Worldwide demand for virtualization software is expected to skyrocket at a CAGR of 22.3% from 2023 to 2033. Currently, the global virtualization software market is valued at US$ 40 billion and is anticipated to climb to a size of US$ 300 billion by 2033.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Virtualization Software market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Virtualization Software market.
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Key findings of the Virtualization Software market study:
- Regional breakdown of the Virtualization Software market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Virtualization Software vendors in detail.
- Region-wise and country-wise fragmentation of the Virtualization Software market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Virtualization Software market.
Key Companies Profiled
- Amazon Inc
- Oracle Corporation
- Citrix Systems Inc
- Microsoft Corporation
- Google LLC
- Datadog, Inc
- Huawei Technologies Co. Ltd
- IBM Corporation
Competitive Landscape
Key players operating in the virtualization software market are actively pursuing marketing methods such as partnerships, investments, acquisitions, technological innovations, and R&D activities to expand and strengthen their market presence.
- Microsoft and Meta teamed up in October 2022 to build immersive experiences for the future of work. The partnership enables to offer Mesh for Microsoft Teams to Meta Quest devices, as revealed at Meta Connect 2022. It will allow users to virtually gather where work takes place on any device, including mixed-reality headsets, laptops, and smartphones. Mesh for Teams with Meta Quest 2 and Meta Quest Pro devices allows users to connect and collaborate as if they were in the same room.
- VMware and NetApp extended their partnership in August 2022 to support customers with multi-cloud modernization. VMware Cloud Foundation with Tanzu makes it possible for IT to handle container orchestration and virtual machines (VMs) from a single unified platform. VMware Cloud Foundation and VMware Tanzu support the use of NetApp ONTAP-based storage arrays, enabling customers to create a flexible data fabric for traditional VMs as well as new, containerized applications.
- Red Hat and ABB partnered in July 2022 to develop scalable digital solutions for the hybrid cloud and industrial edge. The partnership allows for the containerization and virtualization of automation software with Red Hat OpenShift, allowing for improved flexibility in hardware deployment that is optimal for application demands.
- IBM acquired Neudesic, a major Microsoft Azure Consultancy, in February 2022 to broaden IBM’s offering of hybrid multi-cloud services and improve the company’s hybrid cloud and AI strategy.
- VMware and Vodafone collaborated in November 2021. The collaboration seeks to implement the entire VMware Telco Cloud Platform across all European markets. Vodafone will utilize VMware Tanzu for Telco, as well as VMware Telco Cloud Automation and Telco Cloud Infrastructure for NFV.
- Cisco absorbed Socio Labs in July 2021. The acquisition would broaden Webex’s services beyond webinars, meetings, and webcasts and provide power to the future of hybrid events.
Key Segments of Virtualization Software Industry Research
- By Platform :
- PC Virtualization
- Mobile Virtualization
- By Technology :
- Network Function Virtualization
- Desktop Virtualization
- Software-defined Storage
- Server Virtualization
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Queries addressed in the Virtualization Software market report:
- Why are the Virtualization Software market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Virtualization Software market?
- Which regions are displaying the fastest growth in the Virtualization Software market?
- What are the underlying micro- macroeconomic factors affecting the global Virtualization Software market?
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