Virtual Machine Market Projected to Reach US$ 177.3 Billion by 2033, with a CAGR of 20.3%.

By 2033, the global virtual machine market is projected to be worth US$177.3 billion. The need for virtual machine systems and solutions has increased as organizations adopt more demanding applications and cloud computing technologies globally. Virtual machines also help organizations save time and money.

To better handle spikes in traffic, numerous instances of the same virtual machine can be quickly deployed with cloud computing. Cloud computing technology provides VMs with more dependable and reasonably priced infrastructure that is extremely scalable. The most demanding computing requirements of organizations are met by cloud VMs. The technology makes it simple to increase and decrease computing capacity in accordance with business requirements.

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The market has expanded quickly over the past ten years as a result of the rising need for computing resources. Linux continues to be the most popular platform used by businesses, followed by Windows. The environment is anticipated to alter, however, as the Mac platform advances, demonstrating a CAGR of more than 24% between 2021 and 2031.

Key Takeaways: Virtual Machine Market

• Exponential growth is expected as FMI forecasts the market to exhibit a 19.7% CAGR between 2021 and 2022
• Backed by the strong network infrastructure, the U.S. will account for over 80% of 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

COVID-19 Impact Analysis on the 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 the 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 streamlined by the end of 2021.

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Growing Adoption of Cloud VMs in Organizations

The adoption of VMs is increasing in organizations 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 another important task.

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 the COVID-19 pandemic has accelerated the 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.

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Key Segments Covered of the Virtual Machine Market

Type

• Process/Application Virtual Machines
• System Virtual Machines

Platform

• Windows
• Mac
• Linux
• Others

Enterprise Size

• Small & Medium Enterprises (SMEs)
• Large Enterprises

Industry

• BFSI
• IT & Telecom
• Retail
• Healthcare
• Manufacturing
• Government
• Others

Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa (MEA)