Market Synopsis
The global cluster computing market is estimated
to acquire a noteworthy value of USD 44 billion, growing at a CAGR of 5% during
the assessment period. The innovative approach with respect to the development
of a new product is depicted to be the most crucial factor driving the global
cluster computing market 2020. Further, the cutthroat economic competition is
anticipated to augment the market. Considering the recent developments such as
cloud-based technology in cluster computing market is targeting the SMEs, which
will strengthen the market. The demand has risen substantially due to the
increasing reliance on IT infrastructural support of various sectors has
magnified the demand for cluster computing organizations. The economic growth
is increasing the need for computers which can optimize and make the
performance more efficient. Further, the desire of various organizations to
integrate virtual environment has resulted in a generous increment in cluster
computing expenditure. The quality performance computing market is projected to
yield immense popularity and strengthen the market exponentially in the
forthcoming period.
The disruption of COVID-19 has resulted in a changing market dynamic.
There has been a significant change in the trajectory of the global cluster
computing market. The data experts at Market Research Future Reports (MRFR) are
assessing the aftermath of COVID-19 on the global cluster computing market. We
will provide an impact analysis report on COVID-19.
Market Segmentation
The global cluster computing market can be distinguished on the grounds
of deployment, service type, vertical, organization size, and region.
On the grounds of deployment, the worldwide cluster computing market can
be distinguished into on cloud and on-premise.
On the grounds of service type, the worldwide cluster computing market
can be distinguished into HPC PAAS, HPC IAAS, Data Organization and Workload
Management, Cluster Software and Analytical tool and Professional Services.
On the grounds of vertical, the worldwide cluster computing market can
be distinguished into industrial manufacturing, life science, banking, gaming
industry, defense, retail and among others.
On the grounds of organization size, the worldwide cluster computing
market can be distinguished into SBU and LBU, among others.
On the grounds of the region, the worldwide cluster computing market can
be distinguished into North America, Europe, Asia-Pacific, and the Rest of the
World (RoW).
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Regional
Analysis
The global
market for cluster computing market is projected to augment considerably during
the assessment period. Geographical regions such as North America, Europe,
Asia-Pacific, and the Rest of the World (RoW) has been evaluated thoroughly.
According to the study, the global market for cluster computing is projected to
be reigned by North America owing to the presence of the globally well-renowned
players. Besides, persistent technological advancement is estimated to play a
crucial factor in steering the growth of the regional market. The region is
anticipated to maintain its position throughout the assessment period. On the
other hand, the APAC region is likely to be the fastest-growing market during
the assessment period. The region is estimated to prosper due to the presence
of emerging countries like India, China, and Japan. The APAC region is
projected to be the largest market by the end of the assessment period.
Further, Europe has attained the second position; however, the position is
likely to be occupied by the APAC region by the end of the assessment period.
Key
Players
The worldwide organizations
of the cluster computing market are Amazon Web Services, Inc. (U.S.), Cisco
Systems Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), Cray, Inc. (U.S.),
Intel Corporation (U.S.), Silicon Graphics International Corp. (U.S.),
Microsoft Corporation (U.S.), Google Inc. (U.S.), Hewlett Packard, Inc. (U.S),
Dell (U.S.), among others.
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