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Virtual Workspaces Software Market Size, Share, Growth Analysis Report By Deployment Mode (On-Premise and Cloud-Based), By Application (Product Development, Customer Support and Team Communication), By End-User (Small & Medium-Sized Enterprises and Large Enterprises), By Vertical(IT & Telecommunications, Manufacturing, Semiconductor & Electronics, Retail & Consumer Goods and Transportation & Logistics), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028

Covid-19

Global Virtual Workspaces Software Market Size, Share

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Insights

[215+ Pages Report] According to Facts and Factors, the global virtual workspaces software market size was worth around USD 9,273.40 million in 2021 and is estimated to grow to about USD 29,393.73 million by 2028, with a compound annual growth rate (CAGR) of approximately 21.20% over the forecast period. The report analyzes the virtual workspaces software market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the virtual workspaces software market.

logoMarket Overview

The system that uses interactive virtual displays, conferencing tools, and equipment synchronization to create a group environment is known as virtual workspace software. Providing numerous communication nodes and allowing for the sharing of ideas via the cloud makes it possible for sessions between groups to take place regardless of the location. Additionally, the software for virtual workspaces aids in the integration of project management software and business content management systems.

It can serve as a collaborative center for remote teams that cannot meet face-to-face regularly. Software for virtual workspaces gives team members structure and a framework for interaction, and they can see who else is "in the office," bringing teams together and giving them places to socialize. The software for virtual workspaces gives workers more flexibility in adequately balancing work and life, which will drive market growth during the projection period.

logoCOVID-19 Impact:

An increase in cases of COVID-19 across the globe is resulting in an economic slowdown, and millions of employees are working from home for the first time during this pandemic. COVID-19 has directly affected the daily operations of various industries. Numerous global organizations have adopted virtual collaboration due to the pandemic and reduced costs. This is projected to fuel the global virtual workspaces software market during the COVID-19 pandemic.

logoKey Insights

  • As Per the analysis shared by our research analyst, the global virtual workspaces software market value will grow at a CAGR of 7.50% over the forecast period.
  • The global virtual workspaces software market was valued at around USD 9,273.40 million in 2021 and is projected to reach USD 29393.73 million by 2028.
  • The software for virtual workspaces gives workers more flexibility in adequately balancing work and life, which will drive market growth during the projection period.
  • By deployment mode, the cloud-based segment will dominate the market in 2021.
  • By vertical, the IT &telecommunications segment will dominate the market in 2021.
  • North America will dominate the global virtual workspaces software market in 2021.

logo Growth Drivers

  • The rising adoption of virtual workspaces software by various businesses is likely to pave the way for global market growth

One of the key drivers propelling the virtual workspace software market is large businesses' ongoing usage of workspace technologies in a virtual desktop. The market for virtual workspace software is also growing due to continued investment in advanced technologies that improve the functionality of virtual workspace management products. Additional factors projected to drive the market include increased demand for virtual lifecycle management facilities, business continuity, increased data security, and the high availability of management tools.

logo Restraints

  • Lack of awareness among businesses hampers global market growth.

During the projection period, the market is anticipated to be constrained by a lack of awareness among business organizations, poor integration of legacy applications, and security and compliance concerns related to the product. The workforce's lack of education and training may impede the software development for virtual workspaces over the anticipated timeframe.

logoSegmentation Analysis

  • The global virtual workspaces software market is segregated based on deployment mode, application, end-user, vertical, and region.

By on deployment mode, the market is segregated into cloud-based and on-premise. Over the forecast period, the cloud-based segment is expected to develop fastest in 2021. Increased use of cloud technology, a boost in cloud-based services, and significant funding for research efforts are all linked with the segment's growth.

By application, the market is divided into product development, customer support, and team communication. Over the forecast period, the customer support segment is expected to develop fastest in 2021. System upgrades are ongoing due to the operating systems' quick technological advancements. Customer support services are necessary for virtual workspace software to stay current with technical requirements, continuously import or export data, and frequently update the solutions.

By end-user, the market is divided into small & medium-sized enterprises and large enterprises. Over the forecast period, the large enterprise segment is expected to develop fastest in 2021. The primary factor driving the virtual workspace software market is large enterprises' continued usage of workspace features in virtual software. The large enterprise segment is expected to generate about USD 27,000 million in revenue by 2027. 

