Mobile Virtualization Market Driven by the Increasing Adoption of M2M technology

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Mobile Virtualization Market.

Market Overview

In its research study, Market Research Future (MRFR), emphasizes that over the review period, the global market 2023 is projected to develop exponentially, securing a significant market valuation and a healthy CAGR. The mobile virtualization industry is anticipated to grow from USD 7.36291 Billion in 2024 to USD 28.43 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of18.40% during the forecast period (2024 - 2032).

Drivers and Restraints

The factors that continue to contribute to the growth of the market for mobile virtualization are machine to machine technology advancements. Increasing cyber-attack threats, malware attacks, and data theft due to increased digitization is the key factor driving global market growth. Additionally, the rising use of smartphones and other apps allowed by technology is creating greater demand for mobile virtualization. Additional major factor fueling the growth of the demand for mobile virtualization is the increasing proliferation of smartphones and related apps, such as social media, banking, entertainment, gaming, all operating under a single platform. The industry developments for mobile virtualization include a rise in need to improve employee productivity and enhance the protection provided by mobile virtualization are some of the major factors driving market growth.

Segmental Analysis

The global mobile virtualization market is segmented on the basis of industry, technology, application, and region.

On the basis of technology, the market is segmented into the hypervisor, mobile device management, and application container. Among these technologies, hypervisor technology has the largest market share and is slated to grow at a fast pace.

On the basis of industry, the market is segmented into IT, banking & insurance, entertainment, telecom, retail, healthcare, media & and many others. The media & entertainment and retail segment has the largest market share out of these, as these sectors comprise much of the consumer electronics industry. However, during the forecast era, the healthcare and life sciences sector is expected to grow to the highest CAGR.

The market is segmented into business and customer upon implementation. The consumer sector has the largest market share out of these, and is projected to experience the highest growth rate over the forecast period. Nevertheless, it is expected that the business sector will show decent growth.

Regional Analysis

The global business regional analysis was conducted in four major regions including Asia Pacific, North America, Europe and the rest of the world.

The highest market share holds in North America. It is due in large part to the higher concentration of mobile virtualization vendors in this geography. Increasing smartphone penetration is also contributing to the growth of the demand for mobile virtualisation. Most North American companies have embraced mobile virtualization technologies, like consumer electronics, to save on costs, increase business efficiency, and boost service rates.

By contrast, Asia Pacific is expected to climb to the highest CAGR during the forecast period. Asia Pacific also involves countries such as China, Australia, South Korea and several others partnering with mobile service providers to reduce mobile network security vulnerabilities by virtualizing mobile devices. In addition, Asia Pacific is the center of manufacturing of electronics and semiconductors, making up low hardware costs and rising network visibility. In addition, rising urbanization, low labor and hardware costs, and increasing corporate adoption of BYOD programs, especially in China, India, and South Korea's developing economies; Due to already developed organizations and industrial sectors, Europe is expected to show respectable growth in the mobile virtualisation industry.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are IBM Corporation (U.S.), Oracle Corporation (U.S.), VMware, Inc (U.S.), CA Technologies (U.S.), Microsoft Corporation, Red Hat, Inc (U.S.), Citrix Systems, Inc (U.S.), Harman International Industries, Inc (U.S.), AT&T Inc (U.S.), BlackBerry Limited (Canada), Google LLC (U.S.), Amazon.com, Inc (U.S.) among others.