Some applications made in C++ (different software) will require this component in order to work. This is a package or a library with additional computer code that will enable different functions, so these programs will work on your PC. It is not installed by default because is not always needed. But when you install a program that requires it, you will be prompted to install this library.
It is important to know that these packages come with support for all types of Central processing unit architectures courtesy of streamlined x64 and x86 installers. It might be worth considering installing both these packages though, since there a fair share of apps which require specific components for both architecture types.
This package requires little space and is easy to deploy to your computer. Fortunately, there are no bad things to report here as it is safe to say that having these packages on your computer is quite convenient.
Microsoft Visual C++ Redistributable Package 2017 is licensed as freeware for PC or laptop with Windows 32 bit and 64 bit operating system. It is in components & libraries category and is available to all software users as a free download.