The data center virtualization market is estimated at USD 3.75 Billion in 2017 and is projected to reach USD 8.06 Billion by 2022, at a CAGR of 16.5% from 2017 to 2022. Key factors propelling the growth of the market include the need to reduce operational costs and enhance business agility of enterprises and demand for unified and centralized management of data centers.

Northbrook, IL -- (SBWire) -- 01/16/2018 --Based on type, the optimization services segment of the data center virtualization market is expected to witness the highest growth during the forecast period

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Based on type, the optimization services segment is expected to witness the highest growth during the forecast period. The optimization services segment includes services for virtualization health check, data center disaster recovery, performance management, and virtual data center optimization assessment. Optimization services assist data center administrators to easily manage and scale their data centers. Hence, the demand for optimization services by organizations is expected to witness the highest growth during the forecast period.

Based on organization size, the Small- & Medium-sized Enterprises (SMEs) segment of the data center virtualization market is expected to grow at the highest CAGR during the forecast period

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Based on organization size, the Small- & Medium-sized Enterprises (SMEs) segment of the Data Center Virtualization market is estimated to witness the highest growth rate during the forecast period. SMEs are adopting off-premises/cloud-based data center virtualization on a large scale to minimize the costs of hardware and maintenance for on-premises data centers, which are more suited to their financial budgets. Therefore, the SMEs segment is expected to register a high growth rate in the data center virtualization market.

Based on vertical, the healthcare segment is expected to grow at the highest CAGR during the forecast period

Based on vertical, the healthcare segment of the data center virtualization market is expected to witness the highest growth in the coming years. Healthcare organizations have moved to data centers and cloud services to manage and process the ever-growing amount of data, which provides huge growth opportunities for Data Center Virtualization vendors.