Market Scenario:

Grid Computing Market Size is expected to reach 10,785 Million by 2030, with a CAGR of 16.14% during the forecast period 2020-2030.

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.

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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.

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.

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.

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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.

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

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