MarketsandMarkets expects the global High Performance Computing as a Service market to grow from USD 5.7 billion in 2018 to USD 10.0 billion by 2023, at a CAGR of 11.9% during the forecast period. Reduced capital costs reduced operational costs, and lack of access to an on-premise datacenter are some of the general drivers for the adoption of HPCaaS. Apart from these drivers, extra capacity to handle overflow/surge workloads, provision of a separate environment for development projects/testing and testing the viability of use cases/workloads/applications are expected to propel the market growth.
The healthcare and life sciences segment is expected to grow at the highest CAGR from 2018 to 2023. A number of life science applications are expected to increase in future, thus leading to an increase in data storage requirements. Data-Intensive applications such as genomics, protein modeling, personalized medicine, and data mining that require real-time data processing are expected to drive the adoption of HPCaaS. Hosted private cloud is expected to grow at the highest CAGR due to the increased demand for security, control, and reliability among businesses.
Platform as a service is expected to grow at the highest CAGR. Majority of Independent Software Vendors (ISV’s) are delivering or are planning to deliver cloud-based versions of their offerings for HPC. Major roadblocks for “as a service” adoption is the cost of the licensed or commercial products and they are bulky to run on the cloud and are too expensive. APAC is expected to experience the highest growth in the HPCaaS market, as China is emphasizing on enhancing its supercomputing capabilities. Recently, China topped with 202 supercomputers in the world’s top 500 supercomputers survey.
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IBM (US), AWS (US), Microsoft (US), Cray (US), Sabalcore Computing (US), Google (US), Penguin Computing (US), Adaptive Computing (US), Nimbix (US), Uber Cloud (US), HPE (US), and Dell (US) are the key players in HPCaaS market. These vendors are leveraging these opportunities by launching new products, enhancing their existing portfolio, and by collaborating with technology vendors to expand their global reach.
The major software vendors in this market include IBM (US), AWS (US), Microsoft (US), Cray (US), Sabalcore Computing (US), Google (US), Penguin Computing (US), Adaptive Computing (US), Nimbix (US), Uber Cloud (US), HPE (US), and Dell (US). New product launches, product enhancement, and collaborations were the widely adopted strategy by the major players from 2016 to 2018. Other strategies such as expansions, acquisitions, and new product launches were also adopted by the companies to expand their presence in the global High Performance Computing as a Service market. This helped them to expand their consumer base and address the unmet needs of end users.
IBM is one of the prominent players in the High-Performance Computing as a Service market. The company’s growth strategy is to deliver high-value solutions to enterprise clients across all industry verticals. IBM focuses on delivering innovations in technology with superior solutions that enhance the clients’ and industrial outcomes. In 2016, IBM invested USD 5,751 million in R&D and engineering, which assisted it in introducing innovations in product development and creating a stronger portfolio. To cater the increasing demands for hyperscale data centers, IBM has stepped forward in developing innovative HPC-related offerings. In July 2017, the company launched IBM All-Flash ESS to provide high performance data and file management. IBM’s focus on HPC offerings has led to its widespread adoption and helped the company to gain importance in the HPC market.
Amazon Web Services (AWS) is another prominent provider of cloud computing businesses and technology infrastructure services to businesses across the globe. It is a dynamic and growing business unit of Amazon.com. The company’s strategy is to provide storage services at low costs with maximum safety, reliability, and flexibility. Amazon.com is investing comprehensively in AWS due to the increasing demand for cloud services from enterprises. AWS is strategically focusing on investing in technology infrastructure, digital products, and services improving the efficiency and process of the company. In February 2016, AWS signed an agreement to acquire NICE, a provider of software and services for high performance and technical computing. With this acquisition, the company aims to strengthen its HPC product offerings and expand its geographic reach. AWS plans to leverage NICE’s expertise and deliver products that enable its customers to optimize and centralize their HPC and visualization workloads.
It follows a pay-as-you-go pricing strategy for its solutions, lowering the costs involved in offering cloud-based services. The company’s focus in the past 3 years has been to offer storage services to enterprises across the globe at highly competitive prices. However, its current focus is on offering customized solutions to best suit the business requirements of the enterprises.
