Europe 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)
The virtual IT lab software market in Europe is expected to grow from US$ 372.63 million in 2021 to US$ 831.82 million by 2028. It is estimated to grow at a CAGR of 12.2% from 2021 to 2028.
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, investing in employee training extends an employee’s knowledge, creates subject matter and in-house experts, reduces attrition rates and recruitment costs, and improves working productivity. Some online course providers offer virtualized IT labs platforms as their training platform and range of courses. Several core virtual IT labs software is used for internal purposes within a company. 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 labs software offers several benefits to the organization, which drives the growth of the virtual IT labs software market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe virtual IT lab software market at a substantial CAGR during the forecast period.
Europe Virtual IT Lab Software Market Revenue and Forecast to 2028 (US$ Million)
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Europe Virtual IT Lab Software Market Segmentation
The Europe 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. 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 Europe virtual IT lab software market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. In 2020, Germany held the largest market share. 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 the leading companies in the Europe 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 Europe Virtual IT Lab Software Market – By Deployment
1.3.2 Europe Virtual IT Lab Software Market – By Organization Size
1.3.3 Europe 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. Europe Virtual IT Lab Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Virtual IT Lab Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Profits of Using Virtual IT Labs Software for Educating Employees on Advanced Tools/Projects
5.1.2 Surging Use of Cloud-Based Software
5.2 Market Restraints
5.2.1 Access of Open-Source Virtual IT Labs Software
5.3 Market Opportunities
5.3.1 Raising 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. Europe Virtual IT Lab Software Market Analysis
6.1 Europe Virtual IT Lab Software Market Overview
6.2 Europe Virtual IT Lab Software Market Forecast and Analysis
7. Europe Virtual IT Lab Software Market Analysis – by Deployment
7.1 Overview
7.2 Europe 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. Europe Virtual IT Lab Software Market – by Organization Size
8.1 Overview
8.2 Europe: 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. Europe Virtual IT Lab Software Market – Country Analysis
9.1 Overview
9.1.1 Europe: Virtual IT Lab Software Market- by Country
9.1.1.1 Germany: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Virtual IT Lab Software Market- by Deployment
9.1.1.1.2 Germany: Virtual IT Lab Software Market- By Organization Size
9.1.1.2 France: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Virtual IT Lab Software Market- by Deployment
9.1.1.2.2 France: Virtual IT Lab Software Market- By Organization Size
9.1.1.3 Italy: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Virtual IT Lab Software Market- by Deployment
9.1.1.3.2 Italy: Virtual IT Lab Software Market- By Organization Size
9.1.1.4 UK: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 UK: Virtual IT Lab Software Market- by Deployment
9.1.1.4.2 UK: Virtual IT Lab Software Market- By Organization Size
9.1.1.5 Russia: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Virtual IT Lab Software Market- by Deployment
9.1.1.5.2 Russia: Virtual IT Lab Software Market- By Organization Size
9.1.1.6 Rest of Europe: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Virtual IT Lab Software Market- by Deployment
9.1.1.6.2 Rest of Europe: 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. Europe Virtual IT Lab Software Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. Germany: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 9. UK: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Virtual IT Lab Software Market- by Deployment –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Virtual IT Lab Software Market- By Organization Size –Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Europe Virtual IT Lab Software Market
LIST OF FIGURES
Figure 1. Europe Virtual IT Lab Software Market Segmentation
Figure 2. Europe Virtual IT Lab Software Market Segmentation - Country
Figure 3. Europe Virtual IT Lab Software Market Overview
Figure 4. Europe Virtual IT Lab Software Market, By Deployment
Figure 5. Europe Virtual IT Lab Software Market, By Country
Figure 6. Europe: PEST Analysis
Figure 7. Europe Virtual IT Lab Software Market Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. Europe Virtual IT Labs Software Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe Virtual IT Lab Software Market, Forecast and Analysis (US$ Mn)
Figure 11. Europe 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. Europe: 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. Europe Virtual IT Lab Software Market
Figure 18. Europe: Virtual IT Lab Software Market Revenue Share, By Country (2020 and 2028)
Figure 19. Germany: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. France: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Italy: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. UK: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Russia: Virtual IT Lab Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of Europe: 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 Europe 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 Europe 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 Europe 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