By vertical, the market is divided into IT & telecommunications, manufacturing, semiconductor & electronics, retail & consumer goods and transportation & logistics. Over the forecast period, the IT & telecommunications segment is expected to develop fastest in 2021. The development of data centers that provide a comprehensive virtual software-defined architecture to businesses is associated with expanding the IT and telecommunications sector. 

logoReport Scope

Report Attribute

Details

Market Size in 2021

USD 9273.40 Million

Projected Market Size in 2028

USD 29393.73 Million

CAGR Growth Rate

21.20% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Atlantis Computing, Bitrix Inc., Ivanti Software, Citrix Systems, Dell Inc., Microsoft Corporation, Cisco Systems Inc., Matrix42, RingCube Technologies, Sococo, PRYSM, VMware Inc., Amazon Workspaces, BLUESCAPE, and Others

Key Segment

By Deployment Mode, Application, End-User, Vertical, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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logoRecent Development-

  • In January 2019 - IGEL announced a partnership with Tehama, a cloud-based platform that secures and simplifies global IT operations, to provide amazon web services (AWS) Workspaces to end users via the industry-leading teradici PCoIP software client for Linux.

logoRegional Landscape

  • Widespread adoption of virtual workspace software is likely to help North America dominate the global market

North America will dominate the virtual workspaces software market in 2021 due to the region's widespread adoption of virtual workspace software. Due to its early acceptance and application of advanced and creative technologies, the U.S. is a significant market in the area. The high level of product adoption in the region is credited with the expansion of the regional market, as is the paradigm change seen in the technological community, which includes cloud computing, IoT, big data, and machine learning.

logoCompetitive Landscape 

Key players within the global Virtual Workspaces Software market include 

  • Atlantis Computing 
  • Bitrix Inc. 
  • Ivanti Software 
  • Citrix Systems 
  • Dell Inc. 
  • Microsoft Corporation 
  • Cisco Systems Inc. 
  • Matrix42 
  • RingCube Technologies 
  • Sococo 
  • PRYSM 
  • VMware Inc. 
  • Amazon Workspaces 
  • BLUESCAPE 

Global virtual Workspaces Software Market is segmented as follows:

logoBy Deployment Mode 

  • On-Premise
  • Cloud-Based

logoBy Application 

  • Product Development
  • Customer Support
  • Team Communication

logoBy End-User 

  • Small & Medium-Sized Enterprises
  • Large Enterprises

logoBy Vertical 

  • IT & Telecommunications
  • Manufacturing
  • Semiconductor & Electronics
  • Retail & Consumer Goods
  • Transportation & Logistics

logoBy Region

  • North America

    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

Covid-19

Virtual Workspaces Software Market

The pandemic continues to cause unprecedented disruption across industries worldwide.Get detailed insights regarding the impact of COVID-19 on the market. Request Sample

Industry Major Market Players

  • Atlantis Computing 
  • Bitrix Inc. 
  • Ivanti Software 
  • Citrix Systems 
  • Dell Inc. 
  • Microsoft Corporation 
  • Cisco Systems Inc. 
  • Matrix42 
  • RingCube Technologies 
  • Sococo 
  • PRYSM 
  • VMware Inc. 
  • Amazon Workspaces 
  • BLUESCAPE

Frequently Asked Questions

Strict enforcement of laws by government authorities mandating Virtual Workspaces Software Market.
According to Facts and Factors research report, the global Virtual Workspaces Software Market accrued earnings worth approximately XX (USD Billion) in 2020 and is predicted to gain revenue of about XX(USD Billion) by 2028, is set to record a CAGR of nearly XX% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market value over the estimated timeline. The regional market surge is subject to large-scale presence of giant participants in countries such as the U.S. Apart from this, favorable compensation policies along with high acceptance of new Virtual Workspaces Software Market will drive regional market trends. With regional governments enforcing strict laws pertaining to drug abuse, the market for Virtual Workspaces Software Market in North America is set to witness exponential growth over years to come. Legalization of cannabis in countries such as Canada and U.S. through passing of acts in parliament is likely to enlarge scope of Virtual Workspaces Software Market in North America over coming decade.
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