The High Performance Computing As a Service by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s High Performance Computing As a Service, 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.
The trajectory of the high-performance computing as a service (HPCaaS) market is poised for substantial growth, fueled by the anticipated surge in data generation. This phenomenon, characterized by the creation of datasets earmarked for further processing in databases, has become a pivotal driver of the HPCaaS landscape. High-performance computing, a technological marvel, empowers users to swiftly navigate vast volumes of generated data, thereby facilitating expedited insights and the ability to maintain a competitive edge. A noteworthy revelation from the World Economic Forum underscores this trend, predicting a staggering 463 exabytes of daily global data generation by 2025, equivalent to 212.77 million DVDs per day. Consequently, the escalating trend in data generation emerges as a catalyst propelling the growth trajectory of the high-performance computing as a service market.
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The high performance computing as a service market covered in this report is segmented –
1) High Performance Computing As a Service Market By Component: Solutions, Services
2) High Performance Computing As a Service Market By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud
3) High Performance Computing As a Service Market By Industry Vertical: Manufacturing, BFSI, Healthcare, Government, Media and Entertainment, Other Industry Verticals
Top Major Players
International Business Machines Corporation
Technological advancements are a key trend gaining popularity in the high-performance computing as a service market. Major companies operating in the high-performance computing as a service market are introducing new technologies such as SpeedCloud to sustain their position in the high-performance computing as a service market. For instance, in July 2021, NxtGen, an India-based technology company that provides data center and cloud-based services, launched SpeedCloud High-Performance Computing as a Service (HPCaaS) to make high-performance computing more widely adopted by businesses, research institutions, and governmental organizations to enable mainstream accessibility. SpeedCloud HPC-SaaS leverages modern and advanced CPUs, GPUs, and low-latency networks, helping its users perform massive calculations in a matter of minutes and providing lower TCO. This launch represents another step forward for NxtGen’s product portfolio.
The high performance computing as a service market report table of contents includes:
1. Executive Summary
2. High Performance Computing As a Service Market 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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