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2020

High-Performance Computing (HPC) as a Service Market

High-Performance Computing (HPC) as a Service Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, Deployment Type and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2018-2026

IC : Software and Services

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Author's: Rachita Rake | Onkar Sumant
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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.

High performance Computing as a Service Infographics

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.

High-Performance Computing (HPC) as a Service Market
By Deployment Type
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Hybrid is projected as one of the most lucrative segments.

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.

High-Performance Computing (HPC) as a Service Market
By Industry Vertical
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BFSI hold a dominant position in 2017 and would continue to maintain the lead over the forecast period.

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.

High-Performance Computing (HPC) as a Service Market
By Region
2026
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 18.3% during 2018-2025.

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

Aspects Details
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By Component
  • Solutions
  • Services
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By Deployment Type
  • Private Cloud
  • Public Cloud
  • Hybrid Cloud
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By Industry Vertical
  • Manufacturing
  • BFSI
  • Healthcare
  • Government
  • Media & Entertainment
  • Others
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By Region
  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

. International Business Machines Corporation, TheUberCloud, INC., Penguin Computing, Dell Inc., Sabalcore Computing, Inc., Microsoft Corporation, Amazon Web Services, Inc., Google LLC, Hewlett Packard Enterprise Development LP, Nimbix, Inc.

Analyst Review

The global high-performance computing as a service market in the North America, Europe, and Asia-Pacific is experiencing rapid growth and has a huge scope for development. In addition, positive returns on investment in high-performance computing systems are anticipated to offer opportunities for the improvement of existing high-performance computing services. Moreover, in accordance with the insights of the leading CXOs, the utilization of high-performance computing among various end-user industries has increased, owing to rise in number of intelligent applications and increase in load on cloud infrastructure.

Moreover, the high-performance computing as a service market has been gaining significant acceptance from commercial users and large enterprises for improving business performance and meeting customer expectations by analyzing unstructured data speedily. Moreover, increase in R&D, and investment by numerous governments globally is expected to fuel the demand for HPC services in upcoming years. For example, the European Union, the United States, China, and Japan are striving to launch the first Exascale supercomputer between 2020 and 2021.

Furthermore, high-performance computing as a service is a consolidated market as players such as Cray Inc., Dell, Google (Alphabet Inc.), Hewlett Packard Enterprise Development LP, International Business Machines Corporation (IBM), and Microsoft Corporation hold a major share globally. However, the market is expected to become fragmented in near future, as many players in developing countries are evolving and coming up with enhanced and innovative high-performance computing as a solutions and services.

Author Name(s) : Rachita Rake | Onkar Sumant
Frequently Asked Questions?

The global high performance computing as a service market is projected to reach $17,002.00 million by 2026, registering a CAGR of 13.3% from 2019 to 2026.

The global high performance computing as a service market was valued at $6,281.00 million in 2018, and is projected to reach $17,002.00 million by 2026, registering a CAGR of 13.3% from 2019 to 2026.

To get more insights and Competitive landscape.

The global high performance computing as a service market is growing at a CAGR of 13.3% from 2019 to 2026.

The global high performance computing as a service market is expecetd to generate $17,002.00 million revenue by 2026.

The report analyzes the profiles of key players operating in the market. These include 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.

Factors such as increase in need for flexible computing services among large as well as small & medium enterprises is the key factor driving the market growth for the 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 fueling the demand for HPC services globally.

Asia-Pacific is expected to exhibit highest growth rate during the forecast period. The growth of this segment is mainly attributed to increase in adoption of machine learning & artificial intelligence (AI) among organizations, and increase in IT spending by the various governments in this region.

High proliferation of cloud in emerging economies is further expected to provide major growth opportunities for the market in upcoming years.

The report profiles leading players of the "HPC as a Service Market" 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.

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High-Performance Computing (HPC) as a Service Market

Global Opportunity Analysis and Industry Forecast, 2018-2026