Kernel based Virtual Machine (KVM) is a Linux kernel infrastructure for virtualization and runs on x86 hardware with the hardware virtualization techniques from Intel (VT) or AMD (AMD-V) like Virtualization Capable Processors and on the System z architecture.
OpenVZ vs KVM Virtualization : Which is Best for Cloud Server
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Containerization is an approach to virtualization in which apps and all their components are packaged up and compartmentalized but share a common operating system environment. Since containers share a single OS kernel, they are much more efficient than full hardware virtualization. Containers introduce a revolutionary way to make applications portable and at the same time decrease their virtualization costs by orders of magnitude.