2753388 - dispatcher fails to start , error=1450 in dev_disp trace

Dispatcher fails to start and  the trace  (dev_disp) shows error similar to the following:

*** ERROR => <EsNT> CreateFileMapping name=Global\ES_SEG_00_003 ,size=4096 MB, error=1450 [esnti.c    1190]

or

*** ERROR => <EsNT> CreateFileMapping name=Global\ES_SEG_62_005 ,size=2044 MB, error=1455 [esnti.c 1278]

And later:

*** Error 11 while initializing OS dependent part.
*** ERROR => DpEmInit: EmInit failed (1) [dpInit.c     1690]
*** ERROR => DpMemInit: DpEmInit (-1) [dpInit.c     1554]
*** DP_FATAL_ERROR => DpSapEnvInit: DpMemInit
*** DISPATCHER EMERGENCY SHUTDOWN ***

SAP NetWeaver  on Windows platform

DEVTRACE.LOG , dev_disp, 1450, 1455, VMWare, Hyper-V, DISPATCHER EMERGENCY SHUTDOWN , KBA , BC-OP-NT , Windows , BC-CST-DP , Dispatcher, Task Handler , Problem