Desktop virtualization is one of the top priorities for all IT companies. It has gained much importance over the past decade on account of different enterprises facing intense competitive pressure, leading to a cut-down of their operational costs. Desktop virtualization involves the separation of the physical client device from the operating system. This allows users to access their data from anywhere and at any time. The desktop virtualization market is estimated to grow rapidly at a CAGR of 54.59% for the next five years.
The economic factors and competitiveness are pushing enterprises to implement solutions that help in cost reduction of their information technology expenditures and focus on core business areas. The trend has gained prominence after the recession of 2007, which forced enterprises across the world to look for solutions that can meet these objectives. Apart from large enterprises, many small and medium-scale companies in North America have also started migrating to a virtual desktop environment. Increasing mobile workforce and the need for greater security are some of the major driving forces for the market’s growth.
North America is the major market for desktop virtualization solutions with a share of 65%, followed by Europe (18%) and Asia-Pacific (10%). For industry-wise implementation, financial services such as banking and insurance leads contribute the maximum to the desktop virtualization revenues with an estimated share of 31%, followed by healthcare at 12%, and government at 9% respectively. Security concerns are one of the major driving factors for the market’s growth in these industry verticals.
Some of the major vendors mentioned in the report are:
Key Deliverables in the Study