Thin Client Market Overview
The thin client market was valued US$ 1.6 Bn in 2020, and would grow by more than 2.2% CAGR.
Thin Client consist of network computers which is connected to a server-based computing environment in which memory, sensitive data, and most applications are stored. It uses central server to store data instead of hard drive and it is also known as lean or slim client.
According to latest research by Future Market Insights, thin client market is set to witness higher growth during 2021-2031.
The market will show high growth in coming years, owing to adoption of hybrid and multi-cloud environment by many organizations and comparatively less expensive, secure hardware solution offered by thin client. Moreover lack of infrastructure for network in developing economies for cloud computing restraining the growth of the thin client market.
What is Driving Demand for Thin Client Market?
Thin client able to decrease the desk space and helps to offer alternative for traditional systems. Reduced energy consumption over a period by such systems driving the growth of the thin client market. It offers advantages such as enhances infrastructure security, comparatively less expensive secure hardware solution, lesser energy consumption, centralized system & simple manageability, and cost reduction.
The performance of the thin client is lot more depends on the speed of the internet. Thus evolution of 5G technology propels the growth of the thin client market. Thus adoption of hybrid & multi-cloud environment and secure hardware solution by many organizations in many industries fuels the growth of the thin client market.
Rising Adoption of thin Clients in the BFSI, Education and Healthcare Industries in Recent Years is Driving the growth of Thin Client Market
In recent years, there is rising growth of the education and healthcare industries. Also banking and financial services providers has to deal with an escalating large amount of data.
So instead of update every desktop thin client solutions can setting up a few application servers which receives new updates. It helps to extend all the thin clients across the organization/bank. Thus rising adoption of such cost effective solutions by enterprises in banking and financial sector augments the growth of the thin clients market.
Also, the market will show high growth in coming years, as the thin clients provides risks related security solutions such as third-party identity fraud, the data leaks, and unauthorized account access caused by external devices. External device used for storage is USB memory stick.
North America Demand Outlook for Thin Client Market
North America is anticipated to constitute a highest revenue growth in the thin clients market over the forecasted period. North America shows significant growth in thin clients market owing to increasing adoption of highly technology-oriented products and cloud technology.
North America has presence of key suppliers of pharmaceutical products including Dell, HP, NComputing, and 10Zig. These key vendors has flexible IT support and an active infrastructure fuels the demand of the thin clients market in North America region.
North America has one of the most developed IT and telecommunications industry among other regional markets. Thus increasing growth of banking, healthcare sector, and government organization in North America region fuels the demand of the thin client market.
Europe Thin Client Market Outlook
Europe is the second largest contributor to thin client market, owing to technological innovations and adoption of advanced internet technology. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region. The developed economies in Europe region provides active infrastructure for advance technology like 5G, cloud computing, and Internet of Things (IoT) which ultimately fuels the growth of the thin client market.
The growth of the industries such as healthcare IT, telecom, and BFSI industry in Europe region ultimately boosts the demand for the cloud computing and thin client solution provider across the region. The stringent government regulations about telecomm industry in countries like France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the thin client market.
Who are the Major vendors of Thin Client Market?
Some of the leading vendors and companies of thin client market include
- Dell Inc.
- IGEL Technology GmbH
- LG Electronics Inc.
- American Industrial Systems, Inc.
- NEC Corporation
- Siemens AG
- HP Development Company, L.P.
- 10Zig among others.
These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for thin client market.
Furthermore, many companies are focusing on acquiring small and mid-sized organizations present in this market.
For instance, In February 2021, LG Business Solutions announced partnership with IGEL. This partnership helps to drive flexible access and business growth to enterprise applications for mutual customers of LG and IGEL. It brings company’s all-in-one thin clients IGEL OS for out-of-the box used by mutual customers.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
By Form Factor:
- With Monitor
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia & Pacific
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa