Embedded Hypervisor Market to Proliferate with its Versatility
The Embedded Hypervisor Market is expected to grow from USD 5.21 Billion in 2021 to USD 7.36 Billion by 2028 with a Compound Annual Growth Rate (CAGR) of 5.90% between 2022 and 2028. Embedded Hypervisor is used to enhance the flexibility of embedded devices and provide them with higher levels of capabilities while providing better security features.
The increasing use of Embedded Hypervisors and software hypervisors in the automotive industry has contributed to the growth of the market. Embedded Hypervisors are used in server virtualization because they reduce the number of drivers required, host different virtual machines in a single bucket network, and allow booting from a virtual machine image rather than a virtual machine, right from the hard disk. These features make better use of server space and reduce hardware costs.
With the advent of cloud computing and IoT, hypervisors in growing cloud computing applications will be the main driver of the Embedded Hypervisor Market. There are increasing applications for these hypervisors in the aerospace and defence industries so effective machine learning is expected to further increase demand for these components. Embedded Hypervisors provide greater cyber security than conventional hypervisors. This contributes to using these components in industries like healthcare where data protection is critical. On the other hand, the market is constrained by the high costs of implementing AI and IoT driven automation processes. The shortage of skilled personnel to implement such systems is also expected to hold back the market growth during the forecast period. While the electronics industry is also expected to present lucrative market opportunities as computer and server vendors begin to incorporate these components into their end products.
Embedded Hypervisor Market is segmented on the basis of type of components, technology and application. Based on the components used, the market can be divided into software and services. The software segment is expected to occupy the largest market share during the forecast period and register a better growth rate than the service segment. Hypervisor software is important for most applications that use virtual machines. Based on the technology introduced in the Embedded Hypervisor, the market can be divided into desktop virtualization, server virtualization, and data centre virtualization segments. The desktop virtualization segment is expected to gain greater market share compared to other segments.
On the basis of application, the Embedded Hypervisor Market can be divided into IT & telecommunication, automotive, aerospace & defence, transportation and more. The IT & telecommunication segment is believed to have the largest market share compared to other segments. The market advantage of this segment is driven by the increasing adoption of cloud computing and the use of virtual machines to improve remote work opportunities through better security features while saving hardware costs. The growing number of companies implementing telecommuting policies is a major driver of this segment.
Based on geographical analysis, the Embedded Hypervisor Market can be segmented into different regions such as North America, Asia Pacific, Europe, Latin America, Middle East & Africa. North America is expected to hold the largest market share during the forecast period. The heavy spending on defence applications has contributed to the North America's dominance in the market. A large number of key players in the region's aerospace sector, as well as government agencies, have led to high demand for Embedded Hypervisors. The growing adoption of cloud computing and IoT is another key driver for the growing demand for Embedded Hypervisors in the region.
The main players currently dominating the Global Embedded Hypervisor Market are Acontis technologies GmbH, ACRN, AO Kaspersky Lab, Blackberry Limited, Citrix Systems Inc., Enea, Green Hills Software, IBM Corporation, Lynx Software Technologies Inc., Microsoft Corporation, NXP Semiconductors N.V., Real-Time Systems GmbH, Siemens, Sierraware SYSGO AG, TenAsys Corporation, VMware Inc., WindRiver Systems Inc. and others.
Browse the full Report - Embedded Hypervisor Market Size, Share & Trends Analysis Report by Component (Software, Services), by Type (Bare Metal , Hosted ), by Technology (Desktop Virtualization, Server Virtualization, Data Centre Virtualization), by Enterprise Size (Small & Medium Sized Enterprise, Large Enterprise), by Application (Android & iOS Device, Laptop, 5G, SCADA), by End-use (Aerospace, Defense, Automotive, Industrial), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)