Virtual Infrastructure Manager Market Report 2024

The virtual infrastructure manager market size has grown rapidly in recent years. It will grow from $3.33 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 19.1%. During the historic period, growth can be attributed to several factors, the expansion of enterprises, heightened concerns regarding worker efficiency, infrastructure companies embracing digitalization, increasing demand for virtual infrastructure managers, and growing requirements for unified and virtual infrastructure monitoring solutions.

The virtual infrastructure manager market size is expected to see rapid growth in the next few years. It will grow to $8.01 billion in 2028 at a compound annual growth rate (CAGR) of 19.2%. In the forecast period, growth can be attributed to several factors, the expanding implementation of cloud computing, increased adoption of virtualization technologies, widespread adoption of bring your own device (BYOD) policies, growing cloud adoption across various end-user segments, and rising demand for workplace flexibility. Major trends expected during this period include the deployment of innovative applications, enhancements driven by the evolution of 5G networks for virtual infrastructure, advancements in technologies ensuring seamless integration, development of advanced software and technologies, and the continuing trend of BYOD and remote working practices.

The virtual infrastructure manager market is poised for growth due to the increasing adoption of cloud computing. Cloud computing provides computing services such as storage and processing over the internet, offering scalability, cost-efficiency, and improved business agility. It allows virtual infrastructure managers to effectively allocate, manage, and optimize virtual resources across networks. For example, Eurostat reported in December 2023 that 45.2% of EU enterprises used cloud computing services, marking a significant increase from previous years, driven by applications such as email hosting and file storage.

Leading companies in the virtual infrastructure manager sector are innovating with hybrid cloud solutions, combining on-premises infrastructure with public and private cloud services. This integration enables greater flexibility and scalability, facilitating seamless data and application management across environments. For instance, NetApp Inc. launched a bundled virtualization solution in November 2023 aimed at small and medium businesses. This solution integrates VMware vSphere 8, Fujitsu PRIMERGY Servers, and NetApp all-flash storage systems with ONTAP integration, providing a cost-effective platform for transitioning workloads between on-premises and public clouds.

In November 2023, Broadcom Inc. acquired VMware Inc. for $61 billion. Broadcom plans to leverage VMware Cloud Foundation to strengthen its enterprise cloud infrastructure strategy, supporting businesses in building and modernizing private and hybrid cloud environments. VMware Inc. specializes in cloud computing and virtual infrastructure management, aligning with Broadcom's strategic expansion goals.

Major companies operating in the virtual infrastructure manager market are 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.

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. The regions covered in the virtual infrastructure manager market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries 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.

A virtual infrastructure manager (VIM) is a software tool responsible for overseeing and coordinating virtualized resources within a data center, including virtual machines, storage, and networks. Its primary function is to efficiently allocate, monitor, and optimize these resources, ensuring agility and scalability in cloud computing environments.

The core offerings of a virtual infrastructure manager encompass both solutions and services. A VIM solution is software designed to centrally manage and optimize virtualized resources such as servers, storage, and networks in cloud or data center settings. These solutions can be deployed on-premises, as part of infrastructure as a service (IaaS), or in cloud-based environments. They cater to diverse end-users across industries such as healthcare, manufacturing, retail, telecom, and others.

The virtual infrastructure manager market research report is one of a series of new reports that provides virtual infrastructure manager market statistics, including the virtual infrastructure manager industry's global market size, regional shares, competitors with a virtual infrastructure manager market share, detailed virtual infrastructure manager market segments, market trends and opportunities, and any further data you may need to thrive in the virtual infrastructure manager industry. This virtual infrastructure manager market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The virtual infrastructure manager market consists of revenues earned by entities by providing services such as software licensing, cloud services, consulting, implementation, and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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