Market Analysis
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 2020 to 2030
(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.
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.
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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.
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https://www.marketresearchfuture.com/reports/grid-computing-market-1314
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