization. This facility or infrastructure could be used repeatedly for a different organization or application that is running concurrently. The aforementioned elements support resource optimization to provide infrastructure resources and additionally support lowering operating costs and center capital.

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Data Center Virtualization Market Growth Factors:
One of the key factors propelling the expansion of the data center virtualization market is the rise in data center complexity around the globe. The need to lower enterprise operational costs and improve business agility is growing, and data center virtualization deployment is increasing due to its many benefits, including lower costs, better testing, no vendor lock-in, better disaster recovery, better pastures, and simpler cloud migration, among others. These factors all contribute to the market's rapid expansion. The market is further influenced by the rise in the use of unified and centralized administration of data centers, as well as the rise in demand for the technology because it helps to reduce operational costs and center capital while optimizing resources from the infrastructure. Also, the market for data center virtualization is positively impacted by the growth of end-use industries, a rise in investments, rapid digitization, and an increase in the number of data centers. Additionally, the market players would have lucrative prospects throughout the projection period due to rising private cloud use and investment in data center technologies.

On the other hand, the market expansion is anticipated to be hampered by data center localization and restrictions related to the virtualization of old IT infrastructure. The data center virtualization market is expected to face obstacles during the forecast period due to a lack of knowledge about virtualization technology.

The global data center virtualization market segmentation:
1) By Type: Advisory & Implementation Services, Optimization Services, Managed Services, Technical Support Services
2) By Organization size: Large Enterprises and SMEs
3) End User: IT & Telecommunication, Banking Financial Services & Insurance (BFSI), Education, Healthcare, Government, Retail & SCM, Media & Entertainment, Manufacturing & Automotive, Others(Energy & Utility and Travel & Hospitality)

Data Center Virtualization Market Regional Analysis:
With a revenue share of over 42.0% in 2022, North America dominated the market, and it is expected that it will continue to do so throughout the forecast period. This region's early adoption of data center virtualization software and services is the main driver of the market's expansion. Data center virtualization is also becoming more popular as a result of the widespread presence of key industry participants including Microsoft (US), VMware (US), Citrix Systems (US), and Cisco Systems Inc. (US).

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Key players in the data center virtualization market report are Amazon Web Services, AT&T, Cisco Systems, Citrix Systems, Fujitsu, HCL, HPE, Huawei, IBM, Microsoft, Radiant Communications, VMware

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