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Growth Drivers
Challenges
Regionally, the global virtual machine market is segmented into five major regions comprising North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among the markets in these regions, the market in North America is estimated to hold leading market share throughout the forecast period by attaining a revenue of USD 20805.80 Million by the end of 2028. The market in the region is also anticipated to grow with a CAGR of 14.3% during the forecast period owing to the presence of the key players in this region and for the rising implementation of virtualization and security solutions & services across end user organizations. Further, the market is segmented by country into the United States and Canada, out of which, the market in the U.S. is expected to hold the largest market share throughout the forecast period and further grow with the highest CAGR of 14.8% during the forecast period. On the other hand, the market in Europe is projected to hold the second leading stance by garnering a revenue of USD 11,050.18 Million by the end of 2028. The market in Europe is further segmented by country into the UK, Germany, Italy, France, Spain, Russia, Netherlands, and Rest of Europe, out of which, the market in the UK is expected to hold the largest market share of 23.80% by the end of 2028 and further gain a revenue of USD 2629.94 Million in the same year. Alternatively, the market in Germany is expected to grow significantly by holding the highest CAGR of 17.1% during the forecast period.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
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