About High Performance Computing as a Service
High-Performance Computing as a Service (HPCaaS) is the provision of high-level processing power to customers. HPCaaS provides the tools needed to process complex calculations and work with large quantities of data. High-Performance Computing (HPC) is also referred to as supercomputing, envisages the use of parallel processing to process the data at higher speeds and accuracies and provide outputs effectively. The systems have the ability to make complex business processes easier. As a result, services are expected to become more popular. The HPCaaS market is expected to grow as more applications for high-performance computing systems emerge and increasing implementations to detect recurring patterns.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.5% |
These emerging market players have been investing huge amounts of capital in research and development activities and innovation centers in order to expand their production capacities and meet the market’s growing demands. In addition, major market players are extending their share in the global network function virtualization market through mergers and acquisitions, joint ventures, and expansion. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global High Performance Computing as a Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), AWS (United States), Microsoft (United States), Cray (United States), Sabalcore Computing (United States), Google (United States) and Penguin Computing (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Adaptive Computing (United States), Nimbix (United States), Uber Cloud (United States), HPE (United States) and Dell (United States).
Segmentation Overview
AMA Research has segmented the market of Global High Performance Computing as a Service market by , Application (SMEs and Large Enterprise) and Region.
On the basis of geography, the market of High Performance Computing as a Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Vertical, the sub-segment i.e. BFSI will boost the High Performance Computing as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. SaaS will boost the High Performance Computing as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Private Cloud will boost the High Performance Computing as a Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Preference for Hybrid High-Performance Computing (HPC) Solutions
Market Growth Drivers:
Rising Need for High-Efficiency Computing and Diversification and Expansion of the IT Industry
Challenges:
Growing Importance of Storage & Data Management and Continues Power Supply
Restraints:
Huge Investment Initially for Technical and Administrative Maintenance
Opportunities:
High Adoption of HPC Technology by Educational Institutions and Growth Potential in Emerging Countries
Market Leaders and their expansionary development strategies
In Feb 2020, Atos announced the completion of its acquisition of Maven Wave. With this acquisition, Atos reinforces its global leadership in cloud-solutions for applications, data analytics and machine learning in hybrid and multi-cloud platforms.
In Jan 2021, AMAX ’s HPC and AI Solutions Group announced the launch of its NVIDIA A100 GPU Test Drive program for customers to accelerate their most demanding analytics, high-performance computing (HPC), inference, and training workloads with a test drive of AMAX’s AceleMax™ series of NVIDIA GPU-based data center servers., and In Jan 2021, DigiPlex, a Nordic leader for sustainable, innovative, and secure data centers has signed an agreement with Hewlett Packard Enterprise (HPE) to host AI and High-Performance Computing (HPC) technology in its Stockholm data center.
In Jan 2021, Atos announced that it is participating in the French government's initiative in developing the national strategy on quantum technologies. The national quantum strategy offers Atos the opportunity to accelerate its Quantum Learning Machine (Atos QLM) expertise to offer the quantum computing benefits in the NISQ (Noisy Intermediate-Scale Quantum) era.
Key Target Audience
High-Performance Computing as a Service Providers, High-Performance Computing as a Service Developers, Technology Expertise, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.