According to our latest market study on "Virtual IT Lab Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Deployment and Organization Size," the market is expected to grow from US$ 1,461.29 million in 2021 to US$ 3,174.88 million by 2028; it is estimated to grow at a CAGR of 11.7% during 2021–2028.

Virtual IT labs offer access to development environments and virtualized resources for trainings and sandboxed tests. The environment provides the substantial resources needed to complete real-world development projects, but it does it in a controlled setting. Companies use these tools to educate employees on new development processes and train them to use new tools or projects. As the solutions deliver real-world resources without affecting live apps, websites, or networks, they are ideal for training and testing. Some online course providers’ offer virtualized IT labs as part of their training platform, although most true virtual IT labs are deployed for internal purposes within a corporation or classroom. Virtual IT laboratories build a custom lab for users based on their specifications and automate the provisioning and management of the lab's infrastructure to give the lab experience that the user wants.

The Virtual IT Lab Software Market, based on geography, is segmented primarily into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the largest share in the global Virtual IT Lab Software Market.

CBT Nuggets; Cloudshare Inc.; Oracle (Ravello); Microsoft; and Amazon Web Services, Inc. - Prominent Market Participants in Virtual IT Labs Software Market

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In the Virtual IT Lab Software Market ecosystem, some online course providers offer virtualized IT labs platforms as their training platform and range of courses. Several core Virtual IT Lab Software are used within a company for internal purposes. For instance, ReadyTech Corporation offers employee training with virtual training labs platform. ReadyTech's virtualized IT labs platform provides employees a hands-on virtual training environment where they can practice actual on-the-job skills without jeopardizing the company's production systems. Virtual employment training with the help of Virtual IT Lab Software offers several benefits to the organization, which drives the Virtual IT Lab Software Market.

Virtual IT laboratories build a custom lab for users based on their specifications and automate the provisioning and management of the lab's infrastructure to give the lab experience that the user wants. Machine learning and artificial intelligence are used in certain labs to deploy the right resources when they need them efficiently. They give an ability to set up lab and schedule time and resources. Virtual IT Labs are progressively providing virtual reality training and demo environments. Therefore, small, mid-size, and enterprise-scale corporations and nonprofits and governmental entities use virtual IT labs. They are widely applied in the fields of information technology, education, construction, and engineering.

Based on deployment, the Virtual IT Lab Software Market is bifurcated into cloud-based and on-premise. In 2021, the cloud-based segment led the Virtual IT Lab Software Market. Virtual training has a promising future. As technology become more integrated into daily lives and work, more advancements and changes are expected in the near future. The cloud-based segment generates a significant amount of share in 2021. Most virtual training labs are cloud-based, allowing learners to be educated from any location in the world, in any time zone, at any time, and at any speed. Users do not need an IT team to set up a complex training lab with virtual training labs.

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