Emphasis on Type (Technical Support Services, Optimization Services, Managed Services, And Advisory & Implementation Services); Industry Vertical (IT & Telecommunication, BFSI, Education, Healthcare, Government, and Others); Region/Country.
The Data Center Virtualization Market was valued at more than USD 8 billion in 2020 and is expected to grow at a CAGR of around 5% from 2022-2028.
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.
Data Center Virtualization Market Report Coverage
“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.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Data Center Virtualization Market
6. Data Center Virtualization Market Revenue, 2020-2028f
7. Market Insights By Type
8. Market Insights By Industry Vertical
9. Market Insights By Region
10. Data Center Virtualization Market Dynamics
11. Data Center Virtualization Market Opportunities
12. Data Center Virtualization Market Trends
13. Demand And Supply-side Analysis
14. Value Chain Analysis
15. Pricing Analysis
16. Strategic Insights
17. Competitive Scenario
18. Company Profiled
19. Disclaimer
Research Methodology for the Data Center Virtualization Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global data center virtualization market were the three major steps undertaken to create and analyze the adoption of data center virtualizations in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Data Center Virtualization market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the data center virtualization market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the data center virtualization market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, and industry vertical. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Data Center Virtualization market. Further, we conducted factor analysis using dependent and independent variables such as type, and industry vertical of data center virtualizations. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the data center virtualization market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global data center virtualization market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global data center virtualization market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, drive type, and application in the global data center virtualization market.
The main objective of the Global Data Center Virtualization Market Study
The current & future market trends of the global data center virtualization market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
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