The advent of IoT enables each device to be connected over the internet, and its rising adoption in the MEA results in more than billions of devices connected over the internet. Furthermore, the data traffic rate grew at an annual rate of more than ~65% over the last five years. Also, between 2018 and 2023, the data traffic is anticipated to grow at a compound annual growth rate of ~40%. This exponential growth in data traffic over the internet is primarily attributed to the growing penetration of smartphones and other consumer electronic devices connected over the internet due to the increasing popularity of IoT and cloud computing technology.
Cloud computing is used in vertical applications, such as Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), Software-as-a-Service (SaaS), big data analytics, education, cloud storage, data backup, entertainment, management, and social networking. Companies plan to increase their 2022 spending on machine learning and AI platforms from 1% to 25%. Hence, increasing spending for adopting advanced technologies and the growing popularity of cloud computing technology is paving new opportunities for deploying embedded hypervisors in the ecosystem, which is driving the market growth.
MEA Embedded Hypervisor Market Segmentation
The MEA embedded hypervisor market is segmented based on component, technology, enterprise size, industry, and country. Based on component, the MEA embedded hypervisor market is segmented into solution and services. The solution segment dominated the MEA embedded hypervisor market in 2020. Based on technology, the MEA embedded hypervisor market is segmented into desktop virtualization, server virtualization, and data center virtualization. The desktop virtualization segment dominated the MEA embedded hypervisor market in 2020. Based on enterprise size, the MEA embedded hypervisor market is segmented into small and medium enterprises and large enterprises. The large enterprises segment dominated the MEA embedded hypervisor market in 2020. Based on industry, the MEA embedded hypervisor market is segmented into BFSI, IT and telecom, aerospace and defense, automotive, healthcare, transportation, and others. The BFSI segment dominated the MEA embedded hypervisor market in 2020. Based on country, the MEA embedded hypervisor market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of the MEA. The Saudi Arabia segment dominated the MEA embedded hypervisor market in 2020.
Citrix System, Inc.; IBM Corporation; Microsoft Corporation; VMware, Inc.; Wind River System, Inc.; NXP Semiconductors; Thales Group; and Siemens AG are among the leading companies in the MEA embedded hypervisor market.