Industry News
Workstation Market Set for 8.6% CAGR During 2019–2029
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.
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 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.
These insights are based on a report on Workstation Market by Future Market Insights.