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Server Virtualization Software Market Increasing Number Of Servers In IT And BFSI Industry

News   •   Jan 10, 2018 02:16 EST

Server virtualization is a process of masking the server resources such as processors, physical servers, and operating systems. With virtualization, a server can run multiple virtual machines or guests, in such a way that each guest is unaware and unaffected by the working of other guests and work as an individual and dedicated system. The software application is used by a server administrator which creates multiple isolated virtual environments by dividing one physical server. These virtual environments are called as virtual private servers, containers, guests, instances, or emulations. The software used for server virtualization plays a vital role in resource management and co-ordination.

One of the major factors responsible for the growth of the server virtualization software market is the increasing number of servers in IT and BFSI industry. As a result of increased complexity of the enterprise network that connects all the computers and associated devices of the organization at different locations, the associated servers are also increasing. Additionally, to achieve greater organizational efficiencies, organizations are adopting technologies such as Big Data analytics, as a result of which, enterprise data is increasing rapidly thereby increasing the number of servers associated for data handling. With an increase in number of servers, the operating and maintenance costs is rising at a rapid pace due to multiple factors, including the purchase and set up of new hardware devices, daily monitoring, power and cooling requirements and maintenance. Wherein, server virtualization software can help in reducing the dependency on physical server by utilizing an individual server with optimum capabilities. Moreover, with server virtualization software, the problems associated with physical server management such as application disruption during up-gradation process, and failure of applications due to server inactivity, is eliminated from the process cycle or process loop. As a result of these factors, the server virtualization software market is growing at a decent pace and is expected to grow more significantly during the forecast period from 2017 to 2025.

The global server virtualization software market is segmented on the basis of software type, enterprise, industry vertical, and geography. Based on software type, the global server virtualization software market is further segmented into Guest OS/Virtual Machine, Hypervisor, Para Virtualization, and Full Virtualization. On the basis of enterprise the global server virtualization software market is segmented as large enterprise and small & medium enterprise. The enterprise size is defined on the basis of number of employee and geographic presence of an enterprise. The industry vertical segment is bifurcated into educational, forensic and public safety, IT and telecommunication, BFSI, and others.

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Geographically, the global server virtualization software market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. The server virtualization software market is expected to grow at a decent rate in the developed regions such as North America and Europe owing to the presence of several multinational information technology and telecommunication companies such as IBM Corporation, VMware, Cisco Systems, Inc. and many others. North America and Europe are expected to be the major contributor towards the global server virtualization software market in terms of revenue. The major countries contributing towards the growth of server virtualization software market in these regions are expected to be the U.S., the U.K., Canada, Germany, and France. Moreover, in the developing regions such as Asia Pacific and Middle East and Africa, the server virtualization software market is expected to grow at a significant rate during the forecast period from 2017 to 2025. The Asia Pacific and Middle East and Africa are expected to be the most promising markets for the server virtualization software market owing to significant investments and developments in the BFSI, and IT and telecommunication industry.

Some of the significant players involved in the global server virtualization software market includes VMware, Inc., Microsoft Corporation, Citrix Systems, Inc., IBM Corporation, Cisco Systems, Inc., Red Hat, Inc., and Oracle Corporation.

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