With 3.1% CAGR, Thin client Market Growth to Surpass USD 1.7 billion
Posted by edwardzmusso on January 25th, 2023
The thin client market is estimated to reach USD 1.7 billion by 2028, growing at a CAGR of 3.1% from 2023 to 2028. Integration of emerging technologies to support digitalization across all industries is driving the demand for remote digital infrastructure, which, in turn, is driving the demand for the thin client market.
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The ITS segment is estimated to hold the second-highest share in the global thin client market. The growing data security concerns are expected to contribute to the growth of the Information and Technology Services (ITS) segment. The ITS segment is estimated to hold the second-highest share in the global thin client market. For ITS, it is an effective PC replacement technology that facilitates immediate access to virtual desktops and applications and offers centralized computing capabilities. Upgrades, security policies, etc., can be executed from the data center instead of the endpoint making thin clients can easier to manage.
Education segment has been estimated to grow at the highest rate in the application segment. In the age of digitization, organizations are forced to shift to the cloud for cost-effective and flexible data storage options on an on-demand basis. Governments across countries are investing in cloud-computing delivery models. With the increasing initiatives from governments toward digitizing the infrastructure, the demand for virtual infrastructure solutions such as thin clients is rising. Educational institutions must provide their students with the latest computing facilities. Thus, they must upgrade their PCs every two to three years to keep up with time. Updating computers with the latest software and programs is time-consuming and difficult for institutions to stay within budget. Therefore, education institutes are turning to thin client solutions, as they allow IT teams to create simple, secure, and centrally manageable infrastructure. Also, they help IT admins handle every thin client computer at once from a central server instead of managing updates at every computer and provide control of each computer system to ensure the best possible usage of technology for educational purposes. Moreover, a thin client is the most cost-effective option for educational institutions compared to desktops and laptops.
North America is growing at the second-highest growth rate in the global thin client market. North America’s digital ecosystem is continuously evolving with the digital revolution. New technological developments, such as IoT, cloud computing, and connected devices, are projected to drive this evolution. The US and Canada are the top North American countries expected to contribute to the growth of the cloud computing market. The region is a mature market due to several players offering cloud computing, such as AWS, Microsoft, IBM, and Google. Factors such as the shift of organizations toward cloud services and the increasing adoption of digital business strategies are expected to drive the adoption of cloud computing in the region. With this shift toward cloud computing, organizations in North America are adopting virtualization solutions and services.
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The benefits offered by desktop virtualization solutions, such as mobility, security, flexibility, and manageability, are increasing the adoption of thin client solutions in the region. The need to reduce excessive expenditures, such as hardware costs, and provide a flexible work environment to employees (WFH or hybrid culture) has significantly increased the adoption of thin client solutions across large, small, and medium-sized enterprises. The focus on smart infrastructure and investment in cloud computing by government and private organizations is driving the growth of virtualization solutions in the region, hence, the demand for thin client solutions.
News also Covered: https://www.prnewswire.com/news-releases/thin-client-market-worth-1-7-billion-by-2028---exclusive-report-by-marketsandmarkets-301729139.html
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Joined: February 8th, 2021
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