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Market Research Future Insights:
According to MRFR analysis, the global cloud high-performance computing market is expected to register a CAGR of ~16.68% from 2022 to 2030 and hold a value of over USD 16.1933 billion by 2030.
The cloud high-performance computing (HPC) market refers to the use of cloud computing technologies to deliver powerful computing capabilities and resources for performing complex computational tasks. HPC involves the processing of large volumes of data and running resource-intensive applications to solve intricate problems in various domains such as scientific research, engineering, financial modeling, and artificial intelligence. The COVID-19 pandemic has had a significant impact on various industries, including the cloud HPC market. While the pandemic led to economic disruptions and uncertainties, it also accelerated the adoption of cloud technologies and digital transformation across sectors. The demand for cloud HPC solutions witnessed growth as organizations needed scalable and remote computing resources to support their operations and research efforts. Industries such as healthcare, pharmaceuticals, and biotechnology heavily relied on cloud HPC to perform critical tasks such as genomic analysis, drug discovery, and epidemiological modeling.
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Key Players:
Some of the market key players are:
Regional Analysis:
North America has been a dominant region in the cloud HPC market, primarily due to the presence of major cloud service providers, technological advancements, and the early adoption of cloud computing. The United States, in particular, has a strong market for cloud HPC, driven by industries such as healthcare, aerospace, and defense. Europe also holds a significant share in the cloud HPC market. Countries such as the United Kingdom, Germany, and France have been at the forefront of cloud HPC adoption. The Asia Pacific region is experiencing rapid growth in the cloud HPC market. Countries like China, Japan, and India are witnessing increased adoption of cloud HPC solutions, driven by the growth of industries such as manufacturing, healthcare, and energy. Latin America is a developing market for cloud HPC, with countries like Brazil, Mexico, and Argentina showing potential for growth. The Middle East and Africa region is also witnessing steady growth in the cloud HPC market. Countries such as the United Arab Emirates, Saudi Arabia, and South Africa are adopting cloud HPC solutions to support various industries, including oil and gas, healthcare, and research.
Market Segmentation:
The Global cloud high-performance computing e market has been segmented into Components, Deployment, Organization Size and Application Areas.
Based on Components: Solutions, Servers, Storage, Networking Devices, Software, Services, Design and Consulting, Integration and Deployment, Support and Maintenance and Management
Based on Deployment: Cloud and On-premises
Based on Organization Size: Small and Medium-sized Enterprises (SMEs) and Large Enterprises
Based on Application Areas: Government and Defense, BFSI, Education and Research, Manufacturing, Media and entertainment, Healthcare and Life Sciences, Energy and Utilities and Earth Sciences
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Cloud High-Performance Computing Industry Developments:
January (2023): Amazon Web Services (AWS) announced the general availability of its new AWS Graviton3 processors, which are designed specifically for cloud HPC workloads.
February (2023): Microsoft Azure announced the general availability of its new Azure HBv3 series of virtual machines, which are also designed for cloud HPC workloads.
March (2023): Nvidia announced the launch of its new A100 Tensor Core GPUs, which are the most powerful GPUs on the market and are designed for a wide range of HPC workloads, including artificial intelligence (AI) and machine learning (ML).
April (2023): Google Cloud announced the general availability of its new Cloud TPUv4 pods, which are custom-designed machine learning accelerators that can be used for a variety of HPC workloads, including AI and ML.
May (2023): IBM announced the launch of its new Power10 servers, which are designed for a wide range of HPC workloads, including AI and ML.
June (2023): Hewlett Packard Enterprise (HPE) announced the launch of its new GreenLake for HPC cloud service, which is a fully managed HPC service that can be used to run a variety of HPC workloads.
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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
