With the migration of Macs to Apple Silicon processors, these computers were not only left without the ability to install Windows natively, but virtualization of operating systems older than Windows 11 became even more difficult. Now Parallels Desktop 20.2 partially solves this problem.
Previously, the virtual machines primarily supported ARM Windows 11 and some relevant Linux distributions. Parallels Desktop 20.2 will allow you to work with x86_64 Windows 10, Windows 11, Windows Server 2019/2022, and some Linux distributions with UEFI BIOS.
However, the company warns of certain limitations. There are no 32-bit versions (although 64-bit OSes will be able to run 32-bit programs), no support for USB, nested virtualization, or the Parallels hypervisor. At the same time, the company warns of "very slow" performance, more precisely: "Windows boot time is about 2-7 minutes, depending on your hardware. Windows operating system responsiveness is also low."
For more information on how to run older versions of the OS with Parallels Desktop 20.2, please see this link.