Global Workstation Market Size, Forecast, and Trend Highlights Over 2022 - 2031
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Base Year |
2021 |
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Forecast Year |
2022-2031 |
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CAGR |
~23% |
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Base Year Market Size (2021) |
~USD 50 Million |
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Forecast Year Market Size (2031) |
XXX |
The global workstation market is estimated to garner a significant revenue by the end of 2031 by growing at a CAGR of ~11% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 50 Million in the year 2021. The growth of the market is primarily attributed to the rapidly growing animation industry, and rising demand for animation software and graphics. For instance, the US animation industry was estimated to be worth approximately USD 33 billion in 2021, and by 2026, it is projected to expand by 12%.
A workstation is an extremely powerful computer system that is primarily intended for use by single user. It has a large storage capacity, advanced graphics, and a very powerful CPU (central processing unit) or microprocessor. Workstation is widely applied in business or professional settings. Typically, workstations are used by architects, engineers, graphic designers, and other professions that require fast CPUs and lots of RAM. Since the COVID-19 crisis, the trend of cloud computing has been increasing. Therefore, integration of virtual workstations has been on a rapid hype. For instance, in 2022, the global cloud computing industry is projected to expand around USD 616 billion.
Global Workstation Market: Growth Drivers and Challenges
Growth Drivers
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Rising Trend of Digital Content Creation - Getting news and watching TV online has become as a result of increased Internet access via smartphones. As more people use the internet for information, there has been an increase in digital content to fulfill the demands. Based on the data released by IEA, over 40% of internet traffic worldwide in 2020 was driven by video streaming, online gaming, and social networking.
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Surge in Industrial Growth- Industrial growth leads to an economy transitions from a primarily agricultural to a manufacturing-based economy. Therefore, growing industrialization makes a significant influence on the demand of workstation as it is widely used for industrial application. Based on the data provided by the United Nations Industrial Development Organization, global industrial output increased by 4.2% over the previous year in the first quarter of 2022. Similar annual output growth of 4.1% was reported by industrialized economies after stable increases of 3.6% and 6.1% in the previous two quarters, correspondingly.
- Accelerating Demand for Mobile Workstations – With the time, the demand for mobile workstations is increasing as the devices have become more portable and proficient. In recent years, 33 to 42% of workstations purchased have been mobiles rather than desktops.
- Escalating Trend of Network as a Service (NaaS) - Numerous enterprises have enhanced productivity by automating user onboarding, provisioning network and endpoint devices, implementing network and security policies, and troubleshooting issues. Organizations are able to dynamically use networking capabilities in this cloud-enabled network-as-a-service (NaaS) paradigm without having to buy, construct, or manage the infrastructure themselves. For instance, more than 38% of organizations stated that a major reason for adopting a NaaS model is that it is capable to provide them with the most up-to-date networking technologies and capabilities on a continuous basis.
- Global Investment in Digital Transformation – Investment in digital transformation is a boon for organizations as it has become vital as a result of the pandemic's significant effect on organizations globally. Global spending on digital transformation is anticipated to hit approximately USD 1.5 trillion in 2022.
Challenges
- High Cost of Workstations
- Limited Use of Workstation for Business and Professional
- Lack of Custom-Made Models
The global workstation market is segmented and analyzed for demand and supply by application into digital content creation, economic/finance, scientific, engineering, software engineering, and others. Out of these, economic / finance segment is anticipated to have the largest market share over the forecast period on the back of technological advancement, digitization of financial services, worldwide adoption of fintech services, supportive policies, and the huge capital investment. For instance, fintech services adoption increased globally from 17% in 2015 to 66% in 2019.
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Workstation Market Regional Synopsis
Regionally, the global workstation market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2031 backed by the swiftly growing demand for 3D animation technology, continuous technological progress, and constant research and development. For instance, global R&D outlays reached approximately USD 2 trillion in the year 2019.
The global workstation market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global workstation market includes the following segments:
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By Product Type |
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By Application |
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By Operating System |
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By End-Use Industry |
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Top Featured Companies Dominating the Global Workstation Market
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NVIDIA Corporation
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Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
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- Dell Technologies, Inc.
- Fujitsu Limited
- NEC Corporation
- secunet Security Networks AG
- Red Hat, Inc.
- Cisco Systems, Inc.
- Super Micro Computer, Inc.
- Intel Corporation
- Apple Inc.
