Workstation Market Trends

Growth Drivers

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.
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

Workstation Market: Key Insights

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	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

Rising trend of digital content creation, surge in industrial growth, accelerating demand for mobile workstations, and escalating trend of Network as a Service (NaaS) are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of ~11% over the forecast period, i.e., 2022 â€“ 2031.

High cost of workstations, limited use of workstation for business and professional, and lack of custom-made models are estimated to hamper the market growth.

The market in North America is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.

The major players in the market are NVIDIA Corporation, Dell Technologies, Inc., Fujitsu Limited, NEC Corporation, secunet Security Networks AG, Red Hat, Inc., Cisco Systems, Inc., Super Micro Computer, Inc., Intel Corporation, and others.

Workstation Market Trends