Dallas, Texas, Sept. 12, 2022 (GLOBE NEWSWIRE) — At a projected CAGR of 12.9%, High Performance Computing as a Service Market It is expected to grow from US$5.9 billion in 2019 to US$21.52 billion by 2029. The introduction of new products and services, access to better technology, and lower capital costs have all contributed to the growth of HPC as a service market.
The global high-performance computing as a services market is expected to grow with high demand for services in the media and entertainment industry. This is due to the benefits of such services, such as rapid discovery, increased productivity, flexible architecture, rich ecosystem of solutions, and secure collaboration.
One of the key aspects expected to spur the growth of high-performance computing as a global service market during the forecast period is the increasing acceptance of cloud-based services across various industries. This adoption leverages the demand for rapid processing and data streaming. High Performance Computing as a Service will drive the growth of the target market in cloud-based organizations worldwide as it offers capabilities such as AI, parallel processing, machine learning, supercomputing and scalability for high throughput. important element above.
However, the global high-performance computing as a service market is likely to be constrained by the growing importance of storage and data management, as well as continuous power supply. Additionally, the high-performance computing-as-a-service market is constrained by increasing software barriers. However, many educational institutions have implemented high-performance computer technology based primarily on services, creating abundant profitable growth potential over the expected period.
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High Performance Computing as a Service (HPCaaS) Market Scope:
| index | detail |
| study period | 2019-2029 |
| Market size in 2031 | US$21.52 billion |
| Target segment | type, use, region |
| By type covered | BFSI, Healthcare and Life Sciences, Manufacturing |
| Target application | Colocation, hosted private cloud, public cloud |
| Target area | North America, Europe, Asia Pacific, Middle East & Africa, South America |
| Key Player Profiles | Amazon Web Services, Inc. (US), Microsoft (US), IBM (US), Hewlett Packard Enterprise Development LP (India), IDG Communications, Inc. (US), Sabalcore Computing, Inc. (US), Google LLC ( USA), Penguin Computing (USA) |
Healthcare and life sciences segment is expected to grow at the fastest CAGR throughout the forecast period. Future data storage requirements are projected to grow in parallel with the number of life science applications. HPC as a service market is driven by applications that require real-time data processing such as customized medicine, protein modeling, genomics and data mining. The Asia-Pacific market for high-performance computing as a service is expected to dominate the global industry and contribute to significant revenue growth. The market for high-performance computing as a service in the Asia-Pacific region is primarily driven by the growing acceptance of cloud services and expansion of cloud-based businesses in countries such as Japan, China, and India.
One of the major factors expected to drive the growth of the global High Performance Computing as a Service market is the rising awareness of High Performance Computing as a Service with low investment costs and an alternative to on-premises cluster solutions. Various options for node size, configuration, and graphics processing unit (GPU).
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For example, in 2018 Penguin Computing (US) released Scyld ClusterWare 11. This is a new software suite that provides his HPC environment software such as web-based access, MPI implementation and scheduler. End users can get help from Penguin Computing Services in designing, optimizing, managing, and securing their cluster environment.
Additionally, the Google Cloud Platform (GCP) relationship was announced in 2018 by US-based Adaptive Computing Enterprises, Inc. The partnership is said to demonstrate cloudbursting on GCP and enable his HPC in the cloud with the help of the company’s NODUS cloudbursting solution. base use case.
Main points of the table of contents:
1.First of all
2. Survey method
3. Market Outlook
4. HPC as a Service (HPCaaS) Market by Type, 2022-2029 (USD Billion)
5. HPC as a Service (HPCaaS) Market by Application, 2022-2029 (USD Billion)
6. HPC as a Service (HPCaaS) Market, 2022-2029 (USD Billion)
7. Competitive environment
8. Company profile
9. Appendix
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