The thin client market is expected to grow from USD 1.19 Billion in 2017 to USD 1.32 Billion by 2023, at a CAGR of 1.8% between 2017 and 2023.
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According to the new market research report "Thin Client Market by Form Factor (Standalone, With Monitor, and Mobile), Application (Enterprise, Government, Education, and Industrial), and Geography (Americas, Europe, Middle East & Africa, and Asia Pacific) - Global Forecast to 2023", the thin client market is expected to grow from USD 1.19 Billion in 2017 to USD 1.32 Billion by 2023, at a CAGR of 1.8% between 2017 and 2023. The factors driving the growth of this market are reduced cost and energy consumption, easy and centralized manageability, and increased infrastructure security.
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“The thin client market for the with monitor form factor is expected to grow at the highest CAGR during the forecast period”
With monitor form factor is expected to grow at the highest CAGR in the thin client market between 2017 and 2023. The demand for the with monitor thin clients is growing mainly in the education and healthcare industries.
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The increasing demand is attributed to the need of replacing the old computers with a single system that reduces the space requirement at an affordable cost and also lowers the energy consumption in the long run.
“The thin client market for the education application is expected to grow at the highest CAGR during the forecast period”
The thin client market for education is expected to grow at the highest CAGR between 2017 and 2023. The educational institutes, such as colleges, research institutions, and labs, are adopting thin clients to reduce energy consumption and control the monitors centrally, either at the systems of professors or IT control department.
Also, the use of thin clients reduces the cost of the system upgrades for institutes and time spent by professors and students to set up the fat clients at every login.
“Asia Pacific (APAC) expected to lead the thin client market between 2017 and 2023”
Asia Pacific (APAC) is expected to hold the largest share of the thin client market during the forecast period. The thin client markets in APAC, including the countries such as China, India, Japan, Korea, Australia, and Singapore, are expected to grow at the highest CAGR due to large deployment of these devices in these countries.
For instance, banks and financial institutions in China are largely deploying thin clients to improve the security, and manage and control the systems centrally.
The major players operating in the thin client market include Dell (US), HP (US), NComputing (US), Centerm (China), Igel (Germany), 10Zig (US), Fujitsu (Japan), Samsung (South Korea), Lenovo (China), LG Electronics (South Korea), NEC (Japan), ASUS (Taiwan), Cisco (US), Advantech (Taiwan), and Siemens (Germany).
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