Global Desktop Virtualization Market in Energy Sector - Segmented by Desktop Delivery Platform (HVD, HSD), Deployment Mode (On-premises, Cloud), and Region - Growth, Trends, and Forecast (2018 - 2023)
The global desktop virtualization market in energy sector is expected to register a CAGR of 10.13% over the forecast period (2018-2023).The demand for energy is ever-expanding. This puts pressure on enterprises in the energy sector to cut down their operating costs and streamline business processes. This is leading to the deployment of various solutions to meet this requirement. One such technology being adopted by enterprises in the energy domain is desktop virtualization, which allows them to run multiple operating systems and applications, thereby making their IT infrastructure simpler and efficient. With cloud computing transforming the energy sector, desktop virtualization is expected to enable this transition. It helps meet the needs of the users more effectively and securely.
Growing Adoption of Cloud Computing is Driving Market Growth
Cloud computing is being used by several organizations to reduce costs and have access to the data and applications that are not installed in the computers or servers. Clouds have emerged as an infrastructure which will enable rapid delivery of computing resources as a utility in a dynamically scalable and virtual manner. Today, 85% of enterprises have a multi-cloud strategy, up from 82% in 2016. The higher cloud adoption rate and the inclination of enterprises towards deploying desktops on cloud are driving the usage of desktop virtualization.
HVD Holds the Largest Market Share
HVD is used to connect applications to the data stored on remote servers. The (cloud) service provider is held responsible for data storage, backup, upgrade, and security. Features like high availability and power optimization are quite common across cloud-based products and services in the market. The competitors are focused on incorporating Virtual Desktop Infrastructure (VDI) with their cloud workspace, expanding the capabilities of performance monitoring, improving client experience with device performance, and identifying integration along with delivery of VDI on converged as well as hyper-converged infrastructure platforms.
North America holds the Largest Market Share
North America holds the major share of the market. The IT & telecommunications industry in the region is the largest among other regional markets. Organizations in this industry in North America are early adopters of the desktop virtualization, as it helps the vendors to offer tailor-made solutions for the industry. With established presence and more penetration of the organizations, they provide high-quality services to the users in the region to survive competition. The presence of the major companies in the United States has led to the setting up of new workspaces in Canada due to the proximity to the developed counterpart and emphasis on installing eco-friendly and energy-saving practices. This has further bolstered the growth of the market across the demographic.
Key Developments in the Market
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