Report : North America 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)
Cloud-based segment to dominate the North America Virtual IT Lab Software Market during 2020-2028
According to a new market research study on “North America 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$ 1396.95 million by 2028 from US$ 663.43 million in 2021. The market is estimated to grow at a CAGR of 11.2% from 2021 to 2028. The report provides trends prevailing in the North America virtual IT lab software market along with the drivers and restraints pertaining to the market growth. Growing spending on information and communications technology sector, advantages of using virtual IT labs software for educating employees on advanced tools/projects, and raising use of cloud-based software are the major factor driving the growth of the North America virtual IT lab software market. However, Presence of open-source virtual IT labs software hinders the growth of North America virtual IT lab software market.
The North America 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 North America virtual IT lab software market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share; and it is also 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 North America virtual IT lab software market. For instance, Oracle has launched Oracle for startups via partnering with University of Southern California (USC) in order to assist students and provide expertise to make them able to deal with realistic business challenges.
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