Press release
Workstation Software market to reach a valuation of US$ 28.77 Bn by 2031
Workstation Software Market
Purpose-built workstations for content creation and computer-aided design (CAD), helps in accelerating 3D modeling workflow and increases the productivity. Adoption of workstations enables users to run mission-critical applications on a stand-alone workstation that is optimized for size, weight, and power.
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Small as well as large scale enterprises are adopting workstations and associated software to enhance the computing performance. Thus, the increasing adoption of workstations among enterprises across several industries is expected to propel the growth of the market.
In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving demand for workstation software products. The report tracks the global adoption of workstation software products in 20+ high-growth markets, along with analyzing the impact of COVID-19 on the global adoption of workstation software solutions, along with the pre-COVID and post-COVID market growth analysis.
“Growing popularity of 3D design and animation software in engineering and manufacturing industries will intensify the workstation software market demand”, remarks the FMI analyst.
Key Takeaways
• Digital content creation sector is experiencing tremendous growth with the incorporation of smart technologies. It is forecast to grow by 25% by 2026 end.
• Flourishing IT, architecture and manufacturing sector in US has fueled the market workstation software market growth.
• UK workstation software market is anticipated to expand at 16.2% CAGR by the end of forecast period 2021-2031. The growth is driven by surging demand from automotive manufacturers and development in media and advertising domain.
• Lofty government investment towards advancement in cloud computing and digital transformation along with early adoption towards virtual computing drives the market growth in China.
• India is a promising prospect regarding workstation software market. Increasing adoption of 3D modeling and rendering technology in construction industry will drive the workstation software market sales.
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Prominent Drivers
• Rising popularity of gaming culture has lead to development of high quality graphic games paving way for workstation software market growth.
• Surging demand for image editing, web content creation and video editing with special effects has led to increase in workstation software market demand.
• Adoption of computer aided design and graphics design and other system heavy applications which require multiple gaming processing units and rams will boost the market growth.
Key Restraints
• Fluctuation in software performance and limited customization for gaming will hamper the market sales.
• Unavailability of custom models for job specific applications like engineering will impede the market growth.
• High upfront cost of workstation coupled with very niche market base hinders the market growth.
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Competitive Landscape
Leading players profiled by FMI operating in workstation software market include Autodesk, Inc., Unity Technologies, Virtuix, Microsoft Corporation, GIMP, Survios, Enscape, Skylum, Fujitsu, Adobe Inc., Corel Corporation, Dassault Systèmes SolidWorks Corporation, SubVRsive Inc., Luxion Inc, MAXON COMPUTER GMBH. According to FMI, the tier -1 market players like Autodesk, Inc., Fujitsu, Adobe Inc, and Microsoft Corporation dominate the workstation software market holding nearly 40% of global market share. They emphasize on product launches, strategic acquisitions and collaborations and developing their distribution network. Tier-2 and tier-3 market players which hold below 15% market shares are focusing on business expansion and new market penetration.
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About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.
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