According to the latest market research study on “Embedded Hypervisor Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Technology, Enterprise Size, and Industry,” the embedded hypervisor market size was valued at US$ 5,406.7 million in 2021 and is projected to reach US$ 7,823.2 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.
Growing Adoption of Embedded Hypervisor in Vertical of Industrial Applications Fuels Market Growth
Businesses across most industry verticals have realized the importance of Internet of Things (IoT), communications, and sensors, which paved the way for integrating sensors into the devices. Various business functions, such as supply chain planning & logistics, and manufacturing across industry verticals, including automotive, consumer electronic devices, healthcare, and aerospace & defense, can be optimized and thus enable increased profitability. Steady progress in the development of autonomous vehicles is being witnessed, with a few renowned car manufacturers collaborating with technologically advanced companies. Steady progress in the development of autonomous vehicles is being witnessed, with a few renowned car manufacturers collaborating with the technologically advanced companies. Companies such as Ford, General Motors, Nissan, Tesla, Mercedes, and Honda, have been investing billions of dollars in the R&D of these cars.
The rise in internet activities globally and increased security compulsion are the trending key factors of the market. The number of internet users is increasing, thus making it critical to protect personal information. The growing instances of unethical practices and the cybersecurity threat are fueling the adoption of embedded hypervisors. In addition, the increasing adoption of software-driven solutions and the rising demand for consumer electronics are a few of the trending factors that propel the deployment of embedded hypervisors. Thus, such trending factors are fueling the embedded hypervisor market share.
Over the past two decades, automation in manufacturing has been a constant factor leading to transformation in the factory floor operations, manufacturing employment, and the dynamics of the manufacturing sector. Industrial automation improves productivity and quality by mitigating errors and waste, increasing safety, and adding flexibility in the manufacturing process. In addition, integrating the real-time operating system (RTOS) with industrial automation enhances the process scheduling, memory management, and file management, allowing them to run as a single process. Thus, associated advantages and growing demand for RTOS in vertical industrial applications are fueling the demand for embedded hypervisors, which is driving the embedded hypervisor market growth.
Embedded hypervisor market analysis by geography, the embedded hypervisor market is segmented into five key regions - North America, Europe, APAC, the MEA, and SAM. North America held the largest embedded hypervisor market share in 2020. The market growth in the region is attributed due to its government’s favorable policies for developing the IT & communication sector. For instance, In May 2021, the US government added US$500 million to the Technology Modernization Fund. In August 2021, Canada’s government invested more than US$20 million in clean technology, the digital economy, health sciences, and value-added agriculture. The federal governments in North America are taking several initiatives to improve government business and communication efficiency. They have replaced traditional IT tools and adopted modernization tools to improve efficiency. The outbreak of the COVID-19 increased the adoption of cloud technologies, which positively impacted the embedded hypervisor market growth. With the rising cyber security threats and concerns in military systems, several military departments are frequently looking for advanced technology to reduce these cyber threats; thus, offering growth opportunities to the key players operating in the embedded hypervisor market. The rapidly growing cybersecurity and well-established technology pioneers, such as Microsoft; IBM; Citrix Systems, Inc.; VMware, Inc.; and Wind River Systems, Inc., support the embedded hypervisor market growth in North America. The rising mergers and acquisitions help the embedded hypervisor market to grow. For instance, on 02 November 2021, IBM Corporation and NeuReality partnered up to develop AI inference platforms. Both companies evaluate NeuReality products in IBM’s hybrid cloud, including systems flow, AI use cases, networking, virtualization, and security. Thus, such strategic initiatives from leading players pose immense competition, which is expected to hold potential growth opportunities during the forecast period.
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Growing Adoption of Embedded Hypervisor in Vertical of Industrial Applications Fuels Market Growth
Businesses across most industry verticals have realized the importance of Internet of Things (IoT), communications, and sensors, which paved the way for integrating sensors into the devices. Various business functions, such as supply chain planning & logistics, and manufacturing across industry verticals, including automotive, consumer electronic devices, healthcare, and aerospace & defense, can be optimized and thus enable increased profitability. Steady progress in the development of autonomous vehicles is being witnessed, with a few renowned car manufacturers collaborating with technologically advanced companies. Steady progress in the development of autonomous vehicles is being witnessed, with a few renowned car manufacturers collaborating with the technologically advanced companies. Companies such as Ford, General Motors, Nissan, Tesla, Mercedes, and Honda, have been investing billions of dollars in the R&D of these cars.
