Desktop as a Service - Cyprus | Statista Market Forecast

Revenue in the Desktop as a Service market is projected to reach US$357.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.64%, resulting in a market volume of US$770.80k by 2029.
The average spend per employee in the Desktop as a Service market is projected to reach US$0.52 in 2024.
In global comparison, most revenue will be generated United States (US$2.04bn in 2024).

Definition:

Desktop as a Service (DaaS) refers to the type of public cloud service that provides virtual desktop environments and is accessible from any device with an internet connection. It is a cloud solution that virtualizes the desktop experience, thus providing convenience, mobility, and ease of management while freeing the users from the constraints of traditional hardware-based computing. A typical example of this type of service is VMware Horizon Cloud.

Additional Information:

The Desktop as a Service (DaaS) market comprises revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the DaaS market include companies such as VM Ware (Horizon Cloud), Dell Technologies cloud, and Nutanix Frame.

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Virtual desktop services for remote work, such as Amazon WorkSpaces and Zoho Workplace
Virtual desktop infrastructure (VDI), such as VMware Horizon Cloud and Citrix Virtual Apps and Desktops
Virtual desktop services for graphics-intensive applications, such as Teradici cloud access software and NVIDIA Virtual GPU (vGPU)
Virtual desktop services for other use cases, eg, specific industry applications and secure and compliant solutions, such as HPE GreenLake VDI and Dizzion DaaS

Private cloud services, such as IBM Cloud Private, Microsoft Azure Stack HCI, and VMware vCloud Suite
Physical data centers, such as Dell PowerEdge Servers, Lenovo Think System Servers, and HPE ProLiant Servers

The Desktop as a Service market within the Public Cloud market in Cyprus is witnessing considerable growth, fueled by factors such as increased remote work adoption, the demand for scalable IT solutions, and enhanced data security offerings that attract businesses seeking efficiency.

Customer preferences: In Cyprus, there is a growing preference for flexible working environments, with businesses increasingly adopting Desktop as a Service (DaaS) solutions to support remote and hybrid work models. This trend is influenced by a younger workforce that values work-life balance and seeks technology that enables seamless collaboration. Additionally, as organizations prioritize data security and compliance, the demand for DaaS offerings that integrate robust security features is on the rise, reflecting a cultural shift towards prioritizing both productivity and data protection.

Trends in the market: In Cyprus, the Desktop as a Service (DaaS) market within the Public Cloud landscape is experiencing significant growth as businesses embrace remote and hybrid work models. This shift is driven by a younger workforce that prioritizes flexibility and collaboration tools. Moreover, organizations are increasingly focusing on data security and regulatory compliance, leading to a rise in demand for DaaS solutions that offer advanced security features. As these trends continue, industry stakeholders must adapt to evolving workforce expectations and invest in innovative technologies to remain competitive and ensure robust data protection.

Local special circumstances: In Cyprus, the Desktop as a Service (DaaS) market within the Public Cloud sector is uniquely influenced by the island's strategic location as a gateway between Europe, Asia, and Africa. This geographical advantage fosters a diverse business ecosystem that attracts international companies seeking flexible work solutions. Additionally, Cyprus's strong emphasis on data protection and GDPR compliance shapes the demand for DaaS solutions with robust security features. Culturally, the blend of traditional values and modern business practices encourages collaboration, further driving the adoption of DaaS among local enterprises.

Underlying macroeconomic factors: The Desktop as a Service (DaaS) market in Cyprus is significantly influenced by macroeconomic factors such as the ongoing digital transformation, the rise of remote work, and the overall health of the national economy. As global trends shift towards flexible work arrangements, businesses in Cyprus are increasingly adopting DaaS solutions to enhance productivity and reduce operational costs. National fiscal policies that promote technology investment and innovation also play a crucial role in driving market growth. Furthermore, the competitive landscape of the public cloud sector, combined with Cyprus’s strategic location, attracts foreign investment, fostering a vibrant ecosystem for DaaS providers.

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Together with platform as a service (PaaS) and infrastructure as a service (IaaS), software as a service (SaaS) is one of the three primary tiers of cloud computing. It allows businesses to redirect resources away from IT hardware, software, and personnel expenses, and towards other business needs. Currently, the most prominent companies in the SaaS market are Microsoft, Salesforce, Oracle, SAP, and Google.