Grid Computing Market Outlook and Development Status Review


Posted November 24, 2020 by Techfuture

Grid Computing Market Demand, Supply, Cost structure along with Industry’s Competitive Landscape
 
Grid computing is a network architecture which utilizes various computers on a common network to perform tasks as a supercomputer. Tasks include analysis of huge datasets or simulation of situations which require huge computing power. It contains a vast network of storage systems, servers, and distributed systems for managing discrete resources in an efficient manner. The global grid computing market report by Market Research Future (MRFR) takes a look at emerging trends of virtualization and cloud computing, opportunities and challenges for the period of 2018 to 2023 (forecast period) during the COVID-19 pandemic.

Market Scope

The global grid computing market is expected to experience a windfall owing to the rise of remote work and work-from-home policies initiated by companies to ensure the seamless continuation of processes. Investments in IT infrastructure, inclination towards solving of complex issues, and collaboration with other organizations are likely to drive market growth over the forecast period. The increased capacity of organizations and enhancement of operational efficiency can bolster the market demand.

The COVID-19 pandemic has disrupted major processes and halting various essential pipelines. The search for a potential vaccine has driven the market demand owing to scientists and researchers working on them by relying on unused processing power. This is exemplified by its use by over 35 enterprises working in collaboration with educational institutes connecting close to 700,000 personal computing systems.

However, security issues posed by these systems offer a challenge to the market growth.

Get Free Sample Copy Report of Grid Computing Market@ https://www.marketresearchfuture.com/sample_request/1314

Segmentation

By component, the grid computing market is segmented as grid computing hardware, grid computing software, and grid computing services. Grid computing hardware is further segmented into USB, video graphics array, and peripheral component interconnect bus. Grid computing services are further segmented into professional services and managed services.

By graphics type, the grid computing market is segmented as discrete graphics and integrated graphics.

By organization size, the grid computing market is segmented as SMEs and large enterprises.

By application, the grid computing market is segmented into software-as-a-service (SaaS), utility computing, and data center. In utility computing, the provider operates, manages, and owns the computing resources and infrastructure, which are used by subscribers on a rental or metered basis. The various subscription business models offered by companies and the bevy of cloud hosting services can drive the segment growth in the global grid computing market. Data center maintains servers, back-end IT systems, mainframes, databases, and software which are delivered, managed, and owned remotely by one or more providers. For instance, Oracle 10g software is specially designed for grid computing, which delivers high quality services for the businesses at a much lower cost.

By end users, the grid computing market is segmented into government, IT & telecommunications, consumer electronics, healthcare, BFSI, education, and others.

Regional Analysis

North America is currently dominating the global grid computing market during the forecast period. The U.S. dominates the North American market due to the presence of big players, robust infrastructure, and low cost of software ownership. Recently, Rhodes College attained a grant from the National Science Foundation for creating a campus-wide computing grid with access shared by faculties and students.

Asia Pacific (APAC) is expected to register as the fastest growing region in the grid computing market due to the growing economy of Asian countries such as China and India. In the region, the grid computing technology is majorly used in the IT & telecommunication sector. This includes applications such as telecommunication networking for computer networks such as wireless sensor networks, telephone network, the Internet, and routing algorithms.

Competitive Outlook

Altair Engineering, IBM Corporation, Sybase, Hewlett-Packard Enterprises, Oracle Corporation, Apple Inc., DataSynapse Inc., Sun Microsystems, Platform Computing Inc., Dell Inc., and others are key players in the global grid computing architecture market.

Access Complete Report @ https://www.marketresearchfuture.com/reports/grid-computing-market-1314

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future
528, Amanora Chambers, Magarpatta Road, Hadapsar
Pune – 411028, Maharashtra, India
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Market Research Future
Phone 09617050300
Business Address Office No. 528, Amanora Chambers Pune - 411028
Country India
Categories Research , Science , Technology
Tags grid computing market
Last Updated November 24, 2020