Global high-performance computing as a service market is projected to value over US$ 11 billion by the end of 2026 and grow at a CAGR of over 10% during the forecast period of 2019-2026.
The rate at which research and development is being conducted across all the academic streams be it theoretical physics, semiconductor technology or any other. When any research is conducted, the most critical element upon which the entire research is built upon is the database. Databases these days are enormous and it becomes near to impossible to process and work on such an enormous amount of data. This requires a very powerful computing system and High Performance Computing (HPC) is capable of fulfilling this requirement. It is basically a method to improve computer power that will be capable to perform high-performance tasks like handling very large numerical data which is generally required in areas like business, science and engineering. HPC involves all types of microservers and servers that are being used for data-intensive or highly computational tasks. Almost all the big companies have adopted high performance computing and it is HPC on which they are thriving in the industry. HPC system has advantages like improved efficiency of performance, faster computational capabilities of HPC systems or micro servers which are also the driving forces of the HPC market. The other factor that drives forward the market is a high-quality service that is offered by HPC with smarter database management & deployment. It is also being adopted by educational institutes and various other industries for building robust and reliable products that would help to maintain an upper hand over the competition.
Insights on Global High Performance Computing Market:
North America dominates the HPC market due to its rapid adoption of newer and innovative technologies and is expected to grow at a rising rate during the forecast period. Asia Pacific is a fast-growing region due to an increase in the research and development in various academic streams which require a lot of database processing and is, therefore, helping the HPC market to penetrate even more in these market spaces.
Government segment dominates the HPC market due to the amount of database it has to handle for the sake of understanding what all services are required to be provided to the people and how to manage the services that are already being implemented. It is expected that this segment will still continue to dominate during the forecast period.
High performance computing using the cloud platform has more advantages than having it on-field. One of the major reason for this is the ease of storing data virtually instead of it stored on field and that is the reason this market segment will see a rise in the market growth during the forecast period.
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High Performance Computing as a Service Market Segmentation:
By Deployment
• Cloud
• On-Premise
By Application
• High Performance Technical Computing
o Government
o Chemical
o University/Academic
o Large Product Manufacturing
o Bio-Science
o Consumer Product Manufacturing
o Electronics
o Energy
• High Performance Business Computing
o Online Gaming
o Media Entertainment
o Retail
o Financial Service
o Transportation
o Ultra scale Internet
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
Tier 1 companies have a market share of 45% while tier 2 and tier 3 companies account for a market share of 34% and 21% respectively.
FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global high performance computing market by region, by application, by deployment
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific and rest of the world
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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