The Thin client market is projected to grow from USD 1.5 billion in 2023 to USD 1.7 billion by 2028; it is expected to grow at a CAGR of 3.1% from 2023 to 2028.
The key factors driving the growth of the thin client market are the rise in cloud migration, the cost-effectiveness of thin clients over its counterparts, digitization in several sectors, such as healthcare and education, and smart manufacturing.
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HP is a leading global provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services. It caters to individual consumers, small- and medium-sized businesses (SMBs), and large enterprises, including government, health, and education organizations. The company has a wide geographic footprint with R&D centers and sales offices, which reduces its exposure to risks associated with a particular market. The company offers a broad portfolio through its Personal Systems segment. It has a large consumer base and high brand loyalty, which can be leveraged to create scope for thin clients, reducing the efforts to capture new customers. Also, the thin client portfolio is among the key growth business segments for the company under workforce solutions. The company also has a robust ecosystem with 2,50,000+ channel partners, making it easier to reach a larger audience.
Dell Technologies focuses strongly on research and development. As of January 2022, it owned 18,570 patents and had an additional 7,619 pending patent applications. The company operates manufacturing facilities in the US, Malaysia, China, Brazil, India, Poland, and Ireland. In FY2022, the company spent USD 577 million on research and development, which stood at 2.5% as a revenue percentage. The extensive product offering, spending on R&D, and significant geographic presence have helped the company remain among the top two players in the thin client market.
Centerm is a major provider of thin client, mini-PC, intelligent financial terminals, POS devices, and management software. It provides customized solutions for customers, which range from hardware to software, including Linux operating system and terminal management software. The company offers its service to financial institutions, enterprises, small and medium businesses (SMBs), and education and security organizations. It has over 1000 banks and financial institutes as trusted partners. The company has six global offices with over 600 R&D teams serving 100+ countries worldwide.
Thin client Market by Form Factor (Standalone, With Monitor, Mobile), Application (ITS, Education, Healthcare, Government, BFSI, Industrial, Retail, and Transportation) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2028
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