Desktop Virtualization Market Growth, Trends, And Forecasts (2019 – 2024)
Desktop Virtualization market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The desktop virtualization market was valued at USD 5.51 billion in 2018 and is expected to reach USD 9.78 billion by 2024 registering a CAGR of 10.79% during the forecast period of 2019-2024.
The Desktop Virtualization market is highly competitive and consists of a number of major players. Top Companies like Citrix Systems Inc., Toshiba Corporation, IBM Corporation, Huawei Technologies Co. Ltd, Microsoft Corporation, Parallels International GmbH, DELL Technologies Inc., Red Hat Inc., NCOMPUTING Inc., Ericom Software Inc. among others.
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Scope of the Report
Desktop virtualization is a type of virtualization technique that separates personal computing desktop from a physical machine using the client-server model of computing. This has become a mainstream IT strategy for companies of all sizes. Desktop virtualization involves the separation of the physical client device from the operating system. The data needed for the desktop is stored in a centralized or remote server and not on the client device. This allows users to access their data from anywhere and anytime.
Desktop Virtualization falls completely in sync with cost reduction and hence cost effectiveness is expected to be a key driving factor for the growth of the market.
Credit card data and social security numbers of individuals are the targeted information attacked by hackers. Cloud services are in high demand and are experiencing high adoption, with the rise in the demand for IoT systems across the industry verticals. There is a rapid shift toward automation and pouring investments in new technologies are driving value creation, whereas, cloud adoption helps the rationalization of costs.
Key Market Trends
Cloud Deployment Expected to Witness Significant Growth
Cloud computing is being used by various organizations to reduce operational costs and ease the access to data and applications that are not installed on the computers or servers. Easy implementation, accessibility and flexibility of cloud hosting are expected to drive the adoption of cloud computing by organizations. Cloud deployment includes service models such as Desktop-as-a-Service (DaaS), Workspace-as-a-Service (WaaS), and Application/Software-as-a-Service (SaaS). Desktop virtualization is offered as a service over cloud networks with all computing and supporting infrastructure hosted on the service providers side, in a cloud deployment mode which makes the migration of data between working environments easy.
The desktop virtualization market is neither fragmented nor consolidated and there are many innovations and developments coming in the market.
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North America Expected to Hold Largest Market Share:
North America region being the base location of leaders across industry verticals is the largest regional market for desktop virtualization. The United States is the largest consumer of desktop virtualization in North America. The presence of the market leaders, a significant number of cloud service providers and increasing number of hosted servers in the United States are the major contributors of the growth of the US segment of the market studied.
The presence of the major companies in the country has led to setting up of new workspaces in Canada due to the proximity of the developed counterpart and emphasis on installing eco-friendly and energy-saving practices, thus bolstering the growth of the market across the demographic.
What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Desktop Virtualization Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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