Exploring the Server Virtualization industry with potential market analysis — Future growth opportunities to 2023
The global server virtualization market was valued at US$ xx million in the year 2018 and is expected to reach US$ xx million by the year 2023, growing at a CAGR of approximately 7%. Server virtualization is a method that involves splitting a physical server into small virtual servers with the help of specific software. Each virtual server can run in multiple Operating Systems (OS) at the same time.
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Fundamentally, server virtualization is termed as the masking of server resources. It includes the identity of each physical server, operating systems from the server users. A typical enterprise data center contains a massive number of servers. Most of the servers remain idle, if the workload is not properly distributed among the servers, which results in a waste of expensive hardware resources, maintenance, cooling requirements, and power. Server virtualization gives the platform for each virtual server to look and act like a physical server and to bear the capacity of every single physical machine.
The server virtualization concept is broadly applied in Information Technology infrastructure as a method of minimizing operational cost by increasing the utilization of available resources. Being an integral part of Information Technology, server virtualization has become a technology trend in recent years and is attracting more players to join the competition. A virtualized server is often a good solution for small and medium scale applications. Server virtualization also saves space through consolidation, as numerous machines can be combined into one server running several virtual environments. The server virtualization market is driven by the increasing demand for cost-effective web hosting services.
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