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Global application virtualization market to grow to $2.6 billion by 2020

Application virtualization market to grow globally

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Sonal Desai
New Update
Application economy

MUMBAI, INDIA: The global application virtualization market is expected to grow from $1.3 billion in 2015 to $2.6 billion by 2020, at an estimated compound annual growth rate (CAGR) of 14.9 percent from 2015 to 2020, according to a survey by Research and Markets.

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What is application virtualization?

Application virtualization basically translates the machine code of the application written according to its native operating system into the machine code of the non-native operating system where it is intended to be executed by the user. At the core of application virtualization, there are four important modules: input/output interface, graphics interface, hardware interface, and library functions interface.

The need for virtualization:

The global application virtualization market has been segmented on the basis of applications, platforms, technologies, services, end users, verticals, and regions. The types of applications are application security virtualization, business function as a service, and virtual application management; the platform types include native platform virtualization and full platform virtualization, and the technology types include file I/O redirection, registry redirection, com isolation, dot net isolation, service isolation, application isolation, and driver isolation.

Drivers:

The main drivers of the market include the adoption of third platform among SMBs, decrease in administering cost of IT systems, licensing & support policies, and increase in speed & efficiency.

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Vertically driven:

The verticals that use the application virtualization solutions extensively are banking, financial services and insurance (BFSI), healthcare, telecom & IT, automotive, academia & research, retail, manufacturing and government.

Challenges:

The most serious concern of today's IT industries is to minimize the maintenance cost and maximize productivity. There are diverse operating systems available in the market with their own set of operating environment, features, file system, registry, support to the applications, etc.

This prevents the use of an application developed considering a specific operating system to be executed on another. To use such applications one need to switch among the operating systems that support the application. This is a very tedious task for the user. Application virtualization is the solution to this problem. It allows the execution of an application under a non-native operating system. It acts as an interface between the two.

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