High-performance computing is the ability of a computer to perform complex calculations and process data at a faster speed. HPC systems comprises network of nodes;each of them individually contains its own memory with one or more processing chips. In addition, high-performance computing services are mainly offered throughHPC architectural framework that is assembled with computer servers, which are integrated together into a supercomputer cluster. Moreover, algorithms and in-built software programs run concurrently on these computer servers to store data in the cluster. In addition, to complete a diverse set of tasks, these components operate seamlessly by collaborating together.
Factors such as increase in need for flexible computing services among large as well as small & medium enterprises is the key factor that drives the growth of the high-performance computing as a service industry. In addition, increase in need for efficient computation and high-speed storage are expected to boost the market growth. Moreover, increase in government initiatives is one of the key factors that fuels the demand for HPC services globally. However, high cost of high-performance computing services is expected to impede the market growth during the forecast period. Furthermore, high proliferation of cloud in emerging economies is further expected to provide major growth opportunities for the market in the upcoming years.
The global high-performance computing as a service market is segmented on the basis of component, deployment type, industry vertical, and region. By component, the market is bifurcated into solutions and services. By deployment type, the market is divided into private cloud, public cloud, and hybrid cloud. By industry vertical, the market is classified into manufacturing, BFSI, healthcare, government, media &entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market. These include Cray Inc., Dell, Google (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation (IBM), Microsoft Corporation, Nimbix, Inc., Penguin Computing, Sabalcore Computing, and The UberCloud.
KEY BENEFITS
KEY MARKET SEGMENTS
By Component
By DEPLOYMENT TYPE
By Industry Vertical
By Region
KEY MARKET PLAYERS PROFILED IN THE REPORT
Factors such as increase in need for flexible computing services among large as well as small & medium enterprises is the key factor that drives the growth of the high-performance computing as a service industry. In addition, increase in need for efficient computation and high-speed storage are expected to boost the market growth. Moreover, increase in government initiatives is one of the key factors that fuels the demand for HPC services globally. However, high cost of high-performance computing services is expected to impede the market growth during the forecast period. Furthermore, high proliferation of cloud in emerging economies is further expected to provide major growth opportunities for the market in the upcoming years.
The global high-performance computing as a service market is segmented on the basis of component, deployment type, industry vertical, and region. By component, the market is bifurcated into solutions and services. By deployment type, the market is divided into private cloud, public cloud, and hybrid cloud. By industry vertical, the market is classified into manufacturing, BFSI, healthcare, government, media &entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market. These include Cray Inc., Dell, Google (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation (IBM), Microsoft Corporation, Nimbix, Inc., Penguin Computing, Sabalcore Computing, and The UberCloud.
KEY BENEFITS
- The report provides an in-depth analysis of the global high-performance computing as a service market, outlining current trends, key driving factors, and potential areas for product investments.
- Key players are analyzed with respect to their primary offerings, recent investments, and future development strategies.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global high-performance computing as a service market from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS
By Component
- Solutions
- Services
By DEPLOYMENT TYPE
- Private Cloud
- Public Cloud
- Hybrid Cloud
By Industry Vertical
- Manufacturing
- BFSI
- Healthcare
- Government
- Media &Entertainment
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
- Cray Inc.
- Dell
- Google (Alphabet Inc.)
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Nimbix, Inc.
- Penguin Computing
- Sabalcore Computing
- The UberCloud
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HIGH-PERFORMANCE COMPUTING AS A SERVICE MARKET, BY COMPONENT
CHAPTER 5: SMART SPACE MARKET, BY DEPLOYMENT TYPE
CHAPTER 6: HIGH-PERFORMANCE COMPUTING AS A SERVICE MARKET, BY INDUSTRY VERTICAL
CHAPTER 7: GLOBAL HIGH-PERFORMANCE COMPUTING AS A SERVICE MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILE
Executive Summary
According to the report titled, 'High-Performance Computing as a Service Market by Component, Deployment Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2026,' the global HPC as a service market size was valued at $6.28 billion in 2018, and is projected to reach $17.00 billion by 2026, registering a CAGR of 13.3% from 2019 to 2026.High-performance computing is mainly associated with supercomputers that can perform quadrillions of calculations per second. The computation of complex solutions involves completion of more than one task, which requires over thousands of computing nodes to work in parallel. High-performance computing as a service enables the execution of high-performance computing applications over cloud, which enables on-demand access to HPC components.
The evolution of technologies, such as 3D imaging, Artificial Intelligence (AI), Internet of Things (IoT), and the volume of data organizations analyzed boosts the HPC as a service market growth. In addition, the adoption of high-performance computing as a service is on an increase due to its capability to process data in real-time to analyze stock trends, test new products, and stream live sports events. Moreover, the increase in initiatives taken by governments for digitization is expected to impact positively on the growth of the high-performance computing as a service market globally. Furthermore, high proliferation of cloud in emerging economies is also anticipated to be a major HPC as a service market opportunity.
By component, the solutions segment garnered major HPC as a service market share in 2018 and is expected to remain dominant during the forecast period. The growth of this segment is mainly attributed to the increase in need to process complex computations processes. Also, to enable efficient management and customization of workflow, the optimal performance, flexible deployment, and management of key components becomes necessary. Thus, such factors fuel the demand for HPC solutions. On the contrary, the services segment is anticipated to garner the highest growth rate during the forecast period.
In terms of deployment type, the public cloud segment dominated the global high-performance computing as a service market in 2018 and is expected to remain dominant during the forecast period. The growth of this segment is mainly attributed to the availability of timely upgrades and quick access to the data in real-time.
On the basis of industry vertical, the BFSI segment dominated the global HPC as a service market in 2018 and is expected to generate highest revenue during the forecast period. The growth of this segment is mainly attributed to the increase in need to do complex calculations for securities pricing, risk management, portfolio optimization, and others using numerical methods.
By region, North America dominated the globalHPC as a service market in 2018 and is expected to remain dominant during the forecast period due to presence of major market players and on-going developments in high-performance computing technology. Also, rise in demand for engineering and scientific progress boosts the market demand for HPC services in this region. Furthermore, Asia-Pacific is expected to exhibit highest growth rate during the forecast period. The growth of this segment is mainly attributed to increase in adoption of machine learning &artificial intelligence (AI) among organizations, and increase in IT spending by the various governments in this region.
According to Rachita Rake, Research Analyst, ICT, “According to the HPC as a service market analysis in Asia-Pacific, the market is projected to generate the highest growth rate during the forecast period, owing to increase in IT spending by the various governments in this region. In addition, rise in adoption of machine learning and artificial intelligence (AI) among organizations also fuel the market growth in the Asia-Pacific region”
KEY FINDINGS OF THE STUDY
- By deployment type, the public cloud segment dominated the global HPC as a service market in 2018 and is expected to generate highest revenue during the forecast period.
- On the basis of industry vertical, the BFSI segment dominated the global HPC as a service industry in 2018 and is expected to generate highest revenue during the forecast period. On the contrary, the healthcare segment is anticipated to garner the highest growth rate during the forecast period.
Some of the key HPC as a service market players profiled in the report include Cray Inc., Dell, Google (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation (IBM), Microsoft Corporation, Nimbix, Inc., Penguin Computing, Sabalcore Computing, and The UberCloud.
Companies Mentioned
- Cray Inc.
- Dell
- Google (Alphabet Inc.)
- Hewlett Packard Enterprise Development LP
- International Business Machines Corporation (IBM)
- Microsoft Corporation
- Nimbix Inc.
- Penguin Computing
- Sabalcore Computing
- The UberCloud.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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