Desktop as a Service - Lithuania

Lithuania

Revenue in the Desktop as a Service market is projected to reach US$1.47m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 16.39%, resulting in a market volume of US$3.14m by 2029.
The average spend per employee in the Desktop as a Service market is projected to reach US$0.95 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

The Desktop as a Service market in Lithuania is experiencing steady growth due to customer preferences for flexible and scalable computing solutions, as well as the increasing demand for remote work capabilities.

Customer preferences: Customers in Lithuania are increasingly seeking flexible and scalable computing solutions that can adapt to their changing needs. Desktop as a Service (DaaS) offers the ability to provision virtual desktops on-demand, allowing users to access their desktop environment from any device with an internet connection. This flexibility is particularly appealing to businesses that have remote or mobile workers, as it allows employees to access their work environment from anywhere, increasing productivity and efficiency.

Trends in the market: One of the key trends in the DaaS market in Lithuania is the adoption of cloud-based solutions. Cloud infrastructure providers offer DaaS solutions that eliminate the need for businesses to invest in expensive hardware and software infrastructure. This trend is driven by the increasing availability of high-speed internet connections and the growing acceptance of cloud computing as a reliable and secure solution for storing and accessing data. Another trend in the DaaS market is the integration of additional services and applications. DaaS providers are expanding their offerings to include not only virtual desktops but also other cloud-based services such as file storage, collaboration tools, and security solutions. This integration allows businesses to consolidate their IT infrastructure and reduce costs while improving overall productivity and security.

Local special circumstances: Lithuania has a highly skilled workforce and a growing tech industry, which creates a favorable environment for the adoption of DaaS solutions. The country has a strong focus on digital transformation and is investing in infrastructure and education to support the growth of the IT sector. This creates opportunities for DaaS providers to partner with local businesses and offer tailored solutions that meet their specific needs.

Underlying macroeconomic factors: The growth of the DaaS market in Lithuania is also influenced by macroeconomic factors such as the increasing need for remote work capabilities. The COVID-19 pandemic has accelerated the adoption of remote work practices, and businesses are now looking for long-term solutions to support remote and hybrid work models. DaaS provides the flexibility and scalability required to enable remote work, making it an attractive option for businesses in Lithuania. In conclusion, the Desktop as a Service market in Lithuania is growing due to customer preferences for flexible and scalable computing solutions, the adoption of cloud-based solutions, and the increasing demand for remote work capabilities. The country's strong focus on digital transformation and its growing tech industry create a favorable environment for the adoption of DaaS solutions. The underlying macroeconomic factors, such as the need for remote work capabilities, further drive the growth of the DaaS market in Lithuania.

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.