Cloud HPC Market Size Segmentation, Competitive Landscape, Market Poised for Rap

Cloud HPC Market Size Segmentation, Competitive Landscape, Market Poised for Rap

Market Research Future (MRFR) estimates the global cloud high-performance computing market to reach USD 22 billion at a 21% CAGR from 2017 to 2023 (forecast per

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Market Highlights

Market Research Future (MRFR) gauges the global Cloud HPC Market Size to arrive at USD 22 billion at a 21% CAGR from 2017 to 2023 (conjecture period).

Cloud high-performance computing expands the computing capacity when contrasted with non-cloud sending. The cloud is being utilized by an assortment of associations and industry verticals for high-performance computing in organic sciences, synthetic designing, PC helped designing and mechanical plan and examination, advanced substance creation and circulation, and a lot more logical spaces. Cloud high-performance computing gives additional ability to abundance responsibilities, bringing down capital expenses and giving admittance to particular equipment, programming, or different assets.

The utilization of the cloud for high-performance computing has expanded essentially. Presently, roughly 25% of associations use cloud high-performance computing, and this figure is relied upon to rise considerably during the projected period. Globally, half of all organizations are looking at utilization measurements looking for positive outcomes and expanded proficiency. Cautious focusing on and investigation help in fathoming the relocation of high-performance computing client work processes to the cloud. The cloud takes into consideration variable estimating. The value model depends on utilization, permitting a venture to pay just for the administrations that it employments. In any case, there is consistently a security hazard. As indicated by a 2010 study on cloud reception, more than 20% of associations favor crossover cloud, while practically 19% lean toward private cloud because of security concerns. Because of serious security dangers, public cloud use has been decreased by generally 13%.

COVID-19 Impact on the Global Cloud High-Performance Computing Market

The introduction of a variety of regulations by governments worldwide to deal with the COVID-19 disaster is expected to affect the growth of the global cloud high-performance computing industry.

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The global cloud high-performance computing market has been segmented into services, components, deployment, and industry verticals.

Based on the services, the global cloud high-performance computing market has been segmented into professional services, managed services, and other services. The professional services has been further segmented into integration and deployment service, maintenance & support services, and consulting service. The other services has been further segmented into Infrastructure as a service (IaaS) and platform as a service (PaaS).

Based on the component, the global cloud high-performance computing market has been segmented into hardware and software. The hardware segment has been further segmented into server, storage, and networking devices. The software has been segmented into clustering software and analytics tools.

Based on deployment, the global cloud high-performance computing market has been segmented into the public cloud and hybrid.

Based on the industry vertical, the global cloud high-performance computing market has been segmented into banking and financial services, IT & telecommunication, retail, manufacturing, healthcare, energy & utilities, transportation, and others.

Regional Analysis

The geographical analysis of the global cloud high-performance computing market marks the study for regions like North America, Europe, Asia Pacific, and the rest of the world.

North America accounts for over half of the market among these regions. North America has a high concentration of vendors offering cloud high-performance computing services and solutions to a wide range of end-users. Technological advancement and the development of supercomputing facilities are two significant factors leading to the expansion of cloud high-performance computing in North America. The United States leads the market, with Canada expected to grow at a faster rate.

Key Players

Notable players in the global cloud high performance computing market include Penguin Computing (U.S.), International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Google, LLC (U.S.), Dell, Inc (U.S.), Gridcore AB (Sweden), Amazon Web Services (U.S.), Sabalcore Computing Inc (U.S.), Univa Corporation (U.S.), Adaptive Computing (U.S.), Hewlett Packard Enterprise (U.S.) among others.

Other vendors include The MathWorks, Inc (U.S.), Silicon Mechanics, Inc (U.S.), Atos SE (France), Oracle Corporation (U.S.), Nvidia Corporation (U.S.), R Systems NA, Inc (U.S.), Fujitsu Ltd (Japan), ToutVirtual, Inc (U.S.), T-Services (Russia), Wolfram Alpha LLC (U.S.), Intel Corporation (U.S.), Advanced Micro Devices, Inc (U.S.), Cisco Systems, Inc (U.S.), Hitachi Ltd (Japan), Alibaba Cloud (China), Huawei Technologies Co Ltd (China), Rescale, Inc (U.S.), Nimbix, Inc (U.S.), ARCTUR (Slovenija), CSUC (Spain), TotalCAE (U.S.), TheUberCloud, Inc (U.S.) among others.

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Global Cloud High Performance Computing Market: Component (Hardware, Software), Service (Professional, Managed), Deployment (Public Cloud, Hybrid), Industry Vertical (BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Energy & Utilities) - Forecast till 2027

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