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Hyper-V is Microsoft's hardware virtualization product. It lets you create and run a software version of a computer, called a virtual machine. Each virtual machine acts like a complete computer, running an operating system and programs. When you need computing resources, virtual machines give you more flexibility, help save time and money, and are a more efficient way to use hardware than just running one operating system on physical hardware.
Hyper-V runs each virtual machine in its own isolated space, which means you can run more than one virtual machine on the same hardware at the same time. You might want to do this to avoid problems such as a crash affecting the other workloads, or to give different people, groups or services access to different systems.
Microsoft Hyper-V Server is a stand-alone product that contains only the Windows hypervisor, a Windows Server driver model, and virtualization components. It provides a simple and reliable virtualization solution to help you improve your server utilization and reduce costs.
Hyper-V Server (Core/Bare-metal) doesn't need a license but the Windows VMs running on it need licenses.
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