Connect with us

Artificial Intelligence

Data Center Virtualization Market will value USD 24.33 billion by 2030 : GreyViews



Pune India, Jan. 13, 2023 (GLOBE NEWSWIRE) — The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and the Middle East and Africa. These are the key regions where the data centre virtualization market is operating and is predicted to expand soon. The manufacturers and suppliers involved in the data centre virtualization market are present across various countries in the above-mentioned regions.

Get Sample Copy of This Report @

The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as the type, organization, end-user, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs.
 The significant players operating in the global data centre virtualization market are Amazon Web Services, Hewlett Packard Enterprise, HCL Technologies, IBM Corporation, Fujistu, Openstack, Radiant Communications Corporation, Huawei Technologies Co., Ltd., AT&T, Inc., Cisco Systems, Inc., Adobe Systems, Inc., Microsoft Corporation, Red Hat Inc., Cisco Systems, Inc., VMware, Inc., Citrix Systems, Dell Corporation among others. To achieve a substantial market share in the worldwide data centre virtualization market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures.
A modern data centre can be made highly scalable, highly available, and secure through virtualisation. One can improve IT agility using data centre virtualization products while creating a seamless foundation for managing private and public cloud services alongside traditional on-premises infrastructure. Additionally, factors such as an increasing demand to simplify data centre operations, an increase in the adoption of private clouds, a rise in expenditures on data centre technology, and rapid growth in data centre traffic are expected to drive market growth. Increasing energy generation is a key factor driving data centre virtualization solutions’ demand. In the energy sector, advanced technologies, such as artificial intelligence (AI), machine learning (ML), and cloud computing, are being used to boost power generation efficiency, and this encourages them to use virtualization in the data centre. There are some factors which are hampering the growth of the market such as high costs, and missing components. Several components and resources lacking in data centre virtualization, and this poses a significant challenge. A growing awareness of cloud services, pressure to establish more secure and robust IT environments and the establishment of local data centres throughout the region have all contributed to the growth of the data centre virtualization market.

Enquiry Before Buying This Report @

Scope of Data Virtualization Market Report:

Report Metric Information
Study Period 2022-2030
Base Year           2022
Forecast Period 2023-2030
Market Share Unit USD Billion
Segments Covered Type, Organization, End-User and Regions.
Regions Covered North America, Europe, Asia-Pacific, South America, and Middle-East and Africa
Major Players Amazon Web Services, Hewlett Packard Enterprise, HCL Technologies, IBM Corporation, Fujistu, Openstack, Radiant Communications Corporation, Huawei Technologies Co., Ltd., AT&T, Inc., Cisco Systems, Inc., Adobe Systems, Inc., Microsoft Corporation, Red Hat Inc., Cisco Systems, Inc., VMware, Inc., Citrix Systems, Dell Corporation among others.

Segmentation Analysis

Optimization services are expected to be the fastest-growing segment in 2022. 

The type segment includes optimization services, technical support services, para virtualization tools, advisory & implementation services, host machines and others. The optimization services segment is expected to witness the highest growth rate during the forecast period. The process of reducing the transaction costs and risks of a trading system by adjusting the variables, or targeting assets that have greater expected returns through optimization. Optimum services are expected to grow at the highest CAGR in the market, helping organizations plan, build, and manage their data centres.

Small and medium-sized enterprises are expected to be the fastest-growing segment in 2022. 

The organization segment includes large enterprises and small & medium-sized enterprises. The small & medium-sized enterprises segment is expected to witness the highest growth rate during the forecast period. To avoid high hardware and maintenance costs for on-premises data centres, small to medium-sized enterprises use cloud-based and off-premises data centre virtualization tools on a large scale to minimize their costs.

Healthcare is expected to be the fastest-growing segment in 2022. 

The end-user segment includes manufacturing, education, media & entertainment, healthcare, IT & telecommunications and others. The healthcare segment is expected to witness the highest growth rate during the forecast period. Data centres and cloud services are being used by healthcare organizations to manage and process ever-increasing amounts of data, which is leading to growth in the data centre virtualization market. In addition, with lower deployment costs and greater flexibility, virtualization strategies enable organizations to expand their IT capabilities to meet the demands of users at a faster pace.

Regional Analysis           

The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for the data centre virtualization market include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia.

The North American region witnessed a major share. Companies are building next-generation network infrastructure in Canada, a key factor driving regional development. Over the forecast period, North America is expected to witness a growing adoption of cloud-based services and technologies. Additionally, increasing government regulations for maintaining information security standards are driving demand for virtualization solutions in data centres, propelling regional market growth.

