PUNE, India, August 24, 2015 /PRNewswire/ --
According to a new market research report, "Application Virtualization Market by Types (ERP, CRM, Hypervisor Security), Platform (OS and Software Development Virtualization), and Technology, Service (Integration, Professional Services); End User, Vertical; Regions - Global Forecast to 2020", published by MarketsandMarkets, Application Virtualization Market is expected to grow from USD 1.3 Billion in 2015 to USD 2.6 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 14.9%.
Browse 127 Tables and 66 Figures spread through 184 Pages and in-depth TOC on "Application Virtualization Market"
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The market report segments the global market on the basis of applications, platforms, technologies, services, end users, verticals, and regions, along with providing in-depth analysis and revenue forecasts
The report also identifies the drivers, restraints, and opportunities prevalent in the market and provides burning issues along with premium insights for the market. The detailed analysis of the key players included in the report provides insight on their products and services, strategies, and recent developments associated with the Application Virtualization Market.
Today, due to the presence of diverse operating systems a new problem has emerged for computer and smartphone users, which is the portability of applications. One application developed under one operating system cannot be executed on another operating system. Therefore, to provide the operating environment, the user either needs to purchase a completely new set of device with native operating system or restart the device to switch to the native operating system, but both the solutions are not desirable.
There is a need for an interface which could provide an operating environment to the application running on a non-native operating system. This interface is called application virtualization. Application virtualization basically consists of four primary modules: input/output interface, graphics interface, hardware interface, and library functions interface. Secondary modules include multi-user support, security, application isolation, communication between guest and host applications, access to remote services, and such.
The companies are focusing on new product launch and product enhancement as the key strategy. Various Tier-1 companies have acquired small businesses for their inorganic growth. Additionally, enterprises are spending a respectable proportion of their revenue on research and development for the organic growth of their companies.
Further, the market remains competitive with the entry of niche players. These players provide products and services, thereby increasing their market bargain capability among the large vendors. The major vendors in the Application Virtualization Market are Microsoft Corporation, Symantec Corporation, VMWare, Inc., Citrix systems, Inc., Red Hat Inc., Oracle Corporation, SAP SE, Google, Dell, Inc., Ncomputing, and many others.
According to MarketsandMarkets' research, the global Application Virtualization Market is expected to grow from USD 1.3 Billion in 2015 to USD 2.6 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 14.9%. In the current scenario, North America is expected to be the largest market on the basis of spending and adoption of application virtualization solutions, while the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period.
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