Virtualization Software Market Is Valued At US$ 40 Billion & Anticipated To Climb a Size of US$ 300 Billion by 2033: Fact.MR Report

According to Fact.MR, a supplier of market research and competitive information, the global virtualization software market is anticipated to reach a value of US$ 300 billion by 2033, growing quickly at a CAGR of 22.3% from 2023 to 2033.
IT companies rely on software to emulate hardware features and create a virtual computer system to meet the high storage and processing demands of today.

Numerous operating systems and applications can run on a same server thanks to virtualization software. On the same PC or device, the software enables the use of two or more operating systems. Virtualization can take many different forms, including desktop, data, network, and storage virtualization.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8247?AS

Extensive adoption of virtualization software for optimizing data security across several industrial verticals, including information technology (IT), telecom, retail, and banking, financing, servicing, and insurance (BFSI) sectors, is boosting global market growth. Moreover, the outbreak of COVID-19 has prompted enterprises to embrace bring-your-own-device (BYOD) and work-from-home models for continuing company operations, which is increasing the demand for virtualization software.

Major technological improvements, as well as the advent of virtual customer premises equipment (vCPE) and network function visualization (NFV) for utilizing information technology (IT) virtualization technologies at lower costs, are also driving market expansion.

Furthermore, the introduction of cloud services has raised the demand for virtualization software to improve communication and satisfy the increasing network needs of enterprises. Moreover, increasing smart device sales, the advent of the fifth generation (5G) network, and strong investments in research and development (R&D) activities to launch advanced web-related solutions, like broadband and fiber, are propelling the global virtualization software market growth.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

• The global virtualization software market is worth US$ 40 billion in 2023.
• The market is predicted to touch US$ 300 billion by the end of 2033.
• The market for virtualization software is anticipated to progress rapidly at a CAGR of 22.3% from 2023 to 2033 (forecast period).
• The United States market was worth US$ 17.6 billion in 2022.
• The network function virtualization segment is expected to increase at a CAGR of 16.4% during the forecast period.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Key players operating in the virtualization software market are actively pursuing marketing methods such as partnerships, investments, acquisitions, technological innovations, and R&D activities to expand and strengthen their market presence.

• Microsoft and Meta teamed up in October 2022 to build immersive experiences for the future of work. The partnership enables to offer Mesh for Microsoft Teams to Meta Quest devices, as revealed at Meta Connect 2022. It will allow users to virtually gather where work takes place on any device, including mixed-reality headsets, laptops, and smartphones. Mesh for Teams with Meta Quest 2 and Meta Quest Pro devices allows users to connect and collaborate as if they were in the same room.

• VMware and NetApp extended their partnership in August 2022 to support customers with multi-cloud modernization. VMware Cloud Foundation with Tanzu makes it possible for IT to handle container orchestration and virtual machines (VMs) from a single unified platform. VMware Cloud Foundation and VMware Tanzu support the use of NetApp ONTAP-based storage arrays, enabling customers to create a flexible data fabric for traditional VMs as well as new, containerized applications.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀

North America is expected to dominate the global virtualization software market due to the presence of many data technology vendors in the region. Furthermore, the availability of upgraded infrastructure is projected to accelerate regional market growth over the predicted period.

Asia Pacific is predicted to experience substantial growth during the forecast period due to the use of modern technology and the increasing number of digitization activities by different regional organizations. Moreover, the expansion of the IT, telecommunications, and BFSI sectors is also contributing to the regional market expansion.

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐕𝐢𝐫𝐭𝐮𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

· By Platform:
o PC Virtualization
o Mobile Virtualization

· By Technology:
o Network Function Virtualization
o Desktop Virtualization
o Software-defined Storage
o Server Virtualization

· By Region:
o North America
o Latin America
o Europe
o APAC
o MEA

𝐌𝐨𝐫𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐨𝐧 𝐎𝐟𝐟𝐞𝐫

Fact.MR, in its new offering, presents an unbiased analysis of the global virtualization software market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023 to 2033.

The study divulges essential insights on the market on the basis of platform (PC virtualization, mobile virtualization) and technology (network function virtualization, desktop virtualization, software-defined storage, server virtualization), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8247?AS

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.