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

Market

Region

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Currency

Analyst Opinion

The Desktop as a Service market within the Public Cloud Market in Latvia is witnessing considerable growth, fueled by increasing demand for remote work solutions, enhanced security measures, and the rising need for scalable IT infrastructure among businesses.

Customer preferences: In Latvia, there is a growing preference for flexible work environments, leading to an increased adoption of Desktop as a Service (DaaS) solutions among businesses. As remote work becomes more entrenched, organizations are prioritizing user-friendly interfaces and seamless integration to enhance productivity. Additionally, the younger workforce, characterized by tech-savviness, is driving demand for customizable and scalable IT solutions. This shift reflects a cultural embrace of digital transformation, where efficiency and accessibility are paramount in the evolving landscape of work.

Trends in the market: In Latvia, the Desktop as a Service (DaaS) market within the Public Cloud sector is experiencing a significant uptick, driven by the increasing demand for remote work solutions. Businesses are prioritizing DaaS for its ability to provide secure, scalable, and cost-effective IT environments. The trend is marked by a shift towards user-centric designs that enhance collaboration and productivity. Furthermore, as organizations adapt to hybrid work models, the emphasis on integration capabilities with existing workflows is becoming critical. This evolution presents opportunities for service providers to innovate and cater to a diverse range of business needs.

Local special circumstances: In Latvia, the Desktop as a Service (DaaS) market within the Public Cloud sector is shaped by a unique blend of geographical and cultural factors. The country's strong emphasis on digital innovation and high internet penetration rates foster a conducive environment for remote work solutions. Additionally, Latvia's regulatory framework supports data privacy and security, aligning with the EU’s GDPR standards, which enhances confidence in cloud services. As local businesses embrace flexible work arrangements, the demand for DaaS solutions that integrate seamlessly with existing systems continues to rise, driving market growth.

Underlying macroeconomic factors: The Desktop as a Service (DaaS) market in Latvia is significantly influenced by macroeconomic factors such as economic stability, technological advancements, and fiscal policies promoting digital transformation. As Latvia's economy continues to grow, driven by robust GDP performance and favorable investment climates, businesses are increasingly allocating resources towards cloud solutions to enhance operational efficiency. Furthermore, government initiatives aimed at boosting digital infrastructure and fostering innovation create a supportive environment for DaaS adoption. The global shift towards remote work and increased reliance on cloud services further propel demand, positioning Latvia as a competitive player in the DaaS market within the Public Cloud sector.

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.