by Desktop virtualization technology allows desktop virtual machines to run within virtual environments on a centralized server thus enabling sharing of desktops across multiple devices. With desktop virtualization, companies can reduce hardware, management, and support costs. It enables enterprises to easily provision and deprovision desktops from a centralized location. Organizations across industries are increasingly adopting virtual desktop infrastructure solutions to transform their traditional workspaces into agile digital workspaces.
The global desktop virtualization market is estimated to be valued at US$ 12.3 Bn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The rising adoption of workspace transformation is expected to drive the growth of the desktop virtualization market over the forecast period. Organizations are rapidly moving from traditional desktops to virtual desktop infrastructure solutions to enable agile working environments for employees. Virtual desktop solutions help companies provide a consistent and secure digital workspace to employees across various locations through any device such as desktops, laptops, thin clients and mobile devices. This drives higher productivity and efficiency. Furthermore, the growing need to reduce costs associated with hardware, software, security and support is also fueling the demand for desktop virtualization solutions globally. Organizations can lower expenses substantially through desktop virtualization by avoiding costs involved in hardware refreshes and minimizing support costs.
Segment Analysis
The global desktop virtualization market is segmented on the basis of type, organization size and end use industry. Based on type, the market is segmented into hosted virtual desktops, hosted shared desktops and others. Hosted virtual desktops held the largest market share of around 60% in 2023 as they provide flexible access to virtual desktops from anywhere. Based on organization size, the market is categorized into small & medium enterprises and large enterprises. Large enterprises dominated the market with around 65% share as they have more budgets to invest in advanced IT solutions. Based on end use industry, the market is divided into IT & telecom, BFSI, education, healthcare, government and others. BFSI sector accounted for the highest share due to increasing need for enhanced security and mobility.
PEST Analysis
Political: Governments across regions are supporting digital transformation and encouraging adoption of advanced technologies like desktop virtualization to drive efficiency. Some nations have also introduced regulations for data security and privacy which is boosting demand.
Economic: Global economy recovered post-Covid pandemic which increased IT spending. Desktop virtualization solutions help reduce capital and operational costs enabling organizations to optimize resources.
Social: Increased mobility needs of modern workforce is a key driver. Employees prefer flexible working models and desire seamless access to desktops from any device or location which desktop virtualization fulfills.
Technological: Advancements in IT solutions like cloud, artificial intelligence and 5G networks have made desktop virtualization more powerful and scalable. Integration of these technologies is further augmenting capabilities and fueling adoption.
Key Takeaways
The Global Desktop Virtualization Market Size is expected to witness high growth at a CAGR of 9.5% during the forecast period of 2023 to 2030.
Regional analysis: North America dominated the market owing to strong technology adoption in the US and Canada. The Asia Pacific region is projected to grow at the fastest pace due to rapid digitalization and economic growth in countries like China, India and Japan.
Key players operating in the desktop virtualization market are Butterfield & Robinson, Backroads, Trek Travel, DuVine Cycling + Adventure Co., Exodus Travels, Intrepid Travel, TDA Global Cycling, Bicycle Adventures, Freewheel Holidays, Cycling for Softies. Key players are focusing on new product launches and partnerships to gain higher market share. For instance, in 2022 Butterfield & Robinson partnered with Exodus Travels to strengthen its presence in adventure travel segment in Europe and Asia.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
