Microsoft Corporation, Dell Inc., Wipro Limited, Hewlett-Packard Company, Broadcom Inc. (Symantec Corporation), Citrix Systems Inc., HCL Technologies Limited, and Huawei Technologies Co. Ltd [Description of Report] The Indian desktop virtualization market is anticipated to grow at a CAGR of approximately 13.07 percent from 2021 to 2026. The face of business has drastically changed as a result of technological advancements that support contemporary work lifestyles. Dataquest claims that India is the world's fourth-largest market for virtual desktop infrastructure (VDI).
Key Features
India is driving the worldwide market, with an expansion in the pace of reception for work area virtualization in monetary administrations, IT-empowered administrations, and retail areas. The demand for VDI in India is being driven by these industries. Data security, management, and storage are of the utmost importance in these industries. The VDI has a significant impact on data management efficiency and flexibility. Because they enable remote work and collaboration, the COVID-19 pandemic is driving the adoption of cloud services across all industries. This, in turn, has raised the country's demand for desktop virtualization. Work area virtualization can be treated as a push to change with the rising pattern of the distant labor force. With the introduction of several innovative solutions offered by market leaders like Dell Inc. and Microsoft Corporation, among others, the percentage of employees telecommuting from various locations has increased. Increased work productivity is one of the top priorities for all end-user industries. The advantage of allowing employees to work from home and telework without compromising the safety and security of the tools and applications they use has led to this.
Central management, enhanced flexibility, reduced support and administration costs, enhanced security, and enhanced disaster recovery capability are, however, some of the primary advantages of desktop virtualization.
One of the most important IT strategies for financial services organizations of all sizes is desktop virtualization. Key Market Trends Accelerating Growth in Financial Services to Boost the Desktop Virtualization Market in India Desktop virtualization can speed up these businesses' time to market because technology makes IT mobility possible. Financial services providers from India operate globally across multiple time zones, so even a brief interruption could result in a devastating business crisis.
Customers of these businesses, who pay a lot of money for financial services, will not give up any services for outrage. Because of the high costs associated with installation and upkeep as well as the intricate infrastructure, many financial services organizations were reluctant to implement desktop virtualization. However, as rapidly developing technologies made virtual desktop infrastructure quite affordable, there has been a recent trend shift.
For virtual desktop infrastructure (VDI) deployments in the financial services industry, the most recent desktop virtualization solutions provide high levels of flexibility. The expansion in rivalry among merchants of cloud administrations has made it simpler and practical for the monetary administrations associations, to supply jobs to the cloud and backing consolidation and obtaining and occasional exercises during charge revealing and brief and long haul organizations.
Desktop virtualization is becoming increasingly important as more mobile and adaptable workforces boost productivity, reputation, and customer satisfaction-all crucial for a financial services company.
In the early stages of adoption, businesses implementing desktop virtualization solutions were skeptical about these systems' security and control. The on-premise segment holds the largest market share. With the on-premise section giving a huge control and security over a cloud, this organization model has seen fast reception throughout recent years.
Even though the Indian desktop virtualization market is currently dominated by the on-premise segment, the growing rate of cloud service adoption and the demand from small and medium-sized businesses are expected to increase cloud deployment model adoption in India over the forecast period.
Cloud-service providers offer service-level licenses, whereas clients are responsible for managing software and operating system licenses, making it difficult for most businesses to obtain licenses for cloud systems. On-premise license procurement is somewhat simpler. Network and customization benefits likewise support the on-premise model.
The desktop virtualization market in India is neither consolidated nor fragmented. The Indian IT market is expected to see numerous desktop virtualization innovations and developments due to widespread VDI adoption. Microsoft Corporation, Dell Inc., Wipro Limited, Hewlett-Packard Company, Symantec Corporation, Citrix Systems Inc., HCL Technologies Limited, and Huawei Technologies Co. Ltd. are a few of the major players in this market.
In April 2019, Dell Technologies, VMWare, and Microsoft planned to improve the compatibility of their workplace software with cloud computing technologies. Customers of Microsoft Azure can manage their IT operations in Azure by utilizing Virtualization software from VMware.
Azure Stack HCI Solutions, a new version of Microsoft Corporation's on-premise Azure product for hyperconverged infrastructure hardware, was launched in March 2019.
