The “Global Workstation Market, by Product Type (Tower, Mobile, Rack, Blade, and All in One), by Operating System (Windows, Linux, and Unix), by Application (DCC, Economic / Finance, Engineering, Scientific, Software Engineering, and Other), by End-use Industry (Industrial Automation, IT & Software Industry, Biomedical & Healthcare, Consumer Electronics, Building Automation, Aerospace & Defense, Automotive, and Others) and by Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 81.8 billion by 2027, witnessing a CAGR of 9.8% during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
A workstation is an advanced computer that is typically used for technical and scientific applications. Workstations are specifically designed for high-end user applications such as scientific, software engineering, finance, 3D modeling, and more. All-in-one workstation is one of the most utilized workstations as it is more flexible than other types of workstation and comes with features such as large-screen display, easy modification, and more.
The global workstation market was estimated to account for US$ 38.2 Bn in terms of value in 2018 and is expected to grow at a CAGR of 9.8% during the forecast period.
Rising demand for digital content creation is expected to boost the global workstation market growth over the forecast period
Growing trend and high usage of digital photos and videos among consumers has compelled media industry to adopt simple 2D & 3D image editing, low-end video editing, and web creation for special effects and editing. Such special features are only offered by workstation, which in turn, is expected to boost its demand in the near future. For instance, according to Coherent Market Insights’ analysis, digital content creation segment accounted for around 13% of the workstation market in 2015 and is expected to exhibit a CAGR of 25% by end of 2026
Growing utilization of workstation for various applications to pose significant growth opportunities
Workstations have been used for various applications such as 3D modeling, engineering work, medical diagnostics, financial modeling, etc. Workstations have become standard equipment from architect and engineers, from content creators to analysts, owing to requirement of high level of performance. This, in turn, has increased the demand for workstations significantly. Engineering software such as computer-aided designing (CAD), computer-aided engineering (CAE), electronic design automation (EDA), and more require multi-processors and high-speed capacity. This, in turn, is expected to offer significant business opportunities for market players in the near future.
Growing competition from alternative computing platforms is expected to hamper growth of the global workstation market during the forecast period
Development of cutting-edge technology in computer and networking has resulted in abundance of computing power in the form of interconnected powerful workstations and high performance computing. Such high performance computing (HPC) deliver proficient performance as compared to workstations, which is why they have been adopted by professionals and in businesses. This, in turn, is expected to hamper the global workstation market growth in the near future.
Lightweight mobility workstation has become top priority for many working professionals. This is supported by latest operating systems, Internet technology, and efficient communication. Moreover, portability and lightweight offered by mobility devices are expected to boost the demand for lightweight mobility devices in the near future. For instance, in Western Europe, a potential buyer of lightweight mobility device is expected a male with stead income of US$ 50,000.
A virtual workstation allows organization to deliver powerful graphics from cloud while enabling greater levels of data security, user mobility, and workforce collaboration. For instance, various industries such as oil & gas, architecture, engineering, construction, manufacturing, media, and entertainment are most benefitted from virtual workstation. Moreover, key players in Asia Pacific region are involved in collaboration strategy in order to increase the penetration virtual workstation. China and Japan are early adopters of virtual workstation in APEJ region.
Key players operating in the global workstation market are Acer, Inc, Apple, Inc., Dell Inc., Fujitsu Ltd., Hewlett-Packard Enterprises, Inc., Lenovo Group Limited, Microsoft Corporation, NEC Corporation, Samsung, Toshiba America Client Solutions, Inc., and Others
Major companies in the market are focused on product launches, in order to enhance their product portfolio. For instance, in September 2019, Lenovo launched new generation of AI-enabled ThinkPad, Think Center PCs, and ThinkPad P1 Gen 2 mobile workstations.