Global Storage Virtualization Market Size, Trends, and Growth Opportunity, By Deployment (Cloud, On-premise), By End User (BFSI, IT, and Telecommunication, Automotive, Government, Healthcare, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) and forecast till 2030.
Global Storage Virtualization Market
The global Storage Virtualization market was valued at USD 14.10 billion in 2022 and is expected to expand to USD 52.10 billion in 2030 at a CAGR of 13.55% during the forecast period 2023- 2030.
The procedure of pooling all accessible storage resources from several locations, making them appear as a single storage device in the system is called Storage virtualization.
Market Drivers
The major driving factor that drives the market growth is the gush in the number of technical inventions over the past two decades which has been taking place in the information technology industry.
Also, numerous end-use industries and residential applications have been observing digital transformation and a boost, is further propelling the market growth.
Market Restraints
The main restraining factors that hamper the market growth are obstacles in the network system and the threat of numerous sprawls. Also, system or server failure is also hindering market growth as one system or server fails, then all servers or systems will fail.
Market Segmentation
The global Storage Virtualization market is segmented based on Deployment, End User, and region. On the basis of Deployment, it is segmented into Cloud, On-premise. Based on End Users, it is segmented into BFSI, IT, and Telecommunication, Automotive, Government, Healthcare, Others. Based on region, it is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Regional Analysis
North America is expected to dominate the market owing to the majority of storage Virtualization vendors or companies like HP, Citrix system, Inc., and IBM being based in North America. Also, the rising adoption of advanced technologies by companies in this region boosts market growth.
The Storage Virtualization market in the Asia Pacific region is likely to witness substantial growth because of increasing investment by telecom organizations and growing outflow on research, which helps businesses to bring in advanced technological products in the region.
Key Players
Various key players are listed in this report such as HP, BlueArc Corporation, Microsoft Corporation, Citrix Systems Inc., Coraid, Hitachi Data System, Vmware Inc., IBM Corporation, Oracle Corporation, and EMC Corporation.
Market Taxonomy
By Deployment
o Cloud
o On-premise
By End User
o BFSI
o IT and Telecommunication
o Automotive
o Government
o Healthcare
o Others
By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Storage Virtualization Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Storage Virtualization Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Storage Virtualization Market, By Deployment
5.1 Y-o-Y Growth Comparison, By Deployment
5.2 Global Storage Virtualization Market Share Analysis, By Deployment
5.3 Global Storage Virtualization Market Size and Forecast, By Deployment
5.3.1 Cloud
5.3.2 On- premise
6 Global Storage Virtualization Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Storage Virtualization Market Share Analysis, By End User
6.3 Global Storage Virtualization Market Size and Forecast, By End User
6.3.1 BFSI
6.3.2 IT and Telecommunication
6.3.3 Automotive
6.3.4 Government
6.3.5 Healthcare
6.3.6 Others
7 Global Storage Virtualization Market, By Region
7.1 Global Storage Virtualization Market Share Analysis, By Region
7.2 Global Storage Virtualization Market Share Analysis, By Region
7.3 Global Storage Virtualization Market Size and Forecast, By Region
8 North America Storage Virtualization Market Analysis and Forecast (2023- 2030)
8.1 Introduction
8.2 North America Storage Virtualization Market Share Analysis, By Deployment
8.3 North America Storage Virtualization Market Size and Forecast, By End User
8.4 North America Storage Virtualization Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Storage Virtualization Market Analysis and Forecast (2023- 2030)
9.1 Introduction
9.2 Europe Storage Virtualization Market Share Analysis, By Deployment
9.3 Europe Storage Virtualization Market Size and Forecast, By End User
9.4 Europe Storage Virtualization Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Storage Virtualization Market Analysis and Forecast (2023- 2030)
10.1 Introduction
10.2 Asia Pacific Storage Virtualization Market Share Analysis, By Deployment
10.3 Asia Pacific Storage Virtualization Market Size and Forecast, By End User
10.4 Asia Pacific Storage Virtualization Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Storage Virtualization Market Analysis and Forecast (2023- 2030)
11.1 Introduction
11.2 Latin America Storage Virtualization Market Share Analysis, By Deployment
11.3 Latin America Storage Virtualization Market Size and Forecast, By End User
11.4 Latin America Storage Virtualization Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Storage Virtualization Market Analysis and Forecast (2023- 2030)
12.1 Introduction
12.2 Middle East Storage Virtualization Market Share Analysis, By Deployment
12.3 Middle East Storage Virtualization Market Size and Forecast, By End User
12.4 Middle East Storage Virtualization Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 HP
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 BlueArc Corporation
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Microsoft Corporation
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Citrix Systems Inc.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Coraid
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Hitachi Data System
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Vmware Inc.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 IBM Corporation
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Oracle Corporation
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 EMC Corporation
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
