Cloud High Performance Computing (CHPC)Market Headed for Growth and Global Expansion by 2023
Lately High-Performance computing (HPC) applications have been garnering a lot of attention in the cloud computing world. The cloud HPC offers the benefits of increased computing capability, reduction in capital costs, scalability for critical applications, high flexibility, and faster deployment. Owing to these benefits, cloud HPC finds its application in various industry verticals such as biological sciences, digital content creation & distribution, computer-aided engineering and mechanical design & analysis, chemical engineering, and many other scientific fields. Deployment of cloud HPC in various fields coupled with high adoption among end-users drives the market for cloud HPC.
A high number of enterprises are leveraging cloud HPC, and the number tends to be increasing gradually. The escalating need to manage complex tasks and emergence of big data can be attributed for this wide adoption of cloud HPC. The flexible pay-as-you-go model also is a major driver of the growth of the market where enterprises only pay for the particular service they use. Other factors which favor the growth of the cloud HPC market include state-of-the-art computing environment, high-performance data analysis. Virtualization flexibility of cloud HPC as compared to traditional HPC is another factor propelling the growth of the market which allows scientists to build their own virtual machines and configure them according to needs. Deployment of new embedded processors solution, adoption of cloud HPC by governments, and growing recognition of Cloud HPC are also giving a push to the market growth.
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Some of the major players in global cloud high performance computing market include International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Google, LLC (U.S.), Dell, Inc (U.S.), Amazon Web Services (U.S.), Penguin Computing (U.S.), Sabalcore Computing Inc (U.S.), Univa Corporation (U.S.), Gridcore AB (Sweden), Adaptive Computing (U.S.), Hewlett Packard Enterprise (U.S.) among others.
Other vendors include Silicon Mechanics, Inc (U.S.), Atos SE (France), Nvidia Corporation (U.S.), R Systems NA, Inc (U.S.), Oracle Corporation (U.S.), The MathWorks, Inc (U.S.), ToutVirtual, Inc (U.S.), T-Services (Russia), Wolfram Alpha LLC (U.S.), Fujitsu Ltd (Japan), Intel Corporation (U.S.), Advanced Micro Devices, Inc (U.S.), Cisco Systems, Inc (U.S.), Hitachi Ltd (Japan), Huawei Technologies Co Ltd (China), Rescale, Inc (U.S.), Nimbix, Inc (U.S.), Alibaba Cloud (China), ARCTUR (Slovenija), CSUC (Spain), TotalCAE (U.S.), TheUberCloud, Inc (U.S.) among others.
According to MRFR, The Cloud High-Performance Computing Market Is Estimated To Grow At A CAGR Of 21% During The Forecast Period 2017-2023
The prominent players constantly keep innovating and investing in research and development to present a cost-effective portfolio. There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers.
The global cloud HPC market is segmented based on services, component, deployment, and industry vertical. By services, the market has been segmented into professional services, managed services, and other services. The professional services segment is further segmented into integration and deployment service, maintenance & support services, and consulting service. The other services segment is further segmented into Infrastructure as a service (IaaS) and platform as a service (PaaS).
By component, the market has been segmented into hardware and software. The hardware segment has been further segmented into server, storage, and networking devices. The software segment is further segmented into clustering software and analytics tools.
By deployment, the market has been segmented into public cloud and hybrid.
By industry verticals, the market has been segmented into banking and financial services, IT & telecommunication, retail, manufacturing, healthcare, energy & utilities, transportation, and others.
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The global cloud high-performance computing market is estimated to grow at a significant rate. The geographical analysis of cloud high-performance computing market marks the study for regions like North America, Europe (including Russia), Asia Pacific (including Australia and New Zealand) and rest of the world (including the Middle East, Africa, and South America). Among these regions, almost half of the market is occupied by North America. North America has a rich concentration of vendors providing services and solutions for cloud high-performance computing for various end-users. One of the major factor contributing to the growth of cloud high-performance computing in North America is the technological advancement, and developing supercomputing facilities. The United States is leading the market, whereas Canada is estimated to witness a higher growth rate.
• HPC vendors
• System integrators
• Consultancy and advisory firms
• Data integration service providers
• Managed service providers
• Enterprise customers
TABLE OF CONTENTS
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
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LIST OF TABLES
Table1 World Population by Major Regions (2017 To 2030)
Table2 Global Cloud High Performance Computing Market: By Region, 2017-2023
Table3 North America Cloud High Performance Computing Market: By Country, 2017-2023
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