In computing, virtual memory is a memory management technique developed for multitasking kernels. This technique virtualizes a computer architecture's various forms of computer data storage (such as random-access memory and disk storage), allowing a program to be designed as though there is only one kind of memory, "virtual" memory, which behaves like directly addressable read/write memory (RAM).

Most modern operating systems that support virtual memory also run each process in its own dedicated address space. Each program thus appears to have sole access to the virtual memory. However, some older operating systems (such as OS/VS1 and OS/VS2 SVS) and even modern ones (such as IBM i) are single address space operating systems that run all processes in a single address space composed of virtualized memory.

Virtual memory makes application programming easier by hiding fragmentation of physical memory; by delegating to the kernel the burden of managing the memory hierarchy (eliminating the need for the program to handle overlays explicitly); and, when each process is run in its own dedicated address space, by obviating the need to relocate program code or to access memory with relative addressing.