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Virtual IT Lab Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment and Organization Size

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    Report

  • 141 Pages
  • March 2022
  • Region: Global
  • The Insight Partners
  • ID: 5576233
Virtual IT Lab Software Market is expected to reach US$ 3,174.88 Million by 2028

FEATURED COMPANIES

  • Amazon Web Services
  • Appsembler
  • Cbt Nuggets
  • Cisco, Inc.
  • Cloudshare Inc.
  • Juniper Networks, Inc.
According to the latest market research study on 'Virtual IT Lab Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Deployment and Organization Size,' the market is expected to grow from US$ 1,461.29 million in 2021 to US$ 3,174.88 million by 2028; it is estimated to grow at a CAGR of 11.7% during 2021-2028.



Benefits of Using Virtual IT Lab Software for Educating Employees on Advanced Tools/Projects


Several businesses use Virtual IT Lab Software to educate employees on new development practices and train them on advanced and modern tools/projects. The software is well-suited for employee training because it provides real-world resources without impacting the live applications, websites, or networks. Moreover, practical training for employees is essential for the success of each organization as it increases the productivity of an employee. As technology has become an integral part of operations, employees must be trained to use the advanced tools effectively. Also, the virtual employment training approach is a cost-effective method. Additionally, employee training extends an employee's knowledge, creates subject matter and in-house experts, reduces attrition rates and recruitment costs, and improves working productivity.

In the Virtual IT Lab Software Market ecosystem, some online course providers offer virtualized IT labs platforms as their training platform and range of courses. Several core Virtual IT Lab Software are used within a company for internal purposes. For instance, ReadyTech Corporation offers employee training with virtual training labs platform. ReadyTech's virtualized IT labs platform provides employees a hands-on virtual training environment where they can practice actual on-the-job skills without jeopardizing the company's production systems. Virtual employment training with the help of Virtual IT Lab Software offers several benefits to the organization, which drives the Virtual IT Lab Software Market.

With the digital transformation, the use of cloud-based platform is increasing due to its simple deployment and reduced deployment time and cost. Moreover, the internet infrastructure has matured in developed countries and is flourishing in several developing countries, allowing end users to access the cloud-based platform. A few benefits of cloud-based Virtual IT Lab Software are the secure hosting of critical data, improved security and scalability, and quick recovery of files. The backups are stored on a private or shared cloud host platform. Cloud-based Virtual IT Lab Software also reduces repair and maintenance costs and enhances customer satisfaction. Therefore, due to the multiple benefits of cloud-based Virtual IT Lab Software, the adoption of the software is increasing by large enterprises and small & medium enterprises (SMEs) for educational purposes, which fuels the Virtual IT Lab Software Market growth.

Key Findings of Study:


Based on deployment, the Virtual IT Lab Software Market is bifurcated into cloud-based and on-premise. In 2021, the cloud-based segment led the Virtual IT Lab Software Market. Virtual training has a promising future. As technology become more integrated into daily lives and work, more advancements and changes are expected in the near future. The cloud-based segment generates a significant amount of share in 2021. Most virtual training labs are cloud-based, allowing learners to be educated from any location in the world, in any time zone, at any time, and at any speed. Users do not need an IT team to set up a complex training lab with virtual training labs. Instead of setting up each workstation with the appropriate software and files for in-person instruction, the virtual lab is set up once in the cloud and easily accessible by learners anywhere, contributing to the Virtual IT Lab Software Market growth.

Based on organization size, the Virtual IT Lab Software Market is segmented into SMEs and large enterprises. In 2021, the large enterprises segment led the Virtual IT Lab Software Market. The growing popularity among large enterprises and benefits associated with the utilization of the virtual IT labs is the major factor anticipated to drive the segment. Virtual IT Lab Software for large enterprises offers an integrated corporate training platform for every aspect of the business. Large enterprises can educate their employees online faster and more efficiently. Companies can use this software to intelligently simplify, automate, and optimize their entire learning process. It enables businesses to teach their personnel by building online courses, encouraging active learning, and increasing course completion rates in a simple and user-friendly environment. The growing popularity among large enterprises and benefits associated with the utilization of the virtual IT labs is the major factor anticipated to drive the segment growth in the Virtual IT Lab Software Market.

