High-Performance Computing (HPC) as a Service Market

High-Performance Computing (HPC) as a Service Market Statistics - 2026

The global HPC as a service market size generated revenue of $6.28 billion in 2018, and is projected to reach $17.00 billion by 2026, registering a CAGR of 13.3% from 2019 to 2026.

High-performance computing as a service (HPCaaS) offers high-performance computing applications on cloud environment, which enables access to a reliable and scalable resource of high-performance computing components on-demand. In addition, with high-performance computing services a supercomputer can be converted into a scalable cloud that maximizes the accessibility of HPC resources through PaaS, IaaS, and SaaS abstractions, supports efficient utilization, and offers dynamic provisioning.

By component, the solutions segment garnered major HPC as a service market share in 2018 and is expected to remain dominant during the forecast period. The growth of this segment is mainly attributed to the increase in need to process complex computations processes. Also, to enable efficient management and customization of workflow, the optimal performance, flexible deployment, and management of key components becomes necessary. Thus, such factors fuel the demand for HPC solutions.

North America dominated the global HPC as a service market in 2018 and is expected to remain dominant during the forecast period due to presence of major market players and on-going developments in high-performance computing technology. Also, rise in demand for engineering and scientific progress boosts the market demand for HPC services in this region.

The report focuses on the growth prospects, restraints, and trends of the HPC as a service market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global market.

Segment Review

The global HPC as a service market is segmented on the basis of component, deployment type, industry vertical, and region. By component, the market is bifurcated into solutions and services. By deployment type, the market is divided into private cloud, public cloud, and hybrid cloud. By industry vertical, the market is classified into BFSI, healthcare, media & entertainment, weather, aerospace & defense, IT & telecommunication, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The HPC as a service market is dominated by the global high-performance computing as a service players such as Cray Inc., Dell, Google (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation (IBM), Microsoft Corporation, Nimbix, Inc., Penguin Computing, Sabalcore Computing, and The UberCloud.

Top Impacting Factors

Current and future high-performance computing as a service market trends are outlined to determine the overall attractiveness of the market. Top impacting factors HPC as a service market opportunity during the HPC as a service market forecast period. Increase in need for flexible computing services among large as well as small & medium enterprises are the key factors that drive the market growth for high-performance computing as a service industry. In addition, increase in need for efficient computation and high-speed storage is also expected to boost the market growth. Moreover, increase in government initiatives is also one of the key factors that fuels the demand for HPC services globally. However, high cost of high-performance computing services is expected to impede the HPC as a service market growth during the forecast period. Furthermore, high proliferation of cloud in emerging economies is further expected to provide major growth opportunities for the HPC as a service market in the upcoming years.

Increase in Need for Flexible Computing Services

High-performance computing requires continuous efficiency & working of HPC clusters. Thus, HPC services enable complete control for the users over computing infrastructure such as, the analysis software and operating system. Moreover, despite numerous benefits HPC faces several issues and challenges, such as network bandwidth & latency, virtualization overhead, and multi-tenancy, which generate the need for better management of HPC infrastructure and solutions. Thus, such factors drive the demand for high-performance computing services. Furthermore, HPC enabled with cloud services keep deployment types and software updated, which further provide several solutions and choices to the users.

Increase in Government Initiatives

The influx of data continues to grow globally and with this increase the federal agencies need to use their data tactically. In addition, there is also an increase in the need for high-speed computing and processing power. Thus, such factors drive the demand for market in numerous industries. Moreover, governments globally are taking numerous initiatives and investing in HPC technology mainly to meet computational complexities and develop new high-performance computing (HPC) software and solutions. For instance, the Environment and Climate Change Canada (ECCC) is using HPC solution mainly for forecasting the timeliness of weather warnings and protecting the safety and health of Canadians. In addition, the U.S. is also planning to deploy Exascale system by 2021 at Argonne National Laboratory. Moreover, European Commission for supercomputers and digital transformation is also investing in HPC solutions. For instance, under the European Cloud initiative, the European Commission is projecting to build the European Data Infrastructure for supercomputer and quantum technologies. Thus, such factors drive the market growth.

Key Benefits for Stakeholders:

• This study presents the analytical depiction of global HPC as a service market trends and future estimations to determine the imminent investment pockets.
• A detailed analysis of the market segment measures the potential of the market. These segments outline the favorable conditions for the market.
• The report presents information related to key drivers, restraints, and opportunities.
• The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the industry.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the HPC as a service industry.

 High-Performance Computing (HPC) as a Service Market Report Highlights