The global virtual machines market is anticipated to grow at a significant CAGR of 16.7% during the forecast period (2024-2031). VMs are software-based emulations of physical computers, allowing multiple operating systems and applications to run simultaneously on a single physical host's hardware, providing flexibility, scalability, and efficient resource utilization.
The market is experiencing significant growth due to the increasing adoption of cloud computing across various industries has fueled demand for VMs, enabling scalable and flexible IT infrastructure while reducing costs associated with physical hardware. Advancements in virtualization technology, including improved hypervisors and containerization, have made VMs more efficient, secure, and easier to deploy, enhancing their appeal. The rise of remote work and the need for secure, reliable remote access solutions have also driven VM adoption, providing consistent access to corporate resources. Additionally, the growing complexity of IT environments and the need for robust disaster recovery solutions make VMs essential for business resilience.
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Regulatory requirements and data protection laws further prompt organizations to adopt VMs for their enhanced security features and compliance capabilities. Finally, the growth of the Internet of Things (IoT) and the proliferation of connected devices necessitate scalable computing resources, which VMs effectively provide. Consequently, the global VM market is poised for continued expansion as businesses increasingly recognize the strategic benefits of virtualization.
In March 2024, SoftIron launched VM Squared, an alternative to VMware's vSphere, claiming simplicity and quick installation. SoftIron aims to attract SMEs and ex-VMware partners with a modern, user-friendly interface and features that ease the transition to private cloud via its HyperCloud.
In August 2022, during its 45th AGM, Reliance officially launched Jio Cloud PC, a virtual PC hosted in the cloud using Jio True 5G. Aimed at making computing affordable, it eliminates the need for hardware purchases and upgrades, benefiting students, gig workers, small businesses, and large enterprises. Users pay only for usage, ensuring affordability.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Industry Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
1.1. Competitive Landscape- Amazon Web Services, Inc., Huawei Technologies Co., Ltd. IBM Corp., Microsoft Corp, and Oracle Corp. among others.
Key questions addressed by the report
Global Virtual Machines Market Report Segment
By Type
By Industry Vertical
Global Virtual Machines Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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