Desktop as a Service - Latvia

  • Latvia
  • Revenue in the Desktop as a Service market is projected to reach US$0.82m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.54%, resulting in a market volume of US$1.84m by 2029.
  • The average spend per employee in the Desktop as a Service market is projected to reach US$0.84 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$2,041.00m in 2024).

Key regions: United Kingdom, Italy, Japan, United States, Canada

 
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Analyst Opinion

In Latvia, the Desktop as a Service Market within the Public Cloud Market is experiencing considerable growth, driven by the increasing adoption of digital technologies, growing awareness of the importance of digital health, and the convenience of online health services. Factors such as the government's push towards digitalization and the growing demand for remote work solutions are also contributing to the market's growth rate.

Customer preferences:
As more businesses in Latvia adopt remote work policies, the demand for Desktop as a Service solutions has increased. This trend is driven by the need for secure and efficient remote access to workstations and applications. Additionally, there has been a growing preference for cloud-based solutions among businesses, as they offer scalability and cost-effectiveness. The rise of remote work has also led to an increased focus on cybersecurity, with businesses prioritizing secure cloud solutions for their data and sensitive information.

Trends in the market:
In Latvia, the Desktop as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of remote work and the need for flexible, scalable IT solutions. This trend is expected to continue, with projections showing a significant increase in the use of virtual desktops in the coming years. This shift towards DaaS is significant for industry stakeholders, as it offers cost savings, improved productivity, and enhanced security. However, it also poses challenges for traditional IT service providers, who may need to adapt their business models to remain competitive in this evolving market. Additionally, with the rise of DaaS, there is a growing need for robust data protection and compliance measures, presenting opportunities for cybersecurity companies to provide specialized services.

Local special circumstances:
In Latvia, the Desktop as a Service Market within the Public Cloud Market is influenced by the country's high level of digitalization and tech-savvy population. As one of the top countries in Europe for internet usage, the demand for cloud-based services is significantly high. Additionally, the country's strict data privacy regulations and focus on cybersecurity have made it a trusted location for storing and accessing sensitive data, further boosting the growth of the Public Cloud Market. The market is also supported by the government's initiatives to promote digitalization and e-governance, creating a favorable environment for the adoption of Desktop as a Service solutions.

Underlying macroeconomic factors:
The Desktop as a Service Market within the Public Cloud Market in Latvia is influenced by various macroeconomic factors. The global economic trends, national economic health, fiscal policies, and other financial indicators significantly impact the market's performance. The country's economic stability and growth provide a conducive environment for market growth. Favorable regulatory policies and investments in cloud infrastructure also play a crucial role in driving the market demand. Furthermore, the increasing adoption of digitalization and the growing need for remote work solutions due to the COVID-19 pandemic have further accelerated the demand for Desktop as a Service in the public cloud market.

Methodology

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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