Desktop Virtualization Market Worth $20.1 Billion By 2027 - Exclusive Report by MarketsandMarkets

CHICAGO, May 25, 2022 /PRNewswire/ -- According to a research report "Desktop Virtualization Market by Type (Virtual Desktop Infrastructure, Desktop-as-a-Service, Remote Desktop Services), Organization Size, Vertical (Telecom, IT & ITeS, BFSI, Education, Healthcare & Lifesciences) and Region - Global Forecast to 2027", published by MarketsandMarkets, the global Desktop Virtualization Market size is expected to grow from USD 12.3 billion in 2022 to USD 20.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 10.3% during the forecast period. Desktop virtualization solutions provides a consistent and secure means for employees to work anywhere, thereby reducing the number of PCs and expensive hardware at workplaces, resulting in a decline in the cost for hardware maintenance.

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The BFSI vertical is expected to lead the Desktop Virtualization Market in 2022.

Desktop virtualization solutions help banks to achieve their business objectives of growth and sustainability by transforming the traditional PC system into a virtual environment. Today, banks are leveraging digitalization to make the workplace more flexible. Banks and financial institutions have adopted BYOD services to provide flexibility, in terms of working hours, to employees. These services allow them access to information at work, at home, or during travel. Desktop virtualization helps tighten security and follow compliance measures effectively even when banks consider expanding across geographic locations, including remote and rural areas.

Desktop-As-A-Service is expected to grow with the fastest growth rate during the forecast period.

The DaaS is a cloud-based, highly secure desktop virtualization approach that allows multiple users access a single instance of software application. It allows users to work from anywhere using their own devices, including thin clients, desktops, notebooks, tablets, and phones with high network bandwidth. The key players offering DaaS in the Desktop Virtualization Market are VMware (US), Cisco Systems (US), and Citrix Systems (US).