Report : Middle East and Africa Virtual IT Lab Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment (On-Premises and Cloud-Based) and Organization Size (Small and Medium Enterprises and Large Enterprises)
Small and Medium Enterprises is Expected to be the Fastest Growing Segment During the Forecast Period 2020-2028
According to a new market research study on “Middle East & Africa Virtual IT Lab Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Deployment and Organization Size” is expected to reach US$ 174.62 million by 2028 from US$ 88.33 million in 2021. The market is estimated to grow at a CAGR of 10.2% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa virtual IT lab software market along with the drivers and restraints pertaining to the market growth. Perks of using virtual sandbox tests, elevating spending on information and communications technology sector, and perks of using virtual IT labs software for educating employees on advanced tools/projects are the major factor driving the growth of the Middle East & Africa virtual IT lab software market. However, accessibility of open-source virtual IT labs software hinders the growth of Middle East & Africa virtual IT lab software market.
The Middle East & Africa virtual IT lab software market is segmented on the basis of deployment, organization size, and country. Based on deployment, the market is segmented into on-premise and cloud-based. In 2020, the cloud-based segment held a larger share of the market; and it is also expected to register a higher CAGR during the forecast period. Based on organization size, the market is segmented into small and medium enterprises and large enterprises. In 2020, the large enterprises segment held a larger share of the market; and the small and medium enterprises segment is expected to register a higher CAGR during the forecast period. Further, based on country, the Middle East & Africa virtual IT lab software market is segmented into Saudi Arabia, the UAE, South Africa, and Rest of MEA. In 2020, Saudi Arabia held the largest market share; and South Africa is expected to grow at the fastest CAGR during the forecast period.
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. are among the leading companies in the Middle East & Africa virtual IT lab software market. For instance, TCS partners with Microsoft Azure to leverage software for smart cities and customer analytics.
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