According to research report "High Performance Computing as a Service Market by Verticals (BFSI, Healthcare and Life Sciences, Manufacturing), Deployment Type (Colocation, Hosted Private Cloud, Public Cloud), Component, Region - Global Forecast to 2023",The High Performance Computing as a Service market is projected to reach USD 10.0 billion by 2023 from USD 5.7 billion in 2018, at a CAGR of 11.9% during the forecast period.
Growth in this market is mainly driven by faster deployment of new products and services, access to better technologies, and reduced capital costs.Browse 21 market data Tables and 31 Figures spread through 107 Pages and in-depth TOC on "High Performance Computing as a Service Market - Global Forecast to 2023"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215009295The BFSI segment has the largest share of the market and is growing at the second highest CAGR during the forecast periodFinancial institutions are adopting hosted private cloud and colocation services for security concerns.
The US government has recognized the importance of problems faced in the areas of computational science and simulation which requires large-scale computational facilities.
The major countries taken for analysis are the US and Canada.
The main growth of the HPCaaS market in this region is due to the increasing demand for big data analytics and increase in the complexities of applications that require parallel processing further enhancing business flexibility and agility.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=215009295The major high performance computing as a service market vendors are IBM (US), AWS (US), Microsoft (US), Cray (US), Sabalcore Computing (US), Google (US), Penguin Computing (US), Adaptive Computing (US), Nimbix (US), Uber Cloud (US), HPE (US), and Dell (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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High-Performance Computing as a Service Market Research, By Component (Platform, Solution), Organization Size (SMEs, Large Enterprise), Deployment (Public Cloud, Private Cloud, Hybrid), Verticals (BFSI, Healthcare, Retail) — Global Forecast till 2027Market ResearchAs per the analysis by the Market Research Future Reports (MRFR), the high-performance computing as a service market is likely to value USD 9.50 billion with a CAGR of 12.8% by the end of forecast period.
It is one of the elements aiding in influencing high-performance computing as a service market.
On the other hand, implementing high-performance computing is more expensive for small and medium enterprises (SMEs).
Moreover, at times result in incurring expensive switching cost for large companies.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7345Market SegmentationThe global high-performance computing as a service market is classified into verticals, organization size, component, deployment, and region.On the basis of organization size, global high-performance computing as a service market can be segregated into small and medium enterprises, and large enterprises.On the basis of component, the global high-performance computing as a service market can be segregated into service and platform.
The service segment can further be classified into integration service, consulting service, and maintenance and support services.On the basis of deployment, the global high-performance computing as a service market can be segregated into a private cloud, hybrid cloud, and public cloud.On the basis of region, the global high-performance computing as a service market can be segregated into Europe, Asia-Pacific, North America, and the Rest of the World (RoW).Regional AnalysisOn the basis of region, the global high-performance computing as a service market can be segregated into Europe, Asia-Pacific, North America, and the Rest of the World (RoW).
Besides, the development of supercomputing facilities influences market expansion in the North American region.
Significant insights of High Performance Computing (HPC) Market 2023 — Analysis & Forecast (Billion $ Market)OverviewDue to technological advancement, high-performance computing as a service is being considered a necessity for enterprises in order to obtain meaningful insights from a huge amount of unstructured as well as structured data.
Market Research Future (MRFR) has published a research report on the global high-performance computing as a service market that sees hike for this market at 12.8% CAGR (Compound Annual Growth Rate) between 2017 and 2023.
By value, the market has been figured to be worth the US $ 9.50 bn by the end of the forecast period.High Performance Computing (HPC) MarketMarket HighlightsHigh-performance computing as a service is a necessity for enterprises to obtain meaningful insights from a huge amount of unstructured and structured data.
High performance computing allows solving complex, scientific calculations, and analytics for making effective business decisions.
One of the major factors the growth of high performance computing as a service is the increasing big data, and cloud computing analysis.Key PlayersThe key players in the high-performance computing as a service market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are — Amazon Web Services (US), IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), Penguin Computing (US), Sabalcore Computing Inc (US), Adaptive Computing Enterprises Inc (US), Nimbix Inc (US), Google LLC (US), Dell Inc (US).