The Virtual IT Lab Software Market, based on geography, is segmented primarily into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the largest share in the global Virtual IT Lab Software Market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global virtual IT lab software market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global virtual IT lab software market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Frequently Asked Questions about the Global Virtual It Lab Software Market

What is the estimated value of the Global Virtual It Lab Software Market?

The Global Virtual It Lab Software Market was estimated to be valued at $1461.3 Million in 2021.

What is the growth rate of the Global Virtual It Lab Software Market?

The growth rate of the Global Virtual It Lab Software Market is 11.7%, with an estimated value of $3174.9 Million by 2028.

What is the forecasted size of the Global Virtual It Lab Software Market?

The Global Virtual It Lab Software Market is estimated to be worth $3174.9 Million by 2028.

Who are the key companies in the Global Virtual It Lab Software Market?

Key companies in the Global Virtual It Lab Software Market include Oracle Corporation, Amazon Web Services, Cloudshare Inc., Microsoft Corporation, Appsembler, Cbt Nuggets, Hewlett Packard Enterprise Development Lp (Hpe), Cisco, Inc. and Juniper Networks, Inc..

FEATURED COMPANIES

  • Amazon Web Services
  • Appsembler
  • Cbt Nuggets
  • Cisco, Inc.
  • Cloudshare Inc.
  • Juniper Networks, Inc.

