Global Virtualization Software Market – Industry Trends and Forecast to 2029

Virtualization Software Market Analysis and Size

The industrial automation market is expanding, as industrial applications require real-time operating systems, there are growing concerns about cyberattacks, industrial automation is being adopted quickly around the world, and the use of embedded hypervisors in the transportation industry is expanding. As a result, the virtualization software market is estimated to largely witness expansion over the forecast period.

Global virtualization software market was valued at USD 45.51 billion in 2021 and is expected to reach USD 223.35 billion by 2029, registering a CAGR of 22.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Virtualization Software Market Scope and Segmentation

Market Definition

The process of creating a software-based or virtual version of an IT service—typically hardware-based services like desktops, computers, operating systems (OS), databases, or networks—is known as virtualization. Utilizing virtualization technology can lower IT expenses and improve hardware performance for end users.

Virtualization Software Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Increased Adoption of Virtualization Applications by the Businesses

Companies have built interfaces for their employees to access vital business software remotely during the past few decades in an effort to preserve business continuity. They have also increased VPN/remote access capabilities. The demand for collaboration solutions for intra-organizational communication increased as personnel relocated to distant places. The need for virtual contact centers in the cloud that can operate with a distant workforce and the demand for virtual machine security in cloud computing are both growing.  One of the most important virtualization security enablers for businesses to secure virtual machines and the virtual machine mode of the infrastructure has emerged as cloud computing. As a result these various virtual applications further require the virtualization software, which aids the market growth over the forecast period.

Furthermore, the factors such as advent of cloud services coupled with the rising demand of HCI scale for server virtualization will accelerate the overall market expansion during the forecast period. The development of cloud services has also given virtualization software applications for hardware virtualization an additional push. The decreasing cost due to reduction in hardware spending and growing benefits of SDs and desktop virtualization will further positively impact the market's growth rate during the forecast period.

Opportunities

• Investments in Research and Development

The various investments in the research and development activities for launching advanced web-related solutions further offer various lucrative opportunities for the market growth over the forecast period.

• Significant Technological Advancements

Additionally, the significant technological advancements further offer numerous growth opportunities within the market. Additionally, the introduction of network function visualization (NFV) and virtual customer premises equipment (vCPE) solutions for leveraging information technology (IT) virtualization technologies at reduced costs are contributing to the market growth.

Restraints/Challenges

• Death of Skilled Workers

According to a report by the Enterprise Strategy Group (ESG) and the Information Systems Security Association (ISSA), a lack of adequate training for non-technical staff members and a paucity of highly skilled cybersecurity professionals are the main causes of data breaches. As IT expertise for on-premises infrastructure is frequently hard to come by, a shortage of qualified IT experts in virtualization security may limit industry growth.

• High Maintenance Cost

The market growth rate will be further slowed down by the high cost of maintenance. The virtualization software requires huge maintenance, which further necessitates high cost, which is estimated to be a significant challenge for the virtualization software market over the forecast period.

This virtualization software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the virtualization software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Virtualization Software Market

The virtualization software market was immensely impacted by the outbreak of COVID-19.  Many businesses are urging staff to work from home as a result of the new COVID outbreak, which is helping the vendors. This is due to the fact that more and more clients and organizations are looking to these vendors for guidance and support, to enable secure remote-work initiatives, to ensure the well-being and productivity of their workers, and to continue running their businesses despite the evolving nature of the global crisis. During the recovery phase, the pandemic-driven rapid adoption of digital technology will continue. Many of the hurried IT fixes made during the COVID-19 incident may have exposed additional cyber risks. Virtualization security is a method for assuring the security of the virtualized infrastructure. One of the main factors propelling the market's expansion is the demand for cloud computing technologies. Hackers try to gain access to crucial data by manipulating the cloud environment's protections and security layers. Network perimeter access is protected by a barrier created by virtualization security. It guarantees traffic separation and offers specialized cloud security. It offers the cloud customized firewall control as a managed service. For the purpose of analyzing patient data during the COVID-19 pandemic, there is a surge in demand for cloud computing technology, notably in the healthcare sector. The cloud computing industry has had significant growth during the COVID-19 pandemic, which is driving the virtualization security market ahead.

Recent Developments

• In March 2020, Affirmed Networks, a business that provides completely virtualized, cloud-native mobile network solutions, has been acquired by Microsoft, according to a press release. In order to allow the telecoms sector to develop and operate 5G networks via the cloud rather than just hardware and software, Microsoft plans to include Affirmed Networks' technology into Microsoft Azure.

Global Virtualization Software Market Scope

The virtualization software market is segmented on the basis of platform and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Platform

• PC Virtualization
• Mobile Virtualization

 Type

• Application Virtualization
• Network Virtualization
• Hardware Virtualization
• Desktop Virtualization
• Software-Defined Storage
• Server Virtualization
• OS Virtualization
• Other Types

Virtualization Software Market Regional Analysis/Insights

The virtualization software market is analyzed and market size insights and trends are provided by country, platform and type as referenced above.

The countries covered in the virtualization software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the virtualization software market because of the prevalence of various data technology vendors within the region over the forecast period of 2022 to 2029. Moreover, the availability of improved infrastructure is further estimated to accelerate the expansion over the forecast period.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the adoption of advanced technology and the rising number of digitization initiatives by various regional organizations. The growth of IT, telecommunication and BFSI sector is also a significant contributor to the regional market expansion.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Virtualization Software Market Share Analysis

The virtualization software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to virtualization software market.

Some of the major players operating in the virtualization software market are

• FlexEnable Limited (U.K.)
• T+ink, Inc. (U.S.)
• Brewer Science, Inc. (U.S.)
• DuPont (U.S)
• Palo Alto Research Center (PARC) Inc. (U.S.)
• Interlink Electronics, Inc. (U.S)
• Thin Film Electronics ASA (Norway)
• ISORG (France)
• Peratech Holdco Ltd (U.K.)
• KWJ Engineering Inc., (U.S.)
• Fujifilm Holding Corporation (Japan)
• Canatu (Finland)
• Interlink Electronics, Inc. (U.S.)
• Tekscan, Inc. (U.S.)

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