Desktop Virtualization Market Is Estimated To Witness High Growth Owing To Increasing Adoption Of Cloud Computing Services

Desktop Virtualization Market

The global Desktop Virtualization Market is estimated to be valued at US$ 10.47 billion in 2021 and is expected to exhibit a CAGR of 10.2% over the forecast period 2022-2027, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Desktop virtualization refers to the technology that separates the desktop environment and its associated applications from the physical device used to access it. It enables businesses to store and manage desktops in a central server, making it more flexible, accessible, and secure. The need for desktop virtualization arises due to the growing adoption of cloud computing services and the rising demand for remote working solutions. With desktop virtualization, businesses can streamline operations, reduce hardware and maintenance costs, enhance data security, and improve productivity.

Market Key Trends:

One key trend driving the growth of the desktop virtualization market is the increasing adoption of Bring Your Own Device (BYOD) policies in organizations. BYOD allows employees to use their personal devices, such as smartphones, tablets, or laptops, for work purposes. This trend is gaining momentum as it offers flexibility, convenience, and cost savings for both employees and employers. Desktop virtualization enables seamless integration and access to work-related applications and data on personal devices, ensuring security and compliance. Moreover, it eliminates the need for multiple devices, simplifying device management and reducing IT costs.

Overall, the desktop virtualization market is projected to experience high growth due to the advantages it offers, such as improved productivity, reduced IT costs, enhanced data security, and flexibility in accessing work environments. The increasing adoption of cloud computing services and the implementation of BYOD policies are expected to drive market growth in the forecast period. The key players in the market include Cisco Systems, Inc., Citrix Systems, Inc., Ericom Software, Inc., Evolve IP, Hewlett Packard Enterprise,

PEST Analysis:

Political: The political factors influencing the desktop virtualization market include government regulations and policies that may impact the adoption and implementation of desktop virtualization solutions. This can include data privacy regulations, cybersecurity laws, and policies related to cloud computing.

Economic: The economic factors affecting the market include the overall economic conditions, such as GDP growth, inflation rates, and consumer spending. The global desktop virtualization market is expected to witness high growth and reach a value of USD 10.47 billion in 2021, representing a CAGR of 10.2% over the forecast period.

Social: The social factors influencing the market include the changing work culture and increasing adoption of remote work. The COVID-19 pandemic has accelerated the shift towards remote work, leading to a greater demand for desktop virtualization solutions to enable seamless remote access to data and applications.

Technological: The technological factors impacting the market include advancements in cloud computing, virtualization technology, and network infrastructure. The increasing adoption of cloud-based virtual desktop infrastructure (VDI) solutions and the development of secure remote access technologies are driving the growth of the desktop virtualization market.

Key Takeaways:

The global desktop virtualization market is expected to witness high growth, exhibiting a CAGR of 10.2% over the forecast period. This growth is primarily driven by the increasing adoption of remote work and the need for secure and efficient access to data and applications. The market size is projected to reach USD 10.47 billion in 2021.

In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the desktop virtualization market. The region has a robust IT infrastructure, a high level of technology adoption, and a large presence of key players in the market. North America is also experiencing a rapid shift towards remote work, which is driving the demand for desktop virtualization solutions.

Key players operating in the desktop virtualization market include Cisco Systems, Inc., Citrix Systems, Inc., Ericom Software, Inc., Evolve IP, Hewlett Packard Enterprise, Huawei Technologies Co., Ltd, Microsoft, Ncomputing, Oracle Corporation, Parallels International, Red Hat, and VMware, Inc. These companies are focused on developing innovative solutions and expanding their product portfolios to cater to the growing demand for desktop virtualization solutions.