Growing Requirement of Cloud Computing to Enhance Digitization in Design Industry Drives Market Growth
Increasing demand for high computer applications in photography and publishing industries is expected to propel the growth of the workstation software market. The Global desktop software market is expected to reach the valuation of $ 28.77 billion by the end of 2031, according to a study by Future Market Insights (IMF). Computer Aided Design helps increase productivity and undertake mission critical applications. The growing demand for custom workstations for heavy-duty applications such as 3D modeling and product lifecycle management will increase market growth, assessed Future Market Insights, an ESOMAR-certified consulting firm.
According to the study, workstations are more efficient when used in parallel processing to run heavy workloads of multiple sizes. They are able to handle multi-layered graphics, 3D virtual reality applications and fluid dynamics that require significant computing power. The versatility of the desktop will positively influence the growth of the desktop software market.
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“The growing popularity of 3D design and animation software in the engineering and manufacturing industries will increase demand in the workstation software market,” notes the IMF analyst.
Analysis of the impact of COVID-19 on the desktop software market
The closure of physical workspaces and transportation networks in the wake of the COVID-19 outbreak has forced many businesses and government agencies to adopt high-tech IT technologies. For some people, working from home is as easy as bringing their laptop home, but others may have specialized PCs and highly configured machines that are not as easy to transport between the home office and the location. of work. As a result, in recent months, desktop manufacturers and software vendors have witnessed an acceleration in sales and subscriptions of desktop and development software.
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Key points to remember
- The digital content creation industry is experiencing tremendous growth with the incorporation of smart technologies. It is expected to increase by 25% by 2026.
- The booming IT, architectural and manufacturing industry in the United States has fueled the growth of the workstation software market.
- The UK desktop software market is expected to grow at 16.2% CAGR by the end of the forecast period 2021-2031. Growth is driven by strong demand from car manufacturers and development in media and advertising.
- High government investments in advancing cloud computing and digital transformation as well as early adoption of virtual computing are driving market growth in China.
- India is a promising prospect for the workstation software market. The increasing adoption of 3D modeling and rendering technology in the construction industry will drive sales in the workstation software market.
- The growing popularity of gaming culture has led to the development of high quality graphics games leading the way in the growth of the workstation software market.
- The growing demand for image editing, web content creation, and video editing with special effects has led to an increase in demand in the workstation software market.
- The adoption of computer aided design and graphic design and other heavy system applications that require multiple game processing units and RAM will drive the market growth.
- Fluctuating software performance and limited game customization will hamper sales in the market.
- Unavailability of custom models for task-specific applications such as engineering will hamper market growth.
- The high initial cost of the workstation coupled with a very niche market base hinders market growth.
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Key players presented by FMI operating in the workstation software market include Autodesk, Inc., Unity Technologies, Virtuix, Microsoft Corporation, GIMP, Survios, Enscape, Skylum, Fujitsu, Adobe Inc., Corel Corporation, Dassault Systèmes SolidWorks Corporation, SubVRsive Inc., Luxion Inc, MAXON COMPUTER GMBH. According to IMF, Tier 1 market players like Autodesk, Inc., Fujitsu, Adobe Inc, and Microsoft Corporation dominate the workstation software market with nearly 40% of the global market share. They focus on product launches, strategic acquisitions and collaborations and the development of their distribution network. Level 2 and 3 market players with less than 15% market share focus on expanding business and entering new markets.
In June 2020, Autodesk Inc launched “Autodesk Takeoff” which helps the designer to perform 2D and 3D design estimates from a common data pool to improve speed and accuracy during the quantification process.
Key segments covered:
By workstation software
- 3D modeling and rendering software
- CAD, CAM and CAE software
- Virtual reality (VR) software
- Image and video processing software
By end user
- Engineers, designers and architects
- Enterprise software developers
- Games and entertainment
- Media and Publishing
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Keywords: Workstation Software Market, Workstation Software Industry Size, Workstation Software Industry Share, Workstation Software Market Sales, Software Market Revenue Workstation Software Market Demand, Workstation Software Market Growth
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