-- Cloud HPC Market
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. Migrating to cloud HPC requires high costs, and also concerns relating to data security are impeding the market growth. Lack of support for heterogeneous environment, growing cluster complexity, problems related to storage and data management are becoming new bottlenecks in the growth of the market.
The global cloud high-performance computing market is expected to reach USD 22 Bn by the end of the forecast period 201-2023, with a CAGR of 21%, reveals a study by Market Research Future (MRFR).
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Competitive Landscape
The eminent players operating in the market include International Business Machines Corporation (U.S.), Google, LLC (U.S.), Amazon Web Services (U.S.), Sabalcore Computing Inc (U.S.), Gridcore AB (Sweden), Hewlett Packard Enterprise (U.S.), Microsoft Corporation (U.S.), Dell, Inc (U.S.), Penguin Computing (U.S.), Univa Corporation (U.S.), Adaptive Computing (U.S.) among others.
Other vendors include Silicon Mechanics, Inc (U.S.), Nvidia Corporation (U.S.), Oracle Corporation (U.S.), ToutVirtual, Inc (U.S.), Wolfram Alpha LLC (U.S.),Intel Corporation (U.S.), Cisco Systems, Inc (U.S.), Huawei Technologies Co Ltd (China), Nimbix, Inc (U.S.), ARCTUR (Slovenija), TotalCAE (U.S.), Atos SE (France), R Systems NA, Inc (U.S.), The MathWorks, Inc (U.S.), T-Services (Russia), Fujitsu Ltd (Japan), Advanced Micro Devices, Inc (U.S.), Hitachi Ltd (Japan), Rescale, Inc (U.S.), Alibaba Cloud (China), TheUberCloud, Inc (U.S.) among others.
Segmentation
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.
Regional Analysis
The key markets of the global cloud high performance computing market include 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). North America accounts for the largest share of the market, almost half owing to advanced user/vendor base, robust technology sector, top-notch HPC workforce and a rich concentration of significant players in the region. The US is the major contributor in the region while Canada is expected to showcase high growth in the forthcoming years. Europe market for cloud HPC is anticipated to show significant growth over the forecast period owing to strong government and industry partnership, deployment of cloud HPC for industrial and scientific research in Germany. Asia-Pacific region is expected is projected to exhibit high growth during the forecast period due to developments in digital and network infrastructure and high adoption of cloud HPC applications in emerging economies.
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Industry Updates
In June 2018, XTREME-D, HPC cloud company announced the launch of a prototype version of XTREME-Stargate, a solution which is a combination of Infrastructure as a Service (IaaS) and an HPC gateway appliance. The appliance will provide a new HPC cloud experience.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/cloud-high-performance-computing-market-5816
Release ID: 385793
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