Market Overview:
The server virtualization market size of 2020 can touch close to USD 12.41 Billion by 2030, confirms Market Research Future (MRFR). The global market is all set to obtain a growth rate of 6.12% between 2020 and 2030, considered to be the evaluation period. We will provide a COVID-19 impact analysis with the report, offering detailed market developments following the coronavirus disease outbreak.
Main Drivers and Key Challenges
The COVID-19 outbreak brought with itself a slew of challenges, with the hardest impact on the global economy. Governments everywhere were forced to impose a lockdown, along with quarantines and social distancing to curb the spread of the pandemic. One of the industries that had to bear the brunt of SARS-CoV-2 is IT & telecommunication, pushing the need for as many advanced technologies and tools that could facilitate continuous flow of operations. With the work-from-home trend being adopted by almost every workforce around the world, server virtualization has come to the forefront. The novel coronavirus has brought manufacturing and production units to a halt, leading to an increasing gap in the supply and demand ratio for devices such as computers, tablets and smartphones. The close down of manufacturing coupled with the rising fragility of the supply chain has been a major dampener for the server virtualization market.
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Looking on the bright side, the vigorous efforts being given by the leading vendors along with the onslaught of revival offers from governments can eventually help the server virtualization market again find its foothold worldwide. Apart from this, the escalating demand for hyper-converged integrated system combined with the growth of software-defined data center solution can also be immensely favorable for the server virtualization market.
The latest trend in the market can be the rapidly mounting demand for cloud computing across enterprises, with gives a certain boost to the uptake of computational resources. Cloud computing has successfully taken virtualization to a higher level, as it helps enterprises automatically provide their applications to end users irrespective of the device’s location. Another notable development in the market can be the increasing collaborations and partnerships between leading firms that aim to boost their customer base.
To illustrate, in July 2020, OpenSynergy collaborated with Google as well as Qualcomm for development of virtualized Android Automotive OS that runs in conjunction with Qualcomm's Snapdragon SA8155 automotive SoC and OpenSynergy's COQOS Hypervisor SDK.
Segmental Outlook
The server virtualization industry has been segregated in terms of type, deployment, services and organization size.
Depending on type, the server virtualization industry has been considered for para virtualization, operating system level virtualization and full virtualization.
Deployment-based key categories are cloud and on-premises. On-premise deployment of server virtualization software is currently leading the global market, however the cloud based deployment segment can achieve better expansion rate in the near future.
The key services available in the global market include Consulting Service, Technology & Integration and Deployment Support & Maintenance Service.
The ranges considered based on organization size can be large enterprises along with small & medium enterprises.
Regional Study
The regional study of the server virtualization market comprises Asia Pacific/APAC, Europe, North America as well as RoW or Rest of the World.
North America remains one of the strongest contenders in the global market for server virtualization, thanks to the extensive prominence of numerous multinational IT vendors such as VMware, Cisco Systems, Inc. IBM Corporation, to name a few. The high implementation of the latest technologies across small as well as large enterprise also adds to the market attractiveness in North America.
The APAC market can potentially gain at the fastest rate, as a result of the expanding pool of server virtualization firms along with the fast developing IT infrastructure. The increasing spending on the development of the IT and telecommunication and BFSI industries also induces substantial market growth in the region.
Leading Industry Players
The leading industry players mentioned in the MRFR study are Amazon.Com, Inc. (U.S.), IBM (U.S.), Oracle Corporation (U.S.), Red Hat, Inc. (U.S.), VMware, Inc. (U.S.), Google Inc. (U.S.), Citrix Systems, Inc. (U.S.), Huawei Technologies Co. Ltd. (China), Odin Inc. (U.S.), Microsoft Corporation (U.S.), and more.
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Global Server Virtualization Market Research Report: Information By Component (Hardware, Hypervisor and Services), Deployment Mode (On-Premise and Cloud), Organization Size (Small and Medium-Sized Enterprise (SME) and Large Enterprise), Vertical (BFSI, Government, Healthcare, IT & Telecommunication, Manufacturing, Transportation & Logistics and Others) and Region - Forecast to 2027Market HighlightsThe adoption of bringing your own device (BYOD) management platforms have been facilitated with the help of cloud services.
BYOD is an approach that allows employees to perform official tasks on their devices such as smartphones, laptops, tablets, and others using an enterprise’s corporate network.
The Global Server Virtualization Market has been analyzed across key geographies, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Moreover, the presence of established companies such as Microsoft Corporation, Google, Oracle Corporation, Red Hat Inc., and Amazon Web Services Inc. is one of the driving factors for the growth of the market in this region.
However, Asia-Pacific is the fastest-growing economy in the global market due to its benefits, such as converting physical servers into virtual servers, thus reducing the number of physical servers and achieving huge savings in power and cooling costs.
Furthermore, Asia-Pacific is one of the biggest markets for the IT & telecom industry, followed by electronics and semiconductors, manufacturing, automotive, and BFSI.
