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Virtual Client Computing Software Market size was valued at USD 11.90 billion in 2019 and is poised to grow from USD 15.05 billion in 2023 to USD 98.71 billion by 2031, growing at a CAGR of 26.5% in the forecast period (2024-2031).

Virtual Client Computing market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. Companies are stressing on mergers and acquisitions and partnerships to develop technologically advanced products to gain a competitive edge. 'Citrix Systems, Inc.', 'VMware Inc.', 'Microsoft Corporation', 'Cisco Systems, Inc.', 'Oracle Corporation', 'Red Hat, Inc.', 'Amazon Web Services, Inc.', 'Huawei Technologies Co. Ltd.', 'Ericom Software', 'Parallels International GmbH', 'Dell Technologies Inc.', 'HP Inc.', 'Fujitsu', 'NEC Corporation', 'Lenovo Group Limited', 'IGEL Technology GmbH', 'Workspot, Inc.', 'Unidesk Corporation', 'Sangfor Technologies Inc.', 'NVIDIA Corporation'

Growing need for security and disaster recovery to avoid the high cost of network failure is expected to be one of the key factors driving the market growth as theft increases with the spread of technology. .

Expectations about future critical network capabilities and performance have risen significantly among stakeholders across business, societal and governmental spheres in the past couple of years, largely due to the solid performance of the digital infrastructure during the pandemic. At the same time, industry has continued to invest in evolved 5G and 6G research for a trustworthy and universal open connectivity platform that accelerates digitalization for enhanced social, economic and environmental outcomes, in accordance with the United Nations Sustainable Development Goals. Extended reality (XR) and immersive communication will shape the coming decade and become a major advantage in the realization of not only completely virtual met verses but also in the embedding of virtual content into the physical environment. Organizations are focusing on improving workplace productivity using a variety of software and tools, especially virtual client solutions. Individuals with access to such software and tools can securely access virtual desktops and data from remote locations. Digital productivity and collaboration tools are observing enormous upticks in usage across the globe. There will be constant growth in the demand for virtualization solutions and spending on specialized software, telecom services, and communications equipment. This spending will be concentrated on remotely working employees as firms are encouraging employees to work from home.

Globally, Asia Pacific held the largest virtual client computing software market share and is estimated to witness noteworthy growth over the forecast period owing to increasing rate of virtual client computing adoption in the region's data centers and BPOs. As, there in increment numbers of small and medium enterprises to drive growth in the Asia Pacific region.  The market expansion in the region is predicted to be fuelled by the increasing number of small and medium-sized businesses and significant foreign investments in cutting-edge technology. It was noticed that small and medium-sized enterprises, which make up a total of 97 percent of all businesses and 69 percent of the work population in a country, are a major driver in growing Asia's economies. Several MNCs have started their manufacturing facilities in countries such as China and India, which has led to increased foreign investments in innovative technologies. Additionally, the rising usage of smart devices, backed by the growing population in the region is predicted to accelerate market growth during the forecast period.  The arrival of cloud computing, analytics, and data virtualization has positively impacted the BFSI, telecom, and IT sectors in the region. The region has a strong cluster of SMBs and the growing awareness about the benefits of cloud, along with rapid technological advancements, are enabling SMBs to transform their business by adopting these solutions. The market in North America is anticipated to gain the largest market share during the projection period owing to the region's established IT infrastructure and increasing adoption of cloud-based technologies in the region’s manufacturing and banking sectors as the increment of Adoption of Cloud-Based Technologies to Drive Growth in the North America Region.

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Virtual Client Computing Software Market

Product ID: SQMIG45F2110