According to a new research report published by Premium Market Insights, “ The embedded hypervisor market size is projected to grow from $5,046.7 million in 2021 to $7,823.2 million by 2028. It is projected to grow at a CAGR of 6.5% during 2021-2028.
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A real-time operating system (RTOS) allows real-time applications to process incoming data with little or no buffering delay. An embedded hypervisor is a security best practice for network devices providing safety and security from hostile networks. Efficient execution of specific programs layered by a framework that provides adequate protection for modules. The need for embedded hypervisors has increased due to technological advances and the increasing adoption of Internet of Things (IoT) and artificial intelligence (AI) in various industries such as automotive, aerospace and defense, IT and telecommunications.
Demand for embedded hypervisors in the automotive industry is growing rapidly owing to growing preference for electric vehicles, fueling the market growth. Advanced driver assistance systems (ADAS) are robust systems that use sensors in vehicles such as cameras and radar. The embedded hypervisor market is benefiting from the increased adoption of V2I and V2V capabilities.
The aerospace and defense industry is experiencing a growing need for layer-based security for systems and critical components. The increasing popularity of real-time operating systems is driving demand for embedded hypervisors. Many real-time applications require safety, security, and virtualization support. Growing geographic tensions between neighbors such as India, China and Pakistan, ongoing warfare between Russia and Ukraine, and Middle East and African countries have forced many governments to spend significant sums on defense and security development. For example, the US Department of Defense (DOD) is requesting $715 billion in funding. India’s defense budget for 2022-2023 is Rs 4,05,470.15 crores. The 2021 defense budget totaled $46.7 billion in Saudi Arabia. Russia’s defense budget totals $154 billion by 2022. Therefore, the growing defense budget has created many lucrative opportunities for embedded hypervisor key vendors.
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Embedded Hypervisor Market Analysis By technology, the market is segmented into desktop virtualization, server virtualization, and data center virtualization. In 2021, the desktop virtualization segment held the largest market share. Embedded Hypervisor Market Analysis Based on company size, the market is segmented into SMEs and large enterprises. In 2021, the large enterprise segment held a larger market share. Based on component, the market is segmented into solutions and services. The solutions segment accounted for a larger embedded hypervisor market share in 2021. On the basis of industry, the embedded hypervisor market is segmented into BFSI, IT & telecommunications, aerospace & defense, automotive, medical, transportation, and others. In 2021, the BFSI segment held the largest market share. By region, the embedded hypervisor market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). North America accounted for the largest embedded hypervisor market share in 2021.
The overall size of the embedded hypervisor market has been derived using both primary and secondary sources. To initiate the research process, a thorough secondary research was conducted using internal and external sources to obtain qualitative and quantitative information relevant to the market. This process also serves the purpose of obtaining an overview and forecast of the embedded hypervisor market with respect to all segments. It also provides an overview and forecast of the market based on all segmentation provided with respect to the five major geographies of North America, Europe, Asia Pacific, Middle East & Africa and South America. We also conducted primary interviews with industry participants to validate the data and gain further analytical insights. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, country sales managers, and external consultants including valuation experts, research analysts and key opinion leaders.
Major companies operating in the embedded hypervisor market include Citrix Systems, Inc. IBM Corporation; Microsoft Corporation; VMware, Inc.; Wind River Systems, Inc.; NXP Semiconductors; Thales Group; Fent innovative software solutions; ticker; Lynx Software Technologies; and Siemens AG.
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