According to a new report by Expert Market Research titled, “Global Virtualisation Software Market Share, Size, Report and Forecast 2024-2032″, the global virtualisation software market size is projected to grow at a CAGR of 20% between 2024 and 2032. Aided by the increased demand for HCI server virtualisation and the advantages of desktop virtualisation, the market is expected to grow significantly by 2032.
Virtualisation software, an integral component in modern computing, facilitates the creation of a simulated, digital version of computer resources, rather than the physical versions. This includes, but is not limited to, server, storage, and network virtualisation. It empowers businesses to run multiple applications and operating systems on a single server, enhancing scalability, reducing costs, and bolstering disaster recovery processes.
The surge in cloud computing and the proliferation of data centres worldwide are primary drivers propelling the virtualisation software market growth. As organisations of all sizes transition to cloud-based models, virtualisation plays an important role, enabling efficient resource management, optimising server space, and facilitating smooth operations. Additionally, the accelerated adoption of digital solutions has given rise to a renewed focus on optimised IT infrastructure, where again virtualisation software plays a pivotal role.
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Rising adoption of container-based virtualisation and the Software Defined Data Centres (SDDC) is one of the growing virtualisation software market trends. With containerisation, applications are encapsulated along with their dependencies, ensuring consistent environments, which in turn, promote application portability and flexibility. On the other hand, SDDCs, which rely heavily on virtualisation, offer a holistic approach to infrastructure provisioning and management, ensuring agility and reduced operational overhead.
The expanding IT landscape, characterised by the Internet of Things (IoT), Big Data, and Artificial Intelligence, has significantly influenced the virtualisation software market demand. As enterprises dive deep into data analytics and machine learning, there is an inherent need for vast, yet efficient IT ecosystems. Virtualisation software with its ability of optimised resource utilisation, scalability, and cost savings, stands as the optimal solution to cater to these expansive, dynamic requirements.
A comprehensive virtualisation software market analysis highlights the growing inclination towards hybrid cloud environments. Enterprises, in their pursuit of flexibility, scalability, and security, are increasingly adopting hybrid clouds, which combine private and public clouds. Virtualisation software stands as the bridge in these environments, ensuring seamless integration, data mobility, and optimised resource allocation.
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Market Segmentation
The market can be divided based on platform, application, and region.
Market Breakup by Platform
• PC Terminal
• Mobile Terminal
Market Breakup by Application
• OS Virtualisation
• Application Virtualisation
• Network Virtualisation
• Hardware Virtualisation
• Storage Virtualisation
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global virtualisation software market. Some of the major players explored in the report by Expert Market Research are as follows:
• VMware, Inc.
• Citrix Systems, Inc.
• Oracle Corporation
• Microsoft Corporation
• Amazon Web Services, Inc.
• Red Hat, Inc.
• Google LLC.
• Huawei Technologies Co., Ltd.
• Others
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