The global virtualization software market, valued at USD 90.12 billion in 2023, is expected to expand from USD 98.11 billion in 2024 to USD 193.03 billion by 2031. This growth represents a compound annual growth rate (CAGR) of 10.15% throughout the forecast period.
The virtualization software market has witnessed significant
growth over the past few years, driven by the increasing adoption of cloud
computing, the need for efficient IT management, and advancements in
technology. Virtualization allows organizations to create virtual versions of
physical resources, leading to improved resource utilization, reduced costs,
and enhanced flexibility.
Growth Factors
The rising usage of
cloud-based solutions is expected to foster industry growth through the
forecast period. Cloud-based solutions offer unparalleled scalability,
flexibility, and accessibility, enabling businesses to manage their operations
more efficiently and cost-effectively. As organizations increasingly
transition their workloads to the cloud, there is a growing demand for
virtualization software to ensure seamless integration and optimal resource
utilization.
Cloud-based
virtualization allows businesses to dynamically scale their IT infrastructure
in response to fluctuating demands, thereby reducing the need for substantial
upfront investments in hardware. This trend is further fueled by the
growing adoption of remote work and digital transformation initiatives,
thereby aiding the growth of the virtualization software market.
Full Market Report: https://www.kingsresearch.com/virtualization-software-market-976
List of Key Companies in Virtualization Software Market
- Cloud Software Group, Inc.
- Oracle
- Microsoft Corporation
- Red Hat Inc. (IBM Corporation)
- Huawei Technologies Co. Ltd.
- Google LLC.
- NComupting Co. Ltd.
- Parallels International GmbH
- Datadog
The global virtualization software market is segmented
as:
By Type
- Server Virtualization
- Storage Virtualization
- Application Virtualization
- Desktop Virtualization
- Network Virtualization
By Deployment
- On-Premise
- Cloud
By Size
- Small and Medium Sized Enterprises
- Large Enterprises
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- U.K.
- Spain
- Germany
- Italy
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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