The virtualization software market size has grown rapidly in recent years. It will grow from $73.74 billion in 2023 to $85.83 billion in 2024 at a compound annual growth rate (CAGR) of 16.4%. During the historical period, the increase can be credited to server optimization, flexibility and agility, disaster recovery, legacy system support, and green IT initiatives.
The virtualization software market size is expected to see rapid growth in the next few years. It will grow to $159.33 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The rise anticipated in the forecast period is linked to edge computing, containerization, adoption of hybrid and multi-cloud systems, and a focus on security and compliance. Key trends expected during this period include the integration of IoT, edge computing advancements, incorporation of AI and machine learning, and increased adoption of containerization.
The virtualization software market is poised for growth due to the increasing demand for cloud-based services. Cloud-based services entail accessing computing resources such as storage, processing power, and software applications over the internet rather than locally. Their popularity stems from benefits such as scalability, cost-effectiveness, enhanced collaboration, data security, and accessibility. Virtualization software plays a crucial role by efficiently managing resources, optimizing server utilization, and providing scalable computing resources on demand, thereby driving the growth of cloud-based services. For example, Eurostat reported in December 2023 that 45.2% of European Union enterprises used cloud computing services, marking a 4.2 percentage point increase from 2021. This trend is evident across different business sectors, with traditional small businesses, small tech companies, and enterprises embracing cloud services for various tasks.
Key players in the virtualization software market are emphasizing advanced solutions such as single hybrid cloud data platforms to meet diverse enterprise needs effectively. These platforms integrate and manage data across public and private cloud environments seamlessly. For instance, Hitachi Ltd introduced Hitachi Virtual Storage Platform One in October 2023, a single hybrid cloud data platform designed to handle large-scale tasks efficiently. It features a unified architecture with a singular control plane, data fabric, and data plane, catering to block, file, object, cloud, mainframe, and software-defined storage workloads. This comprehensive platform is AI-enabled and managed through a single software stack, offering flexibility and efficiency.
In November 2023, Broadcom acquired VMware for $69 billion, aiming to enhance enterprise customers' options in addressing complex IT challenges and accelerating software scale and growth opportunities. VMware, a leading provider of server virtualization and cloud computing software, strengthens Broadcom's position in the market, enabling them to offer more robust solutions to their clients.
Major companies operating in the virtualization software market are Amazon.com Inc., Google LLC, Microsoft Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, Oracle Corporation, Broadcom Inc., Citrix Systems Inc., Datadog Inc., Nutanix Inc., Palo Alto Research Center Incorporated (PARC), Veeam Software Corporation, Corel Corporation, Scale Computing Inc., NComputing Co. Ltd., Canatu Oy, Tekscan Inc., FlexEnable Limited, Lynx Software Technologies Inc., TenAsys Corporation, OpenStack Foundation.
North America was the largest region in the virtualization software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualization software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the virtualization software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Virtualization software encompasses programs or platforms that facilitate the creation and management of virtual machines (VMs) or virtual environments within a physical computing system. This software finds extensive use across data centers, cloud computing environments, development and testing scenarios, and desktop computing to enhance resource utilization, boost flexibility, and streamline the management and deployment of IT infrastructure.
The primary categories of virtualization software include storage virtualization, application virtualization, network virtualization, hardware virtualization, server virtualization, operating system (OS) virtualization, and other variants. Storage virtualization involves abstracting physical storage resources into a unified virtual pool to simplify management and enhance flexibility. This software platform also supports functionalities such as PC virtualization and mobile virtualization, with deployment options including on-premises and cloud-based virtualization tailored for different organizations such as small and medium-sized enterprises (SMEs) and large enterprises.
The virtualization software research report is one of a series of new reports that provides virtualization software market statistics, including the virtualization software industry's global market size, regional shares, competitors with a server virtualization software market share, detailed virtualization software market segments, market trends and opportunities, and any further data you may need to thrive in the virtualization software industry. This virtualization software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The virtualization software market includes revenues earned by entities by hardware abstraction, resource allocation, isolation and sandboxing, snapshotting and cloning, live migration, integration with cloud services, and performance optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The virtualization software market size is expected to see rapid growth in the next few years. It will grow to $159.33 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The rise anticipated in the forecast period is linked to edge computing, containerization, adoption of hybrid and multi-cloud systems, and a focus on security and compliance. Key trends expected during this period include the integration of IoT, edge computing advancements, incorporation of AI and machine learning, and increased adoption of containerization.
The virtualization software market is poised for growth due to the increasing demand for cloud-based services. Cloud-based services entail accessing computing resources such as storage, processing power, and software applications over the internet rather than locally. Their popularity stems from benefits such as scalability, cost-effectiveness, enhanced collaboration, data security, and accessibility. Virtualization software plays a crucial role by efficiently managing resources, optimizing server utilization, and providing scalable computing resources on demand, thereby driving the growth of cloud-based services. For example, Eurostat reported in December 2023 that 45.2% of European Union enterprises used cloud computing services, marking a 4.2 percentage point increase from 2021. This trend is evident across different business sectors, with traditional small businesses, small tech companies, and enterprises embracing cloud services for various tasks.
