Global Virtual Machine Market Highlights 2019-2028
The global virtual machine market garnered a revenue of USD 15153.78 Million in 2019 and is estimated to reach USD 46,235.10 Million in 2028 by growing at a CAGR of 14.5% over the forecast period i.e., 2020-2028. The growth of the market can primarily be attributed to the rising adoption of virtual machine in different industries and data centers, backed by the growing IT industry worldwide. The demand for data centers in the recent years has surged significantly, backed by the rise in adoption of hybrid information technology and cloud services. Moreover, increasing advancements in artificial intelligence technologies is also raising to the rise in demand for data centers, which in turn is anticipated to contribute to the growth of the global virtual machines market in the coming years. Virtual machines are also used widely by organizations for resource testing, software designing, or for running outdated systems. The rise in the number of organizations in the IT industry is also expected to contribute to the market growth. Moreover, rise in the adoption of cloud computing technologies by different organizations across various industry verticals, is also expected to accelerate the market growth. The market is also anticipated to grow on account of the numerous benefits associated with virtual machines, such as lower costs of installation as compared to physical machines, greater operational control for developers and IT experts, and low operational expenditures. Moreover, the increasing trends of desktop-as-a-service (DaaS) is also expected to numerous opportunities for market growth.
Global Virtual Machine Market Segmentation Regional Synopsis
Regionally, the global virtual machine market is segmented into five major regions comprising North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among the markets in these regions, the market in North America is estimated to hold leading market share throughout the forecast period by attaining a revenue of USD 20805.80 Million by the end of 2028. The market in the region is also anticipated to grow with a CAGR of 14.3% during the forecast period owing to the presence of the key players in this region and for the rising implementation of virtualization and security solutions & services across end user organizations. Further, the market is segmented by country into the United States and Canada, out of which, the market in the U.S. is expected to hold the largest market share throughout the forecast period and further grow with the highest CAGR of 14.8% during the forecast period. On the other hand, the market in Europe is projected to hold the second leading stance by garnering a revenue of USD 11,050.18 Million by the end of 2028. The market in Europe is further segmented by country into the UK, Germany, Italy, France, Spain, Russia, Netherlands, and Rest of Europe, out of which, the market in the UK is expected to hold the largest market share of 23.80% by the end of 2028 and further gain a revenue of USD 2629.94 Million in the same year. Alternatively, the market in Germany is expected to grow significantly by holding the highest CAGR of 17.1% during the forecast period.
Growth Drivers and Challenges Impacting the Growth of the Global Virtual Machine Market
Growth Drivers
- Adoption of Virtual Machine in Different Industries and Data Centers
- Increasing Adoption of Cloud Computing Technologies
Challenges
- Higher consumption of storage space & resource distribution issues
Global Virtual Machine Market Segmentation Synopsis
The global virtual machine market is segmented by component into hardware, software, and services. Out of these, the software segment is expected to hold the largest market share and further attain a revenue of USD 23671.59 Million by the end of 2028. Based on type, the market is segmented into system virtual machine and process virtual machine, out of which, the system virtual machine segment is anticipated to grow with the highest CAGR of 15.9% during the forecast period. Further, the market is segmented based on RAM storage into 0.5 GiB, 1 GiB, 2 GiB, 4GiB, 8GiB, 16 GiB, 32GiB, 48GiB, 64GiB, 96GiB, and others. Amongst these segments, the 64GiB segment is projected to hold a significant market share and further reach USD 5432.62 Million by the end of 2028. Furthermore, on the basis of temporary storage, the 64GiB segment is expected to hold a significant market share and further reach USD 5174.42 Million by the end of 2028. The market is also segmented on the basis of enterprise size into small & medium enterprise and large enterprise, out of which, the small & medium enterprise (SME) segment is expected to grow with the highest CAGR of 16.0% during the forecast period. Based on operating system, the market is segmented into Windows, Linux, MacOS, and others, out of which, the Windows segment is expected to hold the largest market share throughout the forecast period and further touch a revenue of USD 20,555.80 Million by the end of 2028. Moreover, the market is also segmented on the basis of end user into BFSI, manufacturing, IT & telecom, retail, healthcare, and others, out of which, the manufacturing segment is anticipated to capture a significant market revenue of USD 11209.85 Million by the end of 2028.
Top Featured Companies Dominating The Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global virtual machine market that are included in our report are VMware, Inc., Oracle Corporation, IBM Corporation, Red Hat, Inc., Huawei Technologies Co., Ltd., Microsoft Corporation, Citrix Systems, Inc., Inspur Group, New H3C Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, and others.
