I'm dealing with a system that runs a Java application per customer in its own JVM. We've got about a half dozen dedicated servers that are running close to 100 JVMs total now and sets of custom scripts for managing these JVMs. This setup is really showing its age at this point: managing that many JVMs is becoming a monitoring/management nightmare and we are constantly dealing with heap sizing issues. We'd like to move to a more modern approach and just run a bunch of applications in a single app server per physical machine. However, keeping the applications separate does have distinct advantages in terms of isolation (e.g. out of memory errors only affect one customer). Each customer's software stack has memory requirements that vary widely.
My question: is there a way to have the best of both worlds here and run multiple applications in one JVM (app server) and still maintain some level of isolation? Or is it just a modern fact of life that you need to manage memory requirements of a set of applications these days? Are there other solutions here besides an app server or Java EE container (e.g. Wildfly or Spring) that I'm missing here? It seems like this system is a holdout from another era!