PUBLISHER: The Business Research Company | PRODUCT CODE: 1392785
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392785
“Mobile Virtualization Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mobile virtualization market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mobile virtualization? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mobile virtualization market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Mobile virtualization involves the division of mobile hardware into different logical devices and components. This technology facilitates the concurrent operation of multiple users on a single mobile device by hosting diverse operating systems (OSs) simultaneously. Its primary purpose is to enhance the capabilities of mobile devices, with predominant use in IT and cloud-based companies.
The key technologies in mobile virtualization encompass hypervisors, application containers, mobile device management, and others. A hypervisor enables a single host computer to support multiple guest virtual machines, effectively sharing resources like memory and processing. Organizations of various sizes, including large enterprises and small to medium enterprises, make use of mobile virtualization. The applications span across enterprise and consumer domains and find utility in sectors such as retail, media and entertainment, energy and utilities, BFSI, IT and telecom, among others.
The mobile virtualization market research report is one of a series of new reports from The Business Research Company that provides mobile virtualization market statistics, including mobile virtualization industry global market size, regional shares, competitors with a mobile virtualization market share, detailed mobile virtualization market segments, market trends and opportunities, and any further data you may need to thrive in the mobile virtualization industry. This mobile virtualization market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The mobile virtualization market size has grown rapidly in recent years. It will grow from $7. 76 billion in 2023 to $9. 23 billion in 2024 at a compound annual growth rate (CAGR) of 18. 9%. The expansion observed in the historical period can be linked to factors such as device fragmentation, customization and personalization, requirements for testing and development environments, heightened security needs, and the support for legacy applications.
The mobile virtualization market size is expected to see exponential growth in the next few years. It will grow to $19. 33 billion in 2028 at a compound annual growth rate (CAGR) of 20. 3%. The anticipated growth in the forecast period is associated with secure access to corporate resources, the prevalence of flexible work environments, ongoing digital transformation initiatives, an extended lifecycle for legacy devices, and a heightened focus on mobile security.
The growth of the mobile virtualization market is anticipated to be driven by the increasing adoption of cloud-based solutions. Cloud-based solutions, which encompass software, services, and resources delivered over the internet and hosted on remote servers, as opposed to local servers or personal computers, play a crucial role in mobile virtualization. This technology enables the installation of multiple operating systems on a single mobile device, facilitating multi-functionality and allowing users to access enterprise computer systems from nearly any device. For example, Eurostat reported a 5-percentage point increase in the use of cloud computing by EU enterprises in 2021, reaching 41%. This growth is primarily attributed to activities such as hosting e-mail systems and storing files electronically. Consequently, the surge in cloud-based solution adoption is a key factor propelling the mobile virtualization market.
The mobile virtualization market is expected to experience growth due to the rising adoption of smartphones. Smartphones, electric devices providing cellular network connectivity with touchscreen interfaces and computer-like operating systems, benefit from mobile virtualization by enabling low-cost manufacturing through software reuse. The increasing popularity of smartphones is driving the demand for mobile virtualization. In 2021, the National Health Authority of India reported 1. 18 billion mobile connections, 600 million smartphones, and 700 million Internet users in India, with a quarterly increase of 25 million. This trend underscores the impact of growing smartphone adoption on the mobile virtualization market.
A notable trend in the mobile virtualization market is the emergence of strategic collaborations among companies. To enhance their market share, mobile virtualization companies are actively engaging in strategic collaborations and partnerships. For instance, in December 2023, Rakuten Mobile partnered with the New Energy and Industrial Technology Development Organization (NEDO) to conduct research and development for the commercial deployment of fully virtualized 5G standalone mobile network radio access network equipment. This collaboration aimed to leverage general-purpose hardware and cloud technology, improving performance and expanding network capabilities through virtualization technologies like 5G SA and RAN slicing.
Leading companies in the mobile virtualization market are focusing on introducing advanced virtual and physical spaces to drive innovation in mobile virtualization technologies. These spaces serve as collaborative environments where companies and ecosystem partners collaborate to advance virtualized network technologies, including virtualization, management, and orchestration. For instance, in March 2021, Ericsson launched the Ericsson Open Lab, providing a real and virtual environment for collaborative innovation in virtualized 5G Radio Access Networks (RAN) technologies. This initiative facilitates rapid, interactive co-creation and collaboration with ecosystem partners and communication service providers, aiming to enhance automation, reduce manual involvement, and explore novel deployment and 5G use-case scenarios. The lab's focus on investigating Open RAN technologies, including virtualization, management, and orchestration, underscores its commitment to driving innovation in the mobile virtualization space.
Major companies operating in the in the mobile virtualization market report are International Business Machines Corporation, VMware Inc., CA Technologies Inc., Oracle Corporation, Microsoft Corporation, Citrix Systems Inc., Blackberry Limited, AT&T Inc., CellROX Technologies Ltd., Open Kernel Labs Inc., Google LLC, Parallels International GmbH, NIMBOXX Inc., Red Bend Software Inc., Motorola Inc, Red Hat Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Dell Technologies Inc., Cisco Systems Inc., Fujitsu Limited, Telefonaktiebolaget LM Ericsson, Lenovo Group Limited, Nokia Corporation, Samsung Electronics Co. Ltd., LG Corporation, High Tech Computer Corporation, Apple Inc., Xiaomi Corporation, Oppo Mobile Telecommunications Corp. Ltd., Vivo Communication Technology Co. Ltd., OnePlus Technology Co. Ltd., Realme Chongqing Mobile Telecommunications Corp. Ltd.
North America was the largest region in the mobile virtualization market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobile virtualization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the mobile virtualization market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The mobile virtualization market includes revenues earned by entities by providing desktop as a service, desktop subscription service, workspace-as-a-service. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.