The Business Research Company’s report on the High Performance Computing As a Service Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the high performance computing as a service market’s growth in recent years?
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.
Access Your Free Sample of the Global High Performance Computing As a Service Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7375&type=smp
How does the future projection of the high performance computing as a service market size compare to its historical growth?
The high performance computing as a service market size has grown strongly in recent years. It will grow from $10.31 billion in 2024 to $11.06 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. 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 $18.36 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. 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.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=7375&type=smp
Which key players are shaping the future of the high performance computing as a service market?
Major companies operating in the high performance computing as a service market include 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., 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, Oracle Corporation, Cray Inc., Silicon Graphics International Corp., Bull Atos Technologies, Univa Corporation, Bright Computing Inc.
What trends will propel the growth and evolution of the high performance computing as a service market?
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 January 2022, Lenovo, a China-based that manufactures consumer electronics, introduced TruScale High Performance Computing as a Service (HPCaaS), a new offering designed to provide organizations with scalable supercomputing capabilities through a cloud-like experience. This service aims to enhance innovation and efficiency in various sectors, including academia, pharmaceuticals, manufacturing, and healthcare.
Which regions are expected to become dominant players in the high performance computing as a service market?
North America was the largest region in the high-performance computing as a service market in 2024. 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
Order Your Report Now For Swift Delivery
What are the emerging key segments in the high performance computing as a service market, and how are they evolving?
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
Subsegments:
1) By Solutions: Software Solutions, Hardware Solutions
2) By Services: Managed Services, Consulting Services, Support And Maintenance Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7375
How is the high performance computing as a service market defined?
HPCaaS (high-performance computing as a service) refers to the practice of employing parallel data processing to accelerate computation and carry out complicated calculations by pooling computing resources, enabling even advanced applications to function effectively in accordance with user demands and expectations. High-performance computing as a service is used to give the tools necessary to handle enormous amounts of data through existing systems while doing sophisticated calculations and providing high-level processing capacity to customers with the help of the cloud.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
