The global virtualization security market is predicted to witness striking growth during the forecast period owing to the increasing adoption of virtual applications across small and medium businesses and large corporations worldwide. Based on the component, the solution sub-segment is expected to be most lucrative. Regionally, the North America region is predicted to hold the largest share of the market throughout the forecast timeframe.
New York, USA, Nov. 23, 2021 (GLOBE NEWSWIRE) — According to a report published by Research Dive, the global virtualization security market is anticipated to garner $6,986.3 million and a CAGR of 13.6% over the estimated period from 2021-2028.
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Covid-19 Impact on the Global Virtualization Security Market
Though the outbreak of the Covid-19 pandemic has devastated several industries, however, it has had a positive impact on the virtualization security market. Due to stringent lockdowns and strict government guidelines, many IT companies have adopted work from the home culture which enhanced the reliance on virtualized platforms and cloud-based environments. This has surged the demand for the usage of virtualization security to protect network perimeter access. Moreover, the increasing demand for cloud computing technology especially in the healthcare industry to analyze patients’ data has further propelled the growth of the market during the period of crisis.
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As per our analysts, the rapid adoption of virtual applications across small and medium businesses and large corporations globally is expected to bolster the growth of the market during the forecast period. Moreover, the utilization of cloud computing to manage a remote workforce, eliminate hardware requirements, and reduce maintenance and operational costs is further expected to upsurge the growth of the market throughout the estimated timeframe. Besides, the rising demand for virtualization security solutions across small and large organization across small and large organizations is expected to fortify the growth of the virtualization security market throughout the analysis period. However, a lack of skilled IT experts in virtualization security may impede the growth of the market during the forecast timeframe.
Segments of the Global Virtualization Security Market
Component: Solution Sub-Segment to be Most Lucrative
The solution sub-segment is expected to garner a revenue of $4,955.9 million and is predicted to continue a steady growth during the analysis period. This is mainly due to…
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