Cloud High Performance Computing Market Scope
HPC is a sort of cloud computing solution that combines cloud computing standards, methods, and components. HPC is a term that refers to approaches for attaining supercomputing-like processing speeds from a cloud computing infrastructure. For large-scale investigations, scientific computing frequently necessitates the availability of a large number of computers. High-performance computing solutions and established facilities, such as clusters and supercomputers, have traditionally been used to meet these demands, but they are complex to set up, maintain, and run. Cloud computing allows scientists to use computer resources in a fundamentally different way. On a pay-per-use basis, compute resources, storage resources, and applications may be dynamically provided (and integrated inside the current infrastructure). Storage, hardware, and application software may all be part of the total solution, which will be provided on demand through the cloud.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Advanced Micro Devices, Inc. (United States), Intel Corporation (United States), Hewlett Packard Enterprise (United States), IBM Corporation (United States), Dell (United States), Lenovo (Beijing) Limited (China), Fujitsu Limited (Japan) and Altos Inc. (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United Kingdom Players will contribute to the maximum growth of Global Cloud High Performance Computing market throughout the predicted period.
Advanced Micro Devices, Inc. (United States), Intel Corporation (United States), Hewlett Packard Enterprise (United States), IBM Corporation (United States), Dell (United States), Lenovo (Beijing) Limited (China), Fujitsu Limited (Japan) and Altos Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sugon (China), Amazon Web Services, Inc. (United States), Dassault Systems SE (France), Cisco Systems, Inc. (United States) and NVIDIA Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cloud High Performance Computing market by Type and Region with country level break-up.
On the basis of geography, the market of Cloud High Performance Computing 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, Amazon Web Services (AWS) and NVIDIA joined forces to offer NVIDIA's A100 Tensor Core GPUs on AWS, providing developers and researchers with access to cutting-edge computing power for AI and deep learning workloads.
In October 2023, Amazon Braket Quantum HPC Service expanded capabilities for hybrid quantum-classical computing. This integration allows researchers and scientists to combine the power of Amazon Braket's quantum computers with traditional HPC resources on AWS for complex simulations and problem-solving.
Influencing Trend:
Growing Applications Across Genomics Research
Market Growth Drivers:
Increasing Demand for Efficient Computing, Enhanced Scalability, And Reliable Storage and Rising Adoption of Cloud Computing Systems
Challenges:
Lack of Expertise and Complex Mechanism
Restraints:
Data Security Concerns and High Initial Costs for Commercial HPC Clusters
Opportunities:
High Investment in Cloud IT Infrastructure and Increasing Focus on Hybrid HPC Solutions
Key Target Audience
Cloud High Performance Computing Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others