Hyper-V is a type 1 hypervisor from Microsoft that has direct access to the underlying hardware. The other options are free or commercially available type 2 hypervisors, meaning they run inside a host Operating System and not directly on the physical hardware.
Microsoft Hyper-V, codenamed Viridian, and briefly known before its release as Windows Server Virtualization, is a native hypervisor; it can create virtual machines on x86-64 systems running Windows. Starting with Windows 8, Hyper-V superseded Windows Virtual PC as the hardware virtualization component of the client editions of Windows NT. A server computer running Hyper-V can be configured to expose individual virtual machines to one or more networks.
Hyper-V was first released with Windows Server 2008, and has been available without additional charge since Windows Server 2012 and Windows 8. A standalone Windows Hyper-V Server is free, but with command-line interface only.