Country Analysis

Germany’s data centre virtualization market size was valued at USD 0.56 billion in 2022 and is expected to reach USD 1.8 billion by 2030, at a CAGR of 16.4% from 2023 to 2030.
A significant factor driving Germany’s data centre virtualization market is digital transformation strategies, cloud computing adoption by enterprises, IoT, AI, and GDPR implementation.

China’s data centre virtualization market size was valued at USD 0.58 billion in 2022 and is expected to reach USD 1.9 billion by 2030, at a CAGR of 16.7% from 2023 to 2030.
It is envisioned that companies’ growing demand for cloud computing and related data services will propel China’s growth. In addition, progress in data centre technology and its integration with other benefits are expected to spur the country’s market growth.

India’s data centre virtualization market size was valued at USD 0.45 billion in 2022 and is expected to reach USD 1.5 billion by 2030, at a CAGR of 16.6% from 2023 to 2030.
A rise in cloud technology investments, rapid digitization, and an increasing number of data centres are driving the data centre virtualization market in the country.
Covid-19 Impact
Covid-19 had a major impact on almost all industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the technology sector have seen increased revenue due to significant changes in consumer preferences toward technological services. In addition, the pandemic has led to significant growth in technology across developing and developed countries.

Furthermore, the growth of this market is mainly driven owing to the rising data centre traffic, propelling the growth of the market across the countries.

Buy Now Full Report @

Contact Us
Rocky Shah
Pune India
Phone: (+44) 162-237-1047
Email: [email protected]


Follow Us: LinkedIn | Twitter

Browse Related Reports:

Perovskite Solar Cell Market Size By Type (Flexible Perovskite Solar Cells and Rigid Perovskite Solar Cells), By Application (Utilities, Solar Panel, Smart Glass, Perovskite in Tandem Solar Cells, Portable Devices and BIPV), Regions, Segmentation, and Projection till 2030

Distributed Fiber Optic Sensor Market Size By Technology (Rayleigh Effect, Brillouin Scattering, Raman Effect, Interferometric, and Bragg Grating), By Application (Temperature Sensing, Acoustic/Vibration Sensing, and Others), Regions, Segmentation, and Projection till 2030

Wearable Payment Devices Market Size By Device Type (Smartwatches, Fitness Trackers, and Payment Wristbands), By Technology (Near Field Communication, Barcodes, Contactless Point of Sale Terminals, Radio Frequency Identification, and Quick Response Codes), By Application (Fitness, Healthcare, Transportation, Retail, Festival & Life Events and Others), Regions, Segmentation, and Projection till 2030

Inventory Management Software Market Size By Offering (Solution and Services), By Deployment (On-premise and SaaS), By Application (Consumer Goods and Retail, Automotive, Oil and Gas, Manufacturing, and Others), Regions, Segmentation, and Projection till 2030

Insulation Paper Market Size By Product (Mica Insulating Paper, Electrical Insulating Paper, and Hybrid Insulating Paper), By Application (Conductor Insulation, Power Cable, Barrier Insulation and Others), By End-User (Electronics, Automotive, and Industrial Goods), Regions, Segmentation, and Projection till 2030

Insulation Boards Market Size By Application (Wall Insulation, Roof Insulation, Floor Insulation, and Others), By Material Type (Polyurethane, Polyisocyanurate, Extruded Polystyrenes, and Others), By End-User (Building And Construction, Consumer Appliances, Transport, And Others), Regions, Segmentation, and Projection till 2030

Data Centre Virtualization Market Size By Type (Optimization Services, Technical Support Services, Para Virtualization Tools, Advisory & Implementation Services, Host Machine and Others), By Organization (Large Enterprises and Small & Medium-Sized Enterprises) By End-User (Manufacturing, Education, Media & Entertainment, Healthcare, IT & Telecommunications and Others), Regions, Segmentation, and Projection till 2030

Digital Business Support System Market Size By Component (Services and Solutions), By Deployment Model (Hybrid Cloud, Private Cloud and Public Cloud), By End-User (Large Enterprises and Small & Medium Enterprises), Regions, Segmentation, and Projection till 2029

Air Pollution Control Systems Market Size by Product Type (Electrostatic Precipitators, Catalytic Convertors, Scrubbers and Thermal Oxidizers), By Application (Power Generation, Cement, Chemical, Iron & Steel and Others), Regions, Segmentation, and Projection till 2029

Workforce Management Market Size by Component (Software and Service), By Deployment (Cloud and On-Premise), By Applications (Attendance Management, Workforce Analytics, Workforce Scheduling and Others), Regions, Segmentation, and Projection till 2029

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

oToBrite Unveils Automotive-Grade 5MP/8MP Camera Modules to Meet Soaring Demand for High-Level ADAS/Autonomous Driving




