Global Cluster Computing Market Research Report- Forecast 2030

Cluster Computing Market, by Service Type (HPC IAAS, HPC PAAS, Data Organization, Cluster Software), by Deployment (On Premises, On Cloud), By Organization Size (Large Business Unit and Small Business Unit), By Vertical (Life Science, Industrial, Banking, Retail) - Forecast 2020-2030

ID: MRFR/ICT/1214-HCR | February 2021 | Region: Global | 110 pages

Impact of COVID-19 on the Global Cluster Computing Market

Cluster computing refers to the accumulation of processes for providing higher and more efficient performance as compared to a desktop computer or workspace. It supports the industry players in overcoming challenges associated with engineering and business services. It also assists in finding effective solutions for recurring and complex tasks during the collective working of individual nodes. Cluster Computing assures solving of problems more efficiently as compared to a single computer. Moreover, modern developments, including the cloud-based approach in cluster computing, have enhanced the small and medium-sized enterprises across the globe. New opportunities in cluster computing are emerging with the growth of IT and cloud infrastructure virtualization worldwide. The increasing need for preventing system failure downtime and data loss has led to the growing demand for clustering software solutions.

The demand for cluster computing is currently on the surge during the COVID-19 pandemic. However, this requirement is anticipated to be hindered by the reduction in IT expenditure budgets due to full/partial lockdowns imposed worldwide, which have also resulted in severe losses to businesses across the globe. The implementation of lockdowns in various countries to suppress the spread of the pandemic has placed restrictions on public gatherings at international events, concerts, theatres, and music festivals, which is hampering the market growth. However, government policies are projected to support the cluster computing market over the forecast timeframe. Moreover, the market is showing a significant recovery rate, mainly attributed to the remote working policies adopted by several companies to prevent the spread of COVID-19 at workplaces. The industry is certainly expected to face challenges owing to the effects of COVID-19 in the near future.

Impact Analysis

Cluster Computing Market