Cloud-based Enterprises is Expected to be the Fastest Growing Segment During the Forecast Period 2020-2028

According to a new market research study on “South America Virtual IT Lab Software Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Deployment and Organization Size” is expected to reach US$ 82.55 million by 2028 from US$ 45.95 million in 2021. The market is estimated to grow at a CAGR of 8.7% from 2021 to 2028. The report provides trends prevailing in the South America virtual IT lab software market along with the drivers and restraints pertaining to the market growth. Elevating use of cloud-based software, gains of using virtual IT labs software for educating employees on advanced tools/projects, and gains of using virtual sandbox tests are the major factor driving the growth of the South America virtual IT lab software market. However, attainability of open-source virtual IT labs software hinders the growth of South America virtual IT lab software market.

The South America virtual IT lab software market is segmented on the basis of deployment, organization size, and country. Based on deployment, the market is segmented into on-premise and cloud-based. In 2020, the cloud-based segment held a larger share of the market; and it is also expected to register a higher CAGR during the forecast period. Based on organization size, the market is segmented into small and medium enterprises and large enterprises. In 2020, the large enterprises segment held a larger share of the market; and the small and medium enterprises segment is expected to register a higher CAGR during the forecast period. Further, based on country, the South America virtual IT lab software market is segmented into Brazil, Argentina, and Rest of SAM. In 2020, Brazil held the largest market share; and it is also expected to grow at the fastest CAGR during the forecast period.

Oracle Corporation; Amazon Web Services; Cloudshare Inc.; Microsoft Corporation; APPSEMBLER; CBT NUGGETS; Hewlett Packard Enterprise Development LP (HPE); CISCO, INC.; Ready Tech; and Juniper Networks, Inc. are among the leading companies in the South America virtual IT lab software market. For instance, TCS partners with Microsoft Azure to leverage software for smart cities and customer analytics.

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