Market Analysis
The mobile virtualization market is touted to touch USD 6 billion at 18% CAGR over the predicted years (2017-2023). Mobile virtualization put merely, deals with monitoring, integration and managing mobile devices including Smartphones, tablets and laptops. This technology creates a virtualized portion in the mobile handset for both corporate and personal data. Mobile virtualization helps to minimize IT needs as an IT person requires to control the virtualized part of the user’s phone only. It will create a separate environment where applications can run securely. Mobile virtualization is being increasingly adopted owing to its wonderful benefits such as reduce the smartphone cost, access to personal and corporate data simultaneously and also security. Through this technology, the user can utilize two operating systems on one smartphone. It uses a hypervisor for separating software and hardware securely.
There are numerous factors that is driving the growth of the mobile virtualization market. These factors according to MRFR (Market Research Future) report include rapid development in technology (machine to machine), low cost, global acceptance of Smartphone that has the capacity of running different apps on one platform, growing use of cloud computing for business operations, security, and adoption of BYOD (Bring Your Own Device) concept. On the contrary, lack of awareness regarding mobile virtualization, need for high speed internet, and resolution and screen size of smart devices are factors that may restrict mobile virtualization market growth.
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Market Segmentation
MRFR report offers a complete segmental analysis of the mobile virtualization market on the basis of technology, industry and application.
Based on technology, it is segmented into application container, mobile device management and hypervisor. Of these, hypervisor technology will dominate the mobile virtualization market over the predicted years and projected to expand at a fast rate.
Based on industry, the mobile virtualization market is segmented into media and entertainment, banking and insurance, healthcare, retail, telecom, IT and others. Of these, media and entertainment and retail will dominate the market over the predicted years. The healthcare sector is predicted to grow at the highest CAGR.
Based on application, it is segmented into consumer and enterprise. Of these, consumer will have a major share in the mobile virtualization market followed by the enterprise segment.
Key Players
Leading players profiled in the Mobile Virtualization Market 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.), IBM Corporation (U.S.) and others.
Regional Analysis
By region, the mobile virtualization market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, North America will have a lion’s share in the market over the predicted years owing to higher concentration of mobile virtualization vendors here coupled with burgeoning smartphone penetration. Most organizations in this region which also includes consumer electronics have accepted the technology of mobile virtualization for saving on cost, improving service levels and increasing business flexibility. The mobile virtualization market in the APAC region is predicted to expand at the highest CAGR over the predicted years. Countries such as South Korea, Australia and China already are working with mobile service providers for reducing security vulnerabilities in mobile networks with the help of mobile virtualization. Moreover, APAC is the hub of semiconductor and electronics manufacturing that leads to boost in network visibility and low cost of hardware.
Industry News
Feb 2019- Cisco has declared its partnership with KT Corp. for introducing the first ever automated and flexible 5G mobile network platform. This collaboration will help to manage the upcoming 5G traffic better through advanced automation software and routing, machine learning and intelligent analytics. KT and Cisco rolled out the latest 5G mobile network with virtualized and automated technologies on the Mobile Edge Cloud that will feature Mobile Packet Core, segment routing, network slicing, user plane separation and more.
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Intended Audience
- Mobile Virtualization services providers
- Network management solution providers
- WAN optimization services providers
- Data Analytics vendors
- Cloud Service providers
- Project accounting solution providers
- Value-added resellers
- Research firms
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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