Press release
Virtual Machine Market to reach a valuation of US$ 119.89 Bn by 2031
Virtual Machine Market
Adoption of VMs allows businesses to be flexible, create mobile work forces, and virtualize work environments. More and more enterprises are adopting virtual machines due to the simplicity it offers for end users and IT professionals alike. Thus, the increasing adoption of VMs among enterprises across several industries is expected to propel the growth of virtual machine market.
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In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for virtual machine products. The report tracks the global adoption of virtual machine products in 20+ high-growth markets, along with analyzing the impact of COVID-19 on the global adoption of virtual machine solutions, along with the pre-COVID and post-COVID market growth analysis.
“A prominent driving factor for the rapidly growing virtual machine market is the growing perception on the scope of how technology can be deployed in multiple industry settings. While earlier versions of server virtualization software were largely used as a viable avenue for test & development and server consolidation, newer products are gaining ground for utility computing applications,” says the FMI study.
Virtual Machine Market – Primary Takeaways
Efforts to improve on business agility with devices on multiple OS drives adoption in small and medium enterprises.
VMware, Huawei and IBM accounts for close to 90% of the global market, with commoditization and saturation being key influencers.
The presence of leading cloud computing service providers contributes to the share of the US market.
India and UK are high potential markets owing to the presence of major international IT firms and data centers.
Virtual Machine Market – Growth Factors
Advantages in terms of storage on demand and scalability of operations for rapid data recovery drives growth.
Wide scope of applications in multiple end use industry is a major factor supporting adoption in the market.
Organizational device management improvements allowing simultaneous operations on thousands of devices will boost developments in the sector.
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Virtual Machines Market – Major Constraints
Virtualization resource distribution and backwards compatibility issues are challenges for developers.
Problems with reliability for security and backup in interoperable devices holds back development options.
Expected Impact on Market by Coronavirus Outbreak
The players participating in the virtual machine market have found key opportunities for growth associated with the onset of the coronavirus pandemic. Lockdown restrictions on human movement and the resultant popularity of work from home practices and the demand for cloud services have bolstered operations in the industry. Remote integration of organizational data operations has driven demand.
Growth is likely to continue through 2021 as cloud deployment continues to gain importance. The virtual machines market will witness substantial opportunities for growth in the near future, supported by changes in operational robustness and security standards, with software development opportunities arising from mobile device applications.
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Competition Landscape
Prominent manufacturers taking part in the virtual machines market include but are not limited to Parallels Inc., Microsoft Corporation, Proxmox Server Solutions GmbH, VMware Inc., Huawei Technologies, Amazon Web Services Inc., Citrix, Google, Hewlett Packard Enterprise, IBM Corporation, Alibaba Group, and Oracle Corporation.
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
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