Overview
The global virtualization security market size will touch USD 8 billion at a 12% CAGR during the forecast period 2020- 2027, states the latest Market Research Future’s (MRFR) virtualization security market forecast. Virtualization security, put simply, is a collection of procedures, device management techniques, and controls that ensure utmost security to counter cyber-attacks.
Various factors are fuelling the global virtualization security market growth. As per the recent MRFR market estimates, such factors include the growing need for managed security services among various organizations and businesses, rapid rise in cyber-attacks, the growth of digital and software industry, increasing awareness about the various benefits of virtualization security, and different virtualization security policies, and favorable virtualization security solutions. Besides, the inclination towards virtualized infrastructure among enterprises is amongst the latest virtualization security market upcoming trends.
On the contrary, complexities associated with installation and management, drawbacks of virtualization, shortage of trained professionals, and lack of familiarity of the virtual security, may impede the global virtualization security industry growth over the forecast period.
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Main Drivers and Key Challenges
The COVID-19 outbreak brought with itself a slew of challenges, with the hardest impact on the global economy. Governments everywhere were forced to impose a lockdown, along with quarantines and social distancing to curb the spread of the pandemic. One of the industries that had to bear the brunt of SARS-CoV-2 is IT & telecommunication, pushing the need for as many advanced technologies and tools that could facilitate continuous flow of operations. With the work from home trend being adopted by almost every workforce around the world, server virtualization has come to the forefront. The novel coronavirus has brought manufacturing and production units to a halt, leading to an increasing gap in the supply and demand ratio for devices such as computers, tablets and smartphones. The close down of manufacturing coupled with the rising fragility of the supply chain has been a major dampener for the Server Virtualization Market Size.
Looking on the bright side, the vigorous efforts being given by the leading vendors along with the onslaught of revival offers from governments can eventually help the server virtualization market again find its foothold worldwide. Apart from this, the escalating demand for hyper-converged integrated system combined with the growth of software-defined data center solution can also be immensely favorable for the server virtualization market.
The latest trend in the market can be the rapidly mounting demand for cloud computing across enterprises, with gives a certain boost to the uptake of computational resources. Cloud computing has successfully taken virtualization to a higher level, as it helps enterprises automatically provide their applications to end users irrespective of the device’s location. Another notable development in the market can be the increasing collaborations and partnerships between leading firms that aim to boost their customer base.
To illustrate, in July 2020, OpenSynergy collaborated with Google as well as Qualcomm for development of virtualized Android Automotive OS that runs in conjunction with Qualcomm's Snapdragon SA8155 automotive SoC and OpenSynergy's COQOS Hypervisor SDK.
Segmental Outlook
The server virtualization industry has been segregated in terms of type, deployment, services and organization size.
Depending on type, the server virtualization industry has been considered for para virtualization, operating system level virtualization and full virtualization.
Deployment-based key categories are cloud and on-premises. On-premise deployment of server virtualization software is currently leading the global market, however the cloud based deployment segment can achieve better expansion rate in the near future.
The key services available in the global market include Consulting Service, Technology & Integration and Deployment Support & Maintenance Service.
The ranges considered based on organization size can be large enterprises along with small & medium enterprises.
Key Players
The prominent players profiled in the global virtualization security market report include Oracle Corporation (U.S.), CA Technologies (U.S.), Intel Security Group (U.S.), Ericsson Networks (Sweden), Dell Inc. (U.S.), Hewlett-Packard (U.S.), Fortinet Inc. (U.S.), VMware Inc. (U.S.), Symantec Corp. (U.S.), Trend Micro Inc. (Japan), and Altor Networks (U.S.). Partnerships, mergers and acquisitions, new product launch, geographic expansions, among others are some of the virtualization security strategies adopted by key players.
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Server Virtualization Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
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Global Server Virtualization Market Research Report: Information By Component (Hardware, Hypervisor and Services), Deployment Mode (On-Premise and Cloud), Organization Size (Small and Medium-Sized Enterprise (SME) and Large Enterprise), Vertical (BFSI, Government, Healthcare, IT & Telecommunication, Manufacturing, Transportation & Logistics and Others) and Region - Forecast to 2027Market HighlightsThe adoption of bringing your own device (BYOD) management platforms have been facilitated with the help of cloud services.
BYOD is an approach that allows employees to perform official tasks on their devices such as smartphones, laptops, tablets, and others using an enterprise’s corporate network.
The Global Server Virtualization Market has been analyzed across key geographies, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Moreover, the presence of established companies such as Microsoft Corporation, Google, Oracle Corporation, Red Hat Inc., and Amazon Web Services Inc. is one of the driving factors for the growth of the market in this region.
However, Asia-Pacific is the fastest-growing economy in the global market due to its benefits, such as converting physical servers into virtual servers, thus reducing the number of physical servers and achieving huge savings in power and cooling costs.
Furthermore, Asia-Pacific is one of the biggest markets for the IT & telecom industry, followed by electronics and semiconductors, manufacturing, automotive, and BFSI.
