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IN THE NEWSOctober 2021: Citrix systems, Inc. and Google Cloud teamed up and expanded their strategic partnership to deliver hybrid work for enterprise customers, with Citrix launching a new Desktop-as-a-Service (DaaS) offered on Google Cloud.
May 2019: Nutanix optimized its multi-cloud services, Xi Frame, Xi Leap and Xi Beam, which are desktop-as-a-service (DaaS) solutions, with additional capabilities.
The global desktop-as-a-service (DaaS) market is estimated to be worth approximately USD 35 Billion by the end of 2031, by growing at a CAGR of ~24% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to increasing government initiatives to improve IT infrastructure along with increasing IT spending, demand for cloud-based virtual services and adoption of cloud computing services, and growing trends of BYOD (bring-your-own-device) policy. Global IT services spending was estimated to be over USD 1 Trillion in 2021, while, in 2020, cloud computing was estimated to have generated over USD 300 Billion in revenue.
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Organisations are rapidly moving beyond desktop-centric workspace to a multi-device anywhere, anytime infrastructure providing remote access across length. Growing trends of remote working and BYOD policies are creating potential growth opportunities for virtual desktop services, transforming the IT infrastructure. Desktop-as-a-Service is a component of virtual desktop infrastructure (VDI) where it is outsourced to and operated by a third-party through a cloud-based server. The cloud services provider hosts the infrastructure, network resources, and storage in the cloud server, streaming a virtual desktop, where a user can access the desktop’s data and applications through a web browser or other software.
Moreover, benefits such as cost-effectiveness, data control, continuous security control, and centralized administration are also expected to foster the growth of the global DaaS market. It has been projected that nearly 80% of all virtual desktops will be DaaS by 2024, up from over 30% in 2021.
However, lack of awareness regarding the benefits of DaaS is restraining the market growth. In addition to that, concerns over data privacy and security are hindering the adoption of DaaS, challenging the growth of the market further.
The market is segmented by deployment type into public cloud, private cloud, hybrid cloud, out of which, the public cloud segment is projected to hold the largest market share by growing at a rate of nearly 18%. Among other cloud services, public cloud is the most cost-effective, where services are offered to customer through a pay-as-you-go model which means there is not upfront investment to be made. The cloud service provider ensures proper management and maintenance of the system and the customer only pays for services consumed. Global public cloud DaaS spending, in 2021, crossed USD 2 Billion.
Based on enterprise size, the market is segmented into small & medium-sized enterprises and large enterprises, out of which, small & medium sized enterprises segment is anticipated to hold the largest share of the global market over the forecast period. Owing to low capital, SMEs have high device-as-a-service adoption rate to prioritize their investments by leasing hardware and associated services instead of purchasing high-cost hardware devices. This leads to higher adoption of desktop virtualisation services among SMEs.
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Geographically, the global desktop-as-a-service (DaaS) market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America region is expected to hold the largest market share owing to increasing demand for cloud-based infrastructure and high presence of prominent IT giants in the region.
Asia-Pacific region is projected to register highest growth over the forecast period owing to rapid adoption of cloud-based solutions and services. Furthermore, strong economic growth in countries such as China and India, and rising digitization along with increasing investments in IT infrastructure are expected to provide potential growth opportunities for the market.
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The global desktop-as-a-service (DaaS) market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
Our in-depth analysis of the global desktop-as-a-service (DaaS) market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing initiatives to improve IT infrastructure, IT spending, demand for cloud-based virtual services, adoption of cloud computing services, and growing trends of BYOD policy are the major factors driving the market growth of the global desktop-as-a-service (DaaS) market.
The market is anticipated to attain a CAGR nearly 24% over the forecast period, i.e., 2022-2031.
The major players in the market are VMware, Inc., Citrix Systems, Nutanix, Cisco Systems, Inc., Microsoft, Venn, Google Cloud, Amazon Web Services, Inc., IBM, SolarWinds Worldwide, LLC, Parallels International GmbH, Red Hat, Inc., Oracle, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by deployment mode, enterprise size, end-user, and by region.
The public cloud segment is anticipated to hold largest market size in value and witness a modest growth over the forecast period.
Lack of awareness regarding the benefits of DaaS and concerns over data privacy and security are estimated to hamper the market growth.
Asia-Pacific region is expected to provide significant business opportunities for the growth of the market.
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