The virtual machine global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Virtual Machine Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The virtual machine market size has grown rapidly in recent years. It will grow from $17.08 billion in 2023 to $20.26 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to increased server consolidation, increased legacy application support, increased resource efficiency and cost savings, development and testing environment.
The virtual machine market size is expected to see rapid growth in the next few years. It will grow to $37.53 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to increasing cloud computing adoption, increasing edge computing expansion, increasing hybrid and multi-cloud architectures, increasing security and compliance requirements. Major trends in the forecast period include serverless computing integration, AI and machine learning optimization, enhanced security features, edge virtualization for IOT.
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Scope Of Virtual Machine Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Virtual Machine Market Overview
Market Drivers –
The acceleration of cloud computing adoption is expected to propel the growth of the virtual machine market going forward. Cloud computing adoption refers to the process by which organizations integrate cloud computing technologies and services into their IT infrastructure and operations. This adoption arises due to cost savings, scalability, security, and the ability to facilitate remote access to data and services. Virtual machines use cloud computing to provide on-demand, scalable computing resources by allowing multiple isolated environments to run on the same physical hardware, maximizing efficiency and flexibility. For instance, in February 2024, according to reports shared by the AAG IT Support Service, a US-based digital transformation service provider, a survey of 753 technical and business professionals showed an increase in heavy cloud service usage to 63% in 2022, up from 59% in 2021 and 53% in 2020. Therefore, the acceleration of cloud computing adoption is driving the growth of the virtual machine market.
Market Trends –
Major companies operating in the virtual machine market are concentrating on new innovative advanced solutions, such as Azure HX and HBv4 virtual machines for high-performance computing (HPC), to secure their position within the market. This machine is optimized for various HPC workloads such as computational fluid dynamics, finite element analysis, rendering, molecular dynamics, and financial risk analysis. For instance, in November 2022, Microsoft Corporation, a US-based technology company, launched Azure HX and HBv4. The HBv4 series excels in diverse HPC applications, from weather simulation to financial analysis, offering significant performance boosts with features like up to 176 AMD EPYC 9004-series (Genoa) CPU cores, 688 GB of RAM, and 400 Gb/s NDR InfiniBand from NVIDIA Networking. On the other hand, the HX-series VMs offer significant performance enhancements at a lower cost, with the latest 4th Gen AMD EPYC processors paired with 400 Gigabit NVIDIA Quantum-2 InfiniBand. Additionally, this series enhances MPI collective offload and routing capabilities with 400 gigabit InfiniBand, is tailored for chip design, and offers unparalleled performance and cost efficiency for HPC customers.
The virtual machine market covered in this report is segmented –
1) By Type: System Virtual Machine, Process Virtual Machine
2) By Application: Small Scale Enterprises, Medium Scale Enterprises, Large Scale Enterprises
3) By Industry: Banking, Financial Services, And Insurance (BFSI), Information Technology And Telecommunications, Retail, Healthcare, Manufacturing, Government, Other Industries
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Regional Insights –
North America was the largest region in the virtual machine market in 2023. The regions covered in the virtual machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the virtual machine market are Amazon.com Inc., Google LLC, Microsoft Corporation, Alibaba Group Holding Limited, Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, Accenture PLC, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, The Hewlett Packard Enterprise Company, Vmware LLC, NetApp Inc., Juniper Networks Inc., Red Hat Inc., Rackspace Technology Inc., Nutanix Inc., Docker Inc., Scale Computing, CloudSimple Inc., Ncomputing Co. Ltd., Proxmox Server Solutions Gmbh, Alludo – Cascade Parent Limited
Table of Contents
1. Executive Summary
2. Virtual Machine Market Report Structure
3. Virtual Machine Market Trends And Strategies
4. Virtual Machine Market – Macro Economic Scenario
5. Virtual Machine Market Size And Growth
…..
27. Virtual Machine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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