The cloud high-performance computing (HPC) market is expected to register a CAGR of 11.1% during 2023–2031. Increasing focus on hybrid cloud HPC solutions is likely to remain a key trend in the market.
Cloud High-Performance Computing (HPC) Market Analysis
- The cloud high-performance computing (HPC) market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The cloud high-performance computing (HPC) market is growing owing to factors such as increased demand for accurate, fast, and scalable data processing combined with a growing requirement for efficient computing, scalable systems, and dependable storage.
- Moreover, increasing demand for HPC in various sectors such as finance, medical research, and smart cities development will further drive the cloud high performance computing (HPC) market growth.
- Rising investments in data centers provide lucrative opportunities for the cloud high-performance computing (HPC) market.
Cloud High-Performance Computing (HPC) Market Overview
- High Performance Computing (HPC) is the practice of aggregating computing resources to gain performance greater than traditional computers and servers.
- HPC helps companies and researchers solve problems that are either too large for standard computers to handle individually or too long to process.
- It processes huge volumes of data at very high speeds using multiple computers and storage devices.
- HPC in the cloud accelerates testing and decreases time to market, as well as solves complex and performance intensive problems.
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Cloud High-Performance Computing (HPC) Market Drivers and Opportunities
Increasing Demand For High-Performance Computing (HPC) in Various Sectors to Favor Market
- The surge in data consumption and cloud demand following the pandemic, driven by enterprises transitioning to remote work and migrating workloads to the cloud, has bolstered the demand for HPC solutions.
- The finance sector involves a large amount of time-sensitive data analysis, leading to increasing demand for HPC in the development of new models to allow the rapid operation of alternative valuation in quick response to fluctuating market conditions.
- In medical research, the ability to process large amounts of data in an agile manner is increasing growth, with challenges associated with slow and inefficient data processing. This trend can accelerate the recovery of the post-COVID medical industry.
- Furthermore, the development of smart cities is also a driving force for the growth of the market, as a wide variety of applications ranging from computer-aided design and engineering to autonomous driving and production optimization, predictive maintenance, drug discovery, precision medicine and IoT utilize HPC solutions.
Rising Investment in Data Centers
- Rapid growth in data centers that is being driven by SMEs and organizations investing in data center and colocation space to support the growing demand for public cloud services is set to significantly drive market growth in the HPC sector.
- This surge in data center investment is expected to bolster the demand for HPC systems to process humongous volumes of data at high speeds and with great accuracy.
Cloud High-Performance Computing (HPC) Market Report Segmentation Analysis
Key segments that contributed to the derivation of the cloud high-performance computing (HPC) market analysis are deployment, organization size, and end user.
- By deployment, the market is bifurcated into public cloud, private cloud, and hybrid cloud.
- By organization size, the market is bifurcated into small and medium businesses (SMBs) and large enterprises.
- By end user, the market is bifurcated into education & research, BFSI, government, manufacturing, media & entertainment, healthcare & life sciences, and others.
Cloud High-Performance Computing (HPC) Market Share Analysis by Geography
- Cloud high-performance computing (HPC) market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering cloud high-performance computing (HPC) market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the cloud high-performance computing (HPC) market in these regions.
Cloud High-Performance Computing (HPC) Cloud High Performance Computing (HPC) Market Regional Insights
The regional trends and factors influencing the Cloud High Performance Computing (HPC) Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Cloud High Performance Computing (HPC) Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Cloud High Performance Computing (HPC) Market
Cloud High Performance Computing (HPC) Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2023 - 2031) | 11.1% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Deployment
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Cloud High Performance Computing (HPC) Market Players Density: Understanding Its Impact on Business Dynamics
The Cloud High Performance Computing (HPC) Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Cloud High Performance Computing (HPC) Market are:
- Atos SE
- Advanced Micro Devices
- Inc. (AMD)
- Cray Research, Inc.
- Cisco Systems, Inc.
- Dell Technologies, Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Cloud High Performance Computing (HPC) Market top key players overview
Cloud High-Performance Computing (HPC) Market News and Recent Developments
The cloud high-performance computing (HPC) market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the cloud high-performance computing (HPC) market are listed below:
- HCLTech has expanded its collaboration with Microsoft to provide high-performance computing (HPC) solutions for clients in various industries. The solutions will incorporate HCLTech's expertise in advanced engineering services and Microsoft's Azure cloud HPC technologies. The collaboration will focus on providing clients access to HPC resources, including core infrastructure, advanced analytics, machine learning and simulations. (Source: HCLTech, Press Releases, July 2023)
- The School of Informatics and Cybersecurity announced the establishment and launch of the High Performance Computing (HPC) Nexus Laboratory in TU Dublin. The HPC Nexus Laboratory will be a dedicated center for High Performance Computing (HPC) research. The lab hosts a community of enthusiastic graduate students and affiliated academic and Industry officials dedicated to advancing HPC research and technology. (Source: TU Dublin, Newsroom, June 2024)
Cloud High-Performance Computing (HPC) Market Report Coverage and Deliverables
The “Cloud High Performance Computing (HPC) Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Cloud high-performance computing (HPC) market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cloud high-performance computing (HPC) market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Cloud high-performance computing (HPC) market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the cloud high-performance computing (HPC) market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The global cloud high-performance computing (HPC) market is expected to grow at a CAGR of 11.1% during the forecast period 2024 - 2031.
Increased demand for accurate, fast, and scalable data processing, growing requirement for efficient computing, scalable systems, and dependable storage, and increasing demand for HPC in various sectors such as finance, medical research, and smart city development are the major factors driving the cloud high-performance computing (HPC) market.
Increasing focus on hybrid cloud HPC solutions is anticipated to play a significant role in the global cloud high-performance computing (HPC) market in the coming years.
The leading players operating in the cloud high-performance computing (HPC) market are Atos SE; Advanced Micro Devices; Inc. (AMD); Cray Research, Inc.; Cisco Systems, Inc.; Dell Technologies, Inc.; Fujitsu Limited; Hewlett Packard, Inc. (HP); Intel Corporation; International Business Machines Corporation (IBM); and Silicon Graphics International Corp.
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The List of Companies
1. Amazon Web Services, Inc.
2. Dell
3. Hewlett Packard Enterprise Development LP
4. IBM
5. Intel Corporation
6. Microsoft
7. NVIDIA Corporation
8. Oracle
9. Penguin Computing
10. Sabalcore Computing, Inc.