PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401853
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1401853
According to Stratistics MRC, the Global Desktop Terminal Market is growing at a CAGR of 9.8% during the forecast period. A desktop terminal is a text-based interface used to interact with a computer's operating system or execute commands. They are powerful tools for users who are comfortable with the command line and are widely used in software development, system administration, and other technical fields. It can be used to type commands, manipulate files, execute programs, open documents, view the results of executing commands and control applications running on the computer. It is also known as a terminal server, remote desktop server, or terminal services server.
Rising adoption of cloud computing
Cloud computing enables the delivery of software applications as a service over the internet. It facilitates remote desktop services, follows a pay-as-you-go model, provides virtualization technologies and eliminates the need for users to manage software updates locally. Users can access more apps that are moving to the cloud via web browsers or thin desktop terminal apps. This change lessens the demand for locally installed, resource-intensive apps and supports the expansion of desktop terminal solutions.
Security concerns
In the desktop terminal sector, security is primarily concerned with safeguarding user access, data, and systems. Unauthorised access might result from inadequate authentication procedures and loose access restrictions. Sensitive data can be intercepted during unencrypted data transmission. Furthermore, encryption malware, VPN use, USB security, default settings, insider threats, and ransomware may all encourage vulnerabilities that impede market growth.
Evolving customization & specialized solutions
The desktop terminal market has been influenced and propelled by specialized solutions through industry-specific requirements, software integration, user preferences, security requirements, energy efficiency and scalability. As environmental concerns become more significant, customization in desktop terminals mainly focuses on low-power components, advanced power management, and environmentally friendly materials, aligning with the sustainability goals of organizations. Overall, evolving customization and the development of specialized solutions not only enhances the functionality of desktop terminals but also contributes to their continued relevance in a dynamic technological landscape.
Growing remote work trends
As remote work became the norm, employees and employers invested in desktop computers, monitors, keyboards, and other peripherals to facilitate remote work. The shift to remote work led to an increased need for personal devices to establish efficient home office setups. It also accelerated the adoption of cloud-based solutions. This shift has impacted the demand for on-premises desktop solutions. The increased varieties of preferences lead to a fragmented market. This results in a slower replacement cycle and impacts the growth prospects of the desktop terminal market.
The desktop terminal market has positively impacted by the covid pandemic. With the widespread adoption of remote work during the pandemic, there was an increased demand for desktop terminals or computers to support employees working from home. The epidemic accelerated the adoption of cloud services, and this shift has influenced the demand for desktop terminals. On the other hand, businesses and individuals facing financial challenges have postponed or scaled back investments in new desktop terminals.
The all-in-one desktops segment is expected to be the largest during the forecast period
The all-in-one desktops segment is estimated to have a lucrative growth. All-in-one desktops are computers that integrate the CPU, memory, and other components into the monitor, resulting in a compact and streamlined design. They are often used in business environments for office productivity tasks. Since all components are integrated into the monitor, there is less need for external hardware. Further, it offers numerous advantages including sleek design, easy setup, reduced cable clutter, touch screen options, energy efficiency and high productivity.
The enterprises segment is expected to have the highest CAGR during the forecast period
The enterprises segment is anticipated to witness the highest CAGR growth during the forecast period. Enterprises use desktop terminals for a combination of factors that align with business needs and objectives. Desktop terminals play a crucial role in enterprises, providing centralized computing, cost efficiency, security, energy efficiency, scalability and longevity. This allows for efficient management of computing resources and data. It aligns with environmental sustainability goals and reduces operational costs.
Asia Pacific is projected to hold the largest market share during the forecast period owing to growing IT infrastructure and industrial applications. The Asia-Pacific region has been experiencing significant growth in technology adoption, economic development, and digital transformation initiatives. Different industries in the Asia-Pacific region, including finance, healthcare, manufacturing, and education, contribute to the demand for desktop terminals. Further, the COVID-19 pandemic has accelerated the trend of remote work globally, which accelerated the growth of the market.
North America is projected to have the highest CAGR over the forecast period. The gaming industry is a significant consumer of high-performance desktops in United States. It has the presence of major key players such as Dell Inc, Lenovo Group Limited, Intel Corporation, Cisco Systems, Hewlett Packard Enterprise and Apple Inc. Also, the impact of the COVID-19 pandemic has influenced the desktop terminal market in North America. The rapid industrialization and innovations in gaming industries are fuelling the market growth in this region.
Some of the key players profiled in the Desktop Terminal Market include Lenovo Group Limited, Ruijie, Hewlett-Packard Inc (HP), ShareVDI, Sangfor, Dell Inc., Centerm, FomiCloud, Fujitsu Limited, Huawei, Samsung Electronics Limited, ViewSonic Corporation, Atrust Computer Corporation, Chip PC Technologies, Apple Inc., Intel Corporation and Cisco Systems Inc.
In October 2023, Intel launched the new Intel® Core™ 14th Generation desktop processor family, led by the Intel® Core™ i9-14900K. This latest-generation desktop processor family includes six new unlocked desktop processors at launch, delivering up to 24 cores and 32 threads and up to 6 GHz of frequency right out of the box.
In October 2023, Apple introduced its third-generation custom M3 chips for Mac laptops and desktops, with significant performance enhancements. These chips mark Apple's sustained growth in the Indian PC market, especially in the commercial and creative sectors, amid growing competition.
In August 2023, Lenovo announced the launch of its latest trio of unconventional desktop workstations, the ThinkStation PX, P7, and P5. These technologically advanced workstations have been co-designed with Aston Martin, and powered by Intel®'s latest processor technology and NVIDIA RTX™ professional GPUs to surpass the most extreme, high- computing workloads across various industries, offering users unparalleled power, performance, and productivity.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.