Cloud High Performance Computing Market Research Report – Forecast to 2023
Market Research Future (MRFR), in its “Cloud High Performance Computing Market” report, reveals that the global market of cloud high performance is expected to expand at about 21% CAGR across the assessment period (2016 to 2023). By 2023, the cloud hpc market is expected to reach a valuation of USD 22 billion, predicts MRFR.
The easy and accuracy of computing offered by the cloud high-performance computing technology over non-cloud deployment is expected to surge the hpc cloud market. The extensive application of cloud in the bioscience sector and in chemical engineering is expected to contribute significantly to the expansion of the global hpc cloud computing market. Other scientific areas that use cloud hpc are in mechanical design & analysis, computer-aided engineering, digital content creation & distribution. This is observed to add significantly to the market momentum. The cloud high-performance computing offers the advantage of extra capacity for greater workloads at lower capital price, access to specialized software and other resources, which is likely to work in favor of the market expansion. The adoption rate of cloud hpc solution by enterprises is growing due to different benefits offered by the technology. This is expected to leverage the market growth. However, risk of data breach with the technology can hinder the market expansion.
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The worldwide cloud hpc market is assessed by services, deployment, verticals, and components. By services, the market is segmented into managed services, professional services, and other services. The professional services segment is sub-segmented into maintenance & support services, integration and deployment service, and consulting service. The other services segment comprise platform as a service (PaaS) and Infrastructure as a service (IaaS). By component, the market is sectioned into software and hardware. The hardware segment is sub-segmented into storage, server, and networking devices. The software segment is divided into analytics tools and clustering software. By deployment, the market is split into hybrid and the public cloud. By vertical, the market is segmented into IT & telecommunication, transportation, banking and financial services, manufacturing, retail, energy & utilities, healthcare, and others.
The worldwide cloud high-performance computing market is assessed by across regions; Europe (including Russia), Asia Pacific (including Australia and New Zealand), North America, and the Rest of the World (including South America and the Middle East, Africa). North America is expected to secure the grand share of the global market. The market in North America is expected to gain high traction for the market due to the presence of renowned hpc cloud solutions providers and the ever-expanding IT sector. Rapid technological advancements, such as fast developments in supercomputing facilities, are expected to cause fast-paced growth of the North America cloud hpc market.
MRFR listed major organization functioning in the global cloud high performance computing market. They are; Microsoft Corporation (U.S.), International Business Machines Corporation (U.S.), Dell, Inc (U.S.), Google, LLC (U.S.), Penguin Computing (U.S.), Amazon Web Services (U.S.), Univa Corporation (U.S.), Sabalcore Computing Inc (U.S.), Adaptive Computing (U.S.), Gridcore AB (Sweden), Atos SE (France), Silicon Mechanics, Inc (U.S.), R Systems NA, Inc (U.S.), Nvidia Corporation (U.S.), The MathWorks, Inc (U.S.), Oracle Corporation (U.S.), T-Services (Russia), ToutVirtual, Inc (U.S.), Fujitsu Ltd (Japan), Wolfram Alpha LLC (U.S.), Advanced Micro Devices, Inc (U.S.), Intel Corporation (U.S.), Hitachi Ltd (Japan), Cisco Systems, Inc (U.S.), Rescale, Inc (U.S.), Huawei Technologies Co Ltd (China), Alibaba Cloud (China), Nimbix, Inc (U.S.), CSUC (Spain), ARCTUR (Slovenija), TheUberCloud, Inc (U.S.), TotalCAE (U.S.), and others. The report discuss innovations and investments these companies are making. Mergers and acquisitions among them are also elaborated in the report.
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Global Cloud High Performance Computing Market: Component (Hardware, Software), Service (Professional, Managed), Deployment (Public Cloud, Hybrid), Industry Vertical (BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Energy & Utilities) – Forecast till 2023
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