1398, "influencing by physical virtues or capabilities," from M.L.
virtualis, from L.
virtus "excellence, potency, efficacy," lit. "manliness, manhood" (see
virtue). The meaning of "being something in essence or fact, though not in name" is first recorded 1654, probably via sense of "capable of producing a certain effect" (1432). Computer sense of "not physically existing but made to appear by software" is attested from 1959.
Virtually (c.1430) originally meant "as far as essential qualities or facts are concerned;" sense of "in effect, as good as" is recorded from c.1600.