Virtualization Software Market Expansion Continues, with Forecast Valuation of $176.01 Billion by 2029

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What Will the Virtualization Software Industry Market Size Be by 2025?
The market size of virtualization software has witnessed a significant boom over the few past years. This market is set to increase from $85.83 billion in 2024 to around $99.42 billion in 2025, with a compound annual growth rate (CAGR) of 15.8%. The historic period of growth in this field can be credited to various factors including server optimization, flexibility and agility, disaster recovery measures, support for legacy systems, and initiatives towards green IT.

What's the Long-Term Growth Forecast for the Virtualization Software Market Size Through 2029?
Anticipated to witness substantial expansion in the upcoming years, the size of the virtualization software market is projected to reach $176.01 billion by 2029, propelled by a compound annual growth rate (CAGR) of 15.4%. This projected growth during the forecast period can be ascribed to factors such as edge computing, containerization, the embrace of hybrid and multi-cloud solutions, as well as security and compliance. Noteworthy trends expected during the forecast phase comprise the incorporation of IoT, edge computing, AI, machine learning, and the broad-based adoption of containerization.

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What Are the Key Growth Drivers Fueling the Virtualization Software Market Expansion?
The virtualization software market is projected to expand due to the growing need for cloud-based services. Such services encompass computing assets like storage, processing power, and software applications, which are accessed via the internet rather than being located on a user's device or network. Their rising popularity is attributed to their scalability, cost-efficiency, improved collaboration, data protection, and accessibility features. Virtualization software facilitates effective resource distribution and management, enabling cloud-based services to optimize server use, simplify operations, and offer scalable computing assets as needed. For example, Eurostat, an intergovernmental organization based in Luxembourg, reported that about 45.2% of European Union enterprises employed cloud computing services for email hosting, electronic file storage, and other functions in December 2023. The acquisition of cloud computing services by EU enterprises saw a 4.2 percentage point increase in 2023 from 2021. Approximately 44% of conventional small businesses, 66% of small tech firms, and 74% of bigger enterprises leverage cloud services. Therefore, the surge in demand for cloud-based services is propelling the growth of the virtualization software market.

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What Are the Key Trends Driving Virtualization Software Market Growth?
Key players in the virtualization software market are concentrating on enhanced virtualization software such as single hybrid cloud data platforms to meet varied business requirements effectively. A single hybrid cloud data platform integrated with virtualization software controls and manages data across public and private cloud settings, ensuring smooth operations. For instance, in October 2023, the electrical equipment manufacturing firm based in Japan, Hitachi Ltd., introduced the Hitachi Virtual Storage Platform One - a single hybrid cloud data platform. This platform provides an efficient approach to managing large-scale, mission-critical tasks through a unified architecture that addresses challenges using a unique control plane, data fabric, and data plane that spans block, file, object, cloud, mainframe, and software-defined storage workloads. This all-inclusive data platform serves various environments and is governed by a single AI-enabled software stack.

How Is the Virtualization Software Market Segmented?
The virtualization softwaremarket covered in this report is segmented -

1) By Type: Storage Virtualization, Application Virtualization, Network Virtualization, Hardware Virtualization, Server Virtualization, Operating System (OS) Virtualization, Other Types
2) By Platform: PC Virtualization, Mobile Virtualization
3) By Deployment: On-Premises Virtualization, Cloud-Based Virtualization
4) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises

Subsegments:
1) By Storage Virtualization: Block-Level Storage Virtualization, File-Level Storage Virtualization, Object Storage Virtualization
2) By Application Virtualization: Desktop Virtualization, Virtualized Application Streaming, Application Delivery
3) By Network Virtualization: Software-Defined Networking (SDN), Network Function Virtualization (NFV), Virtual Network Infrastructure
4) By Hardware Virtualization: Full Virtualization, Paravirtualization, Hardware-Assisted Virtualization
5) By Server Virtualization: Virtual Machine (VM) Server Virtualization, Containerization (Docker, Kubernetes), Hypervisor-based Virtualization
6) By Operating System (OS) Virtualization: OS-Level Virtualization (Containers), Virtual Private Servers (VPS), Lightweight Virtualization
7) By Other Types: Storage Area Network (SAN) Virtualization, Data Virtualization, Cloud Virtualization

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Which Companies Are Leading the Charge in Virtualization Software Market Innovation?
Major companies operating in the virtualization software market are Amazon.com Inc., Google LLC, Microsoft Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, Oracle Corporation, Broadcom Inc., Citrix Systems Inc., Datadog Inc., Nutanix Inc., Palo Alto Research Center Incorporated (PARC), Veeam Software Corporation, Corel Corporation, Scale Computing Inc., NComputing Co. Ltd., Canatu Oy, Tekscan Inc., FlexEnable Limited, Lynx Software Technologies Inc., TenAsys Corporation, OpenStack Foundation

Which Regions Are Leading the Global Virtualization Software Market in Revenue?
North America was the largest region in the virtualization software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualization software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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