Application Virtualization Market Size Poised To Reach USD 8.40 Billion By 2030: Grand View Research Inc.

 

San Francisco, 22 Oct 2024: The Report Application Virtualization Market Size, Share, & Trends Analysis Report By Component, By Deployment, By Enterprise Size, By End Use, And Segment Forecasts, 2024 - 2030

The global application virtualization market size to reach USD 8.40 billion in 2030 and is anticipated to grow at a CAGR of 14.3% from 2024 to 2030. The application virtualization market is significantly driven by the growing adoption of remote work solutions and cloud computing. The shift to remote work has increased the demand for virtualized applications, which allow employees to access and use software from any location while maintaining centralized control and security. In addition, the rise of cloud computing drives market growth by enabling businesses to deploy, manage, and scale applications more efficiently and cost-effectively, reducing the need for on-premises infrastructure and enhancing flexibility.

The rapid adoption of cloud computing is another major driver for the application virtualization market. Cloud services offer scalable and cost-effective solutions for deploying and managing applications, which aligns with the needs of modern enterprises seeking to reduce their on-premises infrastructure and operational costs. Application virtualization leverages cloud platforms to provide users with access to applications via the internet, allowing for streamlined updates, easier maintenance, and greater scalability. This integration with cloud environments enables organizations to enhance their agility, reduce IT overhead, and support dynamic workloads, driving further adoption of virtualization technologies.

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According to Eurostat, the statistical office of the European Union, in 2023, 45.2% of enterprises within the European Union utilized cloud computing services, primarily for managing email systems, storing digital files, and using office software. Among these, 75.3% opted for advanced cloud services, including security software applications, database hosting, or platforms for application development, testing, and deployment. This represents a 4.2% point increase from 2021 in the proportion of enterprises adopting cloud computing.

The growth of Software as a Service (SaaS) and Desktop as a Service (DaaS) is also shaping the landscape of application virtualization. SaaS applications continue to gain popularity, driving the need for effective virtualization solutions to deliver these services. Similarly, DaaS solutions are becoming more prevalent, offering virtual desktops as a managed service that simplifies deployment and management for businesses. These trends reflect a broader move towards more flexible, scalable, and cost-effective IT solutions.

Organizations are increasingly prioritizing security and compliance due to stringent regulations and the growing threat of cyberattacks. Application virtualization enhances security by centralizing application management and data storage in a secure server environment, thereby reducing the risk of data breaches and unauthorized access. By isolating applications from local devices, organizations can better control security policies, monitor access, and ensure compliance with industry regulations, contributing to the market’s growth. Moreover, the rise of remote work, accelerated by the COVID-19 pandemic, further fueled demand for application virtualization solutions. With many employees working from various locations, the ability to access applications securely from any device has become essential. This shift has prompted organizations to invest in virtualization technologies that support flexible work environments while maintaining operational efficiency.

Key Application Virtualization Company Insights

Key players operating in the application virtualization market include Google, Microsoft, Red Hat Inc., VMware Inc., and Hewlett Packard Enterprise Development LP. The companies are focusing on various strategic initiatives, including new product development, partnerships & collaborations, and agreements to gain a competitive advantage over their rivals. The following are some instances of such initiatives.

• In August 2024, Hewlett Packard Enterprise Development LP agreed to acquire Morpheus Data, a U.S.-based software company. This acquisition aligns with HPE’s goal to simplify IT complexity by enhancing the hybrid operations capabilities within its HPE GreenLake platform. By integrating Morpheus Data's tools, HPE aims to offer a unified solution for managing increasingly diverse and complex IT environments, particularly improving application virtualization and hybrid cloud management.
• In May 2024, Red Hat, Inc. and Pure Storage, a U.S.-based technology company, announced an enhancement for Portworx on Red Hat OpenShift by Pure Storage. This optimization streamlines integration, offering enterprises a more straightforward path to modern virtualization. The partnership between Pure Storage and Red Hat accelerates application development and deployment while enhancing enterprise reliability and operational flexibility in complex hybrid cloud environments.
• In July 2023, Citrix Systems released Citrix Virtual Apps and Desktops 7 2407, which includes new versions of the Windows Virtual Delivery Agents (VDAs) and several core components. This release allows to install or upgrade core components and VDAs using the ISO, enabling to take advantage of the latest features. 

Key Application Virtualization Companies:

The following are the leading companies in the application virtualization market. These companies collectively hold the largest market share and dictate industry trends.

• Citrix Systems
• Google
• Hewlett Packard Enterprise Development LP
• Microsoft
• NextAxiom Technology
• Oracle
• Red Hat Inc.
• Sangfor Technologies
• Symantec
• VMware Inc.

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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