Virtual Desktop Market: Introspective Market Research Reveals Why This Market is Expected to Reach $130.40 Billion by 2028 at a CAGR of 17.1%

Global Virtual Desktop Market Overview:

The global Virtual Desktop Market size was USD 43.19 Billion in 2021 and is projected to generate around USD 130.40 Billion by 2028, growing at a CAGR of around 17.1% from 2022-2028.

A virtual office provides an actual address as well as office-related services without the cost of a long lease or administrative staff. Employees can work from anywhere in a virtual office while still having access to things like a mailing address, answering machine services, conference rooms, and video conferencing. Virtual offices serve consumers as a single entity but have no physical location. This type of setup is especially common among startups and small businesses looking to cut costs. The growth of virtual offices has been aided by the development of web-based office software and services, such as videoconferencing.

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A virtual workplace attracts consumers in two ways. For starters, a virtual office costs a lot less per month than a typical workplace. After all, it requires no upkeep or upkeep, and it doesn’t need staff. A virtual office can also be rented on a monthly basis, giving users more flexibility if their business needs to change (no waiting for a lease to expire or incurring the cost of a lease). broken). Second, a virtual office can provide services such as a mailing address, phone answering, and video conferencing. Therefore, a small business may seem bigger than it is. It can also give users a physical address (or multiple addresses) where they can meet customers. As a result, the virtual desktop market is expected to grow over the forecast period.

Top Key Virtual Office Market Players:

  • Opus Virtual Desktops
  • The executive center
  • reflection space
  • Regus Group Companies
  • Rovva
  • Servcorp
  • Northwest Registered Agent LLC
  • OBC Switzerland AG
  • Office Evolution and its subsidiary
  • Virtual Headquarters
  • Alliance Virtual Offices
  • Davinci Virtual Offices
  • smart office
  • Sococo

Market Dynamics and Drivers:

Virtual offices, as one of the most important parts of the flexible workspace industry, provide a variety of business services without the upfront costs of renting or buying traditional office space. A wide range of employees can benefit from virtual office technology, which includes digital storage, coworking spaces and communication services. The growing demand from IT companies and the growing need for remote working due to the epidemic has presented exciting opportunities for players in the virtual office market. Additionally, companies that have adopted virtual offices have been able to reduce employee commute time and use office space more efficiently. The above-mentioned causes have boosted the acceptance of virtual offices among startups and small and medium-sized enterprises, and hence, the virtual office market is expected to grow in 2020. However, all the reliance on the internet for work is a significant hindrance . Interruptions in internet access could shut down the entire organization, wasting time and money. The growth of the global virtual office market is being stifled by the growing requirement for human touch for employee training and performance monitoring.

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Virtual Desktop Market Report Highlights:

  • By type, the cloud-based segment is expected to hold the major market share during the forecast period. SD-WAN, a cloud-based product, is ideal for companies transitioning to or expanding their distributed workforce.
  • By service, the remote work access segment is expected to dominate the market over the projected period.
  • By type, the large organization segment is expected to hold the major share of the market over the forecast period. For larger or established companies, a virtual office allows them to test new markets. Businesses looking to expand into a new market can test their ideas in a virtual office without risking financial loss.
  • In 2020-2021, the global virtual office market was dominated by North America, followed by Europe. The growing consumer appetite for flexible working may be linked to the rise of these places. Virtual office markets in the UK and US are mostly mature.

Industry key development:

In January 2022, Deutsche Telekom is launching its first-ever virtual desktop using Aurea’s Sococo platform, according to Aurea Software Inc., the “Netflix of enterprise software”. The test will run through March and will be used to better connect the company’s remote workers as well as promote culture and collaboration within the company’s customer support teams.

In May 2022, SBN Wisconsin, a subsidiary of London-based flexible working solutions provider SBN Ltd., opened, offering the global company’s virtual office services to entrepreneurs and business owners in Wisconsin, ‘Illinois and Michigan.

Virtual Desktop Market Segmentation:

By type

  • Cloud-based
  • web-based
  • Others

By Services

  • Team apps
  • Access to remote work
  • Teleconference
  • Video conference
  • Online storage
  • Others

Per end user

  • WEBSITE Services
  • Government agencies
  • Independents
  • start-up
  • Large organizations
  • Others

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For this report, Introspective Market Research has segmented the virtual desktop market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

  • North America
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Turkey
    • The rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Iran
    • Rest of MEA
  • Latin America
    • Brazil
    • Argentina
    • Rest of LATAM

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Report Scope:

The objective of the research is to provide market knowledge and strategic insights to help decision makers make informed investment decisions and identify potential gaps and growth opportunities. Historical revenue and sales volume are reported, and additional data is triangulated using top-down and bottom-up methodologies to predict forecast figures for important regions covered in research, as well as classified and well-known types and end-use industries. The Virtual Office Market study explores the competitive landscape of the global market. Besides rivals market share research, in-depth profiling, product/services and business insights, the study focuses on BCG Matrix, Heatmap Analysis and SWOT Analysis to better correlate the market competitiveness. Five forces analysis, Ansoff matrix, PESTEL analysis and value chain analysis are used to better understand the market conditions.

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