Desktop Hypervisor Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-Based, On-Premises and Others), By Application (Healthcare, BSFI, Automotive and Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 08 April 2024

Desktop Hypervisor Market Report Overview

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The global desktop hypervisor market size was USD 13400 million in 2022 and is projected to touch USD 29335.3 million by 2031, exhibiting a CAGR of 9.1% during the forecast period.

By using a hypervisor, it is possible to separate a computer's operating system and programmes from its underlying hardware. To put it another way, it makes virtualization possible by enabling the physical host machine to run several Virtual Machines concurrently. Utilizing resources like memory, network bandwidth, and others more effectively is made possible by this. Additionally, virtual machines that share a host machine are nevertheless kept apart from one another. A higher level of anonymity is made possible for every Virtual Machine as a result.

COVID-19 Impact: The COVID-19 Underlying Condition Downfall the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The effects of COVID-19 were catastrophic for the desktop hypervisor market growth. The foreign currency market suffered the same fate as many other sectors of the economy in 2020 when all the major economies declared lockdown and imposed limits on international travel. When COVID-19 cases were at their zenith and unemployment reached unfathomable levels, remittances also hit terrible lows as a result of the growing number of job losses. Since everyone was occupied trying to make ends meet, there was no demand for FX trading.

LATEST TRENDS

"Increasing Adoption of Information Technology and Cloud Computing by Various Sectors to Boost Market Growth"

The desktop hypervisor market share is expanding due to the rising usage of ICT and cloud computing solutions across a variety of end-user industries, including healthcare, BFSI, IT, and telecom, among others. In order to cut operational costs, efficiently manage resources, and safeguard the critical data generated to gain a competitive edge and maximise revenues, these industries are increasingly using desktop virtualization solutions. The rapid expansion of the Bring Your Own Device (BYOD) trend has also clearly affected the desktop hypervisor market.

Desktop Hypervisor Market Segmentation

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• By Type

Based on type the desktop hypervisor market is classified as cloud-based, on-premises and others.

• By Application

Based on application the desktop hypervisor market is classified as healthcare, BSFI automotive  and others.

DRIVING FACTORS

"Rising Adoption Among Small Enterprises to Decipher the Market Share"

According to OECD statistics, SMEs (small and medium firms) account for 60 to 70 percent of jobs in the majority of OECD countries. The small business market is seeing an increase in demand for desktop virtualization solutions. The fact that desktop virtualization solutions do away with the requirement for technical personnel and IT resources, which are required to maintain and run systems, is credited with this increase. With servers and other equipment hosted by service providers, desktop virtualization solutions work as cost-effective options for small businesses because they have restricted budgets. For small enterprises in particular, certain suppliers, like VMWare, Citrix, and IBM, are providing desktop hypervisor solutions that are reasonably priced.

"Inflating Utilization in IT and Telecom Sector to Boost the Market Share"

Due to the fact that businesses working in the IT and telecom sectors are deploying desktop hypervisor solutions to lower the high costs of IT infrastructure while providing quick deployment and cutting-edge services, these industries have a sizable market share. Implementing cloud virtual desktop architecture reduces IT staff physical and training costs while facilitating streamlined and convenient access to operational services. The need for desktop virtualization solutions in the healthcare industry is increasing along with the requirement for a more flexible central management system that will support mobile applications that provide point-of-care medical services. The BFSI sector, which has a sizable client base and extensively relies on digitalized networking and data security technology to provide customer-centric services, is driven by a high demand for desktop hypervisor solutions.

RESTRAINING FACTORS

"Data Safety, Security Concerns and the Cost Associated to Restrain the Market Growth"

Despite the immense convenience that growing digitalization offers, it also raises the danger of data hijacking, spamming, and phishing. As a result, data security and safety are always issues. The high upfront expenditures and expenses related to the deployment of virtual desktop infrastructure (VDI), however, are impeding the desktop hypervisor market growth.

Desktop Hypervisor Market Regional Insights

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"North American region to Lead the Market With Presence of Major Players and Digitalization"

Global dominance in North American region is mostly fueled by the early adoption of new technology by regional businesses. The expansion of cloud-based desktop hypervisor deployment in the area is significantly influenced by the presence of large cloud service providers. Out of all the regional marketplaces, the IT and telecommunications sector in North America is the biggest. Large databases containing sensitive data are handled by businesses in the banking, healthcare, and government sectors. Deployments of desktop virtualization are something they are looking forward to employing because they protect the integrity of the intellectual property while also giving users flexibility. Hackers target personal information like credit card information and social security numbers. Due to the growing demand for IoT systems across all industrial verticals, cloud services are in great demand and are being widely used. Automation is advancing quickly, and money is being invested in new technologies, which is boosting value creation. Cloud adoption, on the other hand, aids in cost rationalisation.

KEY INDUSTRY PLAYERS

"Prominent Manufacturers to Contribute Towards Expansion of Market"

The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.

List of Market Players Profiled

• Microsoft Corporation (U.S.A)
• Oracle Corporation (U.S.A)
• NComputing (U.S.A)
• IBM Corporation (U.S.A)
• Citrix Systems (U.S.A)
• Cisco (U.S.A)
• Sierraware LLC (U.S.A)
• Dell Technologies (U.S.A)
• Huawei (China)
• Corel (Canada)
• Ericom (U.S.A)
• Amazon (U.S.A).

INDUSTRY DEVELOPMENT

• July 2022: Leostream, a well-known supplier of secure remote access software for corporations, recently announced a partnership with Virtuozzo, the inventor of alternate cloud computing models. By becoming a part of the Virtuozzo Technology Alliance Partner Ecosystem, Leostream has made it possible for robust virtual desktop environments to function on the software-defined, hyperconverged self-service platform from Virtuozzo.
• January 2020: Innovative cloud solutions were created in partnership between CloudJumper, a leader in cloud virtualization and computing, and XenTegra, a top supplier of integrated digital workplaces and managed services. Microsoft Windows Virtual Desktop is made easier and simpler by CloudJumper, enabling partners to create distinctive service solutions and services.

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players,  recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.