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Market OverviewMobile virtualization refers to mobile devices that run multiple operating systems with an objective to enable multifunctionality. This category of devices is gradually gaining popularity and can be applied across several sectors for wide variety of applications. Market Research Future has conducted a meticulous study on the worldwide mobile virtualization market. The study included various important findings along with the estimated CAGR of 18% at which the market is likely to grow over the assessment period of 2017 to 2023. Developing at a highly promising rate, the market is estimated to generate an approximate revenue of USD 6 bn by the conclusion of 2023. Rapid progressions in machine to machine technology has introduced advancement in the mobile virtualization market, while enabling rapid adoption of the same. Mobile virtualization makes use of a hypervisor to categorize software and hardware securely. This has significant applications as it supports the increasing popularity of the enterprise policy of bringing your own device (BYOD). Mobile virtualization allows users to run both business and personal data in a single device, thus making the BYOD procedure more effective. Additionally, mobile virtualization enhances the efficacy of a mobile device, and as mobile technologies consistently make progressions, mobile virtualization is anticipated to play a significant role in their development. Low cost related to mobile virtualization drives the market growth to a substantial amount. Another prominent driver of growth is the worldwide adoption of smartphones which often can run several applications on a single device.
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Market Segmentation
The global mobile virtualization market is segmented based in industry, technology, region, and application. Based on industry, the market is segmented into telecom, IT, healthcare, retail, media & entertainment, insurance & banking, and many other. Out of these, the retail and media & entertainment segment represents the largest market share, as these sectors include most of the consumer electronics segment. However, life sciences and healthcare sector are estimated to grow at the highest CAGR over the review period. Based on technology, the market is segmented into mobile device management, application container, and hypervisor. Out of these technologies, the hypervisor technology holds the largest market share and is likely to expand at fast pace. Based on application, the market is segmented into consumer and enterprise. Among the applications, the consumer sector represents a prominent market share and is likely to witness the highest growth rate throughout the assessment period. The enterprise sector, however, is anticipated to reflect a decent growth.
Key Players
Global Mobile Virtualization Market is dominated by key players such as IBM Corporation, Amazon.com Inc, Google LLC, BlackBerry Limited, Citrix Systems Inc, Harman International Industries Inc, Microsoft Corporation, AT&T Inc, Oracle Corporation, Red Hat Inc, CA Technologies, and VMware Inc.
Regional Analysis
The global mobile virtualization market is segmented into key regions which include Asia Pacific, North America, and the Rest of the World. Out of these regions, the North America market has obtained a leading position and represents the most crucial share of the industry. There is a high concentration of key players within the market, and BYOD is a highly popular framework within the market as it aids improvement of business interfaces, enhances service levels, and comes for lower cost. The Asia Pacific market reflects the highest CAGR during the assessment period. The Asia Pacific market encompasses China, Australia, Japan, India, and South Korea, among others. Mobile service providers in these economies are working toward curbing the security vulnerabilities within mobile network with the application of mobile virtualization. Furthermore, the APAC market has recognized itself as a semiconductor and electronics hub which further accelerates reduced hardware costs and surges network visibility.
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global Mobile Virtualization Market: By Region, 2017-2023
Table3 North America Mobile Virtualization Market: By Country, 2017-2023
Table4 Europe Mobile Virtualization Market: By Country, 2017-2023
Table5 Asia-Pacific Mobile Virtualization Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Mobile Virtualization Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Mobile Virtualization Market
FIGURE 4 Value Chain Of Global Mobile Virtualization Market
FIGURE 5 Share Of Global Mobile Virtualization Market In 2017, By Country (In %)
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Website: https://www.marketresearchfuture.com/reports/mobile-virtualization-market-4907
Release ID: 88926570
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