Valley Cottage, NY, Nov. 16, 2017 (GLOBE NEWSWIRE) -- A fresh business and commerce study by Future Market Insights (FMI) has noted that the market for workstation, across the world, is flourishing, and that the vast possibilities will keep the future profitable. Consequently, a number of vendors are already venturing into the global workstation market and quite a few new entrants are expected to stake a claim for the shares and further intensify the competitive landscape. That being said, a few companies such as Hewlett-Packard, Dell Inc., Fujitsu Ltd., NEC Corporation, and Lenovo Group Limited are hold a position of strength and will continue stay ahead of the curve in the near future via their impressive product portfolio.
As per the projections of the FMI report, the demand in the global workstation market will increment at a CAGR of 4.3% in terms of volume and a CAGR of 9.8% in terms of value during the forecast period of 2016 to 2026. Vendors operating in this market are expected to target and innovate in features such as mobile screen size and the type of processors that can offer speed and reliability. In addition to that, the focus of prominent companies operating in the workstation market are anticipated to diversify applications beyond engineering and into the field of digital content creation (DDC) in order to open new revenue avenues.
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Mobile Workstation Most Profitable Product Segment
Product-wise, the market for workstation has been segmented into tower workstation, mobile workstation, blade workstation, rack workstation, and all-in-one workstation. Among these, the mobile workstation segment provided for 23.7% of the revenue in the global market in 2016 and is expected to exhibit a CAGR of 5.9% during the said forecast period. This segment is gaining traction from its features such as power CPUs, faster graphics processors, and added memory. Since the product cycle of this segment is as long as three years, they are in high demand across the globe for their enhanced performance for digital content creation, software engineering, and economics or finance.
Based on operating system, the global workstation market has been bifurcated into Windows, UNIX, and Linux, with the former accounting for 90.7% of the total demand in 2016 and projected to increment the demand at an above-average CAGR of 9.9%. Application-wise, the report segments the market for workstation into engineering, digital content creation, software engineering, scientific, economic or finance, and other commercial applications.
Geographically, the FMI report picks out North America are most lucrative region that served 40.4% of the demand in 2016 and is expected to expand the demand at a CAGR of 9.6% during the forecast period of 2016 to 2026. In this region, the mobile workstation segment is most profitable, accounting for 35.5% of the total demand. APEJ workstation market provided for 22.3% of the demand in 2016.
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Increasing Application of 3D Animation Software Driving Demand
In the recent past, the demand for 3D animation software has escalated rapidly and companies are now also adopting the digital content creation options in order to find their new clients. This networking and graphical solutions are expected to fuel the market for workstation across the globe. On the other hand, extended cycles of replacement and growing popularity of computing platforms that offer improved quality and high performance is expected to obstruct the market from attaining its true potential. Nevertheless, the vendors operating in this market are expected to gain new opportunities from migration of PC and Apple Mac users to workstations, growing demand for virtual workstations, and increasing usage of mobile workstations for oil and gas exploration activities.
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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