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Virtual Machine (VM) is an application that creates a virtual machine environment using existing hardware, or simply we can say that VM is method of creating machine inside a machine using existing hardware of single hardware.
There are lots of benefits of having VMs and some of them are as follows,
1. Testing different new environment without messing up your main machine.
2. Testing suspected software and their behaviour.
3. Testing suspected links.
4. If your main OS is corrupted then VM will work as new machine which will not compromise your data.
5. Use VM for the environment where you require many machines but without having different hardware.