Data Center Virtualization Market Size, Share, Trends, Growth 2030

Data Center Virtualization Market

Data Center Virtualization Market By Component (Service and Software), By Organization Size (Small & Medium Enterprises and Large Enterprises), By End-Use (Education, BFSI, Media & Entertainment, IT & Telecommunication, Retail & SCM, Manufacturing & Automotive, Government, Healthcare, and Others), and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030

Category: Technology & Media Report Format : PDF Pages: 219 Report Code: ZMR-7176 Published Date: May-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 18.1 Billion USD 29.7 Billion 10.1% 2022

Data Center Virtualization Market

Industry Perspective:

The global data center virtualization market size was evaluated at $18.1 Billion in 2022 and is slated to hit $29.7 Billion by the end of 2030 with a CAGR of nearly 10.1% between 2023 and 2030.

The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace. The data center virtualization industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Data Center Virtualization Market: Overview

Data center virtualization is the process of designing, deploying, and developing a highly scalable and secured data center enabling data virtualization components for improving IT performance. Furthermore, it offers a strong foundation for effectively managing private as well as public cloud solutions apart from proficiently handling conventional on-premise infrastructure. Reportedly, data center virtualization provides a slew of benefits to various businesses that look for increasing profitability as well as scalability along with data mobility. Moreover, data center virtualization help in cost-savings apart from increasing the storage capacity of the data centers.

Key Insights

  • As per the analysis shared by our research analyst, the global data center virtualization market is projected to expand annually at the annual growth rate of around 10.1% over the forecast timespan (2023-2030)
  • In terms of revenue, the global data center virtualization market size was evaluated at nearly $18.1 billion in 2022 and is expected to reach $29.7 billion by 2030.
  • The global data center virtualization market is anticipated to record massive growth over the forecast period owing to escalating the requirement of reducing operating costs of firms and enhancing business agility along with a massive need for centralized & unified handling of data centers.
  • Based on component, the software segment is predicted to contribute a majorly towards the market growth over the forecast timeline.
  • In terms of application, the large enterprises segment is projected to account for a major share of the global market in 2023-2030.
  • On the basis of the end-use, the IT & telecommunication segment is projected to account for a major share of the global market in 2023-2030.
  • Region-wise, the Asia-Pacific data center virtualization market is projected to register the fastest CAGR during the assessment period.

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Data Center Virtualization Market: Growth Factors

Escalating demand for minimizing operational costs & improving business agility to boost the global market trends in 2023-2030

Massive need for reducing operating costs of firms and enhancing business agility along with escalating requirements for centralized & unified handling of data centers will proliferate the expansion of the data center virtualization market across the globe. In addition to this, surging demand for minimizing data center complicatedness along with an increase in data center traffic will boost the global market trends. Rise in digitization and surge in data centers along with surging investments have favorably benefitted the growth of the global market. In addition to this, surging awareness about the advantages of cloud-based data storage will foster the expansion of the market across the globe.

Furthermore, the end-user preference for digital transformation will enlarge the scope of the growth of the global data center virtualization market across the globe. In addition to this, surging customer preference for online transformation will define the global market surge in the upcoming years.

Data Center Virtualization Market: Restraints

Stringent government laws related to data center localization to hinder the global industry expansion

Data center localization has adversely impacted the expansion of the global data center virtualization industry in the years ahead. Strict legislation pertaining to data center localization can further put brakes on the industry across the globe. Growing data security concerns can further impede the global industry surge.

Data Center Virtualization Market: Challenges

Low awareness pertaining to benefits provided by data centers to put up a big challenge in the growth path of the global market

Lack of awareness about data centers can restrict the expansion of the data center localization market across the globe. In addition to this, a large number of firms have low know-how about transfer from physical hardware infrastructure and virtual set-up of data centers. This, in turn, will pose a big challenge in the growth path of the global market.

Data Center Virtualization Market: Opportunities

Rise in adoption of private cloud computing tools to open new growth opportunities for the global industry

Surge in the acceptance of private cloud and surging expenditure on data center tools will open new growth avenues for the data center virtualization industry across the globe.

Data Center Virtualization Market: Segmentation

The global data center virtualization market is sectored into component, organization size, end-user, and region.   

In terms of component, the global data center virtualization market is sectored into service & software segments. Furthermore, the software segment, which accounted for more than 70% of the global market share in 2022, is anticipated to retain its segmental domination even during the forecast timeline. The segmental surge in the next eight years can be attributed to a rise in acceptance of virtualization software including network virtualization, server virtualization, and storage virtualization across the data centers.

Based on the organization size, the global data center virtualization industry is divided into small & medium enterprises and large enterprises segments. The large enterprises segment, which accounted for the highest industry share in 2022, is projected to lead the global industry in the forecasting years. The growth of the segment in the coming years can be owing to the surging requirement for data center virtualization software & services in large enterprises with the latter housing a large number of end-users and huge volumes of data that can require many servers for storage purposes.

