Global High Performance Computing As a Service (Hpcaas) Market – Industry Trends and Forecast to 2029

Market Analysis and Size

According to a report by Sigma Computing, approximately 63% of employees’ state regarding issues in gathering in the required timeframe, and most of the companies are able to analyze 12% of the data that they possess. Adoption of big data initiatives was stated as a top challenge by 73.4% of companies. High performance compute-as-a-service (HPC-as-a-service or HPCaaS) is expected to offer enterprises with hardware, and software, to process workloads such as big data analytics.

Global High Performance Computing as a Service (Hpcaas) Market was valued at USD 6.41 billion in 2021 and is expected to reach USD 20.62 billion by 2029, registering a CAGR of 12.40% during the forecast period of 2022-2029. PaaS is expected to witness high growth in the component segment of the market owing to the high demand for cloud-based versions of their offerings. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

High-performance computing as a service (HPCaaS) refer to the type of services that provide high-performance computing applications on cloud environment. These services allow access to a reliable and scalable resource of high-performance computing components. The technology could be said as supercomputer that can be converted into a scalable cloud that enhances the accessibility of HPC resources.

Report Scope and Market Segmentation

High Performance Computing As a Service (Hpcaas) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

Increase in Data Generation

The increase in amount of data generation across various industry verticals acts as one of the major factors driving the high performance computing as a service (Hpcaas) market. Increase in demand for these computing services due to the capability to process data in real-time to stream lives sports events and analyze stock trends drives the market growth.

• High Penetration of Internet of Things

The increase in the penetration of Internet of Things (IoT) integrating and converting industrial verticals accelerate the market growth. The adoption of various technologies and components to connect to the internet has a positive impact on the market.

• Various Advantages offered by Hpcaas

The rise in adoption of Hpcaas owing to various advantages offered by these services such as dynamic or highly automated management of HPC specialized compute further influence the market. HPC-as-a-service offerings integrate newer technologies faster.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the high performance computing as a service (Hpcaas) market.

Opportunities

Furthermore, introduction of cluster management software extend profitable opportunities to the market players in the forecast period of 2022 to 2029. The high demand of cloud services will further expand the market.

Restraints/Challenges

On the other hand, high cost associated with the usages of system along with complex integration between cloud platform and legacy system are expected to obstruct market growth. Also, rise in concerns regarding safety and the legitimate use of data are projected to challenge the high performance computing as a service (Hpcaas) market in the forecast period of 2022-2029.

This high performance computing as a service (Hpcaas) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info high performance computing as a service (Hpcaas) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on High Performance Computing As a Service (Hpcaas) Market

The COVID-19 pandemic had a positive impact on the high performance computing as a service (Hpcaas) market. It helped millions of people globally in leveraging advanced tools for various applications, especially healthcare. high performance computing as a service (Hpcaas) market was highly useful for numerous medical applications such as remote patient monitoring, and healthcare solutions, among others. The high performance computing as a service (Hpcaas) market is expected to witness high growth Post-COVID-19 due to the adoption of smart manufacturing processes using AI, and IoT technologies.

Global High Performance Computing As a Service (Hpcaas) Market Scope and Market Size

The high performance computing as a service (Hpcaas) market is segmented on the basis of component, offering, deployment type, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• SaaS
• PaaS
• IaaS

Offering

• Solutions
• Services

Deployment Type

• Colocation
• Hosted Private Cloud
• Public Cloud

Application

• High Performance Technical Computing

                                 Electronics and Automotive

                                 Large Product Manufacturing

                                Chemical and Pharmaceuticals

                                Consumer Product Manufacturing

                                Others

• • Bio-Science
  • Energy
    • University /Academic
    • Government
• High Performance Business Computing
• Retail and BFSI
• Media and Entertainment
• Transportation and Utilities
• Online Game and E-Commerce
• Others
• Education
• Ultra Scale Internet
• Financial Services Organizations

High Performance Computing As a Service (Hpcaas) Market Regional Analysis/Insights

The high performance computing as a service (Hpcaas) market is analysed and market size insights and trends are provided by country, component, offering, deployment type, and application as referred above.

The countries covered in the high performance computing as a service (Hpcaas) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the high performance computing as a service (Hpcaas) market due to the introduction of computing technology along with prevalence of various market players within the region.

Europe is expected to witness significant growth during the forecast period of 2022 to 2029 because of the adoption of cloud services along with increasing number of organizations based on cloud services in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and High Performance Computing As a Service (Hpcaas) Market

The high performance computing as a service (Hpcaas) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to high performance computing as a service (Hpcaas) market.

Some of the major players operating in high performance computing as a service (Hpcaas) market are

• IBM (US)
• Amazon Web Services, Inc. (US)
• Microsoft (US)
• Hewlett Packard Enterprise Development LP (India)
• IDG Communications, Inc. (US)
• Sabalcore Computing, Inc. (US)
• Google LLC (US)
• Penguin Computing (US)
• Adaptive Computing. (US)
• Nimbix, Inc. (US)
• The UberCloud (US)
• Dell Inc. (US)
• Cisco Systems Inc (US)
• Hitachi, Ltd. (Japan)
• Advanced Micro Devices, Inc (US)
• Atos SE (France)
• NVIDIA Corporation (US)
• Rescale, Inc. (US)
• Hadean Supercomputing Ltd. (UK)
• Super Micro Computer, Inc. (US)

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