Workstation Market size was valued at USD 56.91 billion in 2023 and is expected to exceed USD 147.49 billion by 2036, registering over 7.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of workstation is assessed at USD 60.37 billion.
The growth of the workstation 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.
Base Year |
2023 |
Forecast Year |
2024–2036 |
CAGR |
7.6% |
Base Year Market Size (2023) |
USD 56.91 billion |
Forecast Year Market Size (2036) |
USD 147.49 billion |
Regional Scope |
|
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.
Our in-depth analysis of the global workstation market includes the following segments:
By Product Type |
|
By Application |
|
By Operating System |
|
By End-Use Industry |
|
Regionally, the 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 estimated to dominate majority revenue share by 2036, backed by swiftly growing demand for 3D animation technology, continuous technological progress, and constant research and development.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?