Pune, India, Aug. 02, 2023 (GLOBE NEWSWIRE) -- According to Fortune Business Insights, global Desktop Virtualization Market Size was valued at USD 18.67 billion in 2022 and is projected to grow from USD 22.63 billion in 2023 to USD 101.45 billion by 2030, exhibiting a CAGR of 23.9% during the forecast period.
The market is expected to grow due to the increasing number of remote users and the adoption of flexible work policies in organizations, which require accessing desktop environments from any location using connected devices. Fortune Business Insights presents this information in their report titled "Global Desktop Virtualization Market, 2023–2030."
Key Industry Development-
September 2022 – Kyndryl Inc. announced a strategic collaboration with Citrix System, Inc. to support enterprises with hybrid global workforce by virtual desktop services. Citrix DaaS and Kyndryl’s Digital Workplace Services offer multi-cloud environment for clients.
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Key Takeaways-
- Desktop Virtualization Market is expected to flourish & reach USD 101.45 Billion in 2030
- Students are requesting flexible access to the libraries and other information in great numbers at higher education institutions.
- Since allowing remote access to work infrastructure, organisations have seen an increase in employee productivity.
- Because desktop virtualization totally depends on an internet connection to function, any problem with the network connection can render the job useless.
- Desktop Virtualization Market Size in North America was USD 6.71 Billion 2022
Discover the Leading Players Featured in the Report-
“Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Citrix Systems, Inc. (Vista Equity Partners Management, LLC) (U.S.), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Google LLC (U.S.), Amazon Web Services, Inc. (U.S.), VMware Inc. (U.S.), DXC Technology Company (U.S.), Kyndryl Inc. (U.S.)”
Report Scope & Segmentation-
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 23.9% |
| 2030 Value Projection | USD 101.45 Billion |
| Base Year | 2022 |
| Desktop Virtualization Market Size in 2022 | USD 18.67 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 130 |
| Segments covered | Type, Enterprise Type, Industry, Regional, |
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Drivers and Restraints-
Work-From-Anywhere Culture Drives Demand for Desktop Virtualization, Transforming Workspaces
The rise in the work-from-anywhere culture is leading to significant changes in workspaces. Organizations are observing increased employee productivity and improved security with the provision of remote access to work infrastructure. According to Future of Hybrid Work 2021, by McKinsey, 58% of employees experienced a boost in productivity with hybrid work environments. The increasing demand for hybrid work environments and the potential transformation of workspaces are key factors driving the desktop virtualization market growth.
However, the market may hinder by the reliance on network connections and potential performance issues that can affect user experience and productivity.
Leading Segments Covered in this Report-
By Enterprise Type
- Large Enterprises
- Small & Medium Enterprises
By Industry
- IT & Telecom
- BFSI
- Retail & E-commerce
- Government
- Education
- Manufacturing
- Healthcare
- Others (Media & Entertainment)
Regional Insights-
North America Leads with Cloud Adoption and Digital Transformation Initiatives
North America is experiencing significant growth and holds a prominent share of the global market. The increasing adoption of cloud solutions and rising digital transformation initiatives in the region are expected to further drive market growth.
Asia Pacific is expected to experience rapid growth owing to increasing demand for cloud computing and digitalization of industrial operations.
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Competitive Landscape-
Organizations Drive Remote Workforce Support through Partnerships and Expansion
Key players in the market are keen on offering solutions to support the rising number of remote workers globally. They are leveraging strategic partnerships, collaborations, and mergers & acquisitions to expand their business and expertise to effectively cater to the needs of the global remote workforce.
FAQs
How big is the Desktop Virtualization Market?
Desktop Virtualization Market size was USD 18.67 Billion in 2022. It is expected to reach USD 101.45 Billion by 2030.
How fast is the Desktop Virtualization Market growing?
The Desktop Virtualization Market will exhibit a CAGR of 23.9% during the forecast period, 2023-2030
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