Workstation Market Set for over 8% CAGR During 2019 - 2029; Mobile Workstations Remain in Demand in Design & Engineering Industry: FMI

Mar 18,2020 | Electronics, Semiconductors, and ICT

The worldwide sales of workstation exceeded US$ 43 Bn in 2018, and is anticipated to exhibit a CAGR of 8.6% during the forecast period. The rising demand for virtual workstations and increasing preference for mobile workstation for 3D modelling and in the gaming industries are the factors creating potential growth opportunities for the workstation market.

According to the report, factors such as rising demand for 3D animation software, growing demand for digital content creation, and low energy consumption and reduction of hardware related expenditure are projected to drive growth of the workstation market.

Key Takeaways of Workstation Market Study

  • The adoption of mobile workstation is anticipated to grow significantly in manufacturing and gaming industries.
  • The engineering & design industry is expected to remain a key industry in the global workstation market due to the high demand from engineers and designers for the creation of 3D mechanical designs and engineering simulations.
  • The North American and Western European markets are expected to provide more lucrative opportunities in the workstation market as compared to other regional markets.
  • Asia Pacific excluding Japan is expected to be a key market in the workstation market. Moreover, India is expected to exhibit a noteworthy CAGR.

The growing demand of mobile workstations for creating complex engineering designs and simulations is expected to drive the workstation market growth during the forecast period.

workstation market share by region pr

Increasing Focus of Key Players on Product Innovation

Companies in the workstation market have started investing more in speeding up the process of product development and innovation. Leading players in the global market are adopting business expansion, acquisition, and collaboration strategies in a bid to capture a significant share of the global market.

For More Detailed Insights on Workstation Market

  • For instance, in February 2018, HP announced that it will power up the performance of its bestselling workstation, the HP Z4, with the integration of Intel Xeon and Core X processors to support dual extreme graphics.

Some of the key players in the workstation market are 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 key players.

More Valuable Insights on Workstation Market

Future Market Insights puts forward an unbiased analysis of the global market for global workstation market, providing historical data for 2014-2018 and forecast statistics from 2019-2029. To understand opportunities in the workstation market, the market is segmented on the basis of types, operating systems, cores, enterprise size, applications, and industries, across seven major regions.

For additional insights on how the market growth will unfold over the course of projection period, write to [email protected]

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The electronic, semiconductors, and ICT division at Future Market Insights focuses on tracking and analyzing ever-changing dynamics of the IT and telecommunication industry. The ICT team has also executed several complex projects pertaining to the convergence of healthcare and ICT, rapid adoption of ‘as-a-service’ business model, growth prospects of consumer electronics market, and evolution in design and fabrication of semiconductors. To help clients from all over the globe meet their unique needs, the team offers a variety of customized market research reports and consulting services: reach out to explore how we can help.

About Future Market Insights (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 London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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