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Global Application Virtualization Market Forecast to 2023: Anticipated to Grow at a CAGR of 14%, Driven by the Need for Alternatives to the Lengthy Application Installation Process - ResearchAndMarkets.com

March 5, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Mar 5, 2019--The “Application Virtualization Market by Component (Solutions and Services), Deployment Model, Organization Size, Vertical (BFSI, Healthcare, Government and Defense, Education, Construction, and IT and Telecom), and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The application virtualization market size is expected to grow from USD 2.2 billion in 2018 to USD 4.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) 14% during the forecast period.

Providing solutions for lengthy application installation process with improved security and simplifying the management of the overall application life cycle are the major growth factors for the application virtualization market. However, the graphics intensive application, which cannot be virtualized may restrain the growth of the application virtualization market.

Application virtualization services to drive the overall growth of the market

Application virtualization solutions have become a crucial and integral part of several successful and large organizations, as companies struggle to provide access of the same application to its number of employees. It helps in providing various applications to improve portability, manageability, and compatibility of a virtual infrastructure.

The implementation of application virtualization solutions would help organizations strengthen their operation policies, thus save cost and time, and provide a great value proposition for organizations, as well as their clients in the long run.

BFSI vertical to hold the largest market size during the forecast period

The Banking, Financial Services and Insurance (BFSI) vertical offers significant growth opportunities for vendors in the application virtualization market, as this vertical is adopting digitalization at a rapid pace and needs to save Capital Expenditure (CAPEX) for other IT needs.

The increasing competition within the BFSI organizations to keep customers satisfied and enhance operational efficiencies is another concern of this vertical. Hence, resulting in the growing adoption of application virtualization solutions, as they offer the benefits of scalability and flexibility for using various applications on their virtual machine with increased cost savings, business continuity, and business agility.

North America to hold the largest market size and grow at the highest rate during the forecast period

North America is estimated to have the largest market size, among all the regions, in the application virtualization market, and the trend is expected to continue until 2023. North America is the most mature market in terms of adoption of application virtualization solutions.

The market growth in this region is primarily driven by the presence of large IT companies/users and rapid technological advancements, such as digitalization in the US and Canada. The presence of key players in application virtualization in the region is expected to be a major factor driving the market growth in North America.

Key Players

1. Microsoft (US)

2. Symantec (US)

3. VMware (US)

4. Citrix Systems (US)

5. Red Hat (US)

6. Oracle (US)

7. Google (US)

8. Dell (US)

9. Micro Focus (UK)

10. Parallels International (US)

11. Systancia (France)

12. Accops (India)

13. NComputing (South Korea)

14. Sangfor Technologies (China)

15. NextAxiom Technology (US)

Topics Covered

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Segmentation

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Microquadrant Methodology

2.6 Assumptions for the Study

2.7 Limitations of the Study

3 Executive Summary

3.1 Attractive Growth Opportunities in the Application Virtualization Market

3.2 Market By Component, 2018

3.3 Market By Organization Size, 2018

3.4 Market By Vertical, 2018

3.5 Market Investment Scenario, 2018-2023

4 Market Overview and Industry Trends

4.1 Introduction

4.2 Market Dynamics

4.2.1 Drivers

4.2.1.1 Need for Alternatives to the Lengthy Application Installation Process

4.2.1.2 Ability to Simplify the Application Life Cycle Management Process

4.2.2 Restraints

4.2.2.1 Application Security Concerns in Virtualized World

4.2.2.2 Performance Concerns Over Data Transfer & Retrieval from Multiple Locations

4.2.3 Opportunities

4.2.3.1 Increasing Demand for Virtualization

4.2.3.2 Increasing Adoption of Cloud-Based Technologies in SMEs

4.2.4 Challenges

4.2.4.1 Unawareness About Application Virtualization Technologies Among End Users

4.3 Use Cases

4.3.1 Healthcare

4.3.2 Manufacturing

4.3.3 Banking, Financial Services and Insurance

4.4 Application Virtualization Architecture

5 Application Virtualization Market, By Component

5.1 Introduction

5.2 Solutions

5.3 Services

6 Application Virtualization Market, By Deployment Model

6.1 Introduction

6.2 Public Cloud

6.3 Private Cloud

6.4 Hybrid Cloud

7 Application Virtualization Market, By Organization Size

7.1 Introduction

7.2 Small and Medium-Sized Enterprises

7.3 Large Enterprises

8 Application Virtualization Market, By Vertical

8.1 Introduction

8.2 Banking, Financial Services, and Insurance

8.3 Healthcare

8.4 IT and Telecom

8.5 Government and Defense

8.6 Construction

8.7 Education

8.8 Others

9 Application Virtualization Market, By Region

9.1 Introduction

9.2 North America

9.3 Europe

9.4 Asia Pacific

9.5 Latin America

9.6 Middle East and Africa

10 Competitive Landscape

10.1 Overview

10.2 Competitive Scenario

10.3 Competitive Leadership Mapping

11 Company Profiles

11.1 Introduction

11.2 Microsoft

11.3 Symantec

11.4 VMware

11.5 Citrix Systems

11.6 Red Hat

11.7 Oracle

11.8 Dell

11.9 NComputing

11.10 Google

11.11 Micro Focus

11.12 Parallels International

11.13 Systancia

11.14 Sangfor Technologies

11.15 Nextaxiom Technologies

11.16 Accops

For more information about this report visit https://www.researchandmarkets.com/research/377cz5/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190305005423/en/

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