The global application virtualization market share is estimated to be of a value of USD 4,256.9 million in 2023. As per the FMI market analysis report, the global demand for application virtualization market is projected to register a CAGR of 12.9% from 2023 to 2033. By the end of this forecast period, the net worth of the market could reach up to USD 14,365.1 million.
The primary drivers of the adoption of application virtualization are enhancing security and streamlining the administration of the whole application cycle. Moreover, an increasing need for solutions that shorten the time-consuming application installation procedure has popularized application virtualization nowadays.
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Application virtualization has become essential nowadays for a range of companies to support remote offices and reduce the expenses for transforming business models. For example, a virtualization firm named Cameyo witnessed a two-fold increase in income since businesses began implementing work-from-home rules.
So, the demand for application virtualization for private cloud models could be driven by the strengthening of data security laws with centralized storage infrastructure.
Key Takeaways from the Application Virtualization Market Study Report
- Owing to the presence of many leading market players, the North American region acquired 28.3% of the global market share in 2022. The United States contributes a significant portion of this regional market and its global market share in 2022 was 20.2%.
- Europe region follows North America in the adoption of application virtualization technologies and held 23.4% of the global market share in 2022.
- Germany is the frontrunner in the adoption of application virtualization services and its market contributed 9.6% of the revenue generated globally in 2022. Meanwhile, the demand for application virtualization technologies in the United Kingdom is growing at a faster rate and could register at 12.5% through 2033.
- With a booming IT and industrial sector, the application virtualization tech companies based in Asia Pacific countries are getting robust. Japan led the application virtualization solutions and services market in the whole of Asia with a 7.1% global market share in 2022.
- China’s market is poised to advance at a 14.2% annual growth rate through 2033 and Chinese are anticipated to emerge as the global competitors. Meanwhile, the Indian market is projected to closely follow China by exhibiting a growth rate of 13.6% during this period.
- Based on the 2022 report, agent-based solutions currently constitute the leading component segment of the global market by contributing a 39.2% revenue share. However, among the different components, the service sector is predicted to contribute more to the market growth throughout the forecast years.
Competitive Landscape for the Application Virtualization Market Players
Microsoft Inc. has been an international market player for more than three decades. Offering a wide range of software, license, and solutions across businesses. Furthermore, to expand its worldwide presence and product offerings, it is pursuing aggressive collaborations with other regional players as well. In addition to this, the company is planning to fuel its value-intensive operations with a USD 14.73 billion investment in research and innovation.
Microsoft, Symantec, VMware, Citrix, Oracle, Google, Dell, Systancia, Accops, NComputing, Sangfor, and NextAxiom, among others are the top companies in the global market. Moreover, many start-ups emerged during the pandemic period capitalizing on the ad-hoc requirements making them formidable rivals to long-established market players.
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Key Segments Covered
By Component:
- Application Virtualization Solutions
- Agent-Based Solution
- Agent Less Solution
- Application Virtualization Services
- Support and Maintenance Services
- Training and Consulting Services
By Deployment Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Organization Size:
- Large Enterprises
- Small and Medium Enterprises (SMEs)
By End-user Verticals:
- Banking, Financial Services, and Insurance (BFSI) Sector
- Healthcare Sector
- Information Technology (IT) and Telecom Sector
- Government and Defense Sector
- Building & Construction Sector
- Education Sector
- Other End-user Verticals
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia Market
- Oceania Market
- The Middle East & Africa (ME&A) Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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