NEW YORK, Jan. 11, 2016 /PRNewswire/ -- Market outlook of storage virtualization
The increase in implementation of virtualization solutions has led to a rapid development of server virtualization solutions. It increases the productivity of servers and the network as a whole. Technavios market research analysts predict the global storage virtualization market to grow at a CAGR of more than 24% from 2015 to 2019.
There need for centralization of all processes in the network and scaling of computing resources in the network to reduce workloads drives its adoption. The increase in IT spending by enterprises and the growing amount of storage data generated by cloud computing and IoT will emerge as some key factors propelling the demand for virtual storage until 2019.
Research scope of the global storage virtualization market
In this market research study, analysts have calculated the market size of global storage virtualization considering the following:
Revenue generated from the implementation of storage virtualization appliances and software.
The report discusses storage virtualization based on implementation technology as host-based, network-based, or system-based.
It also discusses the market segmented based on the type of virtualization namely, block-based and file-based.
Geographical segmentation of the global storage virtualization market
The US has contributed the maximum towards the global storage virtualization market. Many large enterprises in the country including government agencies, cloud service providers (CSPs), and colocation and Web hosting service providers operate their data centers in this region.
Storage virtualization offers several benefits to these organizations through higher utilization of storage resources. It also helps in the consolidation of data center facilities through reduced power consumption and cost.
Leading vendors analyzed in this report
The other prominent vendors of this market include DataCore Software, EMC, Hitachi Data Systems, and NetApp.
Key questions answered in the report
What are the key factors driving the global storage virtualization market
What are the key market trends impacting the growth of the global storage virtualization market
What are the various opportunities and threats faced by the vendors in the global storage virtualization market
Trending factors influencing the market shares for EMEA, APAC, and Americas
Key outcome of the five forces analysis on the global storage virtualization market
Growth forecast of the global storage virtualization market until 2019
Technavio also offers customization on reports based on specific client requirement.
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