Server Virtualization Software Market – Increasing Number of Servers In It and BFSI Industry

Server Virtualization Software Market - Increasing Number of Servers In It and BFSI Industry

Server-Virtualization-Software-MarketServer 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.

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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

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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.