The Business Research Company’s High Performance Computing As a Service Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The High Performance Computing As a Service Global Market Report 2023 evaluates high performance computing as a service market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global high performance computing as a service market size grew from $9.3 billion in 2022 to $10.38 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The high performance computing as a service market size is expected to grow to $16.09 billion in 2027 at a CAGR of 11.6%.
The high performance computing as a service market segments in the report are:
1) By Component: Solutions, Services
2) By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud
3) By Industry Vertical: Manufacturing, BFSI, Healthcare, Government, Media and Entertainment, Other Industry Verticals
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The table of contents in TBRC’s high performance computing as a service market report includes:
1. Executive Summary
2. High Performance Computing As a Service Market Characteristics
3. High Performance Computing As a Service Market Trends And Strategies
4. High Performance Computing As a Service Market - Macro Economic Scenario
5. High Performance Computing As a Service Market Size And Growth
…….
26. Africa High Performance Computing As a Service Market
27. High Performance Computing As a Service Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The High Performance Computing As a Service Market
29. High Performance Computing As a Service Market Future Outlook and Potential Analysis
30. Appendix
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According to research report "High Performance Computing as a Service Market by Verticals (BFSI, Healthcare and Life Sciences, Manufacturing), Deployment Type (Colocation, Hosted Private Cloud, Public Cloud), Component, Region - Global Forecast to 2023",The High Performance Computing as a Service market is projected to reach USD 10.0 billion by 2023 from USD 5.7 billion in 2018, at a CAGR of 11.9% during the forecast period.
Growth in this market is mainly driven by faster deployment of new products and services, access to better technologies, and reduced capital costs.
Browse 21 market data Tables and 31 Figures spread through 107 Pages and in-depth TOC on "High Performance Computing as a Service Market - Global Forecast to 2023"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215009295The BFSI segment has the largest share of the market and is growing at the second highest CAGR during the forecast periodFinancial institutions are adopting hosted private cloud and colocation services for security concerns.
The US government has recognized the importance of problems faced in the areas of computational science and simulation which requires large-scale computational facilities.
The major countries taken for analysis are the US and Canada.
The main growth of the HPCaaS market in this region is due to the increasing demand for big data analytics and increase in the complexities of applications that require parallel processing further enhancing business flexibility and agility.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=215009295The major high performance computing as a service market vendors are IBM (US), AWS (US), Microsoft (US), Cray (US), Sabalcore Computing (US), Google (US), Penguin Computing (US), Adaptive Computing (US), Nimbix (US), Uber Cloud (US), HPE (US), and Dell (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
MarketsandMarkets expects the global High Performance Computing as a Service market to grow from USD 5.7 billion in 2018 to USD 10.0 billion by 2023, at a CAGR of 11.9% during the forecast period.
Hosted private cloud is expected to grow at the highest CAGR due to the increased demand for security, control, and reliability among businesses.Platform as a service is expected to grow at the highest CAGR.
Majority of Independent Software Vendors (ISV’s) are delivering or are planning to deliver cloud-based versions of their offerings for HPC.
These vendors are leveraging these opportunities by launching new products, enhancing their existing portfolio, and by collaborating with technology vendors to expand their global reach.The major software vendors in this market include IBM (US), AWS (US), Microsoft (US), Cray (US), Sabalcore Computing (US), Google (US), Penguin Computing (US), Adaptive Computing (US), Nimbix (US), Uber Cloud (US), HPE (US), and Dell (US).
This helped them to expand their consumer base and address the unmet needs of end users.IBM is one of the prominent players in the High-Performance Computing as a Service market.
The company’s growth strategy is to deliver high-value solutions to enterprise clients across all industry verticals.
Market Analysis The global high-performance computing HPC as a Service Market is predicted to touch USD 9.50 billion at a healthy 12.8% CAGR between 2020- 2027, states the recent Market Research Future (MRFR) analysis.
High-performance computing or HPC, simply put, is the ability of processing data and performing complex calculations at high speed.
According to the recent MRFR report, such factors include the deployment of new services and products, access to better technologies, reduced capital costs, need for flexible computing services, rise in government initiatives, and growing need for high-speed and efficient computation.
On the contrary, the high price of HPC services and the on-going COVID-19 pandemic are factors that may limit the global high-performance computing (HPC) as a service market growth over the forecast period.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7345Regional AnalysisBased on the region, the global high performance computing as a service market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW).
The rich concentration of vendors offering cloud services, the presence of preferred and leading vendors, and advances in the development of supercomputing facilities are adding to the global high performance computing as a service market growth in the region.
