ID: MRFR/ICT/6226-HCR | February 2021 | Region: Global | 100 pages
Client virtualization market is expected to grow from USD 5.11 billion in 2018 to USD 15.75 Billion by 2023 at a CAGR of 17% from 2021 to 2028.The immense growth is prospected to be the result of the growing adoption of BYOD (Bring Your Own Device) by several enterprises.
Along with that, it is observed that the demand for a better and centralized management system to ensure security and data recovery is also rising. These factors are pushing the market towards huge growth in the upcoming years. It is because Client management is a new technology in the market. It is used for isolating the environment of computer desktops from physical computers. As of now, enterprises use three types of client virtualization. They are Virtual Desktop, Application Virtualization, and Presentation Virtualisation Software. It ensures flexibility to the employees and enhances the workflow.
However, low awareness about cloud virtualization in the market can have a negative impact on growth. But, the rapid adoption of cloud-based software is aimed to create new opportunities for the market to flourish. Also, several investments and other factors are influencing the market growth at a certain rate.
Due to COVID-19 disease, the market saw significant negative growth during the first several months of 2021. But, it has forced the enterprises to strengthen the remote workforce with necessary services. Thus, in the future, the rising need for cloud-based services will be beneficial for the Client Virtualization Market. Also, the rising demand for disaster recovery will be helpful to sustain the downtime costs. Therefore, the market value will eventually rise during the forecast period.
The major drivers of the Client Virtualization Market Growth are the growing adoption of BYOD or Bring Your Own Device by various enterprises. Also, the growing demand for a centralized system will further drive the market at a significant rate. Now, the enterprises across the world upon the policy of work from home until the pandemic get over. As a result, the demand for cloud-based systems will rise which will eventually fuel the Client Virtualization Market.
However, despite several factors, crucial restraints will hinder the market growth in the forecast period. The client virtualization requires high-speed internet and network connectivity for operation. It means it will be difficult for the client virtualization market to register growth in remote poorly developed areas.
The rising investments by stakeholders and a growing number of enterprises are opening several opportunities. Especially the developing nations like India and China will provide huge opportunities to expand the market growth in the forthcoming years. Also, the network developments such as 5G and cloud computing systems will escalate the client virtualization market growth.
One of the major challenges is to find skilled professionals in the field for smooth operation. Thus, providing training to handle complex data and ensuring security can be challenging for enterprises. Also, the lack of awareness about client virtualization can slow down client virtualization market growth.
According to the Client Virtualization Market Analysis, the market will record huge growth in the upcoming years. It is estimated that the Compound Annual Growth Rate (CAGR) will reach up to 17% during the forecast period 2021-2028. Also, the market value is further estimated to expand up to USD 15.75 Billion. Several driving factors such as the growing adoption of BYOD and supportive government policies will boost the market growth at a huge rate.
Value Chain Analysis
There are various reasons that will influence the market growth during the forecast period. The growing number of enterprises will further enhance the value chain of the market. The telecommunications and IT industries will adopt new technologies at a faster rate. Also, the growing use of cloud services will increase the demand for client virtualization solutions. This will help to improve security and provide flexibility to the IT sector extensively.
The Client Virtualization Market Segments are divided into vertical, virtualization type, and organization size. On the basis of Virtualization, the Client Virtualization Market is segmented into Presentation Virtualization, Application Virtualization, and Desktop Virtualization.
On the basis of industry vertical, the Client Virtualization Market is further bifurcated into Retail, Telecom and IT, Public Sector and Government, Banking, Financial Services and Insurance (BSFI), Manufacturing, Healthcare, Education, Telecom and IT and Others
On the basis of organization size, the Client Virtualization Industry is classified into Large Enterprises and Small and Medium Enterprises.
On the basis of geography, the Client Virtualization Business is segmented into Europe, North America, Asia-Pacific, and the Rest of the World. Among all these regions, North America will contribute to the largest market Client Virtualization Market Share in the upcoming years. One of the major reasons for the enormous growth is the developed and advanced countries like Canada and the US. Along with that, Mexico is also contributing to the overall growth of the market. The growing presence of several key players and the availability of developed infrastructure is a vital reason.
Along with that, the Asia-Pacific region will record the highest CAGR in the upcoming period. The rising Client Virtualization Market Trends in countries like India, China, Japan, South Korea, are fuelling the market growth. An increasing number of small and large enterprises are further propelling the growth rate.
Even the European region will hold the second largest Client Virtualization Market Size. Several investments and growing advanced infrastructure are developing the market. Countries such as France, U.K., Italy, Spain, and Germany are moving forward with innovations to promote the market.
The major key players largely contribute to the growth of the Client Virtualization Industry. With the use of different strategies, they always compete with each other to expand their business portfolio. They do product launches, mergers, acquisitions, market analysis, collaborations, new ventures, system upgrades, etc. These are the vital key players in the Global Client Virtualization Market-
No recent developments were found.
The overview of the Client Virtualization Market Research Report is as follows-
Report Score and Segmentation
The report score is to give information about the Client Virtualization Business during the forecast period. The report highlights the strengths and potential of the market. Also, it gives a subtle amount of information about the key players in the market. The report is created by taking help from secondary and primary sources.
|Market Size||USD 15.75 Billion (2023) USD 9.25 Billion (2023)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Virtualization Type, by Organization Size|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||VMware, Inc. (US), Microsoft Corporation (US), Citrix Systems, Inc. (US), Huawei Technologies Co., Ltd (China), Cisco Systems, Inc. (US), IBM Corporation (US), Parallels International GmbH (US), Toshiba Corporation (Japan), Oracle Corporation (US), HP Inc. (US), NComputing Co. LTD (South Korea), Evolve IP, LLC (US), Ericom Software (US), Amazon Web Services, Inc. (US), and Nutanix (US).|
|Key Market Opportunities||The growth can be attributed to the increasing adoption of BYOD trend among enterprises and demand for a centralized management system to implement the security and disaster recovery strategies effectively.|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The client virtualization market can thrive at 12.6% CAGR by 2023.
The client virtualization market can value at USD 9.52 Bn by 2023.
In 2018, the client virtualization market can value at USD 5.11 Bn.
Oracle Corporation (US), Toshiba Corporation (Japan), and HP Inc. (US) are some reputed names in the client virtualization market.
The North America client virtualization market can hold the pole position in years of assessment.