The global cloud high performance computing market size is likely to project a CAGR of nearly 20.1% during the forecast years 2021-2028. The cloud high performance computing market is driven by the faster deployment, increased flexibility, and scalability and high adoption rate in Smbs which acts as a driver as the demand for cloud high performance computing solutions is increasing.
The present and future cloud high performance computing market progress are summarized to conclude the attractiveness of the entire market. Also, the prime factor that influences the cloud high performance computing market opportunities is the adoption of pay-as-you-go model. Furthermore, the emergence of big data analytics market and the adoption of cloud computing solutions for industrial digitization and automation is the key factor driving the market growth for the cloud high performance computing market.
Also, the growing popularity of PaaS can spur the global market which is another factor driving the market growth. Furthermore, high need to manage complex tasks and emergence of Big Data is likely to provide lucrative development opportunities for the cloud high performance computing market in the forthcoming years.
The report also emphasizes several distinctiveness of the global cloud high performance computing industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the cloud high performance computing industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The cloud high performance computing market has tough competition among the new emerging and pre-established market vendors. Besides, the cloud high performance computing industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the organization size, the market is bifurcated into large enterprise and small and medium enterprise. Because of its simplicity and flexibility, SMEs are swiftly adopting cloud high performance computing (HPC), and demand is likely to increase during the projection period.
North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the cloud high performance computing market in this region is mostly ascribed to as it is the highest revenue contributor to the market. However, the growth in Asia Pacific region is likely due to increase in adoption of of cloud high performance computing because of because of better technology, cost effectiveness, scalability, and productivity. India and China dominate the cloud HPC industry in Asia-Pacific, and these two countries are the world's growing economies. Furthermore, China claims to have one of the best-developed HPC systems behind the United States, having increased HPC spending faster than the other countries.
The major players of the global cloud high performance computing market are Amazon Web Services, Inc., Dell, Hewlett Packard Enterprise Development LP, IBM, Intel Corporation, Microsoft, NVIDIA Corporation, Oracle, Penguin Computing, Sabalcore Computing, Inc., Google, Adaptive Computing, Univa Corporation, and Gridcore AB. Renowned companies are offering new and modern cloud high performance computing software solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Cloud High Performance Computing Market
Service Type Overview, 2021-2028 (USD Million)
- HPC IaaS
- HPC PaaS
- Data Organization and Workload Management
- Clustering Software and Analytics Tool
- Professional Services
Deployment Mode Overview, 2021-2028 (USD Million)
- Public Cloud
- Private Cloud
- Hybrid Cloud
User Types Overview, 2021-2028 (USD Million)
- Large Enterpirse
- Small and medium enterprise
End Use Overview, 2021-2028 (USD Million)
- Academia and Research
- Design and Engineering
- Government and Defense
- Financial Service
- Entertainment and Online Gaming
Regional Overview, 2021-2028 (USD Million)
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America