Global Virtual Machine Market to Touch USD 46,235.10 Million by 2028 and Grow with a CAGR of 14.5% During 2020-2028: Increasing Number of IT Industries and Data Centers Worldwide to Drive Market Growth

Research Nester published a report titled “Virtual Machine Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the global virtual machine market in terms of market segmentation by component, type, RAM storage, temporary storage, enterprise size, operating system, end-users and by region

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

In the recent years, the adoption of data centers amongst business organizations has grown significantly. The surge in the adoption of data centers can be attributed to the cost benefits associated with these technologies, along with the flexibility gained by the deploying organization based on their requirements. Moreover, with the increase in cloud applications and organizations shifting towards cloud-based platforms, the demand for data centers has increased significantly, thereby raising the need for the deployment of virtual machines to support their expanding infrastructure. Virtual machines allow organizations to gain access to high-end hardware at a very low cost. These machines also provide greater data security with enhanced efficiency and portability. Owing to such numerous benefits, the global virtual machine market is expected to grow with a CAGR of 14.5% during the forecast period, i.e., 2020-2028, and reach USD 46,235.10 Million in 2028, up from USD 15153.78 Million in 2019.

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The market is segmented by enterprise size into small & medium enterprise and large enterprise. Amongst these segments, the small & medium enterprise (SME) segment is expected to grow with the highest CAGR of 16.0% during the forecast period, whereas the large enterprise segment is expected to hold the largest market share during the forecast period. Furthermore, on the basis of temporary storage, the 64GiB segment is expected to hold a significant market share and further reach USD 5174.42 Million by the end of 2028.

Geographically, the global virtual machine market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the market in North America is anticipated to grow with a CAGR of 14.3% during the forecast period and further gain a revenue of USD 20805.80 Million by the end of 2028. The market in the region is further segmented by country into the United States and Canada. Amongst the market in these countries, the market in the U.S. is expected to hold the largest market share throughout the forecast period and further grow with the highest CAGR of 14.8% during the forecast period.

However, higher consumption of storage space & resource distribution issues is a key restraint to the growth of global virtual machine market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global virtual machine market which includes company profiling of VMware, Inc., Oracle Corporation, IBM Corporation, Red Hat, Inc., Huawei Technologies Co., Ltd., Microsoft Corporation, Citrix Systems, Inc., Inspur Group, New H3C Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global virtual machine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

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