The High Performance Computing As a Service by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s High Performance Computing As a Service, The high performance computing as a service market size has grown strongly in recent years. It will grow from $9.72 billion in 2023 to $10.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to growing demand for computational power, cost efficiency, expansion of big data analytics, increased research and development, globalization and collaboration..
The high performance computing as a service market size is expected to see rapid growth in the next few years. It will grow to $15.92 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to advancements in technology, edge computing and iot, artificial intelligence (ai) and machine learning (ml), industry-specific applications. Major trends in the forecast period include advancements in cloud technologies, flexibility and scalability needs, diverse industry applications, hybrid and multi-cloud deployments.
The trajectory of the high-performance computing as a service (HPCaaS) market is poised for substantial growth, fueled by the anticipated surge in data generation. This phenomenon, characterized by the creation of datasets earmarked for further processing in databases, has become a pivotal driver of the HPCaaS landscape. High-performance computing, a technological marvel, empowers users to swiftly navigate vast volumes of generated data, thereby facilitating expedited insights and the ability to maintain a competitive edge. A noteworthy revelation from the World Economic Forum underscores this trend, predicting a staggering 463 exabytes of daily global data generation by 2025, equivalent to 212.77 million DVDs per day. Consequently, the escalating trend in data generation emerges as a catalyst propelling the growth trajectory of the high-performance computing as a service market.
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The high performance computing as a service market covered in this report is segmented –
1) High Performance Computing As a Service Market By Component: Solutions, Services
2) High Performance Computing As a Service Market By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud
3) High Performance Computing As a Service Market By Industry Vertical: Manufacturing, BFSI, Healthcare, Government, Media and Entertainment, Other Industry Verticals
Technological advancements are a key trend gaining popularity in the high-performance computing as a service market. Major companies operating in the high-performance computing as a service market are introducing new technologies such as SpeedCloud to sustain their position in the high-performance computing as a service market. For instance, in July 2021, NxtGen, an India-based technology company that provides data center and cloud-based services, launched SpeedCloud High-Performance Computing as a Service (HPCaaS) to make high-performance computing more widely adopted by businesses, research institutions, and governmental organizations to enable mainstream accessibility. SpeedCloud HPC-SaaS leverages modern and advanced CPUs, GPUs, and low-latency networks, helping its users perform massive calculations in a matter of minutes and providing lower TCO. This launch represents another step forward for NxtGen’s product portfolio.
The high performance computing as a service market report table of contents 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. Global High Performance Computing As a Service Market Size and Growth
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31. Global High Performance Computing As a Service Market Competitive Benchmarking
32. Global High Performance Computing As a Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The High Performance Computing As a Service Market
34. High Performance Computing As a Service Market Future Outlook and Potential Analysis
35. Appendix
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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.
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.
Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
High-Performance Computing as a Service Market Research, By Component (Platform, Solution), Organization Size (SMEs, Large Enterprise), Deployment (Public Cloud, Private Cloud, Hybrid), Verticals (BFSI, Healthcare, Retail) — Global Forecast till 2027Market ResearchAs per the analysis by the Market Research Future Reports (MRFR), the high-performance computing as a service market is likely to value USD 9.50 billion with a CAGR of 12.8% by the end of forecast period.
It is one of the elements aiding in influencing high-performance computing as a service market.
On the other hand, implementing high-performance computing is more expensive for small and medium enterprises (SMEs).
Moreover, at times result in incurring expensive switching cost for large companies.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7345Market SegmentationThe global high-performance computing as a service market is classified into verticals, organization size, component, deployment, and region.On the basis of organization size, global high-performance computing as a service market can be segregated into small and medium enterprises, and large enterprises.On the basis of component, the global high-performance computing as a service market can be segregated into service and platform.
The service segment can further be classified into integration service, consulting service, and maintenance and support services.On the basis of deployment, the global high-performance computing as a service market can be segregated into a private cloud, hybrid cloud, and public cloud.On the basis of region, the global high-performance computing as a service market can be segregated into Europe, Asia-Pacific, North America, and the Rest of the World (RoW).Regional AnalysisOn the basis of region, the global high-performance computing as a service market can be segregated into Europe, Asia-Pacific, North America, and the Rest of the World (RoW).
Besides, the development of supercomputing facilities influences market expansion in the North American region.
Significant insights of High Performance Computing (HPC) Market 2023 — Analysis & Forecast (Billion $ Market)OverviewDue to technological advancement, high-performance computing as a service is being considered a necessity for enterprises in order to obtain meaningful insights from a huge amount of unstructured as well as structured data.
Market Research Future (MRFR) has published a research report on the global high-performance computing as a service market that sees hike for this market at 12.8% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
By value, the market has been figured to be worth the US $ 9.50 bn by the end of the forecast period.High Performance Computing (HPC) MarketMarket HighlightsHigh-performance computing as a service is a necessity for enterprises to obtain meaningful insights from a huge amount of unstructured and structured data.
High performance computing allows solving complex, scientific calculations, and analytics for making effective business decisions.
One of the major factors the growth of high performance computing as a service is the increasing big data, and cloud computing analysis.Key PlayersThe key players in the high-performance computing as a service market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are — Amazon Web Services (US), IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), Penguin Computing (US), Sabalcore Computing Inc (US), Adaptive Computing Enterprises Inc (US), Nimbix Inc (US), Google LLC (US), Dell Inc (US).
