Workstation Market is Predicted to Progress at a CAGR of 9.2% from 2022 - 2029 | Report by FMI

The workstation Market expanding at a CAGR of 9.2%, and the global workstation market is projected to increase from a valuation of US$ 53,984.2 Mn in 2022 to US$ 100,033.7 Mn by 2029.

Factors such as increasing demand for 3D animation software, increasing demand for digital content creation, low energy consumption and decreasing hardware-related spending are expected to drive the growth of the workstation market, according to the report.

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Key highlights of the Workstation Market study:

The adoption of mobile workstations is expected to increase significantly in the manufacturing and gaming industries.
The engineering and design industry is expected to remain a key industry in the global workstation market owing to high demand from engineers and designers for 3D mechanical design and creation of engineering simulations.
The North American and Western European markets are expected to offer more lucrative opportunities in the workstation market compared to other regional markets.
The Asia-Pacific region, excluding Japan, is expected to become a key market for the workstation market. India is also expected to exhibit a notable CAGR.

Growing interest from key players in product innovation

Companies in the workstation market are beginning to invest more in speeding up product development and innovation processes. Key players in the global market are adopting business expansion, acquisition and collaboration strategies to gain a significant share in the global market.

For example, in February 2018, HP announced that it would enhance the performance of its best-selling workstation, the HP Z4, by integrating Intel Xeon and Core X processors to support dual extreme graphics.

Key players in the workstation market include Fujitsu Limited, Microsoft Corporation, NVIDIA Corporation, Intel Corporation, Dell EMC, Red Hat, Hewlett Packard Enterprise, HP Inc., Secunet AG, Citrix Systems, Lenovo Group Limited, Cisco Systems, Super . Micro Computer, VMware and other major players.

AR and VR-enabled workstations shaping the growth curve

The industrial sector has emerged as a power user of augmented reality (AR) and virtual reality (VR) technologies that first appeared in media and entertainment. FMI predicts that global spending on these immersive technologies, collectively referred to as extended reality (XR), will increase by approximately 80% in 2020 compared to 2019. Engineering and manufacturing companies are tapping the potential of AR or VR-enabled workstations. Visualize, simulate, and develop computer-generated environments. Centralized workstation providers should leverage these industry use cases to achieve meaningful revenue and profits.

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A more valuable insight into the workstation market

Future Market Insights presents historical data for 2014-2018 and forecast statistics for 2022-2029 to present an unbiased analysis of the global Workstation Market. To understand the opportunities in the Workstation market, the market is segmented based on type, operating system, core, enterprise size, application, and industry in 7 major regions.

Workstation Market Outlook by Category

By Type:

Rack Workstation
Desktop Workstation
Mobile Workstation
Tower Workstation

By Operating System:

Windows Workstation
Linux Workstation
Unix Workstation

By Core:

6 Cores
8 Cores
12 Cores
18 Cores
28 Cores
32 Cores
56 Cores
Others

By Enterprise Size:

SMEs
Large Enterprises

By Application:

Digital Content Creation
Advanced Data Modelling
Industrial Designing
3D Modelling
Others

By Industry:

Healthcare
Education
BFSI
Manufacturing
Media and Entertainment
Engineering & Design
Others

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Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

This release was published on openPR.