The global grid computing market is estimated to reach USD 10,785 Million by 2030. The market is expected to have a CAGR of 16.14% during the forecasted period of 2020 to 2030.
The process of combining different computer resources with various domains to achieve a common goal is known as grid computing. In the technology-driven era, grid computing is implemented in various applications and is used for calculating computer-related problems that might be connected in parallel ways. There are two categories in which grid computing operations are divided, these are CPU scavenging grids and data grid. In a data grid, it is a system that has large distributed data sets mainly used for data management and controlled user sharing. The CPU scavenging grid, allows the system to move projects from one computer to another as required.
Grid computing contains different types of resource-based on diverse software, for example, Oracle 10g, with hardware structure, framework, and computer languages. With the development of grid computing in the organization operating efficiency will increase many times. Grid computing helps in solving a complex problem in lesser time as a result it will help inaccuracy in the working of an organization.
COVID 19 Analysis
The pandemic of COVID 19 Analysis has disrupted the normal processes and halting the essentials. It has made the life of the general public and the business typhoons in great hardship. As a result, it has forced the economies into forced recession through which all the economies suffer. Because of this immense disruption of the business, it has impacted world-wide. Now, along with the battle in the health sector, one has to fight against the economy battle also.
Though it has adversely affected the business it is expected that businesses will recover in the first quarter of the coming year. Now the grid computing market is gaining popularity during this period. It is estimated that the grid computing market will rise in the future with a high CAGR rate shortly.
The increasing growth share of the grid computing market across the globe is owing to the adoption of technology in organizations that allows them to share their computing databases, computing power, and other techniques all over the corporates and to other countries as well without compromising local autonomy. The grid company all provides a special feature of jointly working with workers of different organizations to solve a common problem. This also drives the market demand for grid computing. Not only this, but grid computing also helps in resource sharing, resource collaboration, and resource recovery on the distributed network. The rising use of grid computing in developing countries has helped in increasing the market share significantly.
Grid computing provides the availability of resources constantly on a 24/7 basis. Many large business typhoons are currently using this technology and many are seeking to adopt this technology shortly to improve their business operations. In the future, it is expected to see that various businesses will be taking advantage of computational grids which do not require developing an in-house solution.
The major key challenge faced in the grid computing market is that of security issues faced by their various kind of end-users. In grid computing, it gives a platform that allows various users to share common data between different organizations. As s result, there is a high degree of possibility of tapping into someone’s important data and modify accordingly. Grid computing system allows its users to share their work with others due to which other person can read your confidential and sensitive data, which is another major issue.
The grid computing industry is growing at a high rate with the growing use of advanced technology. It helps in improving corporate collaboration and productivity. Grid computing helps in solving the problem that was once difficult or unsolvable. Grid computing helps in flexibility in operations. Grid computing brings together end-users, clients, suppliers, and other interested people with the IT resources.
With the growth of the grid computing market across the globe it has dispersed various businesses and departments that create virtual organizations to share resources and data. It has made the lives of end-users very easy and also creates flexibility in operational activities.
The global market of grid computing can be categorized based on component, graphic type, organization size, application, and end-users.
The grid computing market is divided based on component as grid computing software, grid computing hardware, and grid computing services. Grid computing hardware is further divided as a video graphics array, USB, and peripheral component interconnect bus. Grid computing services are also bifurcated into personal services and managed services.
The grid computing market is divided based on graphics type as discrete graphics and integrated graphics.
The grid computing market is bifurcated based on organization size as SMEs and large enterprises.
The grid computing market is divided based on application as utility computing, data center, software-as-a-service (SaaS).
The grid computing market is divided based on end-users as IT and telecommunications, consumer electronics, BFSI, healthcare, education, government, and many others.
North America, Europe, Asia-Pacific, and the rest of the world are the geographical regions that will be analyzed for the grid computing market. North America dominates the global grid computing market during the estimated period. This region is further segmented into U.S., Canada, and Mexico. Out of these, the U.S. dominates the North American market because of the presence of giant players owing to an increase in infrastructure, and cost-effective software ownership.
Asia-Pacific is the fastest-growing region is also growing in the grid computing market. India and China are the growing economies from the Asian region, which leads to the heavy implementation of the grid computing market. It is mostly used in the IT and telecommunication sectors.
The major key players in the global grid computing market are as follows:
The global report on grid computing market research consists of the following:
This report tells us about the market capacity of the grid computing market along with future forecasts. It also provides a detailed and overall study of the market with the quantitative and qualitative analysis of market drivers and various threats and opportunities available. This report also covers the impact of the COVID 19 pandemic and the recent developments in the grid computing market.
OGSA, WSRF, Globus toolkit, avaki, system management, authorization/authentication, sun QFS/SamFs, Grid service provisioning system, grid control station, and many others.
Software developers, cloud service providers, cybersecurity companies, manufacturing companies, networking companies, data centers, telecommunication companies, healthcare organizations, educational institutions, and many others.
|Market Size||USD 10,785 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Components, End Users|
|Geographies Covered||North America, Europe, Asia-Pacific|
|Key Vendors||Oracle Corporation (U.S.) Apple Inc. (U.S.) Dell Inc. (U.S.) Sun Microsystems (U.S.) Hewlett-Packard Enterprise (U.S.) Sybase (U.S.) Platform Computing Inc. (U.S.) IBM Corporation (U.S.) DataSynapse Inc. (U.S.) Altair Engineering (U.S.) Darktrace (U.K.) ENIT Systems (Germany) Kandou Bus (Switzerland) WebRadar ( Brazil)|
|Key Market Opportunities||Grid computing provides the availability of resources constantly on a 24/7 basis.|
|Key Market Drivers||The grid company all provides a special feature of jointly working with workers of different organizations to solve a common problem.|
Some of the renowned companies functioning in the grid computing market are Hewlett-Packard Enterprises (U.S.), Sybase (U.S.), Platform Computing Inc. (U.S.), IBM Corporation (U.S.).
The grid computing market is broadly classified based on graphic type into discrete graphics and integrated graphics.
Based on application, the grid computing market is classified as utility computing, software-as-a-service (SaaS), and data center.
Consumer electronics and IT and telecommunications are the major verticals for classifying crucial end users.