Cloud High Performance Computing Market Developments and Recent Trends by Forecast to 2023
- ehteshampeerzade
- Sep 29, 2020
- 3 min read
Market Highlights
The market is on track with a CAGR of 21% to garner USD 22 billion in the forecast period. There has been an expeditious technological development that has significantly fueled market growth. Besides, the surging demand for quality performance cloud computing in several sectors is further propelling the market. Moreover, there has been an increment in the availability of cloud-based service providers, which augments the market growth. On the flip side, the data security concerns and management solutions are hindering the growth of the market during the forecast period. The spread of coronavirus has affected market dynamics significantly. We will offer COVID-19 aftermath analysis with the report.
The need to substantially increase the computing capability is adding tor development of cloud high performance computing. Reports that review the healthcare industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects.
Geographical Analysis
The regional study of North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW) has been conducted. As per the analysis, the worldwide market is dominated by North America by acquiring the maximum market share. The region consists of the established players, which propels the North American market. Besides, the easy adoption of advanced technology and the rising dependence on the cloud-based industry has additionally augmented the market. The second position is attained by the APAC region. The development of supercomputing facilities has led to the expansion of the regional market. Also, the growing adoption of cloud-based solutions and technological evolution is further propelling the growth of the cloud high-performance computing market in the APAC region.
The outbreak of COVID-19 has affected several markets of the region.
Key Players
The forefront players of the worldwide cloud high performance computing market are Sabalcore Computing Inc (the U.S.), International Business Machines Corporation (the U.S.), Microsoft Corporation (the U.S.), LLC (the U.S.), Google, Inc (the U.S.), Dell, Amazon Web Services (the U.S.), Penguin Computing (the U.S.), Univa Corporation (the U.S.), Adaptive Computing (the U.S.), Gridcore AB (Sweden), and Hewlett Packard Enterprise (the U.S.). Some of the other established players contributing significantly are Oracle Corporation (the U.S.), Atos SE (France), Silicon Mechanics, Inc (the U.S.), Nvidia Corporation ( R Systems NA, Inc (the U.S.), The MathWorks, Inc (the U.S.), T-Services (Russia), ToutVirtual, Inc (the U.S.), Wolfram Alpha LLC (the U.S.), and few more.
Segmentation:
The segmental study of the cloud high performance computing market share is carried out on the basis of services, component, deployment, industry vertical and region. Based on services, the cloud high performance computing market is segmented into managed services, professional services, and other services. The professional services are additionally segmented into, maintenance & support services, integration and deployment service and consulting service. Based on the component, the cloud high performance computing market is segmented into hardware and software. The hardware segment is sub-segmented into storage, server, and networking devices. The software is additionally sub-segmented into analytics tools and clustering software. By deployment, the cloud high performance computing market is segmented into hybrid and public cloud. By industry vertical, the cloud high-performance computing market is segmented into IT & telecommunication, transportation, banking, and financial services, manufacturing, retail, healthcare, energy & utilities, and others. Based on the region, the cloud high-performance computing market is segmented into Asia Pacific, North America, Europe, and the rest of the world.
Comments