January 14, 2020 by Market-NewsFlash
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 2016-2022
The requirement for processes that deliver higher and efficient performance are escalating giving rise to cluster computing demand. Market reports associated with the information and communications technology industry have been made available by Market Research Future who publishes reports on other sectors that have been presently published along with a report on this industry. The market is forecasted to develop at a 5% CAGR while amassing revenues worth USD 44 billion approximately in the duration of the forecast period.
The prevalence of economic dominance is raising the need for computers that can optimize performance. The ability of cluster computing in solving problems relating to recurring and complex operations is fuelling the development of the market in the forecast period. The new product developments in the market are the key drivers that will enable the transformation of the market in the forecast period.
The cluster computing market globally has been segmented on the basis of deployment, service type, organization size and vertical. The market has been segmented on the basis of service type into HPC PAAS, cluster software and analytical tool, HPC IAAS, Data Organization & Workload Management, and Professional Services. By deployment, the market has been segmented into on premise and on cloud. The organization size segment of the market has been identified as LBU and SBU among others. While, the verticals segment consists of industrial manufacturing, life science, banking, gaming industry, defense, retail and among others.
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Cluster Computing Market is expected to grow at CAGR of 5% and will reach USD 44 billion by 2022,…Read on marketresearchfuture.com
Detailed Regional Analysis
The North American region is controlling the cluster computing market due to the existence of international players in this region as well as the prevalence of high technological advancement. The North American region is anticipated to control the market through the forecast period while the Asia Pacific region has appeared as the fastest rising market and is anticipated to be the next chief market by the end of forecast period. Presently, the European regions holds the second position in the market but is likely to be dominated by the Asia Pacific region by the end of the forecast period.
The progress patterns are revised in tandem to the customer preferences to realize maximum growth, and in the long run, profitability. The change in the services and products is the chief factor intensifying the market’s efficiency and controlling the trends that are acquiring distinction in the market. Besides, the introduction of new products and services will add additional impetus to the market progress. The vital success factors and players’ predilections are consistently growing by the strategies being used by market contenders. The situation for growth plans has stimulated the market for potential new entrants. The gaps in the market are filled due to the execution of rising supply chain strategies. The development of the market is based on the drivers that are radically altering the market backdrop.
The prominent contenders in the market of cluster computing are Advanced Micro Devices, Inc. (U.S.), Dell (U.S.), Cray, Inc. (U.S.), Intel Corporation (U.S.), Silicon Graphics International Corp. (U.S.), Google Inc. (U.S.), Cisco Systems Inc. (U.S.), Microsoft Corporation (U.S.), Hewlett Packard, Inc. (U.S), Amazon Web Services, Inc. (U.S.) among others.
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