IMARC Group, a leading market research company, has recently releases report titled “Virtualization Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global virtualization software market size, share, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. 

What is Virtualization Software?

Virtualization software represents an advanced solution that stimulates the abstraction layer over the physical hardware, allowing organizations to conduct two or more virtual operating systems (OS) in a single platform. It offers improved scalability, high reliability, optimal security, etc. Consequently, virtualization software is widely used for reducing downtime, enhancing productivity, disaster recovery, performing instant provisioning, optimizing overall work efficiency, etc. As such, it also finds extensive application in several industries, such as information technology (IT), telecommunications, retail, banking, financing, servicing, and insurance (BFSI), etc. Presently, this software is commercially available in varying types, including storage, network, and hardware virtualization across the globe.

How Big Is the Virtualization Software Market?

The global virtualization software market size reached US$ 57.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 190.7 Billion by 2028, exhibiting a growth rate (CAGR) of 20.53% during 2023-2028.

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Global Industry Trends and Drivers:

The implementation of stringent lockdown regulations by government bodies and the sudden outbreak of the COVID-19 pandemic are propelling the demand for Work-as-a-Space (WaaS) and Bring-Your-Own-Device (BYOD) corporate models to maintain ongoing business operations, which is primarily driving the virtualization software market. Additionally, the widespread adoption of smart devices and the introduction of the fifth generation (5G) network are further bolstering the market growth. Besides this, the development of virtual customer premises equipment (vCPE) solutions is acting as another significant growth-inducing factor. Moreover, the rising utilization of virtualization software applications to enhance communication and meet the evolving network needs across organizations is positively influencing the global market. Apart from this, extensive investments in R&D activities and continuous improvements in information technology (IT) infrastructures are also stimulating the market growth. Furthermore, the growing popularity of advanced web-related solutions, such as fiber and broadband, is anticipated to fuel the virtualization software market over the forecasted period.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Platform:

• PC Terminal
• Mobile Terminal
   

Breakup by Type:

• Storage Virtualization
• Application Virtualization
• Network Virtualization
• Hardware Virtualization
• Server Virtualization
• OS Virtualization
• Others
   

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are 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.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape