Virtualization
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Currently there seems to be three major competitors in the Virtualization Market
Virtualization of hardware presented to a user to install an Operating System on, proceed to use for applications. Sometimes this part is abstracted and users can just pick existing snapshots with OS and some software handled, ala AWS AMIs.
Various OS level process-ability is shared among containers.
Functions that applications are typically built out of are completely abstracted to cloud services accessed via APIs.