According to the latest report by IMARC Group, titled “Virtualization Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global virtualization software market size reached US$ 57.3 Billion in 2022. Virtualization software refers to a technology that enables the production and operation of virtual machines (VMs) or virtual environments on a single physical computer or server. It helps multiple operating systems and applications to run independently of each other, providing a way to optimize resource utilization, increase flexibility, and enhance scalability within an IT infrastructure. It allows for the presentation of multiple virtual servers on a single physical server, leading to efficient utilization of hardware resources and reduced costs. It can abstract and virtualize network resources, allowing for the creation of virtual networks that are independent of the underlying physical infrastructure.
Global Virtualization Software Market Trends:
At present, the increasing demand for virtualization software as it enables dynamic allocation of resources based on workload demands, ensuring optimal utilization of hardware resources, and improving overall performance is impelling the growth of the market. Besides this, the rising utilization of virtualization software, as it provides an added layer of security, preventing malware or vulnerabilities from affecting other virtual environments or the underlying physical infrastructure, is contributing to the growth of the market. In addition, the growing employment of cloud computing to delegate routine tasks, store massive quantities of data, and increase productivity is offering a favorable market outlook. Apart from this, the rising number of enterprises consolidating their data centers to reduce costs, simplify management, and improve operational efficiency is propelling the growth of the market. Additionally, the increasing proliferation of edge computing, where data processing and analysis occur closer to the data source, is strengthening the growth of the market. Moreover, the rising emergence of software-defined infrastructure (SDI) is bolstering the growth of the market. Looking forward, the market value is projected to reach US$ 190.7 Billion by 2028, expanding at a CAGR of 20.53% during 2023-2028.
- Based on the platform, PC terminal represents the largest segment, followed by the mobile terminal.
- On the basis of the type, the market has been segmented into storage virtualization, application virtualization, network virtualization, hardware virtualization, server virtualization, OS virtualization, and others. Storage virtualization currently dominates the market, holding the largest share.
- Region-wise, the market has been segmented into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being Amazon.com Inc., Citrix Systems Inc., Datadog, Google LLC, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, Nutanix Inc., Oracle Corporation, Parallels International GmbH (Corel Corporation), SolarWinds Corporation, and VMware Inc.
|Base Year of the Analysis
||Platform, Type, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Amazon.com Inc., Citrix Systems Inc., Datadog, Google LLC, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, Nutanix Inc., Oracle Corporation, Parallels International GmbH (Corel Corporation), SolarWinds Corporation and VMware Inc.
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