Cloud High Performance Computing (HPC) Market

The cloud high performance computing (HPC) market size was USD 4.5 Billion in 2020 and expanding at a CAGR of 16.6% during the forecast period, 2021 - 2028. The growth of the market is attributed to the emergence of big data and complex applications, such as ultra-high definition workflows, electronic design, and automatic simulations across various industries.

HPC is used across various application areas such as monitoring and mitigating the effects of climate change, producing safer and greener vehicles, increasing cybersecurity, and advancing the frontiers of knowledge across different scientific and research field. The increased access to HPC resources has helped in complex calculations and forecasts and research for developing vaccines for COVID-19 virus, with focus of containing the pandemic across the globe.

Cloud High Performance Computing (HPC) Market Drivers, Restraints, Trends, and Opportunities

• The ability of HPC solutions to process large volumes of data with speed and accuracy is driving the market growth.
• Increasing demand for solutions that can process the data at swift rate coupled with high accuracy in various fields is one of the major factors driving the growth of the market.
• High capital expenditure (CAPEX) and operating expense (OPEX) involved can restrain the market growth.
• Growing focus on hybrid HPC solutions is expected to provide tremendous opportunities for the cloud high performance computing (HPC) market.

Scope of the Cloud High Performance Computing (HPC) Market Report

The report on the cloud high performance computing (HPC) market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.

Cloud High Performance Computing (HPC) Market Segment Insights

Professional services segment to expand at a robust CAGR
Based on services, the market is divided as HPC IaaS, HPC PaaS, data organization and workload management, clustering software and analytics tool, professional services and managed services. The professional services segment is projected to exhibit a robust CAGR during the forecast period. Increasing adoption of the HPC solutions is driving the segment growth

Public segment to grow at a rapid pace
Based on deployment types, the market is segregated as public, private and hybrid. The public cloud segment is projected to expand at a rapid pace and grow at a steady growth during the forecast period. On the other hand, the private segment is expected to grow at a high CAGR in the projected timeline.
 

Defense segment to account a considerable market share
Based on end-user applications, the market is divided into academia and research, design and engineering, financial services, defense, government, manufacturing, media and entertainment and others. The defense segment is projected to offer lucrative opportunities during the forecast period.

Various key military areas, including satellite image processing, signal and intelligence processing, and video analytics requires HPC solutions. For example, video data is collected through satellite, unmanned aerial vehicles (UAVs), and other devices. In this case, cloud HPC enables identification of security threats or targets of interest at a high accuracy. Moreover, increasing defense spending is expected to propel the segment growth.

The market in Asia Pacific to exhibit a high CAGR
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The market in Asia Pacific is expected to exhibit a high CAGR during the forecasted period. In Asia Pacific, India and China are expected to account for a major market share.

China aims to spend USD 59.07 billion by 2025 on the National AI Development Plan. This plan is aimed at positioning China as a market leader in artificial intelligence (AI) in driverless technology, consumer artificial intelligence applications, telemedicine, and bio-pharmacy, and it is expected to create huge potential for the development of the cloud high performance computing (HPC) market. These factors contribute to the overall growth of market in the Asia Pacific.
 

Segments

Segments Covered in the Report

Services

• HPC IaaS
• HPC PaaS
• Data Organization and Workload Management
• Clustering Software and Analytics Tools
• Professional Services
• Managed Services

Deployment Type

• Public
• Private
• Hybrid

End-user Application

• Academia and Research
• Design and Engineering
• Financial Services
• Defense
• Government
• Manufacturing
• Media and Entertainment
• Other End-user Application

Regions

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

Key Players

• Intel Corporation Inc.
• Hewlett-Packard Company
• Microsoft Corporation
• IBM
• Fujitsu Limited

Competitive Landscape

The cloud high performance computing market is very competitive owing to the presence of many major players. The major players in the market are Intel Corporation Inc., Hewlett-Packard Company, Microsoft Corporation, IBM, and Fujitsu Limited.

Companies are engaging in product launches, investing on R&D activities, partnerships and acquisitions to expand their market share.