The server virtualization market is forecasted to grow at a high rate owing to the accelerating proliferation of cloud and OS technologies coupled with cost benefits
The Global Server Virtualization Market is witnessing a high CAGR growth of 6.2% and expected to reach USD 10.8 Bn by 2027.
The global server virtualization market is estimated to boost at a significant pace during the forecast period owing to, increased adoption in the information technology infrastructure to optimize the operational cost associated by increasing the utilization of available resources. As server virtualization technology is considered the best method to optimize costs and resources, it has become the market trend in recent years. Several companies are investing not the technology to gain market attraction. For instance, in October 2021, Rostelecom, Russia's leading long-distance telephone provider announced a launch of a cloud platform in cooperation with the company JSC MCST, which has developed an Elbrus processor. The container virtualization solution is expected to run multiple services on a single server. The user environments "Elbrus Linux" from MCST and "Alt Linux" from "Basalt SPO" are expected to be used as operating systems.
Based on the organization size, the small and medium-sized enterprises segment is estimated to hold the largest server virtualization market share in the year 2020. Small and medium-sized enterprises are often low on funds and are looking for a benefiting option to lower the operational expenses with maximum usage of available resources. The server virtualization allows the SMEs to cut down the operational costs and use the physical machine at maximum output and therefore leading the server virtualization market size.
Global Server Virtualization Market by Region Outlook (Revenue, USD Billion, 2021-2027)
North America in terms of geography, is estimated to hold the majority market share in the year 2020 and is also expected to propel during the forecast period. The growth is majorly owing to the readily available IT infrastructure, the well-established installed base of servers, and the large presence of major key server virtualization market players. The presence of a wide range of vendors coupled with technological advancements in the region is primarily attracting the server virtualization market vendors. Thus, the region is accounted to be propelled by larger adoption of server virtualization and increased investments in cloud-based services.
The Global Server Virtualization Market Segmentation:
Company Profiles and Competitive Intelligence
The key players operating in the global server virtualization market are: