The report of Global High Performance Computing as a Service Market by Component (Solutions, Services), Deployment type (Private Cloud, Public Cloud, Hybrid Cloud), Industry Vertical (Manufacturing, BFSI, Healthcare, Government, Media & Entertainment, Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn. by 2027, at a CAGR of 13.2% during a forecast period.
The report contains a detailed study of factors that will drive and restrain the growth of high performance computing as a service market. The increasing amount of data drives the need for efficient systems to solve mathematical and computational problems. The available commercial computers lack efficiency to compute a huge amount of data generated. The development of quantum computers will do calculations that are thousands of times faster than modern processors while consuming magnitudes less electricity.
The BFSI segment is dominating the high performance computing as a service market and valued around US$ XX Bn in 2019.
High Performance Computing as a Service (HPCaaS) is majorly deployed in high-frequency trading, capital market analysis, and risk modelling. BFSI is the largest adopter of HPCaaS and expected to grow at a high pace from 2020 to 2027. However, the healthcare segment is projected to gather the highest growth rate during the forecast period.
North America region is projected to witness the fastest growth during the forecast period.
North America is the leader in the adoption and utilization of HPCaaS. One of the key factors behind this growth is the rich concentration of high-performance computing retailers providing cloud services. Major players such as HPE, IBM, Oracle and Dell are among the leading and preferred vendors of HpCaas. Also, the advancement in the development of supercomputing facilities fuels the market growth in North America, the U.S being a leading country, while Canada is projected to witness a higher growth rate.
Key players operating in the Global High Performance Computing as a Service Market are IBM, AWS, Microsoft, Penguin Computing, Sabalcore Computing, Adaptive Computing, Nimbix, Google, Advanced Micro Devices Inc , Ubercloud, HPE, Dell, Cray Inc, Cisco Systems Inc , Hitachi Ltd
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global High Performance Computing as a Service Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global High Performance Computing as a Service Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global High Performance Computing as a Service Market positioning of competitors.
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