Workstation Station Application to Increase in Media & Publishing at Above 10% CAGR through 2031: FMI Study
Rise in demand for high computing applications from photography & editing sectors is expected to propel the growth of workstation software market. According to a new study by Future Market Insights (FMI), the global workstation software market is estimated to register a CAGR of 11.3% during the forecast period of 2021-2031.
Workstation Software Market
A recent market study published by Future Market Insights (FMI) on the workstation softwar...
Workstation software is a high-end user application technology that includes financial modeling, scientific, digital content creation, software engineering, and others. Computer workstation enables dozens of different types of applications and workloads to run and scale successfully. With workstation, it’s easy to deploy multiple applications on single machine better serve increases in load.
Professional photographers working in a studio, must need a software to organize, optimize, and edit their digital photos. Photo-editing software has become incredibly portable. The right setup won’t make a better photographer, but it will help a photographer edit faster and spend more time behind the camera. According to the study, media and publishing will remain chief end user. The application of workstation software in the segment will rise at over 10% CAGR between 2021 and 2031.
While image and video editing do not have requirement for animation or visual effects, it does scale with resolution. Programs such as Photoshop and Lightroom deliver the best performance when paired with generalist processors, multi-GPUs, high storage RAMs, and multi-SSD configurations. Over the past few years, the demand for high-end workstations has increased for professional photographers and image and video editors, which has also increased the demand for professional workstation photo editing software.
Key Takeaways: Workstation Software Market
- Global workstation software market will reach US$ 9.8 bn in valuation by 2021, driven by increasing application across diverse sectors
- Driven by presence of leading market players, the U.S. will account for over 70% of North America market for workstation software
- Early adoption of the latest technologies will enable the U.K. exhibit a little below 15% y-o-y growth in 2021
- Germany will remain the dominant market in Europe, followed by France
- Increasing adoption of 3D modelling and rendering software will drive growth in China and Japan
“The growing demand of CAD and 3D modeling software for creating complex engineering designs and simulations is expected to drive the growth of workstation software market during the forecast period” says FMI Analyst.
COVID-19 Impact Analysis on Workstation Software Market
Closure of physical workspaces and transportation networks as a result of COVID-19 outbreak has compelled many businesses and public bodies to adopt high tech computer technologies. For some individuals, working from home is as simple as taking their laptops home, but others may have specialized PCs and high configured machines that are not as easy to transport back and forth between a home office and workplace. As a result, over the past few months workstation manufacturers and software vendors have witnessed the acceleration in sales and subscription of workstations and development software’s.
Organizations have started investing more into high tech computer technologies, as these system allows employees to work remotely with all the required computing capabilities. In terms of value, the workstation software market in South Asia & Pacific is estimated to record the highest growth rate during the forecast period. Increasing lockdown periods due to COVID-19 pandemic in the APAC countries are estimated to motivate the IT companies to procure workstation and the development software’s during the forecast period.
Higher Adoption of Workstation Applications in SMEs
Industries are moving towards a simpler and faster design preparation workflow. Small and mid-sized organizations are running more demanding applications that have created the need for workstations. This includes financial analysis, design, Computer Aided Design (CAD), heavy video editing and graphics to name a few.
Workstations designed to deliver maximum performance with its advanced user capabilities and under heavy load applications are running parallel. The main role of workstations is to deal with the heaviest of workloads in a variety of industries. Thus, small and mid-sized businesses offer huge growth opportunities for both workstations as well as workstation software vendors in the market.
More Valuable Insights on Workstation Software Market
FMI’s report on the workstation software market is segmented into three major sections such as workstation software (3D modeling & rendering software, CAD, CAM and CAE software, Virtual Reality (VR) software, image and video processing software, others), end users (engineers, designers and architects, enterprise software developers, gaming and entertainment, media and publishing, and others),and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa) to help readers understand and lucrative evaluate opportunities in the workstation software market.
About Technology Division at Future Market Insights
The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
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 Dubai, and has delivery centers in the UK, 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. A team of expert-led analysts at FMI continuously tracks 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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