May 10, 2021, 5:39 p.m. EDT

Rate of Adoption of Cloud Services for High Performance Computing Market is Expected to Increase Rapidly over the Forecast Period 2017-2023

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May 10, 2021 (Heraldkeepers) -- Market Highlights

The cloud high-performance computing increases the computing capability, as compared to non-cloud deployment. The high performance computing market has seen significant growth by the growing adoption of cloud computing. The market at present is captured by nearly 25% enterprises that use cloud services for high-performance computing. The rate of adoption of cloud services for high performance computing is expected to increase rapidly over the forecast period.

Regional Analysis

On the basis of geography, the market is studied for North America, Europe, Asia Pacific and the rest of the world. Among all the regions, the market is dominated by North America due to the technological advancement, and developing supercomputing facilities. The United States is leading the market, whereas Canada is also estimated to witness a higher growth rate. Europe is expected to show significant growth during the forecast period. Europe is a technologically advanced region, and the factors contributing to the growth of this market are, the strong government and industry partnerships, higher use of HPC for research activities, and deployment of HPC for industrial and scientific research activities in Germany.

On the other hand, Asia Pacific is expected to show a decent growth considering developments in the semiconductor industry, digital & network infrastructure, and one of the fastest growing market for supercomputers. India is an advanced country in software development and solutions. In India, cloud high performance is adopted for applications of education, weather forecasting, and in government sector.

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On the basis of the services, the market is segmented into professional services, managed services, and other services. The professional services are further segmented as integration and deployment service, maintenance & support services, and consulting service. The other services are further sub-segmented into Infrastructure as a service (IaaS) and platform as a service (PaaS).

On the basis of the component, the market is segmented into hardware and software. The hardware segment is further sub-segmented into the server, storage, and networking devices. The software is further sub-segmented into clustering software and analytics tools.

On the basis of deployment, the market is segmented into the public cloud and hybrid

On the basis of industry vertical, the market is segmented into banking and financial services, IT & telecommunication, retail, manufacturing, healthcare, energy & utilities, transportation, and others

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, and rest of the world.

Key players

Some of the major players in global cloud high performance computing market include International Business Machines Corporation (U.S.), Microsoft Corporation (U.S.), Google, LLC (U.S.), Dell, Inc (U.S.), Amazon Web Services (U.S.), Penguin Computing (U.S.), Sabalcore Computing Inc (U.S.), Univa Corporation (U.S.), Gridcore AB (Sweden), Adaptive Computing (U.S.), Hewlett Packard Enterprise (U.S.) among others.

Other vendors include Silicon Mechanics, Inc (U.S.), Atos SE (France), Nvidia Corporation (U.S.), R Systems NA, Inc (U.S.), Oracle Corporation (U.S.), The MathWorks, Inc (U.S.), ToutVirtual, Inc (U.S.), T-Services (Russia), Wolfram Alpha LLC (U.S.), Fujitsu Ltd (Japan), Intel Corporation (U.S.), Advanced Micro Devices, Inc (U.S.), Cisco Systems, Inc (U.S.), Hitachi Ltd (Japan), Huawei Technologies Co Ltd (China), Rescale, Inc (U.S.), Nimbix, Inc (U.S.), Alibaba Cloud (China), ARCTUR (Slovenija), CSUC (Spain), TotalCAE (U.S.), TheUberCloud, Inc (U.S.) among others.

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