What is the future of the Application virtualization market?
Application Virtualization is a technology specially meant for encapsulating an application from the underlying operating system. It reduces systems integration and administration costs. It’s an effective way for every organization and its IT department to implement and maintain its desktop applications. Market survey shows that the primary benefit of this application is that it administers the need to install the software once to a centralized server rather than multiple desktops. It makes it possible to run applications that might conflict with a user’s desktop application. It facilitates more rapid application deployment and allows easier tracking of license usage, which saves the license costs.
Various end-users of application virtualization apps comprise of BFSI, IT & Telecom, Government, Healthcare, Education, and others. Through the market survey and analysis, it is analyzed that North America is the dominant region in the market, owing to the high technological advancements in the United States.
Every IT department needs to deliver a wide variety of apps for a large number of users which creates compatibility issues and obstacles for delivery and data collection services. Thus, Application virtualization allows every user to create a self-contained virtual app. It controls and manages the creation of this virtual structure. Some of the products of application virtualization such as Numecent Cloudpaging allows for only an ‘integrated’ virtual structure. It is one of the key technologies available for IT when it comes to application delivery and deployment.
The per-user cost of application virtualization solutions varies massively from solutions to solutions. An increase in the adoption of cloud-based technologies in SMEs, along with the increasing demand for virtualization is creating lucrative growth opportunities for this market. Unawareness about application virtualization technologies and significant security concerns is likely to generate hindrance for the growth of this market.
According to Market Research Expert one of the primary factors which are driving the growth of this market includes the need for alternatives to the lengthy application process and the ability to simplify the application of the life cycle management process.
According to an estimate by the best market research company, it is anticipated that the global market size of application virtualization will reach a value of USD4.4 Bn by 2023 from USD2.2 Bn in 2018 growing at a CAGR of 14.0% during the forecasted years 2019-2023.
