Dublin, March 08, 2019 (GLOBE NEWSWIRE) -- The "Application Virtualization Market by Component (Solutions and Services), Deployment Model, Organization Size, Vertical (BFSI, Healthcare, Government and Defense, Education, Construction, and IT and Telecom), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The application virtualization market size is expected to grow from USD 2.2 billion in 2018 to USD 4.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) 14% during the forecast period.
Providing solutions for lengthy application installation process with improved security and simplifying the management of the overall application life cycle are the major growth factors for the application virtualization market. However, the graphics intensive application, which cannot be virtualized may restrain the growth of the application virtualization market.
Application virtualization services to drive the overall growth of the market
Application virtualization solutions have become a crucial and integral part of several successful and large organizations, as companies struggle to provide access of the same application to its number of employees. It helps in providing various applications to improve portability, manageability, and compatibility of a virtual infrastructure.
The implementation of application virtualization solutions would help organizations strengthen their operation policies, thus save cost and time, and provide a great value proposition for organizations, as well as their clients in the long run.
BFSI vertical to hold the largest market size during the forecast period
The Banking, Financial Services and Insurance (BFSI) vertical offers significant growth opportunities for vendors in the application virtualization market, as this vertical is adopting digitalization at a rapid pace and needs to save Capital Expenditure (CAPEX) for other IT needs.
The increasing competition within the BFSI organizations to keep customers satisfied and enhance operational efficiencies is another concern of this vertical. Hence, resulting in the growing adoption of application virtualization solutions, as they offer the benefits of scalability and flexibility for using various applications on their virtual machine with increased cost savings, business continuity, and business agility.
North America to hold the largest market size and grow at the highest rate during the forecast period
North America is estimated to have the largest market size, among all the regions, in the application virtualization market, and the trend is expected to continue until 2023. North America is the most mature market in terms of adoption of application virtualization solutions.
The market growth in this region is primarily driven by the presence of large IT companies/users and rapid technological advancements, such as digitalization in the US and Canada. The presence of key players in application virtualization in the region is expected to be a major factor driving the market growth in North America.
Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.3.1 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Microquadrant Methodology
2.6 Assumptions for the Study
2.7 Limitations of the Study
3 Executive Summary
3.1 Attractive Growth Opportunities in the Application Virtualization Market
3.2 Market By Component, 2018
3.3 Market By Organization Size, 2018
3.4 Market By Vertical, 2018
3.5 Market Investment Scenario, 2018-2023
4 Market Overview and Industry Trends
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Need for Alternatives to the Lengthy Application Installation Process
4.2.1.2 Ability to Simplify the Application Life Cycle Management Process
4.2.2 Restraints
4.2.2.1 Application Security Concerns in Virtualized World
4.2.2.2 Performance Concerns Over Data Transfer and Retrieval From Multiple Locations
4.2.3 Opportunities
4.2.3.1 Increasing Demand for Virtualization
4.2.3.2 Increasing Adoption of Cloud-Based Technologies in SMEs
4.2.4 Challenges
4.2.4.1 Unawareness About Application Virtualization Technologies Among End Users
4.3 Use Cases
4.3.1 Healthcare
4.3.2 Manufacturing
4.3.3 Banking, Financial Services, and Insurance
4.4 Application Virtualization Architecture
5 Application Virtualization Market, By Component
5.1 Introduction
5.2 Solutions
5.2.1 Agent-Based Solution
5.2.1.1 Increasing Demand for User-Driven Automated Solutions to Drive the Growth of Agent-Based Application Virtualization Solution
5.2.2 Agentless Solution
5.2.2.1 Ease of Use, Mobility and Operational Uniformity of Using Agentless Virtualization Solution to Drive the Growth of the Application Virtualization Market
5.3 Services
5.3.1 Support and Maintenance Services
5.3.1.1 Increasing Deployment of Application Virtualization Solutions to Drive the Growth of Support and Maintenance Services
