The 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. The desktop virtualization solutions are helping organizations save costs on hardware and its maintenance and driving the desktop virtualization market.
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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.
The major vendors covered in the Desktop virtualization market include Citrix systems (US), VMware (US), Microsoft (US), Cisco Systems (US), Oracle (US), IBM (US), Huawei (China), Kyndryl Holdings (US), DXC Technology (US), NTT DATA (Japan), Amazon Web Services (AWS) (US), Softchoice (Canada), Nutanix (US), Pure Storage (US), NetApp (California), Ivanti (US), Nasstar (UK), Datacom (New Zealand), NComputing (US), Evolve IP (US), Ericom Software (US), Parallels International (US), V2 Cloud (Canada), Kasm (Virginia), Itopia (US), ClearCube (US), Hewlett Packard Enterprise (US), Adar (US), Systancia (France), and HiveIO (US). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches to expand their presence in the desktop virtualization market.
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Citrix Systems, Inc. is an American multinational cloud computing and virtualization technology company that provides server, application and desktop virtualization, networking, software as a service (SaaS), and cloud computing technologies. Citrix provides a technology platform that brings virtualization, workspace, intelligence, data analytics, and a zero-trust security approach to provide a seamless experience that enhances innovation and resilience. Citrix enables secure, sustainable remote work models to streamline the multi-cloud journey. The companys specialties are in App and Desktop Virtualization, Cloud Services, File Sync and Sharing, Digital Workspace, Employee Experience, Future of Work Networking, and Enterprise Mobility Management. The company offers Citrix DaaS solutions that let businesses securely distribute DaaS and Virtual Desktop Infrastructure (VDI) apps and desktops over any network to any device.
VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. VMware, Inc. is involved in the facility of cloud infrastructure and enterprise mobility. Its products are Hybrid Cloud Computing, Software-Defined Data Center (SDDC), and End-User Computing. It supports modernizing data centers, empowering digital workspaces, integrating public clouds, and transforming security. The SDDC category contains VMware vSphere, a data center platform that utilizes hypervisor software and provides the vital compute layer for VMware environments. The company offers solutions, such as Desktop and App Virtualization Solutions, to allow users to access resources from a remotely connected device.
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