The global workstation market value is expected to rise from US$ 59.57 billion in 2024 to US$ 125.55 billion by 2034. This estimated growth is expected to be driven by a CAGR of 7.70% in the workstation industry over the next decade.
The demand for workstations is estimated to expand due to an emerging market for 3D animation, digital content, networking, and graphics. Increasing requirements for reduced consumption of energy and decreased costs related to hardware are expected to fuel market growth.
Currently, the media business is adapting basic 2D and 3D picture editing, low-end video formatting, and web development to feature-film special effects production and editing. Therefore, there is a growing demand for digital software that facilitates high processing power. This, in turn, is boosting the adoption of workstations.
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Rising investments in digital transformation are favoring organizations’ growth. Additionally, there is a surging demand for Network-as-a-Service (NaaS) models by firms to constantly give them access to advanced networking technologies.
“Key players are offering competitive pricing and financing options to customers to retain and attract more customers,” says an analyst of Future Market Insights.
Key Takeaways from the Workstation Market Report
- The workstation market in the United States is projected to register a CAGR of 4.4% through 2034.
- In Europe, the Germany market is estimated to expand at a CAGR of 2.2% from 2024 to 2034.
- Emerging opportunities for workstation manufacturers in Australia and New Zealand are expected to influence the regional market. The workstation industry in these countries is anticipated to record a CAGR of 12.3% through 2034.
- The China workstation industry is projected to expand at a CAGR of 11.6% over the forecast period.
- The windows segment is estimated to account for a value share of 83.2% in 2024.
- The large enterprises segment is expected to hold a market value of 53.9% in 2024.
Competitive Landscape
Key players are manufacturing workstations with the latest technologies to meet the demands of users. Additionally, participants are focusing on specializations like optimization of workstations for AI/ML, 3D design workflows, and scientific computing. Players are further investing in research and development activities to get ahead in the market.
Market contenders are targeting certain customer segments where demand for workstations is quite high to increase their revenue generation. They are also strengthening their relationships with key customers to secure greater deals and build brand loyalty.
Industry participants are further providing competitive pricing and financing options to lure customers, particularly medium and small-sized businesses to obtain workstations. Moreover, market players are focusing on providing high-quality customer support, such as warranty services, technical assistance, and training programs to encourage repeat business.
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Latest Developments in the Workstation Market
- In January 2024, NVIDIA revealed GeForce RTX SUPER desktop GPUs for extra charged generative AI performance, new NVIDIA RTX™-accelerated AI tools and software for consumers and developers, and new AI laptops from top manufacturers.
- In April 2023, NSE Cogencis officially reported an extended partnership with Dow Jones to provide premium news via Cogencis WorkStation. The users of Cogencis WorkStation are expected to benefit from the inclusion of real-time streaming news by Dow Jones Institutional News Service. This includes content from the global newsroom of Dow Jones to offer an immediate snapshot of markets during the trading day.
Workstation Industry by Category
By Type:
- Rack Workstation
- Desktop Workstation
- Mobile Workstation
- Tower Workstation
By Operating System:
- Windows Workstation
- Linux Workstation
- Unix Workstation
By Core:
- 6 Cores
- 8 Cores
- 12 Cores
- 18 Cores
- 28 Cores
- 32 Cores
- 56 Cores
- Others
By Enterprise Size:
- SMEs
- Large Enterprises
By Application:
- Digital Content Creation
- Advanced-Data Modelling
- Industrial Designing
- 3D Modelling
- Others
By Industry:
- Healthcare
- Education
- BFSI
- Manufacturing
- Media and Entertainment
- Engineering and Design
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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