PUBLISHER: Market Research Future | PRODUCT CODE: 1679126
PUBLISHER: Market Research Future | PRODUCT CODE: 1679126
Global Server Virtualization Market Research Report Information by Component (Hardware, Hypervisor and Services), Deployment (On-Premises and Cloud), Organization Size (Large Enterprises, Small and Medium Enterprise), Vertical (BFSI, Healthcare, Government and Public Sector, Transportation and Logistics, Manufacturing, IT & Telecom and Others), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Forecast till 2032
In the forecast period, the Server Virtualization industry is anticipated to grow at a compound annual growth rate (CAGR) of 5.3%.
The market is experiencing growth due to the increasing adoption of OS Container Based Virtualization and Cloud Computing.
Software-defined data centers (SDDCs) are short for software-defined data centers and are also known as software-defined data centers (SDDs) or virtual data centers. Since the introduction of server virtualization technology over two decades ago, enterprises have been consolidating infrastructure resources. Server virtualization has facilitated the acceleration of provisioning, the enhancement of system utilization, and the reduction of hardware expenditures. The development of server virtualization over the course of several years has culminated in the development of SDDC technology. It is anticipated that the demand for SDDC will rise as virtualization is expanded beyond computation to include storage and networking resources. The virtualized resources are managed by a singular software that SDDC offers. Furthermore, the pace of resource delivery and efficiency are improved by the policy-driven automation of provisioning and management that SDDC facilitates. SDDC is the subsequent stage in the progression of cloud computing and virtualization, as it offers a solution that can accommodate both new cloud computing services and legacy enterprise applications.
Market segment insights
The Server Virtualization market is segmented into Hardware, Hypervisor, and Services based on Component.
The market has been divided into On-Premises and Cloud based on Deployment Mode.
Small & medium enterprises and large enterprises are the two categories into which the Server Virtualization Market has been divided based on organization size.
The market has been segmented into the following sectors: BFSI, Healthcare, Government and Public Sector, Transportation and Logistics, Manufacturing, IT & Telecommunication, and Others, based on the vertical.
Regional Perspectives
North America has been divided into the United States, Canada, and Mexico. The United States is anticipated to acquire the largest market share, followed by Canada and Mexico, as per the MRFR analysis. The increasing adoption of cloud computing in North America is driving the demand for server virtualization. One of the primary factors contributing to the expansion of the market in this region is the presence of major corporations, including Microsoft Corporation, Google, Oracle Corporation, Red Hat Inc., Amazon Web Services Inc., and others.
The United Kingdom, Germany, France, Spain, and the remainder of Europe have been divided. The country's advanced level of industrial automation and the increasing use of cloud-based solutions are among the factors that have contributed to market growth. The EU Cloud Strategy, Digital Services Act (DSA), and Digital Markets Act (DMA) are among the stringent regulations and initiatives that promote the expansion of the server virtualization market in this region.
During the forecast period of 2024 to 2032, the Asia-Pacific server virtualization market is anticipated to exhibit the maximum compound annual growth rate (CAGR) of 6.7%. China is anticipated to possess the largest market share, followed by India and Japan, as per the MRFR analysis. Asia-Pacific is one of the largest markets for server virtualization in the IT and telecommunications sector, with BFSI and healthcare following closely behind.
It is anticipated that the virtualization market in the Middle East and Africa will experience substantial growth in the years ahead. In the region, numerous local service providers are providing consulting, integration, and support services for virtualization. The digital transformation is being rapidly adopted by the GCC countries and South Africa, which are emerging markets.
The adoption of virtualization technology is on the rise in Brazil, Peru, Chile, and Argentina. The technology is being embraced by a significant number of businesses due to its potential to generate higher returns on investments and increase cost reductions. This is anticipated to drive the expansion of the South American market.
VMware, Red Hat, Inc., Oracle Corporation, Citrix System Inc., OpenStack, Microsoft Hyper-V, and Nutanix Inc. are the primary participants in the Server Virtualization sector, as per the MRFR analysis.