Virtual Memory Management Market 2022: Key Impacting Factors Likely to Accelerate Market Growth
The increase in the need to perform various tasks at once through the use of virtual memory is driving the growth of the market.
PORTLAND, PORTLAND, OR, USA, March 16, 2022 /EINPresswire.com/ — As businesses digitally transform their manual operations into automatic operations using computers. These computers have to perform various tasks at once, and with the help of virtual memory, the workload is divided and transmitted to the disk installed in the system. This saves spending on external hard drives which are expensive and require proper management.
Rising need to improve the speed of computer programs, adoption of customized and automated solutions and increased implementation of virtual memory in various enterprises are the factors driving the growth of the data management market. virtual memory. Additionally, the ability of virtual memory to facilitate device operation is propelling the growth of the market. However, high cost of implementation and maintenance and lack of knowledge regarding virtual memory are the factors hindering the growth. Additionally, growing investments in the research and development arena and government initiatives to assist several companies are providing lucrative opportunities for market growth over the forecast period.
North America is expected to lead the market over the forecast period owing to the adoption of latest technologies by businesses in the region. The presence of developed countries like the United States and Canada, which are considered early adopters, can drive the expansion of the market. Rising expenditure on research and development and growing adoption of advanced solutions by major players in Canada and the United States is driving the virtual memory management market. Moreover, the government initiative is helping enterprises to adopt virtual memory technology and driving the market growth in the region.
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Top Key Players – Microsoft Corporation, Oracle Corporation, International Business Machines Corporation, Vanguard Software Corporation, Red Hat Inc., Hewlett Packard Enterprise Development LP, Dell Technologies Inc., Lenovo Group Limited, Acer Inc., Apple Inc.
Analysis of the COVID-19 scenario:
1. The spread of COVID-19 has led to the downfall of global economies and industries. Lockdowns imposed by governments in various countries have disrupted the global supply chain. However, the pandemic has created new opportunities to adopt the latest technologies to improve business functions. The virtual memory management market has witnessed significant growth during the pandemic situation.
2. As various industries have adopted the work-from-home business model, the need for virtual memory has increased as the computer requires a lot of memory to run business operations smoothly. Businesses focus on technology that improves business function on the other hand helps to reduce the workload on the computer disk. Virtual memory management reduces expenditure on external hard drive.
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