Major players operating in High Performance Computing as a Service market are Amazon Web Services Inc., Dell Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, Nimbix Inc.
New York, Nov. 29, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report, “High Performance Computing As a Service Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker. com/p06368528/?utm_source=GNW
Penguin Computing, Sabalcore Computing Inc., The UberCloud INC., IDG Communications Inc., Adaptive Computing., Hitachi Ltd., Atos SE, Nvidia Corporation, Rescale Inc., Hadean Supercomputing Ltd., Super Micro Computer Inc., Intel Corporation , and Fujitsu Ltd
The global high-performance computing-as-a-service market is expected to grow from US$8.14 billion in 2021 to US$9.39 billion in 2022 at a compound annual growth rate (CAGR) will grow by 15.4%. The Russia-Ukraine war has, at least in the short term, disrupted the chances of a global economic recovery from the COVID-19 pandemic. The war between these two countries has resulted in economic sanctions against several countries, a surge in commodity prices and supply chain disruptions, affecting many markets around the world. The high-performance computing-as-a-service market is expected to grow to $16.6 billion by 2026 at a CAGR of 15.3%.
The High-Performance Computing-as-a-Service market consists of the sale by companies (organizations, sole proprietorships and partnerships) of high-performance computing services that are used to provide the tools needed to deliver to process enormous amounts of data through existing systems while performing sophisticated calculations and providing customers with high-level processing capacity using the cloud. HPCaaS (High Performance Computing as a Service) refers to the practice of using parallel computing to speed up calculations and perform complicated calculations by pooling computing resources so that even advanced applications can function effectively according to user needs and expectations.
The main components of High Performance Computing as a Service are solutions and services. HPCAAS solutions refer to the solutions used to enable efficient management and workflow customization by supporting in terms of optimal performance, flexible deployment and management of critical components.
The different deployment types include private cloud, public cloud, and hybrid clouds used in various industries such as manufacturing, BFSI, healthcare, government, media and entertainment, and other industries.
North America was the largest region in the High-Performance Computing-as-a-Service market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period.
The regions covered in this High Performance Computing as a Service market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
An increase in data generation is expected to drive the growth of the high-performance computing-as-a-service market. Data generation refers to the generation of data sets that are to be processed further in a database.
High performance computing enables the user to quickly process massive amounts of generated data, resulting in faster insights and the ability to stay ahead of the competition. For example, according to a report released in April 2019 by the World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, it is projected that by the year 2025 there will be 463 exabytes of data, the equivalent of 212.77 million DVDs per Tag, expected to be generated globally each day. Hence, an increase in data generation is driving the growth of the high-performance computing-as-a-service market.
Technological advances are a major trend gaining popularity in the high-performance computing-as-a-service market. Large companies operating in the high-performance computing-as-a-service market are adopting new technologies like SpeedCloud to assert their position in high-performance computing as a service market.
For example, NxtGen, an India-based technology company providing data center and cloud-based services, launched SpeedCloud High-Performance Computing as a Service (HPCaaS) in July 2021 to broaden the adoption of high-performance computing in enterprise, research, and government organizations to enable mainstream accessibility. Leveraging modern and advanced CPUs, GPUs and low-latency networks, SpeedCloud HPC-aaS helps its users perform large calculations in minutes and offers a lower total cost of ownership.
This launch represents another step forward for NxtGen’s product portfolio.
In September 2019, Hewlett Packard Enterprise (HPE), a US-based provider of intelligent solutions and cloud-based services, acquired leading supercomputing provider Cray Inc for $1.4 billion. This agreement consists of expanding an industry-leading portfolio of HPE in fast-growing HPC and AI market segments and strengthening the strategy to address customers’ most data-intensive challenges. On HPE GreenLake, HPE will integrate Cray’s supercomputing technology into its product portfolio and develop HPC-as-a-Service and cloud services for artificial intelligence and machine learning. Cray, Inc. is a US-based company that designs, manufactures, markets, and services high-performance computing systems, or supercomputers.
The countries covered in the High Performance Computing as a Service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and the US.
The High Performance Computing as a Service market research report is one of a series of new reports that provide High Performance Computing as a Service market statistics, including global High Performance Computing as a Service industry market size, regional shares, and competitors with High Performance Computing as a Service market share, detailed High Performance Computing as a Service market segments, market trends and opportunities plus any other data you might need to plan a success at the High Performance Computing as a Service industry. This High Performance Computing as a Service market research report provides a complete overview of everything you need with an in-depth analysis of the current and future state of the industry.
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