In a recent published report, Kenneth Research has updated the market report for High-Performance Computing as a Service Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for High-Performance Computing as a Service Market products.
Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
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The rising amount of data collected from different end-users increases, the need for complex computational power. Big data, cloud computing, and blockchain technologies require a highly complex computational processor, better RAM management, and efficient cooling systems. High performance computing is a prime solution for efficient computing. This is also termed as a combination of various computer programs, computer archuitecture, algorithms, and application software.
The Final Report will cover the impact analysis of COVID-19 on this industry:
However, integrating high performance computing tends to be costlier for small and medium enterprises, and it sometimes turn out to incur high switching cost for large enterprises. Although, high performance computing operates on series or a network of several central processing units, high performance comuting as a service eliminates the need of deploying any network or physical hardware in the enterprise premise. It is usually depluyed on a public or a private cloud, and are capable of executing a high number of high-performance sofgtware and programs.
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In recent years, its has been witnessed that the companies providfing high performance computing services have seen a tremendous growth in adoption of cloud for high-performance computing. Cloud deployment offers various benfits to the enterprises by providing a flexible pricing. One of the widely used pricing model of high-performance computing as a service enables payment on usage model. This is one of the factors helping drive the high performance computing as a service market.
Segmentation
The global high-performance computing as a service market is segmented into component, organization size, deployment, verticals, and region.By component, the market is segmented into platform, and services. services are further segmented into consulting service, integration service, and maintenance and support services.By organization size, the market is segmented into large enterprises, and small and medium enterprises.
By deployment, the market is segmented into public cloud, private cloud, and hybrid cloud.By vertical, the market is segmented into retail and e-commerce, healthcare, manufacturing, and BFSI.By region, the high-performance computing as a service market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Regional analysis
The global market for high-performance computing as a service is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of high-performance computing as a service market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
North America is the leader in adoption and utilization of high-performance computing as a service. One of the major factors behind this growth is the rich concentration of high-performance computing vendors providing cloud services. companies like IBM, HPE, Dell, and Oracle are among the leading and preferred vendors of high-performance computing as a service. Moreover, the advancement in development of supercomputing facilities drive the market growth in North America, US being a leading country, whereas Canada is estimated to witness a higher growth rate.
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Key Players
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.
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.
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Intended Audience
HPC vendors
System integrators
Consultancy and advisory firms
Data integration service providers
Managed service providers
Government Agencies
Network Solution Providers
Independent Software Vendors
Consulting Firms
System Integrators
Research Institutes and Organizations
Technology Standards Organizations
Application Developers
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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