The global mobile virtualization market is expected to grow at a compound annual growth rate of 15.53% over the forecast period to reach a market size of US$3,966.562 million in 2026 from US$1,443.543 million in 2019.
Mobile Virtualization gives the ability to run two or more instances of an operating system on the same phone, thereby giving the ability to run personal apps and services on one OS and the business services on another. The key factor which drives the growth of the Mobile Virtualization Market is the increase in the need for isolation of personal and work data to handle them separately and conveniently. Moreover, growing cybercrimes have raised the need for security which, in turn, has further spurred the growth of this market. There is a high rate of adoption of mobile virtualization technology and solutions, as it eliminates the need for long-distance cabling, work stations, and necessary infrastructure. However, the limited battery life of mobile devices and the necessity of having a virtual data center for mobile virtualization are hindering its growth.
The market is expected to surge in the coming years, due to the rise in cybercrimes, across the world. According to the data given by the National Technology Security Coalition 2019 report, around 21 million unique passwords and more than 770 million email addresses were exposed in a hacking forum after hosting in the cloud service MEGA. There were around 620 million account data and details that were stolen and taken from around 16 hacked platforms and websites and were offered on sale in the Dark Web marketplace. Verifications.io, the world's biggest email validation firm, was the victim of a major data breach due to its unprotected MongoDB Database. Data and details from more than 800 emails were exposed, that contained sensitive and personal information. The increasing trend of Bring Your Own Device (BYOD) has transitioned and had been evolving at a significant rate. With this trend, there had been a rise in data breaches and other types of cybercrimes, globally. With the option to tap and step into a virtual mobile platform and infrastructure, a user can access its given virtual mobile operating system, that has been running on a firm's server, without putting its data and information at risk and exposure. With the mobile virtualization technology, an employee can use and operate two operating systems on their respective mobile phone, each for personal and corporate use.
North America is expected to have a major share.
The North American market is expected to surge at an exponential rate, during the forecast period, as companies in the region focused more on cost-saving solutions with greater business flexibility and improved service levels. Major companies in the region have been making significant developments in the market, in the past few years. For instance, Cellrox, one of the key players in the market, provides a mobile virtualization platform for its customers. The company's mobile virtualization allows the co-existence of some of the major or multiple virtual mobile instances on a single mobile device. The company has also stated that each mobile instance becomes fully functional, completely isolated, and runs within its operating system environment. Other players have also been making a significant impact in the market, in the past few years. For instance, VMware, one of the key players in the market, provides a mobile virtualization platform, which had been built on the technology and services, the company acquired from Trango. The company's platform allows users to run and enhance multiple profiles on a single mobile or a phone, that are isolated from the other. Vendors are allowed to deploy and run the same software on a variety of phones, surging time to market.
The Asia Pacific is expected to register significant growth.
Asia Pacific region is expected to grow at a significant CAGR during the forecast period, because of the increase in urbanization rate, rising disposable income, low hardware, and labor cost, and other related factors. According to the data given by the United Nations, the region's urbanization rate is expected to grow to 50% in the year 2026. Moreover, seven of the world's most populous cities, globally, are in the Asia Pacific region. Cities like Delhi, Tokyo, Mumbai, Shanghai, and Kolkata are expected to register significant growth in the coming years. Moreover, increasing disposable income, especially in countries like China and India, is also expected to emerge as a potential role in the market growth. The government of India and China have been introducing several reforms to attract manufacturing of hardware in the region, which is expected to be a major factor in the adoption of novel and advanced mobile virtualization solutions in the coming years. Major companies such as Apple, Microsoft, Dell, Ericsson, Dell, and others have already invested a significant sum of capital in the region. These developments are expected to enhance the market growth in the coming years.
|Market size value in 2019||US$1,443.543 million|
|Market size value in 2026||US$3,966.562 million|
|Growth Rate||CAGR of 15.53% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Organizational Size, Technology, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||International Business Machine Corporation, Microsoft Corporation, AT&T, Broadcom, Citrix System, Blackberry Limited, Vmware, Oracle Corporation, Harman International Industries, Cellrox|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the mobile virtualization market size by 2026?
A1. The global mobile virtualization market is expected to reach a market size of US$3,966.562 million in 2026.
Q2. What is the size of global mobile virtualization market?
A2. Mobile Virtualization Market was valued at US$1,443.543 million in 2019.
Q3. What are the growth prospects for the mobile virtualization market?
A3. The mobile virtualization market is expected to grow at a CAGR of 15.53% over the forecast period.
Q4. Which region holds the maximum market share of the mobile virtualization market?
A4. The North American region is expected to hold a significant share of the mobile virtualization market owing to the companies in the region focused more on cost-saving solutions with greater business flexibility and improved service levels.
Q5. What factors are anticipated to drive the mobile virtualization market growth?
A5. The key factor which drives the mobile virtualization market growth is the increase in the need for isolation of personal and work data to handle them separately and conveniently.
International Business Machine Corporation
Harman International Industries
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.