The Data center virtualization market is projected to grow from an estimated USD 3.75 billion in 2017 to USD 8.06 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.5% during the forecast period.
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Factors, such as need to reduce operational costs and enhance business agility of enterprises, demand for unified and centralized management of data centers, and increase in data center complexities are expected to drive the data center virtualization market.
Data center localization is a key factor restraining the growth of the market.
- Providers of Data Center Virtualization Services
- Suppliers of IT Hardware/Software/Services
- Software and System Integrators
- Technology Investors
- Research/Consultancy Firms
- Technology Providers
- Network Operators
- Data Center Operators
- IT Infrastructure Providers
- Managed Service Providers
- Cloud Service Providers
- Associations and Technology Groups
- Corporate and Institutional Investors
The data center virtualization services market has been studied for North America, Europe, Asia Pacific (APAC), Middle East & Africa, and Latin America.
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Data center virtualization are being extensively adopted in the Asia Pacific, as organizations focus on optimizing operational costs and capital expenses and achieving high data center efficiency to meet the challenges of growing businesses which, in turn, are expected to fuel the Asia Pacific data center virtualization market.
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Based on type, the advisory & implementation services segment is estimated to lead the market in 2017, as enterprises transform their data centers to become more agile and cost-efficient are expected to require advisory & implementation services. The advisory & implementation services segment combines various services, such as virtualization consulting, assessment, design, deployment, and implementation services.
Based on vertical, the IT & Telecommunication segment of the data center virtualization market is estimated to lead the data center virtualization market in 2017. The IT & Telecommunication vertical highly dependent on data centers for the efficient running of their business operations.
2 Competitive Situation and Trends
2.1 New Product Launches & Product Enhancements
2.2 Agreements, Collaborations & Partnerships
3 Market Ranking of Key Players
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The data center virtualization market has been segmented on the basis of type, end user, organization size, vertical, and region. Based on type, the data center virtualization services market has been segmented into advisory & implementation services, optimization services, managed services, and technical support services.
Based on organization size, the data center virtualization services market has been segmented into large enterprises and SMEs. Based on vertical the data center virtualization market has been segmented into IT & Telecommunication, Banking Financial Services & Insurance (BFSI), education, healthcare, government, retail &Supply Chain Management (SCM), media & entertainment, manufacturing & automotive and others(energy & utility and travel & hospitality).The data center virtualization market has been studied for North America, Europe, APAC, the Middle East & Africa, and Latin America.
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