Asia Pacific Virtual IT Lab Software Market Forecast to 2028 – COVID-19 Impact and Analysis – by Deployment (On-Premises and Cloud-Based) and Organization Size (Small and Medium Enterprises and Large Enterprises)
The virtual IT lab software market in Asia Pacific is expected to grow from US$ 290.96 million in 2021 to US$ 688.95 million by 2028. It is estimated to grow at a CAGR of 13.1% from 2021 to 2028.
The 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 will grow by 9.4% annually. 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 region will 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 labs software. Therefore, it is expected to create lucrative opportunities for the virtual IT labs software market growth in the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific virtual IT lab software market at a substantial CAGR during the forecast period.
Asia Pacific Virtual IT Lab Software Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Virtual IT Lab Software Market Segmentation
The Asia Pacific virtual IT lab software market is analyzed on the basis of deployment, organization size, and country. Based on deployment, the market is segmented into on-premise and cloud-based deployment. In 2020, the cloud-based segment held a larger market share and 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 market share, and the small and medium enterprises segment is expected to register a higher CAGR during the forecast period.
Further, based on country, the Asia Pacific virtual IT lab software market is segmented into China, Japan, India, Australia, South Korea, and the Rest of APAC. In 2020, China held the largest market share. India 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 the leading companies in the Asia Pacific virtual IT lab software market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Virtual IT Lab Software Market – By Deployment
1.3.2 Asia Pacific Virtual IT Lab Software Market – By Organization Size
1.3.3 Asia Pacific Virtual IT Lab Software Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.3 Coverage
3.4 Secondary Research
3.5 Primary Research
4. Asia Pacific Virtual IT Lab Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Virtual IT Lab Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Perks of Using Virtual IT Labs Software for Educating Employees on Advanced Tools/Projects
5.1.2 Fostering Use of Cloud-Based Software
5.2 Market Restraints
5.2.1 Reach of Open-Source Virtual IT Labs Software
5.3 Market Opportunities
5.3.1 Higher Spending on Information and Communications Technology Sector
5.4 Future Trends
5.4.1 Privileges of Using Virtual Sandbox Tests
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Virtual IT Lab Software Market Analysis
6.1 Asia Pacific Virtual IT Lab Software Market Overview
6.2 Asia Pacific Virtual IT Lab Software Market Forecast and Analysis
7. Asia Pacific Virtual IT Lab Software Market Analysis – by Deployment
7.1 Overview
7.2 Asia Pacific Virtual IT Lab Software Market- by Deployment
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. Asia Pacific Virtual IT Lab Software Market – by Organization Size
8.1 Overview
8.2 Asia Pacific Virtual IT Lab Software Market- By Organization Size
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. Asia Pacific Virtual IT Lab Software Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Virtual IT Lab Software Market- by Country
9.1.1.1 Australia: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Virtual IT Lab Software Market- by Deployment
9.1.1.1.2 Australia: Virtual IT Lab Software Market- By Organization Size
9.1.1.2 China: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Virtual IT Lab Software Market- by Deployment
9.1.1.2.2 China: Virtual IT Lab Software Market- By Organization Size
9.1.1.3 India: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Virtual IT Lab Software Market- by Deployment
9.1.1.3.2 India: Virtual IT Lab Software Market- By Organization Size
9.1.1.4 Japan: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Virtual IT Lab Software Market- by Deployment
9.1.1.4.2 Japan: Virtual IT Lab Software Market- By Organization Size
9.1.1.5 South Korea: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Virtual IT Lab Software Market- by Deployment
9.1.1.5.2 South Korea: Virtual IT Lab Software Market- By Organization Size
9.1.1.6 Rest of Asia Pacific: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Virtual IT Lab Software Market- by Deployment
9.1.1.6.2 Rest of Asia Pacific: Virtual IT Lab Software Market- By Organization Size
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
11. COMPANY PROFILES
11.1 Oracle Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Amazon Web Services
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 CloudShare Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Microsoft Corporation
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 APPSEMBLER
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 CBT NUGGETS
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Hewlett Packard Enterprise Development LP (HPE)
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 CISCO, INC.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Ready Tech
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Juniper Networks, Inc.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Virtual IT Lab Software Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Australia: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Asia Pacific Virtual IT Lab Software Market
LIST OF FIGURES
Figure 1. Asia Pacific Virtual IT Lab Software Market Segmentation
Figure 2. Asia Pacific Virtual IT Lab Software Market Segmentation - Country
Figure 3. Asia Pacific Virtual IT Lab Software Market Overview
Figure 4. Asia Pacific Virtual IT Lab Software Market, By Deployment
Figure 5. Asia Pacific Virtual IT Lab Software Market, By Country
Figure 6. Asia Pacific: PEST Analysis
Figure 7. Asia Pacific Virtual IT Lab Software Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific Virtual IT Labs Software Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Virtual IT Lab Software Market, Forecast and Analysis (US$ Million)
Figure 11. Asia Pacific Virtual IT Lab Software Market Revenue Share, By Deployment (2020 and 2028)
Figure 12. Cloud-based: Virtual IT Lab Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 13. On-premises: Virtual IT Lab Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Asia Pacific Virtual IT Lab Software Market Revenue Share, By Organization Size (2020 and 2028)
Figure 15. SMEs: Virtual IT Lab Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. Large Enterprises: Virtual IT Lab Software Market– Revenue and Forecast to 2028 (US$ Million)
Figure 17. Global Virtual IT Lab Software Market
Figure 18. Asia Pacific: Virtual IT Lab Software Market Revenue Share, By Country (2020 and 2028)
Figure 19. Australia: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. China: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. India: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Japan: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. South Korea: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of Asia Pacific: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific market trends and outlook coupled with the factors driving the virtual IT lab software 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