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Virtual IT Lab Software Market - By Deployment
1.3.2 Global Virtual IT Lab Software Market - By Organization Size
1.3.3 Global Virtual IT Lab Software Market - By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Virtual IT Lab Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Virtual IT Lab Software Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Benefits of Using Virtual IT Labs Software for Educating Employees on Advanced Tools/Projects
5.1.2 Growing Use of Cloud-Based Software
5.2 Market Restraints
5.2.1 Availability of Open-Source Virtual IT Labs Software
5.3 Market Opportunities
5.3.1 Increasing Spending on Information and Communications Technology Sector
5.4 Future Trends
5.4.1 Benefits of Using Virtual Sandbox Tests
5.5 Impact Analysis of Drivers and Restraints
6. Virtual IT Lab Software Market - Global Market Analysis
6.1 Global Virtual IT Lab Software Market Overview
6.2 Global Virtual IT Lab Software Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Virtual IT Lab Software Market Analysis - By Deployment
7.1 Overview
7.2 Virtual IT Lab Software, by Deployment (2020 and 2028)
7.3 Cloud-based
7.3.1 Overview
7.3.2 Cloud-based: Virtual IT Lab Software Market- Revenue and Forecast to 2028 (US$ Million)
7.4 On-Premise
7.4.1 Overview
7.4.2 On-premise: Virtual IT Lab Software Market- Revenue and Forecast to 2028 (US$ Million)
8. Virtual IT Lab Software Market - By Organization Size
8.1 Overview
8.2 Virtual IT Lab Software, by Organization Size (2020 and 2028)
8.3 Small and Medium Enterprises (SMEs)
8.3.1 Overview
8.3.2 SMEs: Virtual IT Lab Software Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Large Enterprises
8.4.1 Overview
8.4.2 Large Enterprises: Virtual IT Lab Software Market- Revenue and Forecast to 2028 (US$ Million)
9. Virtual IT Lab Software Market - Geographic Analysis
9.1 Overview
9.2 North America: Virtual IT Lab Software Market
9.2.1 North America: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Virtual IT Lab Software Market- by Deployment
9.2.3 North America: Virtual IT Lab Software Market- By Organization Size
9.2.4 North America: Virtual IT Lab Software Market- by Country
9.2.4.1 US: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Virtual IT Lab Software Market- by Deployment
9.2.4.1.2 US: Virtual IT Lab Software Market- By Organization Size
9.2.4.2 Canada: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Virtual IT Lab Software Market- by Deployment
9.2.4.2.2 Canada: Virtual IT Lab Software Market- By Organization Size
9.2.4.3 Mexico: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Virtual IT Lab Software Market- by Deployment
9.2.4.3.2 Mexico: Virtual IT Lab Software Market- By Organization Size
9.3 Europe: Virtual IT Lab Software Market
9.3.1 Europe: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Virtual IT Lab Software Market- by Deployment
9.3.3 Europe: Virtual IT Lab Software Market- By Organization Size
9.3.4 Europe: Virtual IT Lab Software Market- by Country
9.3.4.1 Germany: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Virtual IT Lab Software Market- by Deployment
9.3.4.1.2 Germany: Virtual IT Lab Software Market- By Organization Size
9.3.4.2 France: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Virtual IT Lab Software Market- by Deployment
9.3.4.2.2 France: Virtual IT Lab Software Market- By Organization Size
9.3.4.3 Italy: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Virtual IT Lab Software Market- by Deployment
9.3.4.3.2 Italy: Virtual IT Lab Software Market- By Organization Size
9.3.4.4 UK: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Virtual IT Lab Software Market- by Deployment
9.3.4.4.2 UK: Virtual IT Lab Software Market- By Organization Size
9.3.4.5 Russia: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Virtual IT Lab Software Market- by Deployment
9.3.4.5.2 Russia: Virtual IT Lab Software Market- By Organization Size
9.3.4.6 Rest of Europe: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Virtual IT Lab Software Market- by Deployment
9.3.4.6.2 Rest of Europe: Virtual IT Lab Software Market- By Organization Size
9.4 Asia Pacific (APAC): Virtual IT Lab Software Market
9.4.1 APAC: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Virtual IT Lab Software Market- by Deployment
9.4.3 APAC: Virtual IT Lab Software Market- By Organization Size
9.4.4 APAC: Virtual IT Lab Software Market- by Country
9.4.4.1 Australia: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Virtual IT Lab Software Market- by Deployment
9.4.4.1.2 Australia: Virtual IT Lab Software Market- By Organization Size
9.4.4.2 China: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Virtual IT Lab Software Market- by Deployment
9.4.4.2.2 China: Virtual IT Lab Software Market- By Organization Size
9.4.4.3 India: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Virtual IT Lab Software Market- by Deployment
9.4.4.3.2 India: Virtual IT Lab Software Market- By Organization Size
9.4.4.4 Japan: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Virtual IT Lab Software Market- by Deployment
9.4.4.4.2 Japan: Virtual IT Lab Software Market- By Organization Size
9.4.4.5 South Korea: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Virtual IT Lab Software Market- by Deployment
9.4.4.5.2 South Korea: Virtual IT Lab Software Market- By Organization Size
9.4.4.6 Rest of APAC: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Virtual IT Lab Software Market- by Deployment
9.4.4.6.2 Rest of APAC: Virtual IT Lab Software Market- By Organization Size
9.5 Middle East & Africa (MEA): Virtual IT Lab Software Market
9.5.1 MEA: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Virtual IT Lab Software Market- by Deployment
9.5.3 MEA: Virtual IT Lab Software Market- By Organization Size
9.5.4 MEA: Virtual IT Lab Software Market- by Country
9.5.4.1 South Africa: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Virtual IT Lab Software Market- by Deployment
9.5.4.1.2 South Africa: Virtual IT Lab Software Market- By Organization Size
9.5.4.2 Saudi Arabia: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Virtual IT Lab Software Market- by Deployment
9.5.4.2.2 Saudi Arabia: Virtual IT Lab Software Market- By Organization Size
9.5.4.3 UAE: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Virtual IT Lab Software Market- by Deployment
9.5.4.3.2 UAE: Virtual IT Lab Software Market- By Organization Size
9.5.4.4 Rest of MEA: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Virtual IT Lab Software Market- by Deployment
9.5.4.4.2 Rest of MEA: Virtual IT Lab Software Market- By Organization Size
9.6 South America (SAM): Virtual IT Lab Software Market
9.6.1 SAM: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Virtual IT Lab Software Market- by Deployment
9.6.3 SAM: Virtual IT Lab Software Market- By Organization Size
9.6.4 SAM: Virtual IT Lab Software Market- by Country
9.6.4.1 Brazil: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Virtual IT Lab Software Market- by Deployment
9.6.4.1.2 Brazil: Virtual IT Lab Software Market- By Organization Size
9.6.4.2 Argentina: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Virtual IT Lab Software Market- by Deployment
9.6.4.2.2 Argentina: Virtual IT Lab Software Market- By Organization Size
9.6.4.3 Rest of SAM: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of SAM: Virtual IT Lab Software Market- by Deployment
9.6.4.3.2 Rest of SAM: Virtual IT Lab Software Market- By Organization Size
10. Virtual IT Lab Software Market - COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 APAC
10.5 MEA
10.6 SAM
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. COMPANY PROFILES
12.1 Oracle Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Amazon Web Services
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 CloudShare Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Microsoft Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 APPSEMBLER
