Demand for unified IT infrastructural support is on the rise. Enterprises from different industrial verticals are depending on this support for reduced downtime and high productivity. Different countries, business verticals and organizations are adopting these services. This is considered to be a vital driving factor for the global clustering software market. Emergence of cloud computing and rising demand for IT infrastructure from different industrial verticals is also expected to create growth. Growing demand and rapid technological advancements in the market are expected to create potential growth opportunities for the emerging parts of the world. As a result, established players are also looking for investments in the developing countries.
Major Drivers and Restraints for the Market
According to the research, the global clustering software market is steadily driven by four vital driving factors. These factors include strong demand for high availability of data and its real time access for the global users. Apart from that, rising demand to reduce downtime is also creating strong growth opportunities for the market from different enterprises across various industrial verticals. Growing use of unique techniques like virtualization to reduce operational costs is also expected to create potential growth opportunities for the market. Growth in data access enterprises and technological advancements are also expected to play a crucial role in the growth of the global market. major restraining factors for the market include technical constraints and complexity of the traditional solutions.
Segmentation and Forecasts for the Market
Researchers segment the global clustering software market on the basis of the types of components, solutions, operating systems, verticals, and organizations. They also consider various major geographic regions driving growth for the market. Following are the details of the sub-segmentation in the market:
- Solutions: Workload, parallel, system and other types of management solutions
- Operating Systems: Linux, Unix, Windows and others
- Components: Software, professional services and licenses
- Deployment: Hosted and on-premise
- Organizations: Small and medium businesses and large enterprises
- Verticals: BFSI, aerospace and defense, government, gaming, life science, academia, research, etc.
As per the latest research reports, the clustering software market is expected to grow at an estimated compound annual growth rate of over 5% from 2014 to 2019. At the projected growth rate, the market is estimated to become worth more than $2,940.8 million in 2019. In 2014, the market was estimated to be worth $2,207.1 million. Emerging markets like Asia Pacific and Latin American countries are expected to witness impressive growth in the market during the years to come. rising demand, investments and industrial revolution in the regions are expected to create business and investment opportunities for the key players in this market.