Market Highlights
As indicated by Market Research Future (MRFR), the global Data Virtualization Industry size is assessed to reach roughly USD 278 billion, with a 15% CAGR from 2017 to 2023 (conjecture period). The review report incorporates a short outline of the effect of COVID-19 on current/future market conditions. The report depicts a portion of the primary market factors that will impact the development of the industry, for example, market share, basic locale, and key part.
Data Virtualization is a clear way to deal with data the board by permitting an application to recover and control data without requiring any specialized insights concerning the data (old and new record area servers.
Market Dynamics
The Data Virtualization Industry is relied upon to grow at a quick rate, representing undertaking applications, for example, CRM, ERP, CMS, ESB, BI, Web conferencing, and numerous others. Data virtualization can be capable as a high level and easy to use variation of the Data Federation, yet there is a significant distinction between them. Data organization likewise rotates around data extraction, data change, and data load, while data virtualization makes a reflection layer that can be utilized to have a legitimate perspective on all data without stressing over the specialized particulars of the data. Data virtualization unified data from different sources, for example, functional frameworks, cloud administrations, data focuses, social databases, and others, makes a reflection layer, and conveys data to clients like undertaking applications and application servers.
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Segmentation:
The global market for data virtualization has been segmented on the basis of data consumers, vendors, and end-user.
On the basis of data consumers, the global data virtualization market has been divided into Business Intelligence (BI), Mobile Enterprises and Application servers. Of these, Mobile enterprise has the largest market share, rising rapidly at 5% annual growth. The main factors that add value to the mobile enterprise are the increase in smartphone penetration, the increase in real-time information capture, and the efficiency and productivity of the organization to make their business mobile ready.
On the basis of vendors, the global data virtualization market has been categorized as large software vendors, service providers, specialized pure play vendors, and supplementary technologies. Informatica, Cisco, and Denodo are the leaders and major software vendors. However, as such, Microsoft is not a leader or competitor but holds the place in supplementary technologies in data virtualization.
Based on the end-user, the global data virtualization market has been segmented into healthcare, insurance, retail, manufacturing, E-commerce, media, telecom, and government.
Regional Analysis
Regionally, the global data virtualization market has been segmented into North America, Europe, APAC, and the rest of the world.
North America expected to gain the highest market share. Data virtualization is held integrated through different technology and trends such as cloud services, enterprise services, application servers, and several data architects, CIO's CTO seems to have an interest in data virtualization. With the early adoption of innovative technologies, North America is leading the way.
Key Players
This market is held by some of the renowned players who have contributed a lot to it. Some of the most prominent players are Cisco Systems (US), IBM Corporation (US), Red Hat Software (US), Informatica (US), Denodo Technologies Inc (US), SAP SE (Germany), Capsenta (US), Data Virtuality (Germany), Oracle Corporation (US), and Microsoft Corporation (US).
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Data Virtualization Industry, By Data Consumers (Business Intelligence (BI), Mobile Enterprises, Application Servers), By Vendors (Large Software vendors, Specialize Pure Play vendors, Service providers, Supplementary Technologies), By End – User (Healthcare, Insurance, Retail, Manufacturing, E-commerce, Media, Telecom and Government) and By Region (North America, Europe, APAC and Rest of the World).
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According to Market Research Future (MRFR), the global Data Center Virtualization Market is estimated to grow at approx.
USD 10 billion with a CAGR of 8% from 2017 to 2023 (forecast period).
The report describes the strengths, opportunities, threats, and potential business risks and offers a rigorous analysis of the global market situation with the effect of COVID-19.Data center virtualization is essentially a process of designing, developing, and deploying a virtualization and cloud computing data center.
Data center virtualization is a scalable, flexible, and cost-effective alternative to physical data center operations.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/3207 Competitive OutlookThe prominent participants identified by MRFR operating in the global data center virtualization market are – Dell Corporation (U.S.), SAP SE (Germany), IBM Corporation (U.S.), VMware Inc. (U.S.), Microsoft Corporation (U.S.), Red Hat Inc. (U.S.), Fujitsu Limited (Japan), Hewlett Packard Enterprise Development LP (U.S.), Cisco Systems, Inc. (U.S.) and Citrix Systems, Inc. (U.S.) among others.Segmentation:The global data center virtualization market has been segmented based on type, organization size, and vertical basis.
Owing to high investment costs for the production and maintenance of on-premises data centers, small and medium-sized enterprises are embracing cloud-based data centers to help minimize IT costs.Based on vertical, the global data center virtualization market has been segmented into BFSI, manufacturing, healthcare, IT & Telecommunication, government, and others.
Global Data Centre Virtualization Market was valued at USD 4.93 Bn in 2019 and is expected to reach at USD 17.67 Bn by 2027 at a CAGR of 17.3% over forecast period 2020-2027.The report covers an in depth analysis of COVID 19 pandemic impact on Global Data Centre Virtualization Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.Global Data Centre Virtualization Market Dynamic’s:Data centre virtualization is basically a particular process where the designing, development and deployment of data centre on cloud computing and virtualization technology is performed.
Various factors such as need to reduce enterprise operational costs and enhance business agility, an increasing demand for unified and centralized management of data centre and growing data centre complexities are mainly driving the global data centre virtualization market over forecast period.However, lack of awareness regarding virtualization technology and limitations associated with the virtualization of legacy IT infrastructure, lack of technical expertise and cyber security concerns are restraining the market growth over forecast period.Global Data Centre Virtualization Market is segmented by type, organization size, end user and by region.
By type, the optimization services segment held 37.87% of market share in 2019 and is expected to keep its dominance over forecast period.
Healthcare organizations are adopting data virtualization techniques to manage and process the ever-growing amount of data.By organization size, market is segmented into SMEs and Large Enterprises.
Additionally, the presence of key market players in this region, such as VMware (US), Microsoft (US), Amazon Web Services (US), and Citrix Systems (US) is also driving the market growth in this region.
In this region SMEs are adopting data centre virtualization to increase agility, scalability, and flexibility of their private data centres, which, is expected to drive the growth of the data centre virtualization market in this region.Report covers in depth analysis of key development, benchmarking on various parameters, marketing strategies and company profiles of market leaders, potential players and new entrants.
