Global High Performance Computing as a Service Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

“Global High Performance Computing as a Service Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global high performance computing as a service market report has been segmented on the basis of component, application, and region.

Global High Performance Computing as a Service Market: Overview

High-performance computing as a service (HPCaaS) offers high-level processing capacity through cloud platforms. This service provides resources required to perform complex calculations, and has ability to work with large amounts of data through existing platforms.

Global High Performance Computing as a Service Market: Dynamics

Increasing adoption of cloud based services across various industry is a key factor expected to fuel growth of the potential market during the forecast period. This adoption leverages the need for fast computing and streaming of data. As high performance computing as a service offers features such as parallel processing, supercomputing, artificial intelligence (AI), and machine learning scalability which provides high-throughput is a factor to boost growth of the target market in cloud based organization across the globe.

Growing demand for high performance computing as a service in media and entertainment sector is another factor expected to drive growth of the global high performance computing as a service market, owing to its benefits such as quick discoveries, increase productivity, flexible architectures, rich solutions ecosystem, secure collaboration, and many others.

Moreover, growing awareness regarding high performance computing as a services low investment costs and its alternative to solution for on premise clusters coupled with multiple options of node sizes, configurations, and graphics processing unit (GPUs) is among some of the major factors expected to fuel growth of the target market.

However, complex integration between legacy systems and cloud platform which in turn increases the cost of the high performance systems is a major factor that could decline growth of the target market to a certain extent.

Increasing product/software launches and introduction of high performance computing cluster management software and systems by prominent players across the globe in the global market is expected to created high revenue growth opportunities in the near future.

For instance, in 2018, US-based Penguin Computing released Scyld ClusterWare 11, a new software suite that delivers HPC environments software such as MPI implementations and schedulers, web-based access, and many others. Penguin computing services can help end users to design, optimize, manage, and secure unique cluster environments.

Increasing R&D activities for integration of emerging technologies such as artificial intelligence in high performance computing systems and increasing strategic partnership between players operating in the global market is also expected to witness high revenue growth opportunities in the target market in the coming 10 years.

For instance, in 2018, US-based Adaptive Computing Enterprises, Inc. announced its partnership with Google Cloud Platform (GCP). This partnership is attributed to provide HPC in cloud-based use-cases and demonstrate cloud bursting on GCP with its NODUS cloud bursting solution.

Global High Performance Computing as a Service Market: Region Analysis

The high performance computing as a service market in Asia Pacific is expected to contribute high revenue growth and is expected to dominate the global market. The Asia Pacific high performance computing as a service market is primarily driven, owing to increasing adoption of cloud services and rising number of cloud-based organization in countries such as Japan, China, and India.

Global High Performance Computing as a Service Market Segmentation:

Segmentation by Component:

• Hardware and Architecture
• Software and system Management
• Professional Services

Segmentation by Application:

• High Performance Technical Computing
  • Electronics and Automotive
  • Large Product Manufacturing
  • Chemical and Pharmaceuticals
  • Consumer Product Manufacturing
  • Others (Bio-Science, Energy, University /Academic, Government, Etc.)
• High Performance Business Computing
  • Retail & BFSI
  • Media & Entertainment
  • Transportation & Utilities
  • Online Game and E-Commerce
  • Others (Education, Ultra Scale Internet, Financial Services Organizations. Etc.)

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa