The virtual infrastructure manager market has experienced rapid growth in recent years, expanding from $3.33 billion in 2023 to $3.97 billion in 2024, at a compound annual growth rate (CAGR) of 19.1%. This growth can be attributed to the expansion of enterprises, concerns about worker efficiency, the adoption of digitalization by infrastructure companies, rising demand for virtual infrastructure managers, and the need for unified and virtual infrastructure monitoring. Looking ahead, the market is projected to reach $8.01 billion by 2028, with a CAGR of 19.2%. This future growth is driven by the increasing implementation of cloud computing, greater adoption of virtualization, high uptake of BYOD policies, cloud adoption across various end-user segments, and rising workplace flexibility requirements. Key trends include the deployment of innovative applications, the evolution of the 5G network enhancing virtual infrastructure, new technologies ensuring smooth integration, development of advanced software and technology, and the prevalence of BYOD and remote working.
Global Virtual Infrastructure Manager Market Key Driver
The growing adoption of cloud computing is likely to drive the growth of the virtual infrastructure manager market. Cloud computing, which provides computing services such as storage and processing power over the internet on a pay-as-you-go basis, is becoming more popular due to its scalability, cost-efficiency, and ability to enhance business agility. Cloud computing enables virtual infrastructure managers to efficiently allocate and manage virtual resources across a network. Eurostat reported in December 2023 that approximately 45.2% of EU enterprises were utilizing cloud computing services for tasks such as email hosting and file storage, marking a 4.2 percentage point increase from 2021. This rising adoption of cloud computing is set to propel the virtual infrastructure manager market.
Get A Free Sample Of The Virtual Infrastructure Manager Market Report
Global Virtual Infrastructure Manager Market Segments
The virtual infrastructure manager market covered in this report is segmented –
1) By Offering: Solution, Service
2) By Deployment Type: On-Premises, Infrastructure As A Service (IaaS), Cloud Based
3) By Application: Healthcare, Manufacturing, Retail, Telecom, Other Applications
By Geography:The regions covered in the virtual infrastructure manager market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the virtual infrastructure manager market in 2023. Asia-Pacific is expected to be the fastest-growing region in the market going forward.
Major Virtual Infrastructure Manager Industry Players
Google LLC, Microsoft Corporation, Dell Inc., Amazon Web Services Inc., International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Broadcom Corporation, Hewlett Packard Enterprise Company, Fujitsu Limited, Telefonaktiebolaget LM Ericsson, NEC Corporation, ServiceNow Inc., Ciena Corporation, Citrix Systems Inc., Rackspace Technology Inc., Hitachi Vantara, Nutanix Inc., Ribbon Communications, Progress Software Corporation, HashiCorp Inc., Corsa Technology, Uila Inc.
Purchase The Global Virtual Infrastructure Manager Market Report Directly And Get A Swift Delivery
Virtual Infrastructure Manager Market Overview
A virtual infrastructure manager (VIM) refers to a software tool that manages and orchestrates virtualized resources within a data center, such as virtual machines, storage, and networks. It ensures efficient allocation, monitoring, and optimization of these resources. It is crucial in cloud computing environments to maintain infrastructure agility and scalability.
Virtual Infrastructure Manager Global Market Report 2023 provides data on the global virtual infrastructure manager market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The virtual infrastructure manager market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
