Data Center Virtualization Market Analysis

Data Center Virtualization Market Analysis

The data center network virtualization market is poised to reach a valuation of USD 10 billion by 2030. The segmental growth is attributed to rising efforts to reduce the operational cost of data centers, which can be achieved using network virtualization that groups physical networks to operate as a single or multiple independent networks called virtual networks, thus, aiding in cost-efficient data storage.

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The managed services segment is slated to garner nearly USD 2 billion by 2030. Growing need for running specialized and dedicated day-to-day operations at an optimum level is expected to energize managed service growth, propelling the overall data center virtualization market expansion.
 

The IT & telecom industry is predicted to reach USD 5 billion in revenue by 2030. The IT and telecom sector is experiencing a revolutionary change with the advent of modern technologies, such as 5G, NFC, and more. As real-time data transfer is crucial for these technologies, IT & telecom operators adopt high-performance data centers to ensure efficient data management, thus spurring data center virtualization market demand.
 

The Asia Pacific data center virtualization market size is projected to witness around 20% gains through 2030. The soaring preference for digitalization across the regional healthcare sector has resulted in a surge in the demand for high-performance data center virtualization. Moreover, companies in the healthcare space are also integrating advanced technologies to enhance the customer experience, thereby fostering the regional progression.