According to Fact.MR, a market research and competitive intelligence provider, the global server virtualization software market is estimated to achieve a valuation of US$ 16 billion by 2033, expanding at a 7.1% CAGR from 2023 to 2033.
Server virtualization is a cost-effective technique to deliver web hosting services while maximizing the use of current resources in IT infrastructure. Servers only utilize a small part of their computing power without server virtualization. Since the workload is allocated to only a subset of the network’s servers, servers lie idle. Data centers get overloaded with underutilized servers, resulting in resource and power waste.
North America is expected to dominate the global server virtualization software market during the forecast period. The regional market is projected to be fueled by increased adoption of server virtualization, technological advancements, and increased investments in cloud-based services.
Moreover, the United States is leading the North American market due to the presence of major global information technology and telecommunications businesses such as VMware, IBM Corporation, and Cisco Systems, Inc.
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