HSINCHU, Sept. 28, 2023 /PRNewswire/ — oToBrite, a prominent provider of Vision-AI ADAS/AD solutions, has unveiled its latest offering in response to the surging demand for high-level Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) applications. With the need for enhanced perception technology, particularly for heavy commercial vehicles, as the heavier the vehicle is, the longer it will take to stop, oToBrite has successfully introduced automotive-grade 5MP/8MP camera modules. These cutting-edge modules can improve the visibility and perception capabilities of ADAS/AD systems, and have been adopted among clients in North America.

oToBrite has been a leading tier-1 player for vision-AI ADAS/AD solution in the automotive industry, leveraging its full-stack capabilities spanning camera module production technology, edge-computing system design, and vision-AI model development. The company offers flexible business model and comprehensive vision-AI technology stack, enabling it to provide system solutions, camera modules, or AI IP licensing to cater to diverse customer requirements. Its automotive-grade camera modules have already garnered the trust of prominent clients and entered the supply chain of car OEMs such as Luxgen, SONY, Toyota, XPENG, etc. with over 1 million automotive-grade camera modules deployed. To learn more about oToBrite’s offerings, please visit
The newly launched 5MP/8MP camera modules from oToBrite feature high-sensitivity CMOS sensors. oToBrite’s 5MP camera module series is equipped with Sony IMX490 Sensor and has multiple viewing angles, including 30°, 60°, 90°, and 120°. The 8MP camera module series employs Sony IMX728 sensors and also offers various viewing angles. Both 5MP and 8MP series are equipped with GMSL2 interfaces and tested with waterproof and dustproof standards of IP67/69K. They can operate within a temperature range of -40°C to +85°C, ensuring the utmost reliability and stability for customers.
oToBrite holds a distinct advantage in camera production technology, with 1K class clean room factory certified with IATF16949 and endorsed by several leading car OEMs. Additionally, the in-house developed 5/6-axis active alignment machine for high-end camera modules exhibits the capability to manufacture over 60 SKU variants of camera modules.
About oToBrite
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949 certified clean room factory and several years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithm, ECU/domain controller and automotive-grade/special purpose camera products.
Photo –

View original content:

Continue Reading

Artificial Intelligence

CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities




Time for action is now: Customer expectations for servitization already exist (61%) and projected to increase (70%) in the next three years, in terms of value, service and reliability.
LONDON, Sept. 28, 2023 /PRNewswire/ — IFS, the global cloud enterprise software company, has shared the latest findings of its recent global research polling 2,000 senior decision-makers – VP and above – in France, Germany, Japan, Nordics, UK, USA and the UAE –across Manufacturing, Services, Telecoms, Energy & Resources, Construction & Engineering, and A&D industries. In its last overview, the company highlighted the overarching dependence on AI to create and accelerate business value from servitization.  

