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High-Performance Computing as a Service Market Size Worth $17.0 billion by 2026 | CAGR 13.3%


iCrowdNewswire   May 26, 2020  1:28 PM ET

The Global High-Performance Computing as a Service Market is estimated to grow at a CAGR of 13.3% during the forecast period 2019-2026. The market research study presents that the high-performance computing as a service industry accounted $6.28 billion in the year 2018 and is estimated to reach $17.00 billion by the end of the year 2026.

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The high-performance computing as a service industry is driven by various growth factors such as increase in government initiatives related to computing services, rise in demand for efficient and high-speed computation & storage safety and increasing demand for flexible computing services. Whereas, high cost of HPC services will act a growth hindering factor of the global high-performance computing as a service industry. On the contrary, the high penetration of cloud in economies is expected to offer opportunities for the market players in the forecast period.

Segmentation Overview of the Global High-Performance Computing as a Service Market

The global high-performance computing as a service market is segmented on the basis of various market segments that include component, deployment type and industry vertical. These segments are further categorized into various sub-segments to study the market in detail considering various factors and geographical conditions.

The Component Segment of the Global High-Performance Computing as a Service Market is Sub-Segmented into:

The Deployment Type Segment of the Global High-Performance Computing as a Service Market is Sub-Segmented into:

The Industry Vertical Segment of the Global High-Performance Computing as a Service Market is Sub-Segmented into:

Geographical Overview of the Global High-Performance Computing as a Service Market

The global high-performance computing as a service market is segmented on the basis of various geographical regions, such as:

As per the regional study, the North America high-performance computing as a service market hold the largest market share in the year 2019 ad accounted ~2/5th of the market share in the global marketplace. The regional growth is attributed to increasing demand for engineering and scientific progress and ongoing research in computer science and nano-scale materials science field. However, the Asia-Pacific high-performance computing as a service market is estimated to witness a fastest growth rate with highest CAGR of 18.3% throughout the forecast period 2019-2026. The regional growth is attributed to increasing adoption and demand for smartphones in the region and increasing adoption of Artificial Intelligence (AI) and machine learning among organizations.

Market Competition Insights

Sabalcore Computing, The UberCloud, Nimbix Inc., Penguin Computing,International Business Machines Corporation (IBM), Microsoft Corporation, Google (Alphabet Inc.), Dell, Hewlett Packard Enterprise Development LP and Cray Inc. are some major key players included in the research study of the global high-performance computing as a service market. The market players are adopting various competitive strategies to withhold the large market share in the global high-performance computing as a service market.

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Keywords:    High-Performance Computing as a Service Market, High-Performance Computing as a Service Market Size

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