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 CBT NUGGETS
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hewlett Packard Enterprise Development LP (HPE)
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 CISCO, INC.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Ready Tech
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Juniper Networks, Inc.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary
List of Tables
Table 1. Global Virtual IT Lab Software Market, Revenue and Forecast, 2019-2028 (US$ Mn)
Table 2. North America: Virtual IT Lab Software Market- by Deployment - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Virtual IT Lab Software Market- By Organization Size - Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe: Virtual IT Lab Software Market- by Deployment - Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Virtual IT Lab Software Market- By Organization Size - Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 13. Germany: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 15. France: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 18. UK: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 19. UK: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 24. APAC: Virtual IT Lab Software Market- by Deployment - Revenue and Forecast to 2028 (US$ Million)
Table 25. APAC: Virtual IT Lab Software Market- By Organization Size - Revenue and Forecast to 2028 (US$ Million)
Table 26. Australia: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 27. Australia: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 28. China: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 29. China: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 30. India: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 31. India: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 33. Japan: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 34. South Korea: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of APAC: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 38. MEA: Virtual IT Lab Software Market- by Deployment- Revenue and Forecast to 2028 (US$ Million)
Table 39. MEA: Virtual IT Lab Software Market- By Organization Size - Revenue and Forecast to 2028 (US$ Million)
Table 40. South Africa: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 41. South Africa: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 43. Saudi Arabia: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 44. UAE: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 45. UAE: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of MEA: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of MEA: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 48. SAM: Virtual IT Lab Software Market- by Deployment - Revenue and Forecast to 2028 (US$ Million)
Table 49. SAM: Virtual IT Lab Software Market- By Organization Size - Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 51. Brazil: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina: Virtual IT Lab Software Market- by Deployment -Revenue and Forecast to 2028 (US$ Million)
Table 53. Argentina: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of SAM: Virtual IT Lab Software Market- by Deployment-Revenue and Forecast to 2028 (US$ Million)
Table 55. Rest of SAM: Virtual IT Lab Software Market- By Organization Size -Revenue and Forecast to 2028 (US$ Million)
Table 56. Glossary of Terms, Virtual IT Lab Software Market
List of Figures
Figure 1. Virtual IT Lab Software Market Segmentation
Figure 2. Virtual IT Lab Software Market Segmentation - Geography
Figure 3. Virtual IT Lab Software Market Overview
Figure 4. Virtual IT Lab Software Market, By Deployment
Figure 5. Virtual IT Lab Software Market, By Organization Size
Figure 6. Virtual IT Lab Software Market, By Geography
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Asia Pacific: PEST Analysis
Figure 10. MEA: PEST Analysis
Figure 11. SAM: PEST Analysis
Figure 12. Virtual IT Lab Software Market Ecosystem Analysis
Figure 13. Expert Opinion
Figure 14. Virtual IT Labs Software Market: Impact Analysis of Drivers and Restraints
Figure 15. Global Virtual IT Lab Software Market
Figure 16. Global Virtual IT Lab Software Market, Forecast and Analysis (US$ Mn)
Figure 17. Market Positioning- Top Five Players
Figure 18. Virtual IT Lab Software Market Revenue Share, by Deployment (2020 and 2028)
Figure 19. Cloud-based: Virtual IT Lab Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. On-premises: Virtual IT Lab Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. Virtual IT Lab Software Market Revenue Share, by Organization Size (2020 and 2028)
Figure 22. SMEs: Virtual IT Lab Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 23. Large Enterprises: Virtual IT Lab Software Market- Revenue and Forecast to 2028 (US$ Million)
Figure 24. Virtual IT Lab Software Market Revenue Share, By Region (2020 and 2028)
Figure 25. North America: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Virtual IT Lab Software Market Revenue Share, by Deployment (2020 and 2028)
Figure 27. North America: Virtual IT Lab Software Market Revenue Share, By Organization Size (2020 and 2028)
Figure 28. North America: Virtual IT Lab Software Market Revenue Share, by Country (2020 and 2028)
Figure 29. US: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe: Virtual IT Lab Software Market Revenue Share, By Deployment (2020 and 2028)
Figure 34. Europe: Virtual IT Lab Software Market Revenue Share, By Organization Size (2020 and 2028)
Figure 35. Europe: Virtual IT Lab Software Market Revenue Share, By Country (2020 and 2028)
Figure 36. Germany: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. France: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Italy: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 42. APAC: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 43. APAC: Virtual IT Lab Software Market Revenue Share, By Deployment (2020 and 2028)
Figure 44. APAC: Virtual IT Lab Software Market Revenue Share, By Organization Size (2020 and 2028)
Figure 45. APAC: Virtual IT Lab Software Market Revenue Share, By Country (2020 and 2028)
Figure 46. Australia: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 47. China: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 48. India: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 49. Japan: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 50. South Korea: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of APAC: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 52. MEA: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 53. MEA: Virtual IT Lab Software Market Revenue Share, By Deployment (2020 and 2028)
Figure 54. MEA: Virtual IT Lab Software Market Revenue Share, By Organization Size (2020 and 2028)
Figure 55. MEA: Virtual IT Lab Software Market Revenue Share, By Country (2020 and 2028)
Figure 56. South Africa: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 57. Saudi Arabia: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 58. UAE: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 59. Rest of MEA: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 60. SAM: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 61. SAM: Virtual IT Lab Software Market Revenue Share, By Deployment (2020 and 2028)
Figure 62. SAM: Virtual IT Lab Software Market Revenue Share, By Organization Size (2020 and 2028)
Figure 63. SAM: Virtual IT Lab Software Market Revenue Share, By Country (2020 and 2028)
Figure 64. Brazil: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 65. Argentina: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of SAM: Virtual IT Lab Software Market - Revenue and Forecast to 2028 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 70. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 71. Impact of COVID-19 Pandemic in SAM Country Markets

