Virtual Machine Market is to grow at 20.3% During the Forecast Period 2023 to 2033

The global virtual machine market is expected to reach a valuation of US$ 119.89 Bn by 2031. Virtual Machines (VMs) are the fundamental units of compute in cloud, enabling dozens of different types of applications and workloads to run and scale successfully. In a new study, Future Market Insights (FMI) has forecast the global market to reach US$ 19.85 Bn by 2021.

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 enterprises are met by cloud VMs. The technology makes it simple to increase and decrease computing capacity in accordance with business requirements.

The environment is anticipated to alter, however, as the Mac platform advances, demonstrating a CAGR of more than 24% between 2021 and 2031.

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Key Takeaways: Virtual Machine Market

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

Every company, no matter how big or little, continues to be affected by the new coronavirus pandemic's extensive effects on its staff and clients. The usage of both new and old technology has expanded significantly as a result of a pandemic. Millions of workers are compelled to adopt work from home policies as consumers continue to tighten their purse strings, which has led to a rise in demand for cloud computing solutions.

Many companies and governmental organisations have been compelled to use virtual technology as a result of the closure of physical workspaces and transportation networks. Some people can work from home by simply bringing their laptops home, but others could have specialised computers with complex configurations that are more difficult to move between a home office and the workplace.

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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 streamline by the end of 2021.

Growing Adoption of Cloud VMs in Organization

The adoption of VMs is increasing in organization 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 other 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 COVID-19 pandemic has accelerated 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)