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End-User Computing (EUC) Market Key Drivers and Outlook Report 2024-2033: Comprehensive Analysis and Future Trends
End-User Computing (EUC) Market
According to The Business Research Company's, the end-user computing (euc) market size has grown rapidly in recent years. It will grow from $11.88 billion in 2023 to $13.29 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to industrial applications, environmental regulations, automotive industry demand, electronics manufacturing, energy sector needs.
The end-user computing (euc) market size is expected to see rapid growth in the next few years. It will grow to $20.59 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to rising demand in renewable energy, healthcare sector growth, electric vehicle (ev) revolution, focus on sustainable solutions, smart manufacturing and iot integration. Major trends in the forecast period include accelerating advancements in nanofluids technology, adoption of engineered fluids in medical devices and pharmaceuticals, expansion of the heat transfer fluid market, and rising emphasis on energy efficiency solutions..
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Market Drivers and Trends:
The growing trend of bring your own device (BYOD) is expected to boost the growth of the end-user computing market going forward. Bring your own device (BYOD) refers to a policy that allows employees to use their personally owned devices for work-related activities rather than being required to use an officially provided device. End-user computing (EUC) helps bring your own device (BYOD) policies by providing employees with secure access to enterprise applications and data from their devices. For instance, in May 2021, according to a report published by Beyond Identity Inc., a US-based software company, in a survey of 1,103 current employees, over 14% of employees reported using personal devices for work, while 36% of respondents used personal and company-issued devices. About 24% of respondents said that their personal devices were more portable or potent than those provided by their employers. Therefore, the growing trend of bring your own device (BYOD) is driving the growth of the end-user computing market.
Major companies operating in the end-user computing market are developing new technologies, such as unified end-user computing platforms, to meet larger customer bases, increase sales, and increase revenue. A unified end-user computing platform refers to a cohesive, flexible platform that securely manages and automates the supply of digital workplaces. For instance, in February 2023, IGEL, a Germany-based provider of end-user computing solutions, launched IGEL COSMOS, a unified platform for end-user computing that enables secure, managed access to any cloud workspace. The unique feature of COSMOS is its capacity to give businesses considerable control over the full capability of both present-day and future clouds while enabling ideal user experiences for current hybrid operations. COSMOS provides the concurrent use, management, and control of endpoints running both IGEL OS 11 and the new IGEL OS 12 operating system. COSMOS features extensive management and control enabled by the new IGEL UMS 12, the next generation of the IGEL Universal Management Suite (UMS).
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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Major Key Players of the Market:
Microsoft Corporation, Dell Technologies Inc., Amazon Web Services Inc., Lenovo Group Limited, Fujitsu Limited, Infosys Limited, Tech Mahindra Ltd., NetApp Inc., Vmware Inc., CSS Corp , Citrix Systems Inc., SITA , Nutanix Inc., Mindtree Limited, Emtec Inc., Mainline Information Systems, Coreio Inc., Nucleus Software Exports Ltd., IGEL Technology, Hitachi Systems Micro Clinic Pvt. Ltd., HCL Infosystems Ltd., Ergonomic Group Inc., Data Integrity Inc., SMP-Corp , Fortem Information Technology Ltd
End-User Computing (EUC) Market 2024 Key Insights:
• The end-user computing (euc) market is expected to grow to $20.59 billion in 2028 at a compound annual growth rate (CAGR) of 11.6%.
• BYOD Trend Catalyzes Growth in End-User Computing Market Empowering Employees with Flexible Device Policies
• Increasing Focus On Technological Advancements To Drive The Revenues
• North America was the largest region in the end-user computing market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
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