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(Wireless-NewsWire.Com, June 01, 2018 ) The data center virtualization market is estimated at USD 3.75 Billion in 2017 and is projected to reach USD 8.06 Billion by 2022, at a CAGR of 16.5% from 2017 to 2022. Key factors propelling the growth of the market include the need to reduce operational costs and enhance business agility of enterprises and demand for unified and centralized management of data centers.
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The data center virtualization market has been segmented on the basis of type, organization size, vertical, and region. Based on type, the market has been segmented into advisory & implementation services, optimization services, managed services, and technical support services. The optimization services segment of the market is expected to grow at the highest CAGR. Optimization services assist organizations to plan, build, and manage data center facilities. These services also help organizations improve operational efficiency and performance as well as enhance network security. Thus, benefits associated with the adoption of optimization services are projected to drive the growth of the optimization services segment of this market.
Based on organization size, the market has been segmented into large enterprises and SMEs. High initial capital requirements associated with on-premises data centers have propelled SMEs to focus on off-premises/cloud data centers, thereby propelling the demand for off-premises/cloud data center virtualization services. This, in turn, is projected to drive the growth of the SMEs segment of the data center virtualization market.
Based on vertical, the healthcare segment of the data center virtualization market is expected to witness the highest growth in the coming years. Healthcare organizations have moved to data centers and cloud services to manage and process the ever-growing amount of data, which provides huge growth opportunities for data center virtualization vendors.
North America is estimated to be the largest market for data center virtualization in 2017, as organizations in this region are early adopters of the data center virtualization technology. Additionally, the presence of key market players in this region, such as VMware (US), Microsoft (US), Amazon Web Services (US), and Citrix Systems (US) is also driving the adoption of the data center virtualization. This region is also experiencing very high cloud adoption, and cloud service providers are expanding and improving their infrastructure by adopting virtualization services. Many other organizations are opting for data center virtualization to increase agility, scalability, and flexibility of their private data centers, which, in turn, is expected to drive the growth of the data center virtualization market in this region.
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A key restraining factor that affects the growth of the data center virtualization market is data center localization. Thus, stringent laws related to data center localization acts as a restraint to the growth of the market, as data center virtualization service providers consistently need to keep up with changing regulatory compliances and upgrade their solutions and services. The primary challenges for this market include limited awareness regarding the collective benefits of virtualization and limitations associated with the virtualization of legacy IT infrastructure.
Key players operating in the data center virtualization market include VMware (US), Microsoft (US), Citrix Systems (US), IBM (US), and Cisco Systems (US). These companies focus on the adoption of various growth strategies such as agreements, partnerships and collaborations, new product launches, and product enhancements to strengthen their market positions in the market.
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