The global virtualization software market size reached USD 81.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 364.8 Billion by 2033, exhibiting a growth rate (CAGR) of 17.2% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 81.6 Billion |
Market Forecast in 2033
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USD 364.8 Billion |
Market Growth Rate (2025-2033) | 17.2% |
Virtualization software refers to an advanced solution that stimulates the abstraction layer over the physical hardware for enabling organizations to operate two or more virtual operating systems (OS) in a single platform. It offers flexibility, scalability, reliability, and optimal security, due to which it is used for disaster recovery, reducing downtime, enhancing productivity, performing instant provisioning, and optimizing overall work efficiency. On account of these properties, virtualization software finds extensive application in various industrial segments. At present, it is commercially available in varying types, such as network, storage, application, and hardware virtualization.
The widespread adoption of virtualization software across various industrial verticals, such as information technology (IT), telecom, retail, corporate and banking, financing, servicing, and insurance (BFSI) sectors for optimizing data security represents the key factor driving the market growth. In line with this, the sudden outbreak of coronavirus disease (COVID-19) pandemic across the globe has prompted organizations to adopt bring your own device (BYOD) and work-as-a-space (WaaS) corporate models for maintaining the ongoing business operations, which is acting as another growth-inducing factor. Additionally, significant technological advancements and the introduction of network function visualization (NFV) and virtual customer premises equipment (vCPE) solutions for leveraging information technology (IT) virtualization technologies at reduced costs are contributing to the market growth. Besides this, the advent of cloud services has further facilitated the need for virtualization software applications to enhance communication and meet the evolving network needs across organizations. This, in turn, is supporting the market growth. Other factors, such as the proliferating sales of smart devices, the emergence of the fifth generation (5G) network and the escalating investments in the research and development (R&D) activities for launching advanced web-related solutions, such as fiber and broadband, are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global virtualization software market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on platform and type.
Breakup by Platform:
Breakup by Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon.com Inc., Citrix Systems Inc., Datadog, Google LLC, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, Nutanix Inc., Oracle Corporation, Parallels International GmbH (Corel Corporation), SolarWinds Corporation and VMware Inc.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Platform, Type, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Amazon.com Inc., Citrix Systems Inc., Datadog, Google LLC, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, Nutanix Inc., Oracle Corporation, Parallels International GmbH (Corel Corporation), SolarWinds Corporation and VMware Inc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global virtualization software market was valued at USD 81.6 Billion in 2024.
We expect the global virtualization software market to exhibit a CAGR of 17.2% during 2025-2033.
The introduction of cloud services that improve communication and meet the evolving need for networks across organizations is primarily driving the global virtualization software market.
The sudden outbreak of the COVID-19 pandemic has led to the growing deployment of virtualization software by enterprises to maintain their ongoing business operations, during the remote working and Bring Your Own Device (BYOD) models.
Based on the platform, the global virtualization software market has been segregated into PC terminal and mobile terminal. Currently, PC terminal holds the largest market share.
Based on the type, the global virtualization software market can be bifurcated into storage virtualization, application virtualization, network virtualization, hardware virtualization, server virtualization, OS virtualization, and others. Among these, storage virtualization exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global virtualization software market include Amazon.com Inc., Citrix Systems Inc., Datadog, Google LLC, Huawei Technologies Co. Ltd., International Business Machines Corporation, Microsoft Corporation, Nutanix Inc., Oracle Corporation, Parallels International GmbH (Corel Corporation), SolarWinds Corporation, and VMware Inc.