Application Virtualization Market Set for Rapid Growth by 2024

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Global Application Virtualization Market: Overview

Application virtualization technology helps deploy the applications installed on the client computer without having to install it on the end-user computer which in turn replaces runtime environment. Application virtualizations help install, upgrade, and repair the applications for an entire hub rather than an individual computer. These virtualized resources can be easily accessed by the end-users.

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Global Application Virtualization Market: Growth Factors

The technical improvements and the current trend have resulted in the use of cloud-based computing services as a third platform of computing. The third platform has been implemented with a common internet file system which acts as a mode of communication between the nodes on a network. The CIFS is used to provide access to files, printers, serial ports, and others. This technical communication network is expected to be the factor responsible for escalating the growth of the global application virtualization market. Due to the wide use of the cloud-based services, the security threat regarding the breaching of the confidential data or emails is the major factor restraining the global market. Additionally, the lack of awareness among the public regarding the use of technological advancement in the computing field is the other factor challenging the global market growth. The growing use of smartphone and computer devices among the masses boosts the global market growth.

Global Application Virtualization Market: Segmentation

The application virtualization market is bifurcated based on application, technology, platform, end-user, vertical, and region. The application segment is divided into application management, security virtualization, and business functionalities (such as enterprise resource planning), digital asset system, content management system, supply chain management, and others. The application management subsegment is further categorized into portal monitoring, database monitoring, server monitoring, system management, and others. The technology segment is classified into driver isolation,  NcomputingNet isolation, application isolation, file I/O redirection, service isolation, component object isolation, and others. The platform segment is bifurcated into hypervisor platform, analytical framework virtualization, Virtualized X86 Platforms, and others. The vertical segment is categorized into retail, manufacturing, automotive, IT and Telecom, healthcare, government, academia and research, banking, financial services, and insurance. The end-user segment is divided into SMBs and enterprises.

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Global Application Virtualization Market: Regional Analysis

At present, North America dominates the global application virtualization market in terms of revenue. Western Europe is also expected to be the next leading market around the globe. Asia-pacific excluding Japan also attributes create a huge market for the key players in the application virtualization industry.

Global Application Virtualization Market: Competitive Players

The major players in the application virtualization market include Oracle Corporation, Microsoft Corporation, Red Hat Inc., VMWa Computing, Symantec Corporation, Citrix systems, Inc., Google, SAP SE, Dell, Inc., and a number of other companies. These companies adopt various strategies such as joint ventures, agreements, contracts, mergers, and acquisitions in order to reach a standard position in the global market.

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