As the Bridge to Digital Transformation, Virtualization Gets a $10Billion Boost from Digital Acceleration Due to COVID-19

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The global market for Virtualization Software is expected to witness a 35% spurt in revenues for the year 2020 and thereafter reach US$189. 3 billion by the year 2027, trailing a post COVID-19 CAGR of 25.New York, Nov. 19, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Virtualization Software Industry” – https://www.reportlinker.com/p05818024/?utm_source=GNW 4% over the analysis period 2020 through 2027. While most industries remain severely impacted, IT technologies & datacenters are reaping rich dividends from the continuing transition towards digital delivery. COVID-19 has emerged to be the biggest driver of digital transformation. IT and technology landscape today remains irreversibility changed with companies migrating to new operating models; reassessing IT security architectures; resetting security systems to plug-in digital holes; and adopting innovative remote working technologies. Highlighting the acceleration in digital transformation is the fact companies have digitally transformed within weeks to ensure business continuity as lockdowns and restrictions confine billions of people to their homes. Over 60% of companies in North America, Europe and Asia expect to witness a higher velocity of change in digital transformation during the years 2020 through 2023. Digital transformation is now visible in all industrial sectors. Telehealth will replace doctor visits by 2025; by 2021 new home constructions will …

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