5.3.2 Training and Consulting Services
5.3.2.1 Demand for Training and Consulting Services to Stay Updated About Market Changes
6 Application Virtualization Market, By Deployment Model
6.1 Introduction
6.2 Public Cloud
6.2.1 Simplicity and Ease of Deployment to Drive the Demand for Public Cloud
6.3 Private Cloud
6.3.1 Need for Highly Secure Data With Centralized Storage Infrastructure to Drive the Market for Private Cloud Models
6.4 Hybrid Cloud
6.4.1 Increasing Demand for Security and Mobility to Drive the Market of Hybrid Cloud Models
7 Application Virtualization Market, By Organization Size
7.1 Introduction
7.2 Small and Medium-Sized Enterprises
7.2.1 Increasing Number of Startups Across Verticals to Lead the Demand for Application Virtualization Solutions in Small and Medium-Sized Enterprises
7.3 Large Enterprises
7.3.1 Increasing Number of Employees in Large Enterprises to Drive the Demand for Application Virtualization Solutions
8 Application Virtualization Market, By Vertical
8.1 Introduction
8.2 Banking, Financial Services, and Insurance
8.2.1 Presence of Sensitive Data and Stringent Regulations Across the BFSI Vertical to Drive the Market Growth
8.3 Healthcare
8.3.1 Application Virtualization Solutions to Enable Collaboration Between Healthcare Solution Providers and Clinicians, Colleagues, and Patients
8.4 IT and Telecom
8.4.1 Increasing Use of Digital Solutions Across IT and Telecom Vertical to Lead the Growth of Application Virtualization Solutions
8.5 Government and Defense
8.5.1 Requirement of a Simple, Cost-Effective, and Secure Solution Across Government and Defense Vertical to Drive the Application Virtualization Market Growth
8.6 Construction
8.6.1 Increasing Demand for Secure Login Access to All Data for Construction Professionals to Lead the Market Growth of Application Virtualization
8.7 Education
8.7.1 Increasing Use of Virtual Classes and Elearning Applications to Drive the Market of Application Virtualization Solutions in the Education Vertical
8.8 Others
9 Application Virtualization Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 Easy Availability of Technical Expertise to Drive the Growth of the US Application Virtualization Industry
9.2.2 Canada
9.2.2.1 Enabling Users to Procure Their Devices at Work to Drive the Adoption of Application Virtualization Solutions in Canada
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 Growing Focus of BFSI and Government Verticals on Providing Data Security to Drive the Adoption of Application Virtualization Solutions in the UK
9.3.2 Germany
9.3.2.1 Focus of Startups to Provide New Cloud-Based Technologies By Minimizing the Overall Cost to Drive the Adoption of Application Virtualization Solutions in Germany
9.3.3 France
9.3.3.1 Growing Need Among Enterprises for Improving Operational Efficiency to Drive the Growth of the Market in France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.1.1 Growing Need to Provide Efficient Application Delivery to Drive the Adoption of Application Virtualization Solutions in Japan
9.4.2 India
9.4.2.1 Implementation of Effective Desktop Virtualization Solutions in the Banking Sector to Drive the Growth of the Market in India
9.4.3 China
9.4.3.1 Adoption of Latest Cloud-Based Technologies By Key Local Players to Drive the Adoption of Application Virtualization Solutions in China
9.4.4 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.1.1 Focus Among Verticals, Such as BFSI and IT and Telecom, for Providing Good End-User Experience to Drive the Adoption of Application Virtualization Solutions in Brazil
9.5.2 Mexico
9.5.2.1 Adoption of Virtualization Solutions By Government Organizations to Drive the Growth of the Market in Mexico
9.5.3 Rest of Latin America
9.6 Middle East and Africa
9.6.1 United Arab Emirates
9.6.1.1 Growing Need to Provide Robust Web and Mobile Applications to Drive the Growth of the Market in the UAE
9.6.2 South Africa
9.6.2.1 Digital Transformation Initiatives in the Banking Sector to Drive the Adoption of Application Virtualization Solutions in South Africa
9.6.3 Rest of Middle East and Africa
10 Competitive Landscape
10.1 Overview
10.2 Competitive Scenario
10.2.1 New Product Launches/Product Enhancements
10.2.2 Partnerships, Agreements, and Collaborations
10.2.3 Mergers and Acquisitions
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic
10.3.4 Emerging
11 Company Profiles
11.1 Introduction
11.2 Microsoft
11.3 Symantec
11.4 VMware
11.5 Citrix Systems
11.6 Red Hat
11.7 Oracle
11.8 Dell
11.9 NComputing
11.10 Google
11.11 Micro Focus
11.12 Parallels International
11.13 Systancia
11.14 Sangfor Technologies
11.15 Nextaxiom Technologies
11.16 Accops
For more information about this report visit https://www.researchandmarkets.com/research/xbnbbp/the_global?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.