According to the report, the global mobile virtualization industry was pegged at $3.26 billion in 2018 and is projected to reach $12.70 billion by 2026, growing at a CAGR of 18.6% from 2019 to 2026.
Growth in need to rise employee efficiency, enhanced data security offered by mobile virtualization, and cost-saving associated with mobile virtualization solutions have boosted the growth of the global mobile virtualization market. However, performance and compatibility issues hamper the market growth. On the contrary, rise in demand for workspace as a service is expected to create lucrative opportunities in the near future.
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The hypervisor segment held the largest share in 2018, contributing to more than three-fifths of the global mobile virtualization market, owing to rise in adoption of virtual machines among the organizations. However, the application container segment is projected to register the fastest CAGR of 20.5% during the forecast period, due to several benefits such as overhead cost, increase portability, greater efficiency, and better application development.
The IT & telecom segment held the largest share in 2018, accounting for more than one-fifth of the global mobile virtualization market, owing to rise in mobile virtualization solutions to decrease excessive IT infrastructure cost and deliver rapid deployment and innovative services. However, the healthcare segment is projected to register the fastest CAGR of 23.9% during the forecast period, due to enhanced security, cost benefits, and improved workflow that it offers to users.
The global mobile virtualization market across North America held the largest share in 2018, contributing to nearly two-fifths of the market, owing to high IT infrastructure spending and adoption of technological advancements. However, the market across the Asia-Pacific region is estimated to manifest the fastest CAGR of 20.9% during the forecast period, owing to rapid economic growth and showing high potential for the adoption of mobile virtualization solution.
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