NEWARK, Del, Jan. 10, 2023 (GLOBE NEWSWIRE) -- The virtual machine market is predicted to grow at a CAGR of 20.3% over the forecast period, according to FMI’s analysis. The industry's value is anticipated to increase from US$ 27.9 Bn in 2023 to US$ 177.3 Bn by 2033 end.
The market for the virtual machine is being driven by the surging adoption of virtual machines across various verticals and data centers. This could be attributed to the expanding IT industry globally. Additionally, the rising adoption of cloud services and hybrid information technology is also propelling the market growth. The rising advancements in AI technologies is predicted to enhance the demand for virtual machines over the forecast period.
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Further, the extensive application of virtual machines by organizations for software designing, resource testing, or for running dated systems, is also aiding the market growth. More end users and businesses are utilizing several information technology solutions like cutting-edge applications, container integration, and cloud infrastructure to promote productivity. This is predicted to generate lucrative opportunities for the virtual machine market over the forecast period.
Key Takeaways from the Virtual Machine Market:
- The United States virtual machine market is projected to dominate the overall market. Over the forecast period, the market is predicted to generate the largest revenue of US$ 38 Bn by 2033 end. The country is estimated to grow at a CAGR of 14.2% in the meantime.
- The United Kingdom is projected to witness the fastest CAGR of 27.8% over the forecast period. By term end, the market will gain US$ 9.3 Bn. UK is among the most advanced IT and associated services market. The country’s data-driven economy is projected to boost the uptake of virtual machines in the upcoming years.
- Within the APAC region, China is estimated to emerge as the fastest growing market, expanding a CAGR of 22.2% over the forecast period. The market value is projected to reach US$ 19.5 Bn by 2023.
- On the basis of type, process/application virtual machines would be the leading segment. Over the forecast period, the segment is projected to grow at a CAGR of 17.1%, up from 15.8% CAGR witnessed in the historical period.
- Linus is predicted to be the dominant platform over the forecast period. The segment would exhibit a CAGR of 16.8%, expanding from 15% CAGR observed in the historical period.
News Featuring Market Developments by Companies Providing Virtual Machine:
- In June 2020, Microsoft released its Azure generic and memory-optimized virtual machines that are based on 2nd Gen Intel Xeon Platinum 8272CL. The machine has the potential to increase by up to 20% CPU performance, over Ev3 VMs and Dv3.
- In November 2020, AWS unveiled its new Mac instances for Amazon EC2. The newly released machine allows users to perform on-demand macOS workloads in the AWS cloud. Thus, providing the scalability, flexibility, and cost-benefits of AWS to Apple developers.
- In December 2020, VMware released its new version of VMware vSphere 7. The new update provides enterprises the tools for cutting-edge and conventional applications and workloads.
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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)
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2017-2022 and Forecast, 2023-2033
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2022
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2023-2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
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