We have seen a major uptick in the demand for Desktop as a Service (DaaS) solutions globally. This trend has picked up a lot of momentum over the past couple of years, especially after the onset of the Covid-19 pandemic.
This trend was further confirmed by a recent research report published by Future Market Insights (FMI). According to the report, the global DaaS market could achieve a total size of US $18 Billion by the year 2029.
FMI expects that the global DaaS market will be able to generate US $5.5 Billion during the year 2022. During the forecast period spanning years 2022 and 2029, the global DaaS market will achieve a Compound Annual Growth Rate (CAGR) of over 18%.
The FMI report cites the Asia Pacific region to be generating most of this fresh demand. IT infrastructures of various enterprises across the Asia Pacific region will be modernized with flexibility and agility as the top decision criteria, and DaaS delivers on both counts.
Desktop as a Service (DaaS) solutions are delivering a unique value proposition for small to medium sized enterprises (SMEs) that have major resource constraints. Large enterprises, on the other hand, prefer solutions like DaaS as they improve their business agility.
Given the present day cyber security challenges, leading DaaS providers are constantly investing in their cloud infrastructures to beef up their data security, privacy and regulatory compliance postures.
This in turn is proving helpful for enterprises that have financial or skillset related constraints. By adopting high quality DaaS solutions being offered by top Cloud Service Providers (CSP) like dinCloud, such enterprises can achieve instant results.
In addition to SMEs, another sector that is expected to generate huge demand for DaaS solutions during the forecast period of 2022 and 2029 is Banking, Financial Services and Insurance (BFSI), which will exhibit a CAGR of around 22%.
The BFSI sector has evolved rapidly as a direct response to the pandemic, as consumers from these sectors expect to receive seamless access to services in the most efficient way possible. This could only be delivered by agile and flexible technologies like DaaS.
The FMI report also cited some other factors that will be contributing to the healthy growth rate of DaaS solutions over the next few years. One such factor is record investments in Information and Communications Technologies, with prime focus on 5G infrastructure.
The recently published Future Market Insights (FMI) report paints a promising picture for the Cloud Computing industry in general, and the Desktop as a Service (DaaS) sub-segment in particular.