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Data center virtualization market to surpass $20 billion by 2030

By District Energy posted 12-08-2022 13:00


Data Center News


The data center virtualization market is set to surpass $20 billion by 2030, according to new forecasts from Global Market Insights.

According to the analyst firm, government initiatives to promote the digitalization of public data and significant investment by large-scale firms to provide data banks are the chief drivers of the industry. 

For instance, in March 2022, Microsoft, an American technology giant, announced its plan to develop a new sustainable data center region in Finland with the intent to transform and enable large-scale carbon-free district heating and migrate the servers to a unified cloud platform that can support them in systematically handling the facilities with more flexibility in terms of future expansion.

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