Press release
Mobile Virtualization Market 2024-2033: Analysis, Demand & Competitive Landscape
The mobile virtualization market size is expected to see exponential growth in the next few years. It will grow to $19.33 billion in 2028 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to secure access to corporate resources, flexible work environments, digital transformation initiatives, extended lifecycle for legacy devices, focus on mobile security.. Major trends in the forecast period include .
Market Overview -
Mobile virtualization refers to the partitioning of mobile hardware into various logical devices and components. Mobile virtualization enables multiple people on a single mobile device by hosting heterogeneous operating systems (OSs) parallelly. It is used to increase the capability of mobile devices. Mobile virtualization is mainly used in IT companies and cloud-based companies.
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Growing Adoption Of Cloud-Based Solutions Fuels Mobile Virtualization Market Growth
Increased adoption of cloud-based solutions is expected to propel the growth of the mobile virtualization market going forward. Cloud-based solutions refer to software, services, and resources that are delivered over the internet and hosted on remote servers rather than on local servers or personal computers. Mobile virtualization plays a role in cloud-based solutions by enabling the installation of multiple operating systems on the same mobile device, promoting multi-functionality, and allowing users to access enterprise computer systems from almost any device. For instance, in December 2021, according to Eurostat, a Luxembourg-based intergovernmental organization, 41% of EU enterprises used cloud computing in 2021, primarily for hosting their e-mail systems and storing files in electronic form, an increase of 5 percentage points compared to 2020. Therefore, the increased adoption of cloud-based solutions is driving the growth of the mobile virtualization market.
Competitive Landscape -
Major companies operating in the mobile virtualization market report are International Business Machines Corporation, VMware Inc., CA Technologies Inc., Oracle Corporation, Microsoft Corporation, Citrix Systems Inc., Blackberry Limited, AT&T Inc., CellROX Technologies Ltd., Open Kernel Labs Inc., Google LLC, Parallels International GmbH, NIMBOXX Inc., Red Bend Software Inc., Motorola Inc, Red Hat Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Dell Technologies Inc., Cisco Systems Inc., Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Lenovo Group Limited, Nokia Corporation, Samsung Electronics Co. Ltd., LG Corporation, High Tech Computer Corporation, Apple Inc., Xiaomi Corporation, Oppo Mobile Telecommunications Corp. Ltd., Vivo Communication Technology Co. Ltd., OnePlus Technology Co. Ltd., Realme Chongqing Mobile Telecommunications Corp. Ltd.
Strategic Collaborations Drive Growth In The Mobile Virtualization Market
Strategic collaborations have emerged as a key trend gaining popularity in the mobile virtualization market. Companies in the mobile virtualization market are focusing on strategic collaborations and partnerships to expand their market share. For instance, in December 2023, Rakuten Mobile, a Japan-based mobile network operator company, partnered with the New Energy and Industrial Technology Development Organization (NEDO), a Japan-based national research and development agency, to finish a research and development effort aiming at combining general-purpose hardware and cloud technology to commercially deploy fully virtualized 5G standalone (SA) mobile network radio access network equipment. Rakuten Mobile improved performance and expanded network capabilities by implementing 5G SA and radio access network (RAN) slicing through the use of virtualization technologies.
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Key Segments -
The mobile virtualization market covered in this report is segmented -
1) By Technology: Hypervisor, Application Containers, Mobile Device Management, Other Technologies
2) By Organization Size: Large Enterprises, Small and Medium Enterprises
3) By Application: Enterprise, Consumer
4) By End Users: Retail, Media and entertainment, Energy and utility, BFSI, IT and Telecom, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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