Desktop virtualization allows separation of personal desktop environment and applications from physical hardware to run on virtual machines located at both private and public data centers. It provides benefits like flexible access, centralized management and reduced IT hardware costs.
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 key trends:
The growing need for flexible workspaces among organizations has been a key driver propelling the demand for desktop virtualization solutions globally. Various industries have adopted the work from anywhere model through the remote working trend accelerated by the COVID-19 pandemic. Desktop virtualization provides secure access to virtual desktops from any location and multiple devices. This gives flexibility to employees to work productively while also reducing fixed infrastructure costs for organizations. As remote and hybrid work arrangements become mainstream, the demand for desktop virtualization solutions is expected to gain further momentum over the coming years.
Strength: Desktop virtualization provides centralized management of desktops and applications which reduces maintenance cost. It offers improved security as data is stored on centralized servers.
Weakness: Initial setup and deployment costs of desktop virtualization are high. It is dependent on network connectivity and any network issues can affect the virtual desktop performance.
Opportunity: Growing bring your own device trend in organizations is increasing the demand for desktop virtualization. Rising cyber threats is prompting organizations to adopt virtual desktop infrastructure for enhanced security.
Threats: Traditional PC vendors are pushing upgrades of physical desktops which can discourage organizations from deploying virtual desktop infrastructure. New entrants are offering virtual desktop solutions at competitive prices.
The Global Desktop Virtualization Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional Analysis: North America region currently dominates the market due to high adoption of digital technologies across various industries in countries like US and Canada. The Asia Pacific region is expected to grow at fastest pace due to increasing investments by foreign players in countries like India and China.
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. These players are focused on expanding into developing regions and enhancing their virtual desktop offerings with advanced features to gain more customers.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it