Virtualization refers to the formation of a virtual computing resource like a computer, server, or other hardware modules, or a software-based resource like an operating system. The most popular example of virtualization is separating a hard disk through OS installation, where the physical hard drive is divided into numerous logical disks to offer superior data storage and recovery (a type known as 'data virtualization').
Virtualization is the concept of IT resources that hides the physical environment and boundaries of those resources from users.
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Market Overview
The Virtualization Software Market is projected to reach US $ 33.76 billion by 2025, at a compound annual growth rate (CAGR) of 15.2%. Virtualization supports in improved recovery of enterprises throughout man-made or natural disasters. It permits for different and fewer hardware at the disaster recovery site. Therefore, it enables easier failover and recovery.
The best virtualization software market is likely to gain from the move that the organizations are making to cut energy consumption, enhance hardware efficiency, and improve sustainability with the help of virtualization.
According to Spiceworks, application virtualization is likely to witness the highest growth among virtualization technologies with implementation projected to increase from 39% in 2019 to 56% by 2021. As compared to small businesses, double as many enterprises have implemented application virtualization.
The ease of handling the IT infrastructure and its elements, both hardware and software, has improved the usage of virtualization solution among the end-users. The advent of cloud services has further enhanced the best virtualization software applications in the hardware virtualization segment. Communication and networking needs have increased the demand for network virtualization in the worldwide market.
The network virtualization market is likely to get more attention from the solution providers with the emphasis on 5G introduction in services, throughout the world. Broadband, fiber network, and other comparable network related solution offer a new prospect for the players in the market.
Owing to the outbreak of COVID 19 pandemic, many companies are urging employees to work from home, which is turning out to be useful for the vendors. This is possible due to rising number of customers and organizations are approaching to these vendors for guidance and support, to allow secure remote-work initiatives, that makes sure the safety and productivity of their employees and to preserve ongoing business operations during this emerging global crisis.
For example, from past few weeks, Citrix has published remote work best-practices and examples from customers across the globe using its virtualization and workspace software solutions to ensure safe and reliable remote access to the software applications.
Storage Virtualization to expand at a substantial rate
Virtualizing the storage has become obligatory, since many enterprise resources are decentralizing and rising in volume. It is also known virtual SAN or Software Defined Storage.
Storage virtualization can permit many storage units to be merged in one. Moreover, it can eliminate any physical storage in view. It is supportive for the organizations, that pay extra in hardware or for the companies who cannot meet SLA, owing to lack of storage facilities.
As per DOMO's Data Never Sleeps 6.0 Report, Amazon dispatched around 1,111 packages per minute, the Weather Channel collected nearly 180,55,555 forecast requests per minute, and Google performed approximately 38,77,140 requests per minute in 2018. To store the growing amount of data, hardware devices are insufficient.
Storage virtualization products, like IBM's SAN Volume Controller (SVC) and Hitachi Data Systems Corp.'s USP V, state to virtualize various types and brands of storage systems, making them possibly helpful to companies that have undertaken a merger or acquisition.
The market for the best virtualization software is mainly dominated by key players, like VMware, Oracle, and Microsoft, which provide virtualization software utilized by all large and small enterprises. Collaborations, like Dell with Microsoft and VMware, permit easier IT operations.
March 2020 - Microsoft has declared the acquisition of Affirmed Networks, a startup that provides fully virtualized, cloud-native mobile network software solutions. Microsoft intends to combine Affirmed Networks’ technology into Microsoft Azure to allow the telecommunications business implement and maintain 5G networks through the cloud instead of just hardware and software.
December 2019 - Red Hat, Inc., revived the FIPS 140-2 security validations for Red Hat Enterprise Linux 7.6. Determined by the NIST (National Institute of Standards and Technology), FIPS 140-2 is a computer security standard that identifies the needs for cryptographic modules. Red Hat Virtualization also uses the FIPS 140-2 re-validated cryptography component.
