High-Performance Computing as a Service or HPCaaS is a high-level performance computing service or application in a cloud-based environment. This service enables on-demand access to scalable and reliable resources of High-Performance Computing applications. The HPCaaS has the capacity to access data and perform high-speed, complex calculations over a computer network and thus, this is additionally known as supercomputers.
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The Global High-Performance Computing as a Service Market is projected to grow CAGR of 10% during the forecast period 2024-2031. The increasing demand for complex computing processes, rising need to gain optimal performance and flexible deployment are some factors expected to drive the market growth of the Global HPCaaS Market during the forecast period.
The surging demand for customization and effective management of workflow, enhanced proliferation of cloud technology, and rising adoption of HPC among SMEs are some other factors, anticipated to fuel the market growth and account for ample growth opportunities for the Global High-Performance Computing as a Service Market. The increasing initiatives and investments by the government and rising technological advancement with enhanced research & development techniques in the HPC sector are the factors that are expected to propel the Global High-Performance Computing as a Service Market growth during the forecast period.
Meanwhile, the Global High-Performance Computing (HPC) as a Service Market is widely segmented by Components, Deployment Type, Verticals, and Region on the basis of market shares and revenues attributed by each segment. By Components, the High-Performance Computing (HPC) as a Service is segmented into- Server, Storage, Networking Devices, and Software segments. The market is dominated by the server segment and Networking Devices are projected to witness the largest market size and shares for the Global High-Performance Computing (HPC) as a Service Market during the forecast period.
Based on the deployment type, the High-Performance Computing (HPC) as a Service market is further segmented as On-Premises and On-Cloud Deployment type segment. The On-Premise deployment type exhibits the highest CAGR and market shares for Global High-Performance Computing (HPC) as a Service Market and is expected to dominate the market during the forecast period. Additionally, the On-Cloud segment is evaluated to be a fast-expanding deployment method in upcoming years and attributes various opportunities for the Global Manufacturing Execution System Market under the deployment type segment.
Based on the Vertical, the Global High-Performance Computing (HPC) as a Service Market is segmented into- BFSI, IT & Telecommunications, Retail, Manufacturing, Healthcare, Energy & Utilities, Transportation, and Others. The market is dominated by the BFSI segment as well as IT & Telecommunications and Healthcare segments, which are expected to account largest market size and shares for the Global High-Performance Computing (HPC) as a Service Market. These segments drive the market growth and are expected to result in various growth opportunities and raise market values for the Global High-Performance Computing (HPC) as a Service Market during the forecast period.
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Market Coverage
- Segment Covered-
o By Component
o By Deployment Type
o By Vertical
- Competitive Landscape- Cray Inc., Dell, Google (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation (IBM), and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global High-Performance Computing (HPC) as a Service Market Segment
By Component
- Server
- Storage
- Networking Devices
- Software
By Deployment Type
- On-Premises
- On-Cloud
By Vertical
- BFSI
- IT & Telecommunications
- Retail
- Manufacturing
- Healthcare
- Energy & Utilities
- Transportation
- Others
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