For a decade, virtualization has evolved as a game-changer within the networked computing field. The practice of generating logical abstraction between the underlying hardware resources and software functionality. This has led to economic as well as technical benefits including faster resource provisioning, enhanced server utilization, and improved disaster recovery competencies.
The global virtual data center market is anticipated to increase at a 13.8% CAGR to reach value US$ 279 Bn in 2032
The concept of virtualization is implemented at a large scale across the complete server datacenter with the advent of cloud computing technologies. As a result, the subsequent management environment functions as containers of assembled servers that are deployed in different cloud environments including hybrid, private, or public, and consumed as IaaS (Infrastructure as a Service) offering. This service can be referred to as the Virtual Data Center and delivers a range of strategic and technology business benefits.
Key Market Drivers and Restraints:
Advisory & Implementation services are expected to drive the Virtual Datacenter (VDC), Market
Progressive businesses ensure that their investments allocated for IT are in line with their strategic business goals. As a result, the budget IT infrastructure budget is, therefore, a key consideration. In a VDC environment, the software service or application is decoupled from the hardware, enabling the flexibility to function several IT workloads on the shared pool of substructure resources. This leads to an enhanced resource utilization since each individual hardware module is optimally utilized to true business enablement.
About more than one-third of IT expenditure is curbed by a line of business entities and prevent businesses from undertaking the most lucrative route through their IT investment. Some of the barriers include integration concerns, inflexible infrastructure environments, and vendor lock-in, etc. By extending the principles of virtualization to the whole data center, businesses can enhance profitability by leveraging the ideal hardware infrastructure in order to change the business-driven IT use cases.
IT & Telecommunications is one of the emerging applications for Virtual Datacenter Market
The rising investments towards the expansion of a digital economy that includes improving urban and rural broadband connectivity, assisting in facilities for technological advancements, and, laying submarine fiber cables shall drive the global demand for the VDC industry. The substantial use of 4G technology along with the evolving 5G technology rollouts is likely to grow internet penetration and augment industry growth. Additionally, the development of edge computing can be attributed to nurturing facilities development within the virtual data center market. Extensive implementation of services such as big data, artificial intelligence (AI), cloud, and IoT is enabling operators to use high-performance work critical IT infrastructure within the IT & telecommunication domain.
Regional Market Scenario:
Asia-Pacific will lead the growth in this market
North America is expected to hold the largest market share for the virtual data center in 2018 and continue to dominate over the forecast period. Being the early adopters of technologies, the developed countries such as the U.S., UK, Germany, France and others are projected to make their existence felt largely in the global virtual data center construction and installation industry.
Asia-Pacific is anticipated to be the fastest growing region for the virtual data center market. Emerging economies like China, India, and Russia are key growth countries owing to rising demand for cloud service from SMEs, and large enterprises, coupled with improved adoption of VDC technologies and architecture by various industry verticals.
Key Market Players
- Citrix Systems
- Amazon Web Services
- Cisco Systems
- Radiant Communications
Market Segments: Virtual Data Center Market
- By Type
- Advisory & Implementation Services
- Optimization Services
- Managed Services
- Technical Support Services
- By Application
- IT & Telecommunication
- Banking Financial Services & Insurance (BFSI)
- By Region
- North America
- Asia Pacific
- South America
- The Middle East and Africa
- North America
- Industry Associations
- Patent Websites
- Company Annual Reports
- Company Websites
- Key industry leaders
- Technology consultants
- Datacenter service providers
- Hardware OEMs
- System Integrators
- BFSI experts
Key Questions Answered
- What are the key growth regions and countries?
- What are the important types and technologies being used?
- What are the market players doing, in terms of research and development?
- Which are the new applications for this market?
- What are the integrations happening?
- What are the recent news, developments, mergers, or large value deals?
- Raw material suppliers
- Products & solution providers
- Regulatory Authorities
- Research and Innovation Organizations
- Suppliers and Distributors
- Other Channel Partners
- Environmental Authorities