Thin Client Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Thin Client Market
The thin client market size was valued at USD 1.48 billion in 2022, and the market is now projected to grow from USD .54 billion in 2023 to USD 1.99 billion by 2030, exhibiting a CAGR of 3.7% during the forecast period of 2023-2030.
The COVID-19 pandemic has impelled the thin client market growth. The pandemic has encouraged firms to shift toward these solutions to address the issues caused by the widespread embracing of remote work. The raised awareness about the service has pushed customers for their execution as a strategic IT infrastructure solution. The deadly disease highlighted the compliance of the equipment in supporting various businesses during exceptional times.
The increasing necessity for supervision of data without concession performance and in a considerable budget has enhanced the thin client market share globally. The tool relies on a central server for computing tasks, allowing them to have minimum hardware requirements, which results in lower initial expenses. However, conventional PCs employ higher expenses owing to the constraint for robust local processing power and storage capacity. Lower upfront costs also make the software an attractive alternative for tight expenditure institutes where large deployments are required.
The trend of combination of advanced technologies with these devices is boosting the market growth. These deliberate evolutions take place from the escalating demand for fast and decentralized data processing in a variety of big business environments. These products are very important for localized processing as well as proficiency and helpful for centralized management for real time data analytics.
Comprehensive Analysis of Thin Client Market
The thin client market and information & communication technology industry is growing at an exponential momentum in consequence of its market segmentation. This market expansion effectively makes available a thorough regional estimation taking into account the dominant supply and demand forces that impact the information & communication technology commerce. These segmentations are methodically segregated by types of component, end-user, and enterprise type. The components are hardware, software, and services. The end-users are BFSI, retail, IT and Telecom, industrial, education, healthcare, government, and others. The enterprise types involve SMEs and large enterprises.
The North American region is favorable for the global thin client market leading to a recall of USD 0.61 billion on account of the existence of numerous main organizations that are providing secure and cost-effective computing solutions.
The top players in the market play a vital role in the information & communication technology industry assuring industrial prospectus growth and setting market values. These players are Lenovo (China), Dell Inc. (U.S.), Centerm (China), Samsung Electronics (South Korea), HP Development Company, L.P. (U.S.), Fujitsu (Japan), 10ZiG Technology Inc. (U.S.), LG Electronics (South Korea), Praim Srl (U.K.), and IGEL Technology (Germany), these market players provide a fair-playing competitive landscape.
In August 2023, LG Business Solutions USA launched the 2023 CQ series of clients. It emphasizes extended product life, advanced security, robust performance, faultless connectivity, and notable power savings. These clients aim to improve efficiency and productivity while simplifying expansion for consumers.
Segmentation Table
Global Thin Client Market Scope
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 3.7% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Component
Hardware
Software
Services
By Enterprise Type
Large Enterprises
Small and Medium Enterprises (SMEs)
By End-user
IT and Telecom
BFSI
Healthcare
Industrial
Government
Education
Retail
Others (Transportation)
By Region
North America (By Component, Enterprise Type, End-user, and Country)
U.S.
Canada
Mexico
South America (By Component, Enterprise Type, End-user, and Country)
Brazil
Argentina
Rest of South America
Europe (By Component, Enterprise Type, End-user, and Country)
U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe
Middle East & Africa (By Component, Enterprise Type, End-user, and Country)
Turkey
Israel
GCC
North Africa
South Africa
Rest of the Middle East & Africa
Asia Pacific (By Component, Enterprise Type, End-user, and Country)
China
Japan
India
South Korea
ASEAN
Oceania
Rest of Asia Pacific
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