Virtual Machines (VMs) are the fundamental units of compute in cloud, enabling dozens of different types of applications and workloads to run and scale successfully. In a new study, Future Market Insights (FMI) has forecast the global market to reach US$ 19.85 Bn by 2021.
Virtual Machine Market
With cloud computing, it’s easy to deploy multiple copies of the same VM to better serve increases in load. Cloud computing technology offers highly scalable infrastructure that is more reliable and affordable for VMs. Cloud VMs meet the most intensive computing needs of organizations. The technology enables easy in scaling up and down the computing resources as per business needs.
The market has grown rapidly over the last decade thanks to the increasing demand for computing resources. Among platforms used across organizations, Linux remains highly sought-after, followed by Windows. The landscape is however expected to change as Mac platform makes headway, exhibiting above 24% CAGR between 2021 and 2031
Key Takeaways: Virtual Machine Market
- Exponential growth is expected as FMI forecasts the market to exhibit 19.7% CAGR between 2021 and 2022
- Backed by strong network infrastructure, the U.S. will account for over 80% sales in North America
- Rising digitization will enable the U.K. to exhibit a remarkable 27.5% Y-o-Y growth in 2021
- FMI forecasts both Germany and France to exhibit double-digit growth in the Europe virtual machine market
- China will remain dominant in East Asia, followed by Japan and South Korea
“From the introduction of virtual machines, the technology has undergone several improvements, growing in both popularity and usage. The technology offers several benefits when compared to traditional hardware. Some of these benefits are enhanced resource utilization, high scalability, flexibility, portability, and security” says FMI analyst.
COVID-19 Impact Analysis on virtual machine Market
The widespread impact of novel coronavirus pandemic continues to impact every organization – large or small – their employees, and the customers they serve. The spread of a pandemic has rapidly increased the use of new and existing technologies. As consumers continue to lock down, millions of people are forced to adopt work from home policies, which has resulted in increasing demand for cloud computing technologies.
The closure of physical workspaces and transportation networks has forced many businesses and public bodies to adopt virtual technologies. For some individuals, working from home is as simple as taking their laptops home, but others may have specialized PCs and high configured machines that are not as easy to transport back and forth between a home office and workplace.
As a result, over the past few months VM vendors have witnessed the acceleration of VM and cloud computing technologies sales. The market has shown significant growth during the pandemic, it has grown by nearly 3% – 5% in Q1-Q3 2020. However, the market is expected to become streamline by the end of 2021.
Growing Adoption of Cloud VMs in Organization
The adoption of VMs is increasing in organization as employees can have access to multiple VMs and their data from multiple devices at the same time. This increases productivity by allowing employees to access necessary data from anywhere. The adoption of VMs also reduces the down time that IT departments needs to manually install new software or update software, and helps increase the productivity of IT staff as they can focus on other important task.
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Who is Winning?
To meet the unprecedented demand for VMs from consumers, VM vendors are taking huge efforts to build advance computing VMs with high storage capacity and processing powers. Cloud VM offers the ability to use on-demand VM services to achieve cost efficiency and business continuity and enable organizations to rapidly accelerate their digital business transformation plans. The increased use of VM services amid COVID-19 pandemic has accelerated growth of the VM market.
Some of the leading players operating in the market are Microsoft Corporation, VMware, Inc., Amazon Web Services, Inc., Google, IBM Corporation, Oracle Corporation, Alibaba Group, Hewlett Packard Enterprise, Citrix, Huawei Technologies, Proxmox Server Solutions GmbH, Parallels Inc.
More Valuable Insights on Virtual Machine Market
FMI’s report on the virtual machine market is segmented into five major sections such as type (process/application virtual machines and system virtual machines), platform (Windows, Mac, Linux, and Others), enterprise size (Small & Medium Enterprises (SMEs) and Large Enterprises), industry (BFSI, IT & telecom, retail, healthcare, manufacturing, government, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the virtual machine market.