Global High Performance Computing as a Service Market: Overview
High-performance computing (HPC) is an aggregate computing system, which delivers high-performance capabilities for handling problems in science, business, and engineering fields. HPC involves several servers and micro-servers which conducts computational and data exhaustive tasks. HPC has the link to the economic keenness and several scientific improvements. In addition, it is an important part of the nation’s development.
The high-performance computing as a service market report from Transparency market research offers insights on the market dynamics. The report briefs factors such as drivers, opportunities, trends, and restrains. The high-performance computing as a service market report represents an extensive outlook of the key players such as Porter’s five forces and SWOT analysis. Also, it provides the information such as merger and acquisition (M&A), research & development (R&D), and investment and profit analysis of the key players dominating the high-performance computing as a service market.
Global High-Performance Computing as a Service Market: Drivers and Restraints
High-performance computing as a service requires huge investment initially for technical and administrative maintenance. Growing development in the Infrastructure as a Service (IaaS), the scientists are running their high-performance computing applications on cloud, which lowers the initial investment related with the adoption of traditional high-performance computing infrastructure.
The aforementioned factors are witnessing high adoption of the high-performance computing application and availability of these applications as a service is further propelling adoption of the high-performance computing as a service market.
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However, the growing importance of storage & data management and continues power supply is hampering its adoption and likely to restrain the growth of high-performance computing as a service market. Moreover, growing software hurdles in high-performance computing are restraining growth of the high-performance computing as a service market.
Nonetheless, numerous educational institutions are adopting high-performance computing technology mainly based on the services, which are leading to offer numerous lucrative opportunities for growth over the forecast period.
Global High-Performance Computing as a Service Market: Geographical Analysis
Based on geography, the high-performance computing as a service market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Of these, Asia Pacific is expected to be the dominant region and to be dominant over the forecast period. This growth is attributable to the presence of China and the growing development of supercomputing capabilities. However, North America is expected to account for second largest share owing to the presence of larger companies in the region.
Global High-Performance Computing as a Service Market: Companies Mentioned
Some of the key players operating in the high-performance computing as a service market are IBM, Microsoft, AWS, Cray, Google, Nimbix, Penguin Computing, Sabalcore Computing, Adaptive Computing, Uber Cloud, and Dell. These companies are primarily focusing on the development of cloud-based products for enhancing their services.