According to Market Research Future analysis, the global server virtualization market was valued at USD 6,560.00 million in 2019; it is expected to reach USD 12.41 billion by 2030, recording a CAGR of 6.12% during the forecast period, 2020–2030. Server virtualization is the process of creating a virtual version of a server, allowing multiple virtual servers to run on a single physical server. This allows for increased resource usage, improved scalability, and improved availability for a business. Virtualization also provides a layer of abstraction between the physical hardware and the operating system, which makes it easier to manage and deploy applications across multiple servers. Virtualization also allows for more efficient use of resources, as multiple virtual machines can be hosted on a single physical server. This allows organizations to get more out of their hardware investments while using less energy and physical space.
VMware, Oracle, Red Hat, Citrix, and Microsoft, among others, are a few of the key players in the global server virtualization market.
MRFR analysis offers a comprehensive understanding of the market dynamics. The global server virtualization market has been analyzed based on component, deployment mode, organization size, vertical, and region.
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Based on components, the global server virtualization market has been segmented into hardware, hypervisor, and services. The hardware segment is further classified into switches and servers & storage while the services segment is sub-segmented into consulting, technology & integration, and deployment support & maintenance service. Among these, in 2019, the hardware segment accounted for the largest market share of 41.56%. The hypervisor segment is projected to record the highest CAGR during the forecast period.
Based on organization size, the global market has been segmented into small and medium-sized enterprise (SME) and large enterprise. In 2019, the large enterprise segment accounted for the larger market share. The SME segment is projected to record the higher CAGR during the forecast period.
Based on vertical, the global market has been segmented into BFSI, government, healthcare, IT & telecommunication, manufacturing, transportation & logistics, and others. Financial institutions usually operate on tight budgets, and the servers being part of the IT costs are a huge issue. However, server virtualization is being implemented by various banks across the globe to reduce infrastructure costs, energy consumption, and the tasks of the system administrators. The major advantage of virtualization is the opportunity to utilize a data center’s hardware efficiently. Physical servers in a data center are idle most of the time. By installing virtual servers inside the hardware, a financial institution can use its hardware more efficiently and reduce operating costs. Banks are the earliest adopters of this technology and have been implementing server virtualization for more than a decade. For instance, Axis Bank Limited has been using this technology since 2014, BancVue since 2011, and ICICI since 2008.
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In 2019, the BFSI industry vertical accounted for the largest market share, whereas the government segment is expected to grow with the highest CAGR of 7.47% during the forecast period.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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