Your payment is in progress...

Financial Services Desktop Virtualization Market - Growth, Trends, COVID-19 Impact, And Forecasts (2021 - 2026)

Published on: Jan 2021 | From USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 120

The financial services desktop virtualization market was valued at USD 1622.37 million in 2020 and expected to reach USD 3837.62 by 2026 and grow at a CAGR of 15.43% over the forecast period (2021 - 2026).

- Organizations across industries have an ever-growing need to protect sensitive corporate data while controlling capital expenses.
- Finding the right balance can be a challenge especially in the financial services sector which has huge amounts of sensitive data, traditional IT infrastructure and constant threats from cybercriminals from across the world. That’s why more and more organizations in this industry are choosing a smarter alternative: virtual desktops.
- For example, Westpac Bank Group that serves 2.5 million customers globally turned to Citrix to enable business mobility throughout its global organization. Westpack then introduced a hosted virtual desktop solution by the help of Citrix transforming the delivery of services to the company’s retail business by allowing employees to use their own devices for work while improving mobility and security.
- Using Citrix technology to replace local servers with a centralized environment, Westpac has improved customer service and reduced IT costs.

Key Market Trends

Increasing Adoption of Cloud Services in Financial Institutions to Drive the Market Growth

- The cloud-based services have also boosted the demand for the virtualization market as the financial services companies are increasingly taking a cloud-first approach to new applications.
- According to the Enterprise Cloud Index Report released a few days ago by Nutanix, a leader in enterprise cloud computing, the financial sector outpaces other industries in the adoption of hybrid cloud, with the deployment of hybrid cloud reaching 21% penetration, compared to the global average of 18.5%
- Further, application streaming over the cloud is gaining popularity in the industry, with many enterprises choosing standalone application services. Cloud is preferred across industries, as it provides better scalability, data management, and cost savings.
- Moreover, cloud deployment makes the migration of data between working environments easy. Also, companies have the option to scale up their requirements and procure additional computing power and data without the need for physical installation. This flexibility enables better resource management.
- Desktop virtualization as a service over cloud has a special appeal for the BFSI segment because of the extra layers of defense it provides data and applications while ensuring that user experience is maximized. Data breaches remain one of the primary concerns of the financial services and this is shall remain the primary reason for the proliferation of desktop virtualization across this industry.

Asia-Pacific to Register Highest Growth Rate

- The IT industry in the Asian region has been lauded for its quality and quantity of IT services exports to the global markets.
- Asia hosts the major IT outsourcing destinations for the major market players across the financial services vertical. Many of the emerging markets in the region are expected to register higher growth rates than the mature economies.
- As these markets continue to grow in this trajectory, the need for financial services such as retail banking, asset management, insurance, capital market service, and others, is also increasing. Many industry players have been increasing their presence in the region to capture the market in this astoundingly fast-growing region.

Competitive Landscape

The financial services desktop virtualization market is a competitive market with prominent players like Citrix Systems, Inc., Toshiba Corporation, IBM Corporation, Microsoft Corporation, Huawei Technologies Co. Ltd, among others. To increase their footprint, most of the major players are signing long term agreements with Financial Institutions and providing customized solutions based on the need of the clientele. Some of the recent developments are as follows:-

- June 2019 - VMware in an attempt to bring public cloud experience to their data centers has acquired Avi Networks. It's an attempt by VMware to establish itself as a player that helps its clients handle their virtual machines irrespective of their location.
- December 2018 - Corel Corporation announced the acquisition of the Parallels business, a global leader in cross-platform solutions. Corel now offers the complete Parallels product line, including Parallels Desktop for Mac, Parallels Toolbox for Windows and Mac, Parallels Access, Parallels Mac Management for Microsoft SCCM, and Parallels Remote Application Server (RAS) as part of its industry-leading software portfolio

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Dynamics
4.3 Market Drivers
4.3.1 Increasing Adoption of Cloud Services in Financial Institutions
4.3.2 Desktop Virtualization Supports Inorganic Growth
4.4 Market Restraints
4.4.1 Infrastructural Constraints of Enterprises will Act as a Challenge for the Growth of the Market
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Desktop Delivery Platform
5.1.1 Hosted Virtual Desktop (HVD)
5.1.2 Hosted Shared Desktop (HSD)
5.1.3 Other Desktop Delivery Platform
5.2 By Deployment Mode
5.2.1 On-premises
5.2.2 Cloud
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Citrix Systems Inc.
6.1.2 Toshiba Corporation
6.1.3 IBM Corporation (Red Hat Inc.)
6.1.4 Microsoft Corporation
6.1.5 Huawei Technologies Co. Ltd
6.1.6 Parallels International GmbH (Corel Corporation)
6.1.7 Dell EMC
6.1.8 Ncomputing Co., Limited
6.1.9 Ericom Software, Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

