Global Application Virtualization Market 2015 – Forecasts to 2020 with Microsoft, Symantec, VMware, Citrix Systems & Red Hat Dominating the $2.6 Billion Industry
Research and Markets has announced the addition of the “Application Virtualization Market by Types (ERP, CRM, Hypervisor Security), Platform (OS and Software Development Virtualization), Technology, Service (Integration, Professional Services), End User, Vertical & Regions – Global Forecast to 2020” report to their offering.
The global application virtualization market is expected to grow from USD 1.3 Billion in 2015 to USD 2.6 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 14.9% from 2015 to 2020.
The key players of this market are Microsoft Corporation, Symantec Corporation, VMware, Inc., Citrix Systems, Inc., and Red Hat, Inc.
The most serious concern of today’s IT industries is to minimize the maintenance cost and maximize productivity. To achieve this, it is important for an industry to optimally use its resources. There are diverse operating systems available in the market with their own set of operating environment, features, file system, registry, support to the applications, etc. This prevents the use of an application developed considering a specific operating system to be executed on another. To use such applications one need to switch among the operating systems that support the application. This is a very tedious task for the user. Application virtualization is the solution to this problem. It allows the execution of an application under a non-native operating system. It acts as an interface between the two.
Application virtualization basically translates the machine code of the application written according to its native operating system into the machine code of the non-native operating system where it is intended to be executed by the user. At the core of application virtualization, there are four important modules: input/output interface, graphics interface, hardware interface, and library functions interface. The main drivers of the market include the adoption of third platform among SMBs, decrease in administering cost of IT systems, licensing & support policies, and increase in speed & efficiency.
The global application virtualization market has been segmented on the basis of applications, platforms, technologies, services, end users, verticals, and regions. The types of applications are application security virtualization, business function as a service, and virtual application management; the platform types include native platform virtualization and full platform virtualization, and the technology types include file I/O redirection, registry redirection, com isolation, dot net isolation, service isolation, application isolation, and driver isolation.
The services that are covered in this report are application integration, support and maintenance, and professional services. The report covers SMBs and enterprises as end users of this particular market. The verticals that use the application virtualization solutions extensively are Banking, Financial Services, and Insurance (BFSI), healthcare, telecom & IT, automotive, academia & research, retail, manufacturing, and government.
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