ICT RESEARCH REPORTS Data-Center-Virtualization-Market | Page 2

communication systems has led to demand for data storage. This increasing demand for data
storage in healthcare have led to increasing adoption of cloud, which reduces IT maintenance
cost.
Small and medium-sized enterprises segment is projected to exhibit the highest CAGR over the
forecast period. Due to high investment cost for production and maintenance of on-premises
data centers, the small and medium sized enterprises are adopting cloud based data center,
which help to reduce the IT expenses.
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North America data center virtualization market held the dominant position in 2016
On the basis of geography, the data center virtualization market is segmented into North
America, Europe, Asia pacific, Latin America, the Middle East, and Africa. North America held the
dominant position in the market and is projected to retain its dominance throughout the forecast
period. The U.S. and Canada are major growth engines in this region. This is due to increasing
digitalization and high adoption of cloud technology in this region.
For instance, according to Coherent Market Insights, it is estimated that in 2015 North America
had approximately 51% of the total data centers, globally. In addition to this, presence of key
market leaders such as Citrix Systems, Amazon Web Services, Microsoft, and VMware is also
another factor driving growth of the market of data center virtualization in this region.
Key Companies: Global Data Center Virtualization Market
Amazon Web Services, AT&T, Cisco Systems, Citrix Systems, Fujitsu, HCL Technologies, Hewlett
Packard Enterprise, Huawei, International Business Machines Corporation, Microsoft, Radiant
Communications, VMware are some of the major key players in the global data center
virtualization market.
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