The virtual machine market is rapidly expanding as more industries adopt it. It has already seen year-over-year growth of 11.8% in 2023, and this is only expected to continue at even more impressive rates over the coming decade. Demand for virtual machines is actually expected to grow so much that its valuation is expected to hit $5.6 billion by the end of 2031. It’s fascinating to see why exactly businesses are clamoring for this tech innovation.
What is a Virtual Machine?
A virtual machine is a very useful emulation tool for companies. A guide to virtual machines best describes it as “an application that functions as a virtual computer but resides within a physical computer.” Basically, a physical computer acts as the host to create a virtual environment that in itself acts as a separate machine.
The virtual machine is able to work independently from the host without cannibalizing its resources. Because of this, it is also able to run a different operating system and separate applications at the same time as the physical computer. Of course, the virtual machine will still rely on the capacity of the host to an extent. The benefit here is that it will allocate its own core resources so that the main host can focus on other tasks.
Why Businesses Like Virtual Machines
With its capacity, a virtual machine is able to work for server virtualization, development, and disaster recovery. Those are very promising use cases that emphasize some of the biggest reasons why businesses like using virtual machines in the first place. These factors mostly come down to the following:
1. Cost Reduction
The biggest reason to use a virtual machine for business is cost reduction. Because this enables less infrastructure and consolidation of resources, businesses no longer have to spend as much on hardware and software. The system itself is also very scalable so that there are no redundancies and growth is still manageable.
On top of that, virtual machines make test environments and backups easier to create and access. This can be a real holy grail since 40% of small and mid-sized businesses end up closing for good from a lack of disaster recovery and data loss.
2. Easier Cloud Adoption
There are plenty of cloud-based platforms that businesses must adopt to thrive in the new age. This helps companies innovate, create more accessibility, experiment, and cut down on costs. The inherent scalability and flexibility afforded by virtual machines make cloud adoption much more feasible for businesses.
It’s also a less risky method of moving to the cloud as businesses can see how applications and data get migrated within the safety of a virtual test environment. If any problems arise, restoration is much more doable, and critical systems are largely unaffected.
3. Better Security
Security is one of the ever-present concerns for businesses, especially in a post-pandemic landscape that has seen a dramatic increase in cyberattacks. Hence, many have taken to using virtual machines to add a layer of protection. By creating secure connections, access can be monitored with ease and any anomalies can be pinpointed more efficiently.
Additionally, virtual machines have an inherent failsafe in that they can be isolated right away. This minimizes the impact of any attacks and allows developers to analyze vulnerabilities and test unknown applications.
4. Optimized Resource Management
Long-term planning and sustainability are some of the biggest driving factors for businesses today. Hence, virtual machines become valuable assets that allow this by optimizing resources. Even beyond a simple cost point of view, this factor presents itself in the consolidation of resources and balancing of workloads. This allows companies to be more efficient and productive without sacrificing other aspects of their operations.
A virtual machine is able to provide this benefit by being easily manageable and trackable. On top of that, it also allows for the automation of certain tasks with simultaneous development. It basically cuts down the time and resources necessary to hit KPIs while still producing good results.
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