Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 18.1 Billion | USD 29.7 Billion | 10.1% | 2022 |
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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