The high performance computing as a service global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
High Performance Computing As a Service Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The high performance computing as a service market size has grown strongly in recent years. It will grow from $9.72 billion in 2023 to $10.55 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to growing demand for computational power, cost efficiency, expansion of big data analytics, increased research and development, globalization and collaboration..
The high performance computing as a service market size is expected to see rapid growth in the next few years. It will grow to $15.92 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to advancements in technology, edge computing and iot, artificial intelligence (ai) and machine learning (ml), industry-specific applications. Major trends in the forecast period include advancements in cloud technologies, flexibility and scalability needs, diverse industry applications, hybrid and multi-cloud deployments.
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Scope Of High Performance Computing As a Service Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
An increase in data generation is expected to propel the growth of high-performance computing as a service market going forward. Data generation refers to the generation of datasets that are intended to be further processed in a database. High-performance computing enables the user to quickly handle enormous amounts of data generated, resulting in quicker insights and the capacity to stay one step ahead of the competition. For instance, according to a report released by the World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, by the year 2025, it is predicted that 463 exabytes of data, the equivalent of 212.77 million DVDs per day, is expected to be generated globally each day. Therefore, an increase in data generation is driving the high-performance computing as a service market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The high performance computing as a service market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud
3) By Industry Vertical: Manufacturing, BFSI, Healthcare, Government, Media and Entertainment, Other Industry Verticals
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Regional Insights –
North America was the largest region in the high-performance computing as a service market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the high performance computing as a service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the high performance computing as a service market report are Amazon Web Services Inc., Dell Technologies Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, Nimbix Inc., Penguin Computing Inc., Sabalcore Computing Inc., The UberCloud Inc., IDG Communications Inc., Adaptive Computing Enterprises Inc., Hitachi Ltd., Atos SE, NVIDIA Corporation, Rescale Inc., Hadean Supercomputing Ltd., Super Micro Computer Inc., Intel Corporation, Fujitsu Limited, Hewlett Packard Enterprise Development LP, Advanced Micro Devices Inc., NEC Corporation, Lenovo Group Limited, Inspur Software Co. Ltd., Seagate Technology Holdings plc, NetApp Inc., Cisco Systems Inc., Oracle Corporation, VMware Inc., Juniper Networks Inc., Cray Inc., Silicon Graphics International Corp., Bull Atos Technologies, Univa Corporation, Bright Computing Inc.
Table of Contents
1. Executive Summary
2. High Performance Computing As a Service Market Report Characteristics
3. High Performance Computing As a Service Market Trends And Strategies
4. High Performance Computing As a Service Market – Macro Economic Scenario
5. Global High Performance Computing As a Service Market Size And Growth
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31. Global High Performance Computing As a Service Market Competitive Benchmarking
32. Global High Performance Computing As a Service Market Competitive Dashboard
33. Key Mergers And Acquisitions In The High Performance Computing As a Service Market
34. High Performance Computing As a Service Market Future Outlook and Potential Analysis
35. Appendix
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