I've choosen Parallels as it's the only option nowadays for running Windows on new Mac M1 processors. Though it must be evaluation copy of new Windows ARM version (which can be virtualized), it's running smoothly without any problems with all standard windows applications I use for SQL development (my work). And plus great Parallels Toolbox - many very useful utilities which can replace a lot of special Mac handy utilities I used before. I really recommend Parallels!