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.)
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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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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