On the basis of end-use, the data center virtualization market across the globe is bifurcated into education, BFSI, media & entertainment, IT & telecommunication, retail & SCM, manufacturing & automotive, government, healthcare, and others segments. Moreover, the IT & telecommunication segment, which accounted for more than 60% of the global market revenue in 2022, is projected to maintain its segmental dominance even in the upcoming years. The growth of the segment in the next couple of years can be attributed to the escalating need for scalability, rapid roll-outs, and upgrades leading to the movement of data centers towards virtualization in IT as well as telecom sectors.

Recent Breakthroughs:

  • In the first half of 2019, VMware, Inc., a U.S.-based cloud computing & virtual technology firm, launched VMware Cloud on Dell EMC which will help the firm offer secured, scalable, and strong infrastructure for providing data center services to end-users on-premises as well as edge locations. The strategic move is anticipated to accentuate the expansion of the global industry.
  • In the second half of 2021, Citrix Systems, Inc., a U.S.-based cloud computing & virtualization tech company, and Nutanix, Inc., a U.S.-based cloud computing firm, joined hands for delivering secured access to apps and desktops from any device.
  • In August 2022, Microsoft Corporation opened its first data center in Qatar, thereby opening new growth avenues for the cloud-based economy in the country in the upcoming years. The move will boost the growth of the data center virtualization industry in the Middle East.

Data Center Virtualization Market: Report Scope

Report Attributes Report Details
Report Name Data Center Virtualization Market Research Report
Market Size in 2022 USD 18.1 Billion
Market Forecast in 2030 USD 29.7 Billion
Growth Rate CAGR of 10.1%
Number of Pages 219
Key Companies Covered Hewlett Packard Enterprise Development LP, VMware, Inc., HCL Technologies Limited, Microsoft Corporation, AT&T Corporation, Cisco Systems, Inc., Citrix Systems, Inc., Huawei Technologies Co., Ltd., Fujitsu Limited, Radiant Communications Corp., and IBM Corporation.
Segments Covered By Component, By Organization Size, By End-Use, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Data Center Virtualization Market: Regional Insights 

North American Data Center Virtualization market to register humungous revenue gains in the next eight years

North America, which accounted for over two-fifths of the global data center virtualization market revenue in 2022, is anticipated to lead the regional market expansion over the analysis timeline. The regional market elevation over 2023-2030 can be large-scale acceptance of data center virtualization software & services in firms across the countries such as Canada and the U.S. In addition to this, the presence of giant players such as Microsoft Corporation, Cisco Systems, Inc., VMware, Inc., and Citrix Systems.

Global Data Center Virtualization Market SizeRequest Free Sample

On the other hand, the data center virtualization industry in the Asia-Pacific region is predicted to register the fastest CAGR of nearly 17.2% in the forecasting years. The growth of the market in the Asia-Pacific zone can be attributed to an increase in funding for cloud technologies, swift digitization, and a surge in the number of data centers in APAC.

Data Center Virtualization Market: Competitive Space

The data center virtualization market profiles key players such as:

  • Hewlett Packard Enterprise Development LP
  • VMware Inc.
  • HCL Technologies Limited
  • Microsoft Corporation
  • AT&T Corporation
  • Cisco Systems Inc.
  • Citrix Systems Inc.
  • Huawei Technologies Co. Ltd.
  • Fujitsu Limited
  • Radiant Communications Corp.
  • IBM Corporation.

The global data center virtualization market is segmented as follows:

By Component

  • Service
  • Software

By Organization Size

  • Small & Medium Enterprises
  • Large Enterprises

 By End-Use

  • Education
  • BFSI
  • Media & Entertainment
  • IT & Telecommunication
  • Retail & SCM
  • Manufacturing & Automotive
  • Government
  • Healthcare
  • Others

 By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Data center virtualization is the process of designing, deploying, and developing a highly scalable and secured data center enabling data virtualization components for improving IT performance. Furthermore, it offers a strong foundation for effectively managing private as well as public cloud solutions apart from proficiently handling conventional on-premise infrastructure. Reportedly, data center virtualization provides a slew of benefits to various businesses that look for increasing profitability as well as scalability along with data mobility.       

The global data center virtualization market is projected to expand over 2023-2030 due to escalating need for reducing operating costs of firms and enhancing business agility along with escalating requirements for centralized & unified handling of data centers.

According to study, the global data center virtualization market size was $18.1 billion in 2022 and is projected to reach $29.7 billion by the end of 2030.

The global data center virtualization market is anticipated to record a CAGR of nearly 10.1% from 2023 to 2030.

The Asia-Pacific data center virtualization industry is set to register the fastest CAGR over the forecasting period subject to increase in funding of cloud technologies, swift digitization, and a surge in the number of data centers in APAC.

The global data center virtualization market is led by industry players such as Hewlett Packard Enterprise Development LP, VMware, Inc., HCL Technologies Limited, Microsoft Corporation, AT&T Corporation, Cisco Systems, Inc., Citrix Systems, Inc., Huawei Technologies Co., Ltd., Fujitsu Limited, Radiant Communications Corp., and IBM Corporation.

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