PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284071
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284071
According to Stratistics MRC, the Global Desktop Virtualization Market is accounted for $12.3 billion in 2022 and is expected to reach $24.6 billion by 2028 growing at a CAGR of 12.3% during the forecast period. Desktop virtualization is a software technology used to imitate a workstation environment and access desktop computers through a linked device that is either local to the user or located remotely. Client software that is installed on the endpoint is typically used to access virtual desktops, allowing users to interact and enter data using a local mouse, keyboard, Touchscreen, and other peripheral devices. This helps to improve both the security and effectiveness of the actions carried out while reducing the overall computing strain placed on local users.
According to an article published by Search Virtual Desktop Blogs, in March 2020, the global spending on virtual desktop infrastructure was $4.91 billion in the year 2019, which is anticipated to grow with an average of 14.4%, post the outbreak of the COVID-19 pandemic.
Businesses are being compelled to embrace enterprise solutions, which help to reduce IT spending and concentrate on core business areas, by the increasingly competitive market and economic pressure. Several small and medium-sized businesses (SMBs), are transitioning from conventional desktop systems to virtual desktop workplaces in addition to large businesses. By giving workers a consistent and secure way to work from any location, VDI helps businesses cut back on the number of PCs and expensive hardware that need to maintain. As a result, desktop virtualization solutions will see widespread adoption in the coming years, since they enable organisations to cut expenditures on hardware and its upkeep.
Although desktop virtualization has many technological benefits, putting it into practise is a difficult task. A highly compatible infrastructure and software setup are necessary for creating many virtual desktop instances, and meeting these needs could be expensive, difficult, and need substantial preparation. Additionally, since all desktops and the operating system are virtually loaded and streamed across the network, virtual desktops demand a sizeable amount of network bandwidth. Therefore, system complexity and compatibility problems are preventing more desktop virtualization solutions from being employed.
To increase the effectiveness and productivity of their employees, businesses are focused on remote working. The cost of IT infrastructure is reduced via remote working and cloud computing. The emergence of clouds as an infrastructure has made it possible to supply computing resources quickly as a utility in a dynamically scaled and virtual way. The use of desktop virtualization is driven by an increase in cloud adoption and an organisational preference for cloud-based desktop deployment.
Desktop virtualization configuration and implementation are difficult processes since they include many intricacies and compatibility problems. Before implementing desktop virtualization solutions, it is necessary to assess the infrastructure requirements, including server size, network bandwidth, and workload. Sometimes, a user tries to implement a desktop virtualization solution on the existing infrastructure while making compromises regarding the necessary infrastructure configuration, which could further impair the performance of the implemented solution. In order to implement and reconfigure desktop virtualization solutions, manufacturers must train virtualization professionals that have up-to-date knowledge and a sufficient degree of abilities. Currently, there is a shortage of qualified workers on the market.
VDI, or virtual desktop infrastructure, is not a new idea. However, the COVID-19 pandemic has made VDI a public issue, and 2020 has been the year that this technology gained widespread usage. Although the pandemic has impacted almost every industry in the world, VDI adoption has been phenomenal as more and more businesses transition their entire workflow to remote working. Some businesses were compelled to quickly adjust and set up the necessary computing infrastructure for remote workers after the widespread shutdown to stop the corona virus's spread. Since it has become obvious that VDI solutions make sense, businesses have used them extensively.
The large enterprises segment is estimated to have a lucrative growth, due to the advantages offered by these technologies, which include a reduction in energy consumption, security risks, and replacement rates, all of which lead to cheap ownership costs and excellent returns on investments. Additionally, these technologies provide centralised management of hardware, software, and applications, which boosts utilisation and lowers management costs.
The healthcare and life sciences segment is anticipated to witness the highest CAGR growth during the forecast period. The desktop virtualization has improved the healthcare industry as a whole by giving medical practitioners speedy, safe access to patient data whenever and wherever they need it. This has assisted them in overcoming all the conventional difficulties experienced by the sector in maintaining patients' paper records and giving them access to electronic medical records.
North America is projected to hold the largest market share during the forecast period owing to its achievements in digital and cloud technology. Additionally, the existence of significant suppliers and increased government support for regulatory compliance are the main drivers of the industry's growth. The market expansion in the region is further fuelled by the increasing acceptance of desktop virtualization solutions across end-user industries, including BFSI, IT & telecom, manufacturing, and others.
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the increasing number of start-ups in the area. The adoption of desktop virtualization technologies has a great potential in the region's emerging economies, including China, India, Japan, and South Korea. These nations are experiencing significant economic expansion.
Some of the key players profiled in the Desktop Virtualization Market include VMware, Citrix Systems, Oracle, Microsoft, Huawei, IBM, Cisco Systems, AWS, KYNDRYL Holdings, NTT Data, DXC Technology, SOFTCHOICE, Hewlett Packard Enterprise (HPE), Pure Storage and Amazon Web services Inc.
In February 2022 IBM acquired Neudesic, a leading Microsoft Azure Consultancy, to expand IBM's portfolio of hybrid multicloud services and influence the company's hybrid cloud and AI strategy.
In November 2021 VMware and Vodafone partnered. The partnership aims to deploy the full VMware Telco Cloud Platform in all European markets. In addition to utilizing Telco Cloud Infrastructure for NFV, Vodafone will access VMware Tanzu for Telco and VMware Telco Cloud Automation.
In July 2021 Cisco acquired Socio Labs. The acquisition would expand Webex offerings beyond meetings, webinars, and webcasts; would include conferences; and would add power to the future of hybrid events.
In March 2021, Amazon Web Services launched an AWS Solution Consulting offer, Virtual Desktop Accelerator. It is supported by consulting engagement from RedNight Consulting. Virtual Desktop Accelerator will speed up Amazon WorkSpaces deployment.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.