You will need a product key for Windows to activate it within Parallels Desktop. Windows 11 runs as a virtual machine within Parallels Desktop, similar to the way it would run under a Windows VM application, such as VMware Workstation or Oracle VM VirtualBox. But you can make this work by using Microsoft’s Insider Preview of Windows 11 for ARM. The new Macs powered by Apple’s M1 chip are more finicky as they can handle only ARM-based versions of Windows.
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Using the latest version of the popular Parallels Desktop application, you can install the x86 version of Windows 11 on an Intel-based Mac without much fuss. Windows 11: Tips on installation, security and more (free PDF)
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Windows 11 SE: Why it's both more and less locked down than Windows 10 S Windows Server IoT 2022 is for a lot more than Internet of Things Windows 11 cheat sheet: Everything you need to know SEE: Windows 10: Lists of vocal commands for speech recognition and dictation (free PDF) (TechRepublic) More about Software
That process is trickier and more involved than installing Windows 11 on a PC, but it is doable with the right software, specifically Parallels Desktop 17. You want to check out Windows 11 but you’d like to run it on your Mac so that you can easily bounce between Windows and macOS. With Parallels Desktop 17, you can run Windows 11 on Intel-based and M1-based Macs, though an M1 Mac will support only the ARM-based version of Windows 11.