Global Virtual Machine Market Size and Forecast by Type, Deployment Model, Industry, Organization Size, Use Cases, Operating System, and Region: Statistics | 2019-2032

Virtual Machine Market Growth and Performance

Key Takeaways:

• In 2023, the global virtual machine market size reached US$ 8.10 Billion, witnessing a YoY growth of 20.3%.
• The market is projected to experience a significant upsurge in market revenue, reaching US$ 33.40 Billion by the end of 2032.
• In terms of growth, the global virtual machine market is anticipated to expand at a CAGR of 16.7% between 2024 and 2032.
• The general purpose VMS segment is projected to experience a significant upsurge in market revenue, reaching US$ 13.03 Billion by the end of 2032.
• The virtual machine market is expected to witness an absolute dollar opportunity of US$ 25.30 Billion between 2024 and 2032.
• Among the diverse regions within this market, North America virtual machine market took the lead, reaching a market value of US$ 4.25 Billion in 2023.
• The fastest growing market among regions is Latin America, experiencing a CAGR of 26.9% between 2024 and 2032.
• While all the leading countries are still important, US ruled as the leading market in the global virtual machine industry in 2023.
• Among the diverse end users, IT and telecom was the largest end-user vertical in terms of spending in the market in 2023.
• The global virtual machine market is mainly driven by growing demand for cost-effective IT solutions, the increasing adoption of cloud computing, and the advancement of virtualization technology.
• Major players are driving the virtual machine market growth through strategic advancements and partnerships. For Instance, in May 2024, Microsoft announced the preview of new Azure Virtual Machines (VMs) featuring the Azure Cobalt 100 Arm-based processor. The Cobalt 100 processor is based on the Neoverse N-series (N2) Arm CPU design, optimized for the performance of scalable cloud-based applications. The preview includes general-purpose VM series (Dpsv6-series and Dplsv6-series) and memory-optimized VM series (Epsv6-series).
• Also, in April 2024, Cloud Software Group Inc. and Microsoft Corp. unveiled an expanded eight-year strategic partnership to enhance their joint efforts in the market. The partnership focuses on advancing the Citrix® virtual application and desktop platform through intensified go-to-market collaboration. Moreover, the agreement includes plans to innovate new cloud and AI solutions, supported by an integrated product roadmap. As part of this collaboration, Cloud Software Group commits to investing $1.65 billion in the Microsoft cloud infrastructure, emphasizing its commitment to leveraging Microsoft's generative AI capabilities.
• Furthermore, on March 15, 2022, Vultr, an independent cloud infrastructure provider, launched its new Optimized Cloud Compute product line and refreshed its Cloud Compute lineup of virtual machines. This launch introduces a variety of high-performance VMs with 100% NVMe SSD storage, including instances powered by 3rd-generation AMD EPYC processors.

Virtual Machine Market Scope

Virtual Machine Industry: Regional Coverage