Key factors propelling the growth of the Data Center Virtualization Market include the need to reduce operational costs and enhance the business agility of enterprises, and demand for unified and centralized management of data centers. Increased investments in virtualization and software-defined technologies are expected to offer lucrative growth opportunities to data center virtualization vendors in the near future.
The scope of this report covers the segmentation of the data center virtualization market based on type, organization size, vertical, and region. Based on type, the data center virtualization market has been segmented into advisory & implementation services, optimization services, managed services, and technical support services. Based on organization size, the market has been segmented into large enterprises and SMEs. Based on vertical, the market has been segmented into IT & Telecommunication, BFSI, education, healthcare, government, retail & SCM, media & entertainment, manufacturing & automotive, and others (energy & utility and travel & hospitality). Based on region, the market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Based on type, the optimization services segment of the data center virtualization market is expected to grow at the highest CAGR from 2017 to 2022. Optimization services assist organizations in improving data center efficiency and performance. Thus, benefits associated with the adoption of optimization services are projected to drive the growth of this segment during the forecast period.
Based on organization size, the SMEs segment of the data center virtualization market is expected to grow at the highest CAGR from 2017 to 2022. High initial capital requirements associated with on-premises data centers have propelled SMEs to focus on off-premises/cloud data centers, thereby propelling the demand for off-premises/cloud data center virtualization. This, in turn, is projected to drive the growth of the SMEs segment of the data center virtualization market.
Based on region, the data center virtualization market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period. The high demand for virtualization services from data centers in countries, such as China, South Korea, India, Indonesia, Japan, Singapore, Australia, and other countries to optimize performance makes the Asia Pacific a lucrative market for data center virtualization.