What is Business HPC Cloud Market?
High performance computing (HPC) clouds are becoming an alternative to on-premise clusters for executing scientific applications and business analytics services. HPC cloud refers to the use of cloud resources to run HPC applications. Most research efforts in HPC cloud aim to understand the cost benefit of moving resource-intensive applications from on-premise environments to public cloud platforms. Companies are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Highlights from Business HPC Cloud Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft Corporation (United States), Alibaba (China), Dell Technologies (United States), Intel (United States), IBM (United States), PARATERA (China), Amazon Web Services, Inc. (United States), Atos (France), DataDirect Networks (United States), Rescale (United States), Tencent (China), Advanced HPC (United States), Penguin Computing (United States), Google (United States), Huawei (China) and Oracle (United States) |
The companies operating in this industry are focusing on efficient growth, improvement of operational efficiency and productivity, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet high market share, and develop socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, product enhancements Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Business HPC Cloud market throughout the forecasted period.
Microsoft Corporation (United States), Alibaba (China), Dell Technologies (United States), Intel (United States), IBM (United States), PARATERA (China), Amazon Web Services, Inc. (United States), Atos (France), DataDirect Networks (United States), Rescale (United States), Tencent (China), Advanced HPC (United States), Penguin Computing (United States), Google (United States), Huawei (China) and Oracle (United States) are some of the key players profiled in the study. Business HPC Cloud Market Segmentation:
Scope | Sub-Segments |
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Application / End User | BFSI, Information Technology, Government, Healthcare, Retail, Energy & Utilities, Manufacturing and Others |
Type | Public Clouds, Private Clouds and Hybrid Clouds |
On the basis of geography, the market of Business HPC Cloud 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Business HPC Cloud and Growing Trend of HPC Applications Tend to Require more Computing Power than Cloud Services
Market Growth Drivers:
High Performance Computing Clouds are Becoming an Alternative to on-premise Clusters for Executing business analytics services and HPC is Crucial to Organizations Across Industries, Making it Possible to Drive Innovation and Revenue
Challenges:
Cloud-based Services Enable Innovation Without Constraints by Delivering Faster Results and Improved Flexibility
Restraints:
Some Organizations Remain Hesitant to Move their HPC Workloads to the Cloud Can Hamper the Growth
Opportunities:
Demand AWS gives Organizations the Power to Create HPC Clusters and Increasing Innovation in Business HPC Cloud By the Key Players
Key Target Audience
Business Cloud Storage Providers, Government Regulatory Bodies, Government Research Organization, Private Research Organization and Others
Market Leaders & Development Strategies
On 21st Jan 2021, Hewlett Packard Enterprise (HPE) has acquired open source artificial intelligence (AI) startup Determined AI. Determined AI will be brought into HPE’s high-performance computing (HPC) and mission-critical solutions (MCS) business unit, and the deal will see the startup's technology combined HPE’s AI and HPC offerings.
On 9th Dec 2020, HPE is launching HPE GreenLake cloud services for HPC, which will provide HPC systems through a cloud, pay-per-use model. Keith White, chief of HPE's GreenLake Cloud Services, said HPC is garnering enterprise interest because "companies need help with workloads that can transform business."