FAQs

Market research is a defined process to collect information about customers, competitors, and everything that a business needs to understand to sustain and grow. It offers important analysis to distinguish and examine the market needs, size, and trends. Market research is generally divided into, primary research and/or secondary research.

The process usually includes collection and interpretation of market data by using statistical and analytical techniques to support the decision making process.

The report helps in identifying and tracking emerging players in the market and their portfolios, enhances decision making capabilities and helps to create effective counter strategies to gain competitive advantage.

Market research reports provide in-depth analysis about the market conditions and requirements for effective decision making.
The report provides a snapshot of the global market size, segmentation data, marketing growth strategies, market share, export and import information, analysis and forecast of market trends, competition, domestic production, best sales prospects, statistical data, tariffs, regulations, distribution and business practices, end-user analysis, contact points and more.

These research reports include information about competitive strategies, solutions, fact-based research, key takeaways, recommendations, market considerations, emerging business models and market opportunities for multiple segments of an industry.

Market research reports assist in solving business problems and making better decisions to improve business as per the prevalent market trends.
When you place an order with MarketInsightsReports, we try our best to deliver the product as soon as possible. The report will be delivered to you either by email or by physical delivery. If it’s delivered by email the order will be dispatched on the same working day or on the next working day of receipt of payment (unless otherwise specified on our website). There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

Any person who has the capacity to make decisions for the business must buy the reports. These reports help management in decision making process. Market research helps person to obtain market information from different sources, and in multiple formats. It aims to study supply and demand, analyze data as per geography, age factors, demography, technology, product, psychographic & gender differences, and many other parameters. Access to in-depth market trends helps person to assess the market effectiveness. Some of the multiple techniques used for market research include customer analysis, choice modeling, competition and risk analysis, product research, advertising the research, marketing mix modeling, simulated test marketing, and more.
Market research studies several features of business environment, such as competitors, market structure, government regulations, economic trends, technological advances and financial analysis of companies, industries, and sectors. This helps person in the decision-making process of planning and implementing strategies for their markets.

The generation of research report is concerned by most clients when purchasing it. Following general steps are taken for generating reports.
1. Choose a topic.
2. Make skeleton catalogue.
3. Fill content. As for report content, there are two main information source, Primary and Secondary data collection. Secondary data collectionrefers to information searched from the Internet or data bought from database. Primary data collection refers to information concluded from telephone interview, face-to-face interview, expert’s interview, meeting etc.
4. Audit the report
5. Publish the report.

With regard to information cost, information searching costs the least, database support the second least, and telephone interview the third least. Face-face interview cost higher, in-depth interview much higher and expert interview the highest. A research may adopt all of these approaches, or just some of them.
In general, a good-quality research report needs 1-3 months to be finished. Time and method varies according to different Publishers. Thus, it’s difficult to define an exact procedure or process of making research report. Both time and cost vary. However, specialization has become a basic industry standard. Professional and dedicated products will be more and more popular.
MarketInsightsReports has focused on various fields such as Life Science, IT, Telecommunication, Food& Beverages, Energy & Power, Automotive & Transportation, Materials& Chemicals, Financial Services and many more. These market research reports are available for all regions around the globe.
When you place an order with MarketInsightsReports, we try our best to deliver the product as soon as possible. The report will be delivered to you either by email or by physical delivery. If it’s delivered by email the order will be dispatched on the same working day or on the next working day of receipt of payment (unless otherwise specified on our website).

There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

Please Choose License Type

USD $4250
USD $4750
USD $6000
USD $7500
Offer

Why Us

  • Why Us In-depth database
    Our Report’s database covers almost all topics of all regions over the Globe..
  • Recognised publishing sources Recognised publishing sources
    Tie ups with top publishers around the globe.
  • Customer Support Customer Support
    Complete pre and post sales support.
  • Safe & Secure Safe & Secure
    Complete secure payment process.