FEATURED COMPANIES

  • Amazon Web Services
  • Appsembler
  • Cbt Nuggets
  • Cisco, Inc.
  • Cloudshare Inc.
  • Juniper Networks, Inc.
The global virtual IT lab software market is expected to grow from US$ 1,461.29 million in 2021 to US$ 3,174.88 million by 2028; it is estimated to grow at a CAGR of 11.7% from 2021 to 2028.

The growing use of cloud-based software is one of the major factors driving the virtual IT lab software market. With the digital transformation, the use of cloud-based platforms is increasing due to their simple deployment and reduced deployment time and cost. Moreover, the internet infrastructure has matured in developed countries and is flourishing in several developing countries, allowing end users to access the cloud-based platform. A few benefits of cloud-based virtual IT lab software are the secure hosting of critical data, improved security and scalability, and quick recovery of files. The backups are stored on a private or shared cloud host platform. Therefore, organizations can quickly recover several critical data. Also, with a stable internet connection, the data can be easily accessed anywhere via secure logins. Cloud-based virtual IT lab software also reduces repair and maintenance costs and enhances customer satisfaction. Therefore, due to the multiple benefits of cloud-based virtual IT lab software, there is an increase in the adoption of the software by large enterprises and small & medium enterprises (SMEs) for educational purposes, fueling the growth of the virtual IT lab software market.