Key players in the virtualization software market are emphasizing advanced solutions such as single hybrid cloud data platforms to meet diverse enterprise needs effectively. These platforms integrate and manage data across public and private cloud environments seamlessly. For instance, Hitachi Ltd introduced Hitachi Virtual Storage Platform One in October 2023, a single hybrid cloud data platform designed to handle large-scale tasks efficiently. It features a unified architecture with a singular control plane, data fabric, and data plane, catering to block, file, object, cloud, mainframe, and software-defined storage workloads. This comprehensive platform is AI-enabled and managed through a single software stack, offering flexibility and efficiency.
In November 2023, Broadcom acquired VMware for $69 billion, aiming to enhance enterprise customers' options in addressing complex IT challenges and accelerating software scale and growth opportunities. VMware, a leading provider of server virtualization and cloud computing software, strengthens Broadcom's position in the market, enabling them to offer more robust solutions to their clients.
Major companies operating in the virtualization software market are Amazon.com Inc., Google LLC, Microsoft Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation, Oracle Corporation, Broadcom Inc., Citrix Systems Inc., Datadog Inc., Nutanix Inc., Palo Alto Research Center Incorporated (PARC), Veeam Software Corporation, Corel Corporation, Scale Computing Inc., NComputing Co. Ltd., Canatu Oy, Tekscan Inc., FlexEnable Limited, Lynx Software Technologies Inc., TenAsys Corporation, OpenStack Foundation.
North America was the largest region in the virtualization software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the virtualization software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the virtualization software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Virtualization software encompasses programs or platforms that facilitate the creation and management of virtual machines (VMs) or virtual environments within a physical computing system. This software finds extensive use across data centers, cloud computing environments, development and testing scenarios, and desktop computing to enhance resource utilization, boost flexibility, and streamline the management and deployment of IT infrastructure.
The primary categories of virtualization software include storage virtualization, application virtualization, network virtualization, hardware virtualization, server virtualization, operating system (OS) virtualization, and other variants. Storage virtualization involves abstracting physical storage resources into a unified virtual pool to simplify management and enhance flexibility. This software platform also supports functionalities such as PC virtualization and mobile virtualization, with deployment options including on-premises and cloud-based virtualization tailored for different organizations such as small and medium-sized enterprises (SMEs) and large enterprises.
The virtualization software research report is one of a series of new reports that provides virtualization software market statistics, including the virtualization software industry's global market size, regional shares, competitors with a server virtualization software market share, detailed virtualization software market segments, market trends and opportunities, and any further data you may need to thrive in the virtualization software industry. This virtualization software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The virtualization software market includes revenues earned by entities by hardware abstraction, resource allocation, isolation and sandboxing, snapshotting and cloning, live migration, integration with cloud services, and performance optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Virtualization Software Market Characteristics3. Virtualization Software Market Trends and Strategies32. Global Virtualization Software Market Competitive Benchmarking33. Global Virtualization Software Market Competitive Dashboard34. Key Mergers and Acquisitions in the Virtualization Software Market
4. Virtualization Software Market - Macro Economic Scenario
5. Global Virtualization Software Market Size and Growth
6. Virtualization Software Market Segmentation
7. Virtualization Software Market Regional and Country Analysis
8. Asia-Pacific Virtualization Software Market
9. China Virtualization Software Market
10. India Virtualization Software Market
11. Japan Virtualization Software Market
12. Australia Virtualization Software Market
13. Indonesia Virtualization Software Market
14. South Korea Virtualization Software Market
15. Western Europe Virtualization Software Market
16. UK Virtualization Software Market
17. Germany Virtualization Software Market
18. France Virtualization Software Market
19. Italy Virtualization Software Market
20. Spain Virtualization Software Market
21. Eastern Europe Virtualization Software Market
22. Russia Virtualization Software Market
23. North America Virtualization Software Market
24. USA Virtualization Software Market
25. Canada Virtualization Software Market
26. South America Virtualization Software Market
27. Brazil Virtualization Software Market
28. Middle East Virtualization Software Market
29. Africa Virtualization Software Market
30. Virtualization Software Market Competitive Landscape and Company Profiles
31. Virtualization Software Market Other Major and Innovative Companies
35. Virtualization Software Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Virtualization Software Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on virtualization software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for virtualization software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The virtualization software market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Type: Storage Virtualization; Application Virtualization; Network Virtualization; Hardware Virtualization; Server Virtualization; Operating System (OS) Virtualization; Other Types2) by Platform: PC Virtualization; Mobile Virtualization
3) by Deployment: on-Premises Virtualization; Cloud-Based Virtualization
4) by Organization Size: Small and Medium-Sized Enterprises (SMEs); Large Enterprises
Key Companies Mentioned: Amazon.com Inc.; Google LLC; Microsoft Corporation; Huawei Technologies Co. Ltd.; International Business Machines Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Amazon.com Inc.
- Google LLC
- Microsoft Corporation
- Huawei Technologies Co. Ltd.
- International Business Machines Corporation
- Oracle Corporation
- Broadcom Inc.
- Citrix Systems Inc.
- Datadog Inc.
- Nutanix Inc.
- Palo Alto Research Center Incorporated (PARC)
- Veeam Software Corporation
- Corel Corporation
- Scale Computing Inc.
- NComputing Co. Ltd.
- Canatu Oy
- Tekscan Inc.
- FlexEnable Limited
- Lynx Software Technologies Inc.
- TenAsys Corporation
- OpenStack Foundation
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | July 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 85.83 Billion |
Forecasted Market Value ( USD | $ 159.33 Billion |
Compound Annual Growth Rate | 16.7% |
Regions Covered | Global |
No. of Companies Mentioned | 21 |