Grid Computing Market, Demographical MRFR Industry Growth Trending Report Players Growing at a CAGR of according to Emerge Research Report Forecast By 2027
Market Scenario:
The Grid Computing Application Market is predicted to grow at a healthy CAGR in the
forecast period (2020- 2027), states the latest Market Research Future (MRFR)
report.
Drivers
Growing Adoption of Technology in
Organizations to Share Computing Databases to Boost Market Growth
The growing adoption of technology in organizations
to share their computing power, computing databases, and other techniques all
over the corporates and to other countries sans compromising local autonomy is
adding market growth. The grid company offers a special feature to jointly work
with workers of various organizations for solving common issues. Besides, grid
computing also assists in resource recovery, resource collaboration, and
resource sharing on the distributed network. The growing use of grid computing
in developing countries has assisted to increase the market share
significantly.
Opportunities
Increasing Use during COVID-19 to
offer Robust Opportunities
Increasing use of grid computing in the healthcare
sector for the research and development of the vaccine and increasing adoption
of work-from-home policy during the COVID-19 pandemic will offer robust
opportunities for the market in the forecast period.
Restraints and Challenges
Security Issues Faced by Various
End-Users to Act as Market Challenge
Security issues faced by various end-users will act
as a market challenge. In grid computing, it offers a platform which allows
users in sharing common data between various organizations. Thus there is a
high degree of possibility of tapping into someone’s vital data and modify
accordingly. The grid computing system enables its users in sharing their work
with others due to which other people can read one’s sensitive and confidential
data that is a major issue.
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Competitive
Outlook:
Eminent players profiled in the global grid
computing market report include Oracle (U.S.), Sun Microsystems (U.S.),
Hewlett-Packard HP (U.S.), Platform Computing Inc. (U.S.), Apple Computer
(U.S.), IBM (U.S.), Dell (U.S.), Sybase (SAP) (U.S.), DataSynapse Inc. (U.S.),
Sun Microsystems (U.S.) among others.
Key players have incorporated several strategies to
stay at the forefront such as new product launches, partnerships and
collaborations, and more.
Segmentation:
The global grid computing market is segmented based
on end users, application, organization size, graphic type, and component.
By component, the global grid computing market is
segmented into grid computing services, grid computing hardware, and grid
computing software. The grid computing hardware is again segmented into
peripheral component interconnect bus, USB, and video graphic array. The grid
computing services is also segmented into managed services and personal
services.
By graphics type, the global grid computing market
is segmented into integrated graphics and discrete graphics.
By organization size, the global grid computing
market is segmented into large enterprises and SMEs.
By application, the global grid computing market is
segmented into software-as-a-service (SaaS), data center, and utility
computing.
By end users, the global grid computing market is
segmented into government, education, healthcare, BFSI, consumer electronics,
IT and telecommunications, and others.
Regional
Analysis:
North America to Lead Grid Computing
Market
North America will lead this market over the
forecast period for low ownership cost and high efficiency of storage
resources, computing, and data. The US has the utmost market share for the
presence of key market players for an increase in infrastructure coupled with
cost-effective software ownership.
APAC to Have Admirable Growth in Grid
Computing Market
The APAC region will have admirable growth in the
market over the forecast period for the developing economy of Asian countries
such as India & China and increasing use in the IT and telecommunication
sector which comprises telecommunication networking for computer networks like
routing algorithms, the internet, telephone network, and wireless sensor
networks.
Industry Updates
BMO
Financial Group has joined hands with Amazon Web Services to meet strict
security and compliance standards and will include hands-on, comprehensive
cloud skills training for their IT and non-technical officials and employees.
Their operations will include a set of AWS services which includes grid
computing, relational databases, and more.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
Continued…
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