The global spending on the information and communications technology (ICT) sector is rising continuously. As per the article published by the International Trade Administration, spending on information technology (IT) by the Indian government is expected to reach US$ 7.3 billion by 2021 from US$ 6.6 billion in 2020, and it would grow by 9.4% annually. According to the article published by Innovation, Science and Economic Development Canada, in 2020, there were over 44,000 businesses in the Canadian ICT sector, and the majority (over 40,000) fell within the software and computer services segment. With the increasing spending on the ICT sector, especially on the software segment, the development of advanced technologies and the adoption of these technologies by businesses across the globe would grow in the coming years. There will be an increase in the need for advanced technologies/solutions from the demand and supply sides. Additionally, the increasing spending on new technologies would drive the overall ICT sector over the next decade as organizations move beyond prototyping into broader deployments of tools, such as virtual IT lab software. Therefore, it is expected to create lucrative opportunities for the virtual IT lab software market growth in the coming years.

The virtual IT lab software market constitutes prominent market players, such as Oracle Corporation; Amazon Web Services; CloudShare Inc.; Microsoft Corporation; APPSEMBLER; CBT NUGGETS; Hewlett Packard Enterprise Development LP (HPE); CISCO, INC.; Ready Tech; and Juniper Networks, Inc. These companies dominate the virtual IT lab software market through new product developments, acquisitions, and expansion strategies. In February 2022, Hewlett Packard Enterprise and Ayar Labs announced strategic collaboration and investment to develop next-generation data center architectures and networking with optical I/O. Ayar Labs is a leader in chip-to-chip optical connectivity. HPE and Ayar Labs will be joining hands together to create a partnership on photonics research and commercial development to develop extensive AI and HPC Solutions. Together they will create an ecosystem of customer engagements and solution providers.

Impact of COVID-19 Pandemic on Virtual IT Lab Software Market

During the COVID-19 pandemic, many companies assumed virtual training to be the best choice. Additionally, investing in employee training extends an employee’s knowledge, creates more subject matter and in-house experts, reduces attrition rates & recruitment costs, and improves working productivity. Therefore, the overall impact of the COVID-19 pandemic on the virtual IT lab software market in 2020 was positive.

Similarly, in 2021 and 2022, the demand for virtual IT lab software increased, owing to the growing use of virtual sandbox testing. For instance, in February 2022, Google promised to design new tech for advertisers and users. The tech giant mentioned that while developing and testing new solutions that allow advertisers access to user data while stripping away identifiers to maintain privacy, they will continue to support existing ad platforms for at least two years. It is expected that the Privacy Sandbox will roll out for beta testing by the end of 2022. Thus, the growing use of sandboxing is supporting virtual IT lab software market growth.

Virtual IT Lab Software Market Insights

The increasing need for customized and scalable software is one of the major factors contributing to the growth of the global virtual IT lab software market. Companies sometimes use customized software to meet the consumer needs, such as rapid supply and deployment of business-related applications. The use of customized software saves time while maintaining a high level of business focus. Compared to the traditional software production life cycle, these platforms enable developers to construct customized software without coding or with minimal hand-coding, speeding up the development of high-quality software. Furthermore, the growing demand for various software applications to simplify and speed up business operations by adopting cloud-based solutions and IoT technologies is another important factor driving the virtual IT lab software market. Similarly, the global virtual IT lab software market is fuelled by increased demand for advanced technical apps to solve business challenges and improve work efficiency due to digitalization.

A selection of companies mentioned in this report includes:

  • Oracle Corporation
  • Amazon Web Services
  • Cloudshare Inc.
  • Microsoft Corporation
  • Appsembler
  • Cbt Nuggets
  • Hewlett Packard Enterprise Development Lp (Hpe)
  • Cisco, Inc.
  • Ready Tech
  • Juniper Networks, Inc.