Back in the day, most enterprises had numbers of physical servers, in which each server could only run one specific task and resulting stacks of tasks. That is when virtualization technology really took off. Virtualization has really taken part of the outdated physical machines, and made businesses possible to run multiple operating systems or multiple applications on the same server at the same time.
Virtualization is defined as creating a virtual version of a device or resource, such as a server, operating system, storage device, and network into one or more execution environments. The utilization of virtualization has been expanding and there are six areas of IT where it can take part, namely network virtualization, storage virtualization, server virtualization, data virtualization, desktop virtualization, and application virtualization.
According to Marketers Media the global data center virtualization market is expected to grow at approximately USD 10 billion by 2023, at 8% of CAGR between 2017 and 2023. Meanwhile, according to Research and Markets study, the global desktop virtualization market is projected to reach USD 28.345 billion in 2022, increasing from USD 6.276 billion in 2016 at a CAGR of 28.57%. Virtualization is spreading across industries, becoming a standard for how companies consolidate hardware and better in performance optimization.
Many organizations embrace virtualization as one of their initial steps in digital transformation process. Not only IT department can run more than one operating system or application on a single physical machine, virtualization also promises benefits such as consolidation of infrastructure, lower costs, greater security, disaster recovery, ease of management, better employee productivity, and business continuity.
The Motley Fool, an online financial services company, is about 75% virtualized. Lovett, the Director of Technical Operations, expects to approach 100% server virtualization. Server virtualization technology and server consolidation has tremendously improved the business. Lovett suggested a 33% savings in overall server power consumption. The Motley Fool admitted that they use server virtualization technology to improve equipment utilization.
There are many aspects which can be taken advantage of by deploying a virtualization technology in the enterprise. As your IT solution partner, CTI Group will help you virtualize your infrastructure to boost up your business productivity and continuity.