The report "Cloud High Performance Computing (HPC) Market by Service Type (HPC IAAS, HPC PAAS, Data Organization and Workload Management, Clustering Software and Analytics Tool, Professional Service and Managed Service) - Global Forecast to 2020", The cloud HPC market size is estimated to grow from USD 4.37 Billion in 2015 to USD 10.83 Billion by 2020, at an estimated compound annual growth rate (CAGR) of 19.9% from 2015 to 2020. Cloud HPC enables the enterprises to achieve rapid scalability for mission critical applications. The services are faster and easy to deploy and require less capital and operating environment enabling the enterprises to focus on their core business activities.
Browse 69 market data tables with 39 figures across 119 pages and in-depth TOC on “Cloud High Performance Computing (HPC) Market - Global Forecast to 2020"
Early buyers will receive 10% customization on reports.
Complex applications management is a major growth driver of cloud HPC market
The major factors driving the growth of cloud HPC market are - complex applications management, emergence of big data market, and adoption of pay-as-you-go model. High performance computing involves the computation of complex applications such as ultra-high definition workflows, electronic design automatic simulations, financial quantitative analysis, seismic analysis, and genome analysis that are related to weather forecasting, climate change, and space exploration. Cloud HPC assists in the computation of these complex applications by offering an advanced computing environment. Furthermore, with the benefits of pay-as-you-go model adoption, both SMBs and large enterprises are willing to spend more on cloud HPC.
Managed Service type to play a key role in the cloud HPC market
The report defines and segments the global cloud HPC market on the basis of service types, deployment models, organization sizes, end users, and regions and provides an in-depth analysis and market size estimations. The HPC Infrastructure as a Service (IaaS) type is expected to contribute the largest market share whereas managed service will play a key role in changing the cloud HPC landscape during the forecast period with the high growth rate.
Government and academia and research contributes maximum market share among the end users from 2015 to 2020 in the cloud HPC market
The government and academia and research end user are expected to contribute the highest market share in the cloud HPC market. End users such as media, entertainment and online gaming, design and engineering, and weather and environment will be the major growing end users during the forecast period.
The report also covers the total cloud HPC marekt by geography comprising North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. North America is expected to have the largest market share, however APAC will grow with the highest CAGR from 2015 to 2020. The major vendors in the cloud HPC market include IBM Corporation, Microsoft Corporation, Google, Dell, Amazon Web Services, Penguin Computing, Sabalcore Computing, Adaptive Computing, and others.
The scope of the report covers detailed information regarding the major factors influencing the growth of the cloud HPC market comprising drivers, restraints, challenges, and opportunities. A detailed analysis of key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, mergers and acquisitions, partnerships, agreements, collaborations, and recent developments associated with the cloud HPC market.
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Email: [email protected]
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE