Grid Computing Global Market Report 2024

The grid computing market size has grown rapidly in recent years. It will grow from $4.36 billion in 2023 to $5.18 billion in 2024 at a compound annual growth rate (CAGR) of 18.7%. The growth observed during the historical period can be attributed to increasing data volumes, heightened demand for high-performance computing, the necessity for resource optimization, the rising complexity of computational tasks, scalability requirements, cost efficiency, and widespread industry adoption.

The grid computing market size is expected to see rapid growth in the next few years. It will grow to $10.43 billion in 2028 at a compound annual growth rate (CAGR) of 19.1%. The anticipated growth during the forecast period can be attributed to the rise of big data analytics, the expansion of cloud computing, increasing demand for distributed computing solutions, acceleration in AI and machine learning, evolving regulatory compliance requirements, and a heightened focus on energy efficiency. Key trends expected in this period include the integration of artificial intelligence into various systems, growing demand for big data processing, expansion into real-time applications, and the adoption of containerization technologies.

The increasing necessity for data security is anticipated to drive growth in the grid computing market. Data security involves various practices, technologies, and protocols designed to shield digital information from unauthorized access, destruction, theft, or corruption throughout its lifecycle. Factors contributing to the heightened focus on data security include escalating cyber threats, growing data volumes, the need to protect business reputations, emerging technologies, financial risk mitigation, data loss prevention, and increased trust in digital transactions. Grid computing systems often integrate compliance functionalities that conform to industry-specific regulations and data protection laws. This compliance helps organizations reduce regulatory risks and underscores their commitment to protecting consumer data. For example, a study by the Corporate Governance of Information Technology in the UK highlighted a significant rise in data security incidents, reporting 1,351 occurrences in 2023 compared to 1,063 in 2002, underscoring the growing importance of advanced security measures in grid computing solutions.

Leading enterprises in the grid computing sector are leveraging technological innovations such as GridOS Software to secure a competitive market position. GridOS Software provides a holistic software solution that manages entire processes or services from start to finish, eliminating the need for third-party involvement. In February 2023, General Electric, a prominent US-based conglomerate, introduced GridOS Software. This software is designed to aid utilities in orchestrating a clean energy grid, thereby facilitating the transition to renewable energy sources. It addresses the challenges of increasing grid complexity and ensures the provision of reliable, sustainable, and affordable energy worldwide, accelerating the shift towards a future-oriented clean energy grid.

In July 2022, GE HealthCare Technologies Inc., a technology company based in the US, entered into a partnership with Amazon Web Services, a leading provider of cloud computing services specializing in grid computing for financial services. This collaboration is intended to produce intelligent grid orchestration solutions that assist utilities in their digital transformation efforts, modernize the power grid, and hasten the energy transition. Utilizing cloud technologies and grid orchestration software, this partnership aims to speed up innovation, integrate renewable energy sources more effectively, and improve grid reliability, ultimately delivering more cost-effective and dependable energy to customers.

Major companies operating in the grid computing market are Amazon Inc., Google LLC, Microsoft Corporation, Dell Technologies Inc., Hitachi Vantara India Pvt. Ltd., Lenovo Group Ltd., Intel Corporation, International Business Machine Corporation, Cisco Systems Inc., Oracle Corporation, Fujitsu Limited, NEC Corp., Hewlett Packard Enterprise Company, NVIDIA Corp., Vmware Inc., Atos SE, SAS Institute Inc., Red Hat Inc., Platform Computing Inc., Anyscale Inc., Incredibuild Software Ltd., Rescale Inc., GigaSpaces Technologies Inc., GridGain Systems Inc., Univa Corp., Bright Computing Inc., AutoGrid Systems Inc.

Asia-Pacific was the largest region in the grid computing market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the grid computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the grid computing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Grid computing involves linking numerous computer nodes within a distributed architecture, enabling them to collaborate and complete tasks collectively. This system offers organizations an economical and efficient approach to distributed computing, allowing them to harness diverse computing resources to address complex challenges and scale their computational efforts effectively.

In grid computing, the primary components include grid computing hardware, software, and services. Grid computing hardware encompasses the physical devices and equipment necessary for establishing and maintaining grid infrastructures, such as servers, storage systems, networking components, and specialized hardware accelerators. These components cater to organizations of varying sizes, from small to large enterprises, and find applications across different sectors such as consumer electronics, education, utility computing, data storage, and more.

The grid computing market research report is one of a series of new reports that provides grid computing market statistics, including grid computing industry global market size, regional shares, competitors with a grid computing market share, detailed grid computing market segments, market trends and opportunities, and any further data you may need to thrive in the grid computing industry. This grid computing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The grid computing market consists of revenues earned by entities by providing services such as resource discovery, job scheduling and management, data management, security, and authentication. The market value includes the value of related goods sold by the service provider or included within the service offering. The grid computing market also includes sales of products such as computational computing nodes, networking infrastructure, middleware, security components, and monitoring and management tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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