Market Research Future predicts the global server virtualization market to reach USD 12.41 billion at a CAGR of 6.12% from 2020–2030 (forecast period).
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. Market 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.
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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.
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.
VMware, Oracle, Red Hat, Citrix, Microsoft, Google LLC, I2K2 Networks, PCS, Huawei, and Proxmox Servers Solutions GmbH.
In May 2020, Promox server solutions released proxmox ve 6.2, with upgraded features such as debian buster (10.4) and a linux kernel 5.4.
In April 2020, Google and VMware announced cooperation to support VMware workloads through the Google Cloud Platform (gcp). According to the terms of this cooperation agreement, the businesses will have full access to fully managed Google cloud VMware engine services, allowing them to run VMware workloads directly on the Google cloud.
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