The rise in internet activities globally and increased security compulsion are the trending key factors of the market. The number of internet users is increasing, thus making it critical to protect personal information. The growing instances of unethical practices and the cybersecurity threat are fueling the adoption of embedded hypervisors. In addition, the increasing adoption of software-driven solutions and the rising demand for consumer electronics are a few of the trending factors that propel the deployment of embedded hypervisors. Thus, such trending factors are fueling the embedded hypervisor market share.
Over the past two decades, automation in manufacturing has been a constant factor leading to transformation in the factory floor operations, manufacturing employment, and the dynamics of the manufacturing sector. Industrial automation improves productivity and quality by mitigating errors and waste, increasing safety, and adding flexibility in the manufacturing process. In addition, integrating the real-time operating system (RTOS) with industrial automation enhances the process scheduling, memory management, and file management, allowing them to run as a single process. Thus, associated advantages and growing demand for RTOS in vertical industrial applications are fueling the demand for embedded hypervisors, which is driving the embedded hypervisor market growth.
Key Findings of Study:
Embedded hypervisor market analysis by geography, the embedded hypervisor market is segmented into five key regions - North America, Europe, APAC, the MEA, and SAM. North America held the largest embedded hypervisor market share in 2020. The market growth in the region is attributed due to its government’s favorable policies for developing the IT & communication sector. For instance, In May 2021, the US government added US$500 million to the Technology Modernization Fund. In August 2021, Canada’s government invested more than US$20 million in clean technology, the digital economy, health sciences, and value-added agriculture. The federal governments in North America are taking several initiatives to improve government business and communication efficiency. They have replaced traditional IT tools and adopted modernization tools to improve efficiency. The outbreak of the COVID-19 increased the adoption of cloud technologies, which positively impacted the embedded hypervisor market growth. With the rising cyber security threats and concerns in military systems, several military departments are frequently looking for advanced technology to reduce these cyber threats; thus, offering growth opportunities to the key players operating in the embedded hypervisor market. The rapidly growing cybersecurity and well-established technology pioneers, such as Microsoft; IBM; Citrix Systems, Inc.; VMware, Inc.; and Wind River Systems, Inc., support the embedded hypervisor market growth in North America. The rising mergers and acquisitions help the embedded hypervisor market to grow. For instance, on 02 November 2021, IBM Corporation and NeuReality partnered up to develop AI inference platforms. Both companies evaluate NeuReality products in IBM’s hybrid cloud, including systems flow, AI use cases, networking, virtualization, and security. Thus, such strategic initiatives from leading players pose immense competition, which is expected to hold potential growth opportunities during the forecast period.
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Table of Contents
1. Introduction
3. Research Methodology
4. Embedded Hypervisor Market Landscape
5. Embedded Hypervisor Market- Key Market Dynamics
6. Embedded Hypervisor Market - Global Market Analysis
7. Embedded Hypervisor Market Analysis - By Component
8. Embedded Hypervisor Market - By Technology
9. Embedded Hypervisor Market - By Enterprise Size
10. Embedded Hypervisor Market - By Industry
11. Embedded Hypervisor Market - Geographic Analysis
12. Impact of COVID-19 Pandemic on Embedded Hypervisor Market
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Executive Summary
The embedded hypervisor market size is expected to grow from US$ 5,046.7 million in 2021 to US$ 7,823.2 million by 2028; it is estimated to grow at a CAGR of 6.5% during 2021-2028.A real-time operating system (RTOS) allows real-time applications to process data as it comes in, with little or no buffering delay. Embedded hypervisors are the security best practices for network devices as they provide safety and security from the hostile network. It runs a specific program efficiently that is layered by frameworks, which offers adequate protection for modules. The need for embedded hypervisors increased due to technological advancements and the rise in adoption of IoT (Internet of Things) and AI (Artificial Intelligence) in various industrial verticals, such as in the automotive industry, aerospace & defense industries, and IT & telecom.
