The thin client market is anticipated to observe increased growth during the forecast period, primarily owing to the advantages, such as cost reduction and lesser energy consumption, centralized and easy manageability, and the enhanced infrastructure security these devices offer.

- Various industries are seeking low-cost devices that can significantly decrease the desk space and offer an easy replacement/upgrade for conventional systems. The thin client systems qualify for these requirements. They are also capable of reducing energy consumption over a period, which is the primary reason for increasing the demand for these devices in various industries.

- The healthcare industry is also witnessing an extensive adoption of these devices as a computing solution, owing to their security benefits. In contrast, the IT and telecom industry is installing these devices primarily to facilitate the development of a virtual network.

- The players operating in the market are focusing on their products. A few of them are focusing on software supporting the hardware devices. For instance, in March 2020, Dell Technologies announced the release of version 9 of their proprietary thin client operating system, ThinOS 9. Dell Technologies is the parent company of Dell and Dell EMC since Dell acquired EMC in 2015. ThinOS 9.0 supports all of their current crop of thin client appliances—Wyse 3040, Wyse 5070, Wyse 5470, and Wyse 5470 mobile.

- Also, the market has been witnessing partnerships and collaborations. In May 2020, VXL announced a new partnership agreement with leading Italian IT vendor, ThinClient24, to supply its full range of thin clients, homeworking solutions, unified endpoint management, and digital signage software.

- The trend toward remote work has been steadily growing for the past decades. However, the effect of COVID-19 dramatically accelerated this trend in an extremely short period of time, forcing companies irrespective of its size to adapt quickly to the self-isolation measures that were being recommended by governments across the world. With the pandemic requiring more people to be working remotely, the concern regarding the security of the data sharing among the employees increased. This has been driving the adoption of the demand for thin-client devices.

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Key Market Trends

Enterprise Segment to Witness Significant Growth

- The thin clients offer solutions for risks related to security such as unauthorized account access, third-party identity fraud, and the data leaks caused by external devices, such as a USB memory stick, owing to which the market is expected to witness further growth.

- Various organizations across the globe are moving to the hybrid and multi-cloud environment, and a thin client offers a comparatively less expensive, secure hardware solution which is one of the factors that is driving the market.

- There has always been a challenge for banking and financial services providers to deal with an escalating huge amount of data. Rather than upgrading each PCs every couple of years, setting up a few application servers who can receive these upgrades easily is an economical solution for these institutions as the benefits of those upgrades can immediately extend to all the thin clients across the organization.

- With the rising adoption of workspace-as-a-service (WaaS) in several enterprises, the market is anticipated to witness augmented demand during the forecast period. WaaS is primarily a kind of desktop virtualization that is used by multiple organizations to provide their employees with access to applications remotely.

- In May 2020, HP Inc. is doubling down on mobile PCs built around the cloud and virtual desktop access as countless employees continue to work remotely. HP unveiled three new business-class Chromebooks--which run Google's cloud-connected Chrome OS and two new thin-client devices connected to virtual desktop infrastructure (VDI) solutions, including Citrix and VMware.

- Energy companies operating in a geopolitically sensitive industry face frequent cyberattack targets, especially from foreign governments. Using the cloud as a base for desktop virtualization, sensitive information is stored centrally, and authentication policies can be set to secure the cloud environment. This is anticipated to generate demand for the thin client market.

- Various educational institutions, such as colleges, research institutes, and labs, are increasingly adopting a thin client solution to control the monitors centrally at an IT control department, reducing energy consumption. To an extent, these devices also decrease the cost of system upgrades and the time consumed in setting up the PC or laptop at each login.

North America is Expected to Hold the Largest Market Share

- North America is expected to dominate the market, primarily, owing to the presence of major players. Factors, such as the increasing adoption of cloud technology and highly technology-oriented products, require an active and flexible IT support that is available with the majority of companies in the region, which is likely to drive the market growth.

- The presence of the market leaders, a significant number of cloud service providers, and an increasing number of hosted servers in the region are the major contributors to the market's growth studied in the region. According to the Cisco Global Cloud Index, North America is expected to have the highest cloud traffic by 2021.

- The organizations in the region are an early adopter of the new technologies, which is the major driving force behind the region's dominance. The presence of large cloud service providers plays a significant role in the growth of cloud-based thin client deployment in the region.

- Cloud computing and virtualization are becoming increasingly important in broadcasting. The physical hardware available on site can be optimally supplemented by virtual machines and computers, remotely-accessed via network protocols.

- Moreover, the North American IT and telecommunications industry is one of the largest among other regional markets. Also, industries, such as banking, healthcare, and government organizations, which handle a large amount of sensitive information, are looking forward to adopting thin client solutions, as they can preserve the integrity of the intellectual property better than a fat client.

Competitive Landscape

The thin client market is highly competitive owing to the presence of many large players in the market providing products in the domestic as well as in the international markets. The market appears to be mildly concentrated with the key players in the market adopting strategies like product and service innovation, partnerships, mergers, and acquisitions to extend their geographic reach and stay ahead of the competitors. Some of the major players in the market are Dell Inc., HP Development Company, L.P., Samsung Group, LG Electronics Inc. among others.

- September 2020 - Chinese cloud giant, Alibaba Cloud, developed a thin-client PC that will alleviate the need for powerful desktop hardware to perform compute-intensive tasks. Alibaba Cloud claimed that the device could reduce the time it takes to render one frame of high-resolution animation from 90 minutes using a traditional PC to only 10 minutes.

- March 2020 - Dell Technologies announced the release of version 9 of their proprietary thin client operating system, ThinOS 9. Dell Technologies is the parent company of Dell and Dell EMC since Dell acquired EMC in 2015. ThinOS 9.0 supports all of their current crop of thin client appliances—Wyse 3040, Wyse 5070, Wyse 5470, and Wyse 5470 mobile.

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