The survey points to specific executives as drivers or enablers to successfully make the shift and align the organization behind it. The survey highlights the CFO (21%) behind the CEO (35%) as the guardian of business resilience, financial health and as the purse string holder for technology investments. CFOs recognize that the move to servitization is essential in providing predictability in revenues, expenditure and third-party costs, and are aligning themselves to becoming stewards of identifying cross-business strategies that will build competitive advantage. 
At the heart of the business case for servitization, the CFO is focused on three elements: Faster and more cost-efficient time to market, visibility and predictability into revenues and CAPEX, accelerating organization alignment across people, processes and technology, to support not only the processes but also to provide the insights required to assess and optimize as they go within their business and intra-company.  
CFOs exhibit the greatest urgency in implementing a servitized model out of all C-level respondents (CIOs, CHROs and CTOs), with (32%) prioritizing adoption within the next 18 months. This implies change is not only necessary but will deliver business benefits, with progress and success measured by a fully servitized P&L. CFOs are also most likely (26%) to say their role is the one driving the shift within the organization, as they understand how technology capabilities will reach deep into their organization and enable it to become more technology-driven with regards to the design and delivery of products and services: Product R&D (34%) and service R&D (32%) are two areas CFOs prioritized when looking at servitized business processes.  
The priority outcome CFOs want to achieve from servitization is enhancing insight-driven decision-making capabilities (32%) – pointing to why AI is their #1 essential technology choice (49%) as it will fuel faster, more accurate and more data-led inputs into the strategic choices that impact the bottom line.   
Technology as a revenue growth enhancer makes wise fiscal sense. For example, EAM is a must-have for servitization success (34%)– assets that are predictively maintained will last longer, have less downtime and result in less expenditure. FSM (40%) maximizes profitable revenue streams and enables significant cost savings across the service lifecycle through optimized workforce scheduling and planning. Similarly, the wealth of connected asset data that can be harnessed through the application of automation, ML, IoT, end-to-end connectivity – all CFO “must-implements” – explain why CFOs have emerged as such strong proponents of technology and servitization.   
The CFO’s confidence about the organizational readiness is high at (42%) indicating they have the processes mapped out and are progressing well in their move to servitization, but still have either organizational impacts on people and processes (23%) or technology needs to overcome, making the CHRO the second most significant executive to drive and enable the transformation. 
CHROs are more cautious about servitization readiness within the organization, being acutely aware that shifting from a product-focused to a service-focused mindset within their organizations is a barrier to implementing servitization (42%). However, CHROs are in alignment with the CFO on customer expectations for servitization, which are high now, and are set to increase. They also agree that technology is essential to success, with AI their top pick (50%).  
Alex Rumble, SVP of Corporate Communications, Product Marketing, AR, & CI at IFS, commented: “The CFO’s remit has evolved hugely in the last decade away from financial reporting to understanding and influencing business-wide strategies and aiding transformation.” Rumble added, “Our research illustrates this very well and that CFOs not only understand the positive impact of aligning a business behind the customer’s expectations, but also the much broader business value of doing so.” She concluded: “Today CFOs are visionary advocates of change and digital transformation and will help build predictability in revenue and costs, ultimately the holy grail for CFOs but still technology dependent.” 
Together, CFOs and CHROs can partner to be a powerful force to not only accelerate servitization, but also ensure that the whole organization is primed for success. CHROs must act as a secondary catalyst to mobilize cultural change, acting as a bridge between the business and ensuring the communication and implementation of the overall strategy is not siloed to the C-level. 
About IFS 
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build, and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers – at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 5,500 employees every day live our values of agility, trustworthiness, and collaboration in how we support our thousands of customers. Learn more about how our enterprise software solutions can help your business today at 
CONTACT: IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi Morgan IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +1 520 396 2155
The following files are available for download:–cost-effici,c3220272
CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities

View original content:

Continue Reading

Artificial Intelligence

Breaking language barriers: thebigword’s AI workflows enhance translation delivery on time to 99% while significantly reducing turnaround times




LEEDS, England, Sept. 27, 2023 /PRNewswire/ — thebigword, a leading provider of language solutions, is proud to announce an improvement in its on-time delivery performance and significant reduction of turnaround times. This has been made possible through a strategic fusion of human expertise and state-of-the-art AI and Machine Translation technologies.

This exciting achievement reaffirms the company’s commitment to delivering accurate and timely translations to clients worldwide, setting new industry standards.
With the ever-growing demand for rapid and high-quality translations, thebigword has taken numerous steps, including the ability to create and implement self-driving AI workflows, to ensure their clients are receiving the highest quality of translation and customer service.
Through the enhanced integration of AI and Machine Translation solutions into its translation workflows, thebigword has achieved remarkable outcomes, such as the significant reduction in turnaround times and this notable increase in on-time deliveries. With 99% of translation projects across various languages and industries delivered on time to clients, with shorter turnaround times.
thebigword’s collaborative approach leverages the strengths of their human translators with the power of AI technologies to allow for faster translation turnaround times, while maintaining the highest levels of accuracy. Their technology platform also enables quick resource allocation, ensuring that translation projects are assigned, executed and delivered quickly to reduce delivery times.
Joshua Gould, Chief Executive Officer of thebigword Group said: “thebigword is delivering a very human service with the utilisation of next-generation AI. These innovations represent an ongoing effort to enhance the overall client experience through our ability to deliver accurate, high-speed translations at an affordable price for any budget.”
Mark Daley, Global Managing Director of thebigword Translation said: “thebigword understands how crucial timely delivery of accurate translations are for the global success of our clients, and some of the latest technological integrations we have enabled have allowed us to achieve an impressive 99% as well as faster turnaround times.”
As thebigword celebrates this achievement, it looks forward to building on its success with other translation milestones and continuing to provide high-quality translation services – further enabling its mission of eradicating the final barrier of global communication.
About thebigword:
As one of the largest language service providers globally, thebigword utilises the greatest minds and boundary-shattering technology to deliver phenomenal quality at scale to both our clients and linguist network.
thebigword provides the best translation, interpretation, localisation and language technology solutions for businesses, the public sector and individuals – handling up to 50,000 worldwide assignments every day.
For more information about thebigword’s innovative AI and Machine Translation solutions, please visit
Logo –
For media enquiries, please contact:Lauren HockneyGlobal Head of [email protected]

View original content:

Continue Reading

Latest News