The demand for embedded hypervisors in the automotive industry is rapidly increasing due to a growing preference for electric vehicles, fueling the market growth. An advanced driver assistance system (ADAS) is a robust system that uses sensors in vehicles, such as cameras and radars. The embedded hypervisor market is benefiting from the increased adoption of V2I and V2V features.
In the aerospace & defense industry, there is an increasing need for layered-based security to systems and critical components. The growing popularity of real-time operating systems also contributes to the demand for embedded hypervisors. Many real-time applications require safety, security, and virtualization support. The rising geographical tension between neighbouring countries, such as India, China, and Pakistan, the ongoing war between Russia and Ukraine, and the Middle East & African countries led to many governments spending a considerable amount on developing their defense security. For instance, the US Department of Defense (DOD) requests $715 billion in funding. India’s Defense budget for 2022–2023 stands at US$ 54.20 billion (Rs 4,05,470.15 crores). The 2021 defense budget totalled US$ 46.7 billion in Saudi Arabia. Russia’s national defense budget to total $154 billion through 2022. Therefore, the rising defense budget created many lucrative opportunities for the embedded hypervisor key vendors.
Impact of COVID-19 Pandemic on Embedded Hypervisor Market
The COVID-19 outbreak dramatically impacted the global economy in 2020 in its initial days, and the crisis hampered the business activities in the IT industries. Before the COVID-19 outbreak, the embedded hypervisor market was experiencing substantial growth due to the growing demand for IoT platforms, increasing adoption of artificial intelligence, and cloud computing in various industries, such as healthcare, smart homes, smart buildings, smart cities, transportation, and manufacturing industries. Significant investment initiatives were in the pipeline for massive shifts in the manufacturing sector due to industry 4.0 and the acceptance of IoT in various enterprises. However, the onset of the COVID-19 pandemic slowed down the deployments and investment of IoT and cloud-based solutions that hampered the business dynamics for the embedded hypervisor market growth. During the initial days of the pandemic, it restricted all business deals, collaborations, and partnerships that significantly shattered the embedded hypervisor market growth.
Embedded hypervisor market analysis by technology, the market is segmented into desktop virtualization, server virtualization, and data center virtualization. In 2021, the desktop virtualization segment accounted for the largest market share. Embedded hypervisor market analysis by enterprise size, the market is segmented into small and medium enterprises and large enterprises. In 2021, the large enterprises segment accounted for a larger market share. Based on component, the market is segmented into solution and services. The solution segment accounted for a larger embedded hypervisor market share in 2021. Based on industry, the embedded hypervisor market is segmented into BFSI, IT and telecom, aerospace and defense, automotive, healthcare, transportation, and others. In 2021, the BFSI segment accounted for the largest market share. By geography, the embedded hypervisor market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). North America accounted for the largest embedded hypervisor market share in 2021.
The overall size of the Embedded Hypervisor market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Embedded Hypervisor market with respect to all the segments. It also provides the overview and forecast for the market based on all the segmentation provided with respect to five major regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants to validate data and gain more analytical insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants—including valuation experts, research analysts, and key opinion leaders—specializing in the Embedded Hypervisor market.
The key companies operating in the Embedded Hypervisor market include Citrix Systems, Inc.; IBM Corporation; Microsoft Corporation; VMware, Inc.; Wind River Systems, Inc.; NXP Semiconductors; Thales Group; Fent Innovative Software Solution; S.L.; Lynx Software Technologies; and Siemens AG.
Companies Mentioned
- Citrix Systems Inc.
- IBM Corporation
- Microsoft
- Vmware, Inc
- Wind River Systems, Inc.
- Nxp Semiconductor
- Thales Group
- Fent Innovation Software Solution, S.L
- Lynx Software Technologies, Inc.
- Siemens
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 216 |
Published | March 2022 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 5046.7 Million |
Forecasted Market Value ( USD | $ 7823.2 Million |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |