Increasing demand for
cloud-based technologies in SMEs and simplification of overall application life
cycle by application virtualization to drive global application virtualization
market through 2024
According
to TechSci Research report, “Global
Application
Virtualization Market By Component, By Technology, By Deployment Model, By
Organization Size, By End User Vertical, By Region, Competition, Forecast &
Opportunities, 2024”, global application
virtualization market is expected to grow at a CAGR of around 13% during
2019 - 2024 on account of increasing demand for simplifying the entire
application lifecycle. Enterprises in the expanding IT industry are adopting
application virtualization so as to minimize the cost of implementation,
maximize the productivity and maintain the applications, thereby driving global
application virtualization market. Moreover, increasing awareness pertaining to
the advantages of cloud-based technologies such as profit maximization and
scalability is further contributing to the growth of global application
virtualization market.
Browse 20 market data Tables and 108 Figures spread through 110 Pages and an
in-depth TOC on "Global Application Virtualization Market"
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Global
application virtualization market can be segmented based on component,
technology, deployment model, organization size, end user vertical and region.
Based on the component, global application virtualization market can be
bifurcated into services and solution, of which the former is anticipated to
witness the fastest growth owing to growing use of a variety of applications
across various sectors/industries which is leading to increasing demand for
virtualization services such as training, consulting, and maintenance, etc. On
the basis of end user vertical, global application virtualization market can be
segmented into BFSI, healthcare, IT & Telecom, government, education and
others. BFSI industry is witnessing extensive adoption of application
virtualization, globally, due to increasing demand for enhancing operational
efficiencies and rapid digitization of financial services. Moreover, stringent
regulation across the BFSI vertical and presence of sensitive and confidential
data is further anticipated to drive adoption of application virtualization in
this sector.
Microsoft Corp., Oracle Corp., Symantec Corporation, VMware,
Inc., Citrix Systems Inc., Red Hat, Inc., VMware,
Inc., Google Inc., SAP SE, Dell Inc., etc. are
some of the leading players operating in global application virtualization
market. Companies operating in the market are using organic strategies such as
product launches, mergers and collaborations to boost their market share. In
2019, Symantec launched Symantec Visibility appliance v5.0 which is an
on-premise virtual appliance for transport layer security (TLS) and secure
sockets layer (SSL) inspection.
“North America is the leading region in global application
virtualization market and is expected to continue its dominance during forecast
period as well on account of early adoption of technologies such as IoT,
location-based services, etc., and presence of major players in the region.
However, Asia-Pacific is expected to witness significant growth during forecast
period owing to increasing proliferation of IoT, cloud computing, etc., across
organizations and rapid advancements in telecom infrastructure in some
countries of the region.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Application Virtualization Market By
Component, By Technology, By Deployment Model, By Organization Size, By End
User Vertical, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global application
virtualization market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global application
virtualization market.
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