The grid computing market is expected to reach $10,785 million

NEW YORK, US, Jan. 09, 2023 (GLOBE NEWSWIRE) — According to a comprehensive research report from Market Research Future (MRFR), “Grid computing market Research Report, By Components, Graphics Type, By End User, By Application – Forecast Till 2030 The market is expected to gain a valuation of nearly USD 10,785 Million by the end of 2030. The reports further predicts the market is booming with strong CAGR Over 16.14% over the appraisal time frame.

Grid Computing Market Overview:

The outlook for the grid computing market looks very promising, seeing increasing numbers of commercial products available. Grid computing, a subset of computing distributed over a network connected by Ethernet or sometimes the Internet, is used to perform a task that would otherwise be difficult for a single machine. It can also be defined as a network of computers or parallel computing that act as a virtual supercomputer. Grid computing provides organizations with unlimited computing power.

Grid computing benefits various industry sectors, such as information and communication technology, automotive, aerospace, life sciences, physical sciences, astronomy, and media and entertainment. Organizations can accelerate their business operations and overall growth by distributing work across network nodes using grid computing. Also, they can complete tasks faster, regardless of the nodes distributed around the world.

With the development of grid computing, more and more industries will adopt the technology to achieve business growth. Grid computing supports many business applications, enhancing team collaboration. One of the main commercial applications of grid computing is online gaming and entertainment, where computers and storage networks are necessary to consider aspects such as traffic volume and the players involved.

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The active players in the Grid Computing Market are-

  • Oracle Corporation (USA)
  • Apple (USA)
  • Dell Inc. (United State)
  • Sun Microsystems (USA)
  • Hewlett-Packard (USA)
  • Sipes (United States)
  • Platform Computing Inc. (United State)
  • IBM (USA)
  • DataSynapse Corporation (USA)
  • Altair Engineering (USA)
  • ENIT Systems (Germany)
  • Darktrace (United Kingdom)
  • Cando Bus (Switzerland)
  • Web Radar (Brazil)

Scope of the Grid Computing Market Report:

Scale report details
Grid computing market revenue forecast in 2030 10,785 million US dollars
Grid computing market growth rate A compound annual growth rate of 16.14% from 2022 to 2030
base year 2021
The study period 2022-2030
Major market opportunities Grid computing provides 24/7 continuous resource availability
Major market drivers The network company provides a special feature of joint work with workers of different organizations to solve a common problem.

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In the gaming industry, grid computing is mainly used to promote cooperative games and reduce the initial cost of computing resources, such as computer hardware and storage networks. These compute-intensive resources are determined based on the computing requirements of the gaming network environment. Intensive grid computing is necessary in on-demand games to estimate traffic volume and the number of players involved.

In the media industry, grid computing was created to improve the visual appearance of motion pictures by adding special effects. Grid computing is useful in theatrical film productions to process different parts simultaneously in less time. The increasing needs for resource sharing, collaboration, and recovery on the distributed network are driving the market demand for grid computing.

Developing countries show great potential for market growth. Many large companies use grid computing to improve their operations by making resources available 24/7. It is expected that more and more organizations will be seen taking advantage of the benefits of computing networks in the future. On the other hand, security issues associated with shared networks pose significant challenges.

The grid computing platform enables a collaborative workspace, where a massive amount of data is shared across the resource teams within the organization, contractors, and participants. As a result, this presents many data security vulnerabilities, such as the possibility of eavesdropping on confidential data and the potential for data modification. Also, licensing across many servers that can block some applications is a major drawback of grid computing, which limits its adoption.

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Grid computing market segments

The grid computing market is segmented into components, fee types, enterprise sizes, applications, end users, and regions. The component segment is subdivided into grid computing software and hardware (video graphics array, USB, peripheral component interface bus, and others), and grid computing services (personal and managed services). Graphic type segment is subdivided into discrete graphics and integrated graphics.

The enterprise size segment is divided into small, medium and large enterprises. The application part is subdivided into utility computing, data center, software as a service (SaaS), and others. The End User section is further subdivided into ICT, Consumer Electronics, BFSI, Healthcare, Education, Government, and others. The sub-region is divided into Asia Pacific, Americas, Middle East and Africa, Europe and Rest of the World.

Grid computing market Regional analysis

North Amarica Leading the global grid computing market, it is witnessing an increase in investments. Numerous commercial applications of grid computing, including the gaming and entertainment industries, are driving up the market size. The rapid developments in grid computing technologies, along with the growing demand from the growing numbers of facilities and data centers in the region, is positively affecting the growth of the market. The United States leads the regional market by increasing spending on grid computing deployment.

APAC is another lucrative market for grid computing, led by high-profile applications in the burgeoning ICT sectors across the region. Also, the growing demand for serverless and decentralized network operations is escalating the market value of network computing. Moreover, the increasing demand for connectivity monitoring, distribution, and control is affecting the revenue of the grid computing market.

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Grid computing market competitive analysis

The grid computing market, which is fiercely competitive, appears to be fragmented due to the fact that there are several well-established accounting operations to grab a large market share. Players initiate strategic approaches such as mergers and acquisitions, collaborations, expansion, and product and technology launches to gain a larger competitive share.

They are making significant investments to transform the consumer and business landscape of the future. Industry players strive to offer proven, secure, open and multi-application platforms that can serve as the foundation for various software applications across the network.

For example, recently, on October 28, 2022, ATLAS and Seal Storage Technology teamed up to develop a new network archival storage. In the coming years, the demand for archival storage capacity for network infrastructures is expected to increase exponentially, exceeding the capacity provided by the sustainable budget model. This research and development project demonstrates huge potential for expanding distributed archival storage capabilities. It is a great opportunity for ATLAS to integrate cutting-edge commercial cloud storage resources into its distributed computing infrastructure.

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