Mobile Virtualization Market Size, Industry Analysis Report, Regional Analysis, Application Area Opportunities, Competitive Market Growth & Forecast, 2021 – 2027
Report ID: GMI827
Mobile Virtualization Market size is estimated to be valued around USD 6 billion by 2024, growing at over 20% CAGR from 2016 to 2024.
The increasing need to isolate work & personal data, high level of security, and robustness of mobile applications will catapult mobile virtualization market demand from 2016 to 2024. Moreover, flourishing mobile industry, increased flexibility, and security offered by these systems may positively impact the industry demand.
Surging adoption of smartphones to access enterprise applications may drive the mobile virtualization market share over the forecast timeline. In addition, the growing consumer demand for safe and secure network interfaces to access applications from a remote location will positively impact the industry growth. These solutions offer a high efficiency to deal with the current environment and demonstrate the ultimate capability to scale with the dynamic requirements as an enterprise’s IT environment demands change with time. The integration of virtualized environments on mobile phones and enhanced safety features incorporated into virtualized solutions may boost the industry demand from 2016 to 2024.
The need for high-speed internet connectivity and limited adoption of mobile devices may hamper the mobile virtualization market size. The minimal support from vendors for operating systems, such as iOS and Windows, may hinder industry demand. The disparity in internet connectivity is another restricting factor that affects the market growth.
Based on technology, the mobile virtualization market can be categorized into hypervisors, application containers, and mobile device management policies. The hypervisor segment can be further segmented into hosted virtualization and bare metal virtualization. The application containers segment is predicted to witness attractive growth prospects through the forecast timeline owing to its lightness, less storage and processing capabilities when compared to virtual machines. In addition, it provides high speed and ensures direct access to the device. This could result in its extensive adoption across various firms.
Hypervisor technology enables an organization in enhancing performance, cost reduction, and complex environmental management. Small and medium enterprises' increasing focus on hypervisors for their data services owing to the ease-of-installation and usage also acts as another driver. Hypervisors are used in data services for cloning and data replication and are reliable, efficient, and affordable in terms of usage.
Based on organization, the industry can be segmented into small, medium, and large enterprises. Small & medium enterprises are anticipated to demonstrate potential growth rates owing to the improved efficiency offered and low operational cost as they ensure less hardware usage. Cost-effectiveness is a prime concern for SMEs owing to its constrained budget of small businesses, making them difficult to carry their trade effectively and gain prominence.
Based on the verticals, the mobile virtualization market can be segmented into retail, entertainment & media, manufacturing & supply chain management, BFSI, IT & telecom, healthcare & life sciences, public sector & education, and energy & utility and others
The retail, media, and entertainment segment is anticipated to dominate the mobile virtualization market over the next eight years. The growth in the segment can be credited to the rising security and privacy issues across the globe. These solutions enhance the retailers’ ability to manage a varied mobile fleet, increased customer engagement, enhanced store operations, and increased efficiency and connectivity of the workforce.
The life sciences & healthcare segment is predicted to grow at a tremendous rate during the forecast period owing to the rising application of the technology in maintenance and distribution of Electronic Health Records (EHR) among different specialists, doctors, and facilities.
The Asia Pacific mobile virtualization market size is fueled by the low cost of hardware and an increase in network visibility & flexibility enabled by the technology. Countries, such as India, Myanmar, Hong Kong, and South Korea, are working with service providers to reduce security vulnerabilities in the network through virtualization. Furthermore, the rising adoption of high-end mobile devices is likely to drive the industry demand from 2016 to 2024.
The U.S. mobile virtualization market share is estimated to account for substantial revenue due to the escalating usage of mobile devices. In addition, organizations across the region have adopted the virtualization technology to ensure cost efficiency, increase business flexibility, and enhance service levels.
Key players operating in the mobile virtualization market include IBM Corporation, VMware, CA Technologies, and Oracle Corporation. Other prominent partners include Microsoft Corporation, Citrix Systems, Harman International Industries, Blackberry Limited, AT&T, Cellrox, Red Hat, Google, Amazon, Parallels, and Nimboxx.
The industry is categorized by frequent mergers and acquisitions, innovations, and new product developments. For instance, in November 2014, IBM launched desktop-as-a-service, a new mobile virtualization service. This service extends entire virtualization capabilities from the conventional PC to the mobile device, thereby turning an enterprise’s workforce into its greatest assets.
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