Market Highlights
The adoption of bringing your own device (BYOD) management platforms have been facilitated with the help of cloud services. BYOD is an approach that allows employees to perform official tasks on their devices such as smartphones, laptops, tablets, and others using an enterprise’s corporate network. Thus, the increasing adoption of cloud computing and OS container-based virtualization is boosting the server virtualization market.
MRFR analysis offers a comprehensive understanding of the market dynamics. The global server virtualization market has been analyzed across key geographies, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is the dominating region in the server virtualization market, followed by Europe. Some of the factors that are responsible for the growth of the North American market include the businesses’ rising need to offer flexible work options as well as improved internet connectivity to their employees. Moreover, the presence of established companies such as Microsoft Corporation, Google, Oracle Corporation, Red Hat Inc., and Amazon Web Services Inc. is one of the driving factors for the growth of the market in this region.
However, Asia-Pacific is the fastest-growing economy in the global market due to its benefits, such as converting physical servers into virtual servers, thus reducing the number of physical servers and achieving huge savings in power and cooling costs. Furthermore, Asia-Pacific is one of the biggest markets for the IT & telecom industry, followed by electronics and semiconductors, manufacturing, automotive, and BFSI. These companies have adopted server virtualization technology to reap its benefits.
According to MRFR analysis, the global server virtualization market was valued at USD 6,560.00 million in 2019; it is expected to be valued at USD 12.41 Billion by 2030 , recording a CAGR of 6.12% during the forecast period, 2020–2030.
Market Segmentation
The worldwide server virtualization market has been segmented into component, deployment, organization size, vertical, and services.
Based on components, the global server virtualization market has been segmented into hardware, hypervisor, and services.
Based on deployment, the global server virtualization market has been segmented into on-premises and cloud.
Based on organization size, the global server virtualization market has been segmented into small & medium scale enterprises and large-scale enterprises.
Based on vertical, the global server virtualization market has been segmented into BSFI, government, healthcare, it & telecommunication, manufacturing, transportation & logistics, and others.
By services, the global server virtualization market has been segmented into monitoring, API management, automation & integration, security, support & maintenance, training & consulting, analytics, and others.
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Multiple Factors to Augment Market Growth
The global market operations have rendered helpful qualities such as a high degree of server ability through its trustworthy approach of splitting a physical server into several isolated yet unique servers. The market promises lower operational expenses and also assists in removing server complexity for the target population that needs market services on a large scale. Another advantage that will assist drive a high level of demand for the market during the projection period, which ends in 2028, is the ability to deploy workload quickly. Server Virtualization Market Size Segments operations employ an innovative technique related to advances in the software-defined data center (sdds) by deploying a single software for the management of virtual resources.
The Global Market to Witness Growth Post COVID-19 Pandemic
The world and its demand and supply market dynamics are grappling with the COVID-19 crisis. With rising vulnerabilities in the healthcare system, services, and infrastructures, competitive business units are striving to retain demand, assist the economy is functioning, and provide a living for individuals. The server virtualization market is contracting; thus, the government and key industry participants are intervening by raising their investment scale and assisting the market in recovering losses sustained over the period ending in 2028.
Regional Analysis
North America to Dominate the Global Market
The North American region will dominate this market. The reason for this is that most of the key players in this market, such as international business machine corporations (ibms), redhat, and large information technology and telecommunications-based multi-national companies, are based in North America (MNCs). The existence of VMware, the leading provider of server virtualization with a huge installed base, is another factor that will drive market expansion in this region. Third-party software is used by the company, and some of its editions, such as VMware workstation, VMware esx server, VMware sx server, and VMware virtual, support both Windows and Linux operating systems.
Key Players
VMware, Oracle, Red Hat, Citrix, Microsoft, Google LLC, I2K2 Networks, PCS, Huawei, and Proxmox Servers Solutions GmbH.
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Server Virtualization Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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