The mobile virtualization market size is projected to develop at a healthy CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. Mobile virtualization, simply put, is a technology that is used by companies to install multiple virtual machines on a smartphone or mobile device. It includes the virtualization of mobile devices’ hardware to operate more than a single operating system on a single mobile device simultaneously. It works on different technologies such as application container, mobile device management, and hypervisor and is used in different industries, including media and entertainment, banking and insurance, healthcare, retail, telecom, IT, and others. Consumer and enterprise are its different applications.
Various factors are propelling the global MVP market share. According to the recent MRFR report, such factors include the need to boost employee efficiency and improve security provided by mobile virtualization, cost savings, rising adoption of smartphones, growing need to safeguard data of devices, increasing adoption of cloud-based virtual desktop infrastructure solutions, risk of data theft, fraudulent attacks, and cyber-attacks for the rise in digitization, and the emergence of workspace-as-a-service.
On the contrary, compatibility and performance issues, coupled with the impact of the COVID-19 outbreak, may deter the global mobile virtualization industry growth over the forecast period.
The MRFR report highlights an inclusive segmental analysis of the global mobile virtualization market based on application, industry, and technology.
By technology, the global mobile virtualization market is segmented into application container, mobile device management, and hypervisor. Of these, the hypervisor segment will lead the market over the forecast period.
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By industry, the global mobile virtualization market is segmented into media and entertainment, banking and insurance, healthcare, retail, telecom, IT, and others. Of these, the retail and media & entertainment segment will dominate the market over the forecast period, and healthcare sector will grow at the highest CAGR over the forecast period.
By application, the global mobile virtualization market is segmented into consumer and enterprise. Of these, the consumer sector will command the largest share in the market over the forecast period.
By region, the global mobile virtualization market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, North America will have the lions share in the market over the forecast period. A higher concentration of mobile virtualization vendors, rising penetration of smartphone penetration, and increasing use in the consumer electronics industry to improve service levels, increase business flexibility, and save costs are adding to the global mobile virtualization market growth in the region.
The global mobile virtualization market in the APAC region is predicted to grow at a fast pace over the forecast period. South Korea, Australia, and China working with mobile service providers to cut down security vulnerabilities in a mobile network with mobile virtualization, and the region being the hub of semiconductor and electronics manufacturing that results in a rise in network visibility and low cost of hardware are adding to the global mobile virtualization market growth in the region.
The global mobile virtualization market in Europe is predicted to have sound growth over the forecast period, and in the Rest of the World is predicted to have steady growth over the forecast period.
Leading contenders profiled in the global mobile virtualization market report include Amazon.com, Inc (U.S.), Google LLC (U.S.), Red Hat, Inc (U.S.), AT&T Inc (U.S.), BlackBerry Limited (Canada), Harman International Industries, Inc (U.S.), Citrix Systems, Inc (U.S.), Microsoft Corporation, Oracle Corporation (U.S.), CA Technologies (U.S.), VMware, Inc (U.S.), and IBM Corporation (U.S.).
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