Increase in need to boost efficiency of employees, rise in adoption of BYOD across various industry verticals, enhancement in data security, and numerous benefits offered by these solutions such as enhanced data security, better desktop management, and increase in cost-savings associated with client virtualization solutions drive the growth of the industry. All these factors collectively provide opportunities for the market players in future. However, performance and compatibility issues of client virtualization solutions hinder the market growth.
The global client virtualization market garnered $4.22 billion in 2017 and is expected to reach $10.11 billion by 2025, registering a CAGR of 11.80% from 2018 to 2025.
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The healthcare segment would grow at the fastest CAGR of 16.70% during the forecast period. This is due to the surge in demand for client virtualization solutions in the healthcare sector to meet the unique challenges associated with the increasing need to shift from paper-based operations to electronic records and augmented demand for safeguarding patient information. However, the IT & telecom segment generated the highest market share of 23% in 2017 and is expected to remain dominant throughout the forecast period. The desktop virtualization solution is widely used by IT & telecom organizations to create an agile IT infrastructure which complement their business imperatives. Moreover, increased need for reducing IT infrastructure costs among these organizations drive the market growth. The study also analyzes construction & manufacturing, BFSI, public sector, retail, education, and other industry verticals.
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Among the types, the desktop virtualization segment contributed more than half of the total market share in 2017 and would maintain its lion’s share throughout the forecast period. Desktop virtualization provide significant benefits in improving productivity and reducing costs. However, the application virtualization segment is expected to grow at the fastest CAGR of 14.50% from 2018 to 2025. This is attributed to the increased adoption of application virtualization due to its numerous benefits such as ease of maintenance, greater portability, and simpler deployment across several versions of Windows OS. The other type explored in the research is presentation virtualization.
The key market players analyzed in the report include Cisco Systems, Inc., Citrix Systems, Inc., Huawei Technologies Co., Ltd., IBM Corporation, Microsoft Corporation, Oracle Corporation, Parallels Inc., Red Hat, Inc., Toshiba Corporation, and VMware, Inc. These companies have implemented various strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to gain a stronghold in the industry.
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