High Performance Computing as a Service Market Size, Share, Growth Report 2032

According to the report published by Zion Market Research, the global High Performance Computing as a Service market size was valued at USD 6.20 billion in 2022 and is predicted to reach USD 20.15 billion by the end of 2030.

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The market is expected to grow with a CAGR of 16.21% during the forecast period. The report analyzes the global High Performance Computing as a Service market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the High Performance Computing as a Service industry.

Global High Performance Computing as a Service Market: Overview

High-performance computing is a technique of aggregating the computing power in the workstation and desktop to resolve the problems dealing with business, engineering, and science. Discoveries in engineering and science completely depend on organization’s access to high-performance computing tools. High-performance computing as a service facilitates exceptional performance in computing on cloud applications. A supercomputer can be transformed into a reliable and scalable cloud that boosts the accessibility of high-performing resources through SaaS, PaaS, and IaaS abstractions.

Global High Performance Computing as a Service Market: Growth Factors

One of the major factors driving the growth of the global high-performance computing as a service market is the growing demand for high-efficiency computing coupled with the fast proliferation of IT sectors. Also, the advancement in virtualization, continued diversification, and rapidly growing preferences for hybrid high-performance computing solutions are some of the key factors that are also boosting the growth of the global high-performance computing as a service market.

The capability of high-performing computers to process huge amounts of data at high speed is inducing energy companies, defense agencies, and government agencies to adopt high-performance computing as a service solution. The growth in demand can be attributed to the various benefits associated with high-performance computing like the ability to process & calculate complex algorithms, exceptional computation power, and many others.

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The growing popularity of cloud computing along with the digitization incentives further escalate the global high-performance computing as a service market. Such high-performance computing solutions are expected to utilize parallel processing in order to process accurate data at high speed. Parallel processing is done by distributing the program instructions to different processes in order to lower the time taken to run the algorithms.

High-performance computing as a service solution is likely to simplify complex business working procedures drastically. Also, exascale computing is likely to create many lucrative growth opportunities in the field of high-performance computing as a service solution during the forecast period. Exascale computing has the capability to process a billion calculations per second. It also facilitates the simulation and modeling solutions to overcome the underlying challenges of economic competitiveness, security, and scientific discovery. It also resolves the problem of the need for a high-performance bandwidth along with memory capacity to process huge volumes of data effectively.

Global High Performance Computing as a Service Market: Segmentation

The global high-performance computing as a service market can be segmented into component, deployment type, end-user and region.

By component, the market can be segmented into IaaS, PaaS, and SaaS. The platform as a service segment (PaaS) accounts for the largest share in the global high-performance computing as a service market as major software vendors are delivering a cloud-based version of their offerings.

By deployment type, the market can be segmented into public cloud, hosted private cloud, and colocation.

By end-user, the market can be segmented into weather, electronic devices & automation, manufacturing, healthcare & life sciences, BFSI, and others. The healthcare & life sciences segment holds the largest share in the global high-performance computing as a service market due to the significant spike in data storage requirements. Data-intensive applications like data mining, personalized medicine, protein modeling, genomics, and many others need real-time data processing and hence the segment needs high-performance computing as a service solution.

High Performance Computing as a Service Market: Report Scope

Global High Performance Computing as a Service Market: Regional analysis

North America holds the largest share in the global high-performance computing as a service market due to the presence of prominent market players in the region. Also, a large number of organizations in the region are rapidly adopting high-performance computing as a service solution to boost the performance of their business which in turn is propelling the growth of the regional market.

Global High Performance Computing as a Service Market: Competitive Players

Some of the significant players in the global high-performance computing as a service market are:

• The UberCloud
• Sabalcore Computing
• Penguin Computing
• Nimbix, Inc.
• Microsoft Corporation
• International Business Machines Corporation (IBM)
• Hewlett Packard Enterprise Development LP
• Google (Alphabet Inc.)
• Cray Inc.

The global High Performance Computing as a Service Market is segmented as follows:

By Component 

• IaaS 
• PaaS 
• SaaS 

By Deployment type 

• public cloud 
• hosted private cloud 
• colocation

By End-user

• weather 
• electronic devices & automation 
• manufacturing
• healthcare & life sciences
• BFSI
• others
   

Global High Performance Computing as a Service Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.