Uploaded on Apr 13, 2020
The cloud high performance computing market can surge at 21% CAGR by 2023.
Cloud HPC Market
Market Highlights
The need to substantially increase the computing capability is adding tor development of cloud high
performance computing. Reports that review the healthcare industry has been presented by Market
Research Future, which produces reports on industry verticals that appraise the market expansion
and prospects. The market is on track with a CAGR of 21% to garner USD 22 billion in the forecast
period.
The increased application rate of cloud high performance computing in a range of verticals is
expected to boost the market share in the coming period. The escalated demand for extra capacity
for surge workloads is further improving the expansion of the cloud high performance computing
market in the upcoming period.
Segmentation:
The segmental study of the cloud high performance computing market is carried out on the basis of
services, component, deployment, industry vertical and region. Based on services, the cloud high
performance computing market is segmented into managed services, professional services, and
other services. The professional services are additionally segmented into, maintenance & support
services, integration and deployment service and consulting service. Based on the component, the
cloud high performance computing market is segmented into hardware and software. The
hardware segment is sub-segmented into storage, server, and networking devices. The software is
additionally sub-segmented into analytics tools and clustering software. By deployment, the cloud
high performance computing market is segmented into hybrid and public cloud. By industry
vertical, the cloud high-performance computing market is segmented into IT & telecommunication,
transportation, banking, and financial services, manufacturing, retail, healthcare, energy & utilities,
and others. Based on the region, the cloud high-performance computing market is segmented into
Asia Pacific, North America, Europe, and the rest of the world.
Regional Analysis:
The regional assessment of the cloud HPC market includes regions such as North America, Europe,
Asia Pacific and rest of the world. As per the analysis, approximately half of the market is engaged
by the North American regional market. As North America has a prosperous absorption of vendors
that offers services and solutions for cloud high-performance computing for a variety of end-users.
The other key factor adding to the development of the cloud high-performance computing market
in the North American region is the technological development and rising supercomputing
amenities. The expansion of supercomputing amenities, the augmented adoption of cloud-based
solutions, and present technological developments are motivating the expansion of the cloud high-
performance computing market in the Asia Pacific region.
Competitive Dashboard:
The uncertainty in the market is a critical factor that is driving the formulation of policies and plans
that will be applied to drive market growth. The competitors are devoting their resources to ensure
an optimum level of growth in the coming years. The fluctuations in the currency are expected to
stabilize and thus create a favorable impact on the market.
The competition level in the market is found to be conducive to the advancement of the players who
are operating in the market. The need to capture a broader chunk of the profits is supporting the
expansion of the market. The influence of governmental policies is motivating further development
in the market. The rise in the flow of international transactions between nations is further inspiring
the progress of the market. The synergies being created between supply and demand forces in the
market is expected to induce further growth of the market.
The notable contenders in the cloud high performance computing market are Microsoft
Corporation (U.S.), Google, LLC (U.S.), Dell, Inc (U.S.), Wolfram Alpha LLC (U.S.), The MathWorks, Inc
(U.S.), Penguin Computing (U.S.), Amazon Web Services (U.S.), Sabalcore Computing Inc (U.S.),
International Business Machines Corporation (U.S.), Gridcore AB (Sweden), Hewlett Packard
Enterprise (U.S.),Silicon Mechanics, Inc (U.S.), Nvidia Corporation (U.S.), Atos SE (France), Adaptive
Computing (U.S.), R Systems NA, Inc (U.S.), Univa Corporation (U.S.), Oracle Corporation (U.S.),
ToutVirtual, Inc (U.S.) and T-Services (Russia).
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