Significant insights of High Performance Computing (HPC) Market 2023 — Analysis & Forecast (Billion $ Market)
October 16, 2019 by Market-NewsFlash
Due to technological advancement, high-performance computing as a service is being considered a necessity for enterprises in order to obtain meaningful insights from a huge amount of unstructured as well as structured data. Market Research Future (MRFR) has published a research report on the global high-performance computing as a service market that sees hike for this market at 12.8% CAGR (Compound Annual Growth Rate) between 2017 and 2023. By value, the market has been figured to be worth the US $ 9.50 bn by the end of the forecast period.
High-performance computing as a service is a necessity for enterprises to obtain meaningful insights from a huge amount of unstructured and structured data. High performance computing allows solving complex, scientific calculations, and analytics for making effective business decisions. One of the major factors the growth of high performance computing as a service is the increasing big data, and cloud computing analysis.
The key players in the high-performance computing as a service market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are — Amazon Web Services (US), IBM Corporation (US), Microsoft Corporation (US), Oracle Corporation (US), Penguin Computing (US), Sabalcore Computing Inc (US), Adaptive Computing Enterprises Inc (US), Nimbix Inc (US), Google LLC (US), Dell Inc (US). These players contribute a major proportion towards market growth.
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Apart from the top key players, the other players contribute nearly 30–35 % in the high-performance computing as a service market. These include Silicon Mechanics Inc (US), Atos SE (France), Nvidia Corporation (US), R Systems NA Inc (US), The MathWorks Inc (US), ToutVirtual Inc (US), T-Services (Russia), Wolfram Alpha LLC (US), Fujitsu Ltd (Japan), Intel Corporation (US), Advanced Micro Devices Inc (US), Cisco Systems Inc (US), Hitachi Ltd (Japan), Huawei Technologies Co Ltd (China), Rescale Inc (US), Alibaba Cloud (China), and others.
Europe is the second largest regional market due to majority reasons being the same as those in North America. The most relevant country-specific markets in this region are Germany, France, Spain, Italy, and the UK.
Asia Pacific region can be the fastest growing regional market during the forecast period due to growth in the semiconductor industry, and digital infrastructure. The major country-specific markets in this region are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.
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