The desktop virtualization industry garners $11,980.7 million revenue in 2021, and it is projected to rise at the rate of 13.1% in the coming future, to hit $36,258.9 million revenue in 2030. Virtual desktops provide numerous benefits compare to physical desktop machines, such as cost savings, easy administration, enhanced productivity, high security, agility, scalability, support for multiple types of devices, and improved user experiences.
In addition, the rapid adoption of the hybrid work models that facilitate remote work, from any device, and location in any time zone boost the adoption of digital technologies which makes desktop virtualization possible.
Desktop as a service contributes around 25% of the revenue share of the desktop virtualization software industry in 2021, and it is projected to experience annual growth of 13.5% in the coming future. It is led by the rising secured virtual desktop demand during the COVID-19 period, due to the wide adoption of hybrid work models to remain productive during the lockdown.
DaaS provides easy management, enhanced flexibility, and lesser ownership costs. It is used for the quick and easy construction of digital workspaces for businesses that provide remote work possibilities and personal device freedom.
The subscription-based pricing model captures a substantial share of the desktop virtualization industry. Several vendors provide free software, per hour charge, and several provide licenses or charges on an annual or monthly basis. The pricing strategies based on subscriptions are highly preferred and generate significant revenue.
Cloud-based virtualization software holds a substantial industry share, in terms of revenue. Cloud-based computing provides software access that runs on shared resources, including processing power, memory, and disk storage throughout the internet. Remote data centers maintain computing resources, as they are required to host applications on various platforms.
In addition, SMEs get benefitted from the cloud, as it facilitates users to function on applications at a lower price, with decreased software and hardware expenditure. The cloud provider can help in attaining higher productivity with the expansion of the software capabilities.
Large organizations with a workforce of more than 1,000 employees install virtualization software on functional systems for providing easy data access from centralized sources, along with security purposes. Machines have started to be virtualized, and it is a major trend to be seen on desktops.
Desktop and server virtualization provides support to businesses to attain a competitive edge, with reduced hardware costs, quicker provisioning and deployment of desktop and server, enhanced data security, disaster recovery, energy savings, and improved operational efficiency of IT.
North America captures a significant share of the industry, owing to the developed IT infrastructure, led by high IT investment, early adoption of cloud-based technologies, and 5G technology penetration in the region.
APAC is projected to experience the fastest growth in the coming years, led by the surging economy, rising investments in the IT sector, and increasing initiatives of the government and private entities for AI technologies and IoT deployment across various verticals.
Therefore, the wide adoption of hybrid work models and high investments in IT infrastructure proliferate the industry.
