Summary

Global Data Center Virtualization Market is expected to grow at a significant rate of around 5% during the forecast period. Data center virtualization describes a process for designing, constructing, and advancing a data center using cloud computing and virtualization technology. The technology allows for the virtualization of physical servers as well as storage, networking, and other infrastructure-related devices and equipment in a data center facility. Virtualization contains a number of tools and services that let the data center carry out various tasks. The growing need to reduce enterprise operating costs and improve business agility are the key aspect behind the increasing revenue of the data center virtualization market. The increasing complexity of software will drive the growth of the market. Moreover, the increased adoption of private clouds and increased spending on data centers are expected to drive the market during the forecast period.

VMware, Inc.; Microsoft; Citrix Systems, Inc; Cisco Systems, Inc; Fujitsu; Radiant Communications Corporation; Hewlett Packard Enterprise Development LP; AT&T; Huawei Technologies Co., Ltd; HCL Technologies Limited are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst type, the optimization services segment is expected to grow with a robust CAGR”
Based on type, the market is segmented into technical support services, optimization services, managed services, and advisory & implementation services. The optimization services segment is expected to grow with the highest CAGR during the forecast period. Optimization services help enterprises in increasing network security and operational effectiveness which is expected to drive the segment market during the forecast period.

“Amongst industry vertical, the BFSI to hold a significant share in the market in 2020”
On the basis of industry vertical, the market is segmented into IT & telecommunication, BFSI, education, healthcare, government, and others. The BFSI segment is expected to achieve a significant market share in 2020 and is expected to maintain this throughout the forecast period. The growth of data center virtualization in the BFSI segment is mainly attributed to the growing number of transactions across the globe. Moreover, the growing trend of digital payments in countries like China and India is expected to significantly influence the market growth during the forecast period.

“North America to hold a significant share in the market”
The North American region dominated the data visualization market in 2020 and is expected to maintain a similar trend throughout the forecast period. The growth in data visualization in the region is mainly attributed to the growing number of SMEs in the region. For instance, according to SBA (Small Business Admiration) SME’s make up 99% of all U.S Businesses. Moreover, organizations in countries such as the U.S. and Canada are the early adopters of data center virtualization technology which is expected to propel the market during the forecast period.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global data center virtualization market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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