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Asia Pacific to spend $1.35 billions in virtualization by 2010

Virtualization in APAC will be a must-have technology, I have said that in the past and I can tell you that now. I have years of experience in these markets and know how the stuff works out there, while in Europe we are still , sometimes, in the mode of "mmm--we'll give it a spin", other businesses around the world need it massively!

I'm still not sure how they extracted that number but I guess it'll excite some folks for sure.

So if Europeans still keep lagging behind, I won't be surprised that all that expertise and know-how too will shift to APAC.

Anyways here's the news:

IT market research firm Springboard Research reported that the virtualization software and services market in Asia Pacific will grow at an estimated CAGR of 42% to reach US$1.35 billion by 2010 with CIO interest in the technology increasing steadily.

A survey of CIOs from large and mid-sized enterprises in Australia, China, India and Singapore showed that 50 percent of CIOs want to deploy virtualization solutions over the next 18-24 months to address issues like low system capacity utilization, poor performance and other challenges associated with managing growing IT infrastructure.

Also, Virtualization services will take head from software, reaching US$1 billion by 2010 as organizations will spend 2 to 3 times more on services than on software.

“Our research indicates that virtualization, at least at the server level, is becoming an imperative and that a growing number of companies will implement virtualization at the server level in 2008,” said Michael Barnes, Vice President, Software Research at Springboard Research. “The complex nature of engagements with vendors and SIs while implementing virtualization solutions is a prime reason for virtualization services taking a larger share of the market.”

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