Cluster Computing Market size of the revenue of USD 37.73 Billion by 2030
Market
Synopsis
The
global cluster
computing market is estimated to acquire a noteworthy
value of USD $37.73 Billion, growing at a CAGR of 4.83% 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.
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Key
Players: -
·
Advanced Micro Devices
·
Cray Inc. (U.S.)
·
Cisco Systems Inc. (U.S.)
·
Intel Corporation (U.S.)
·
Microsoft Corporation (U.S.)
·
Silicon Graphics International Corp. (U.S.)
·
Google Inc. (U.S.)
·
Hewlett Packard Inc. (U.S)
·
Amazon Web Services Inc. (U.S.) Dell (U.S.)
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-premises.
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, defence, 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.
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