Cloud High Performance Computing (HPC) Market is Expected to be Dominated by the On-premises Segment in the Forecast Period

The cloud high performance computing (HPC) market is expected to grow due to the growing demand for high-efficiency computing and advancements in virtualization during the forecast period of 2024-2028.

According to TechSci Research report, “Cloud High Performance Computing (HPC) Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2028”, the market is anticipated to register robust growth during the forecast period. The increasing demand for computational power in industries such as research, simulation, and data analytics are a key driver for the high-performance computing market. Additionally, advancements in artificial intelligence and machine learning applications are fueling the need for high-performance computing infrastructure.

The HPC industry's growth will be significantly accelerated by the rising popularity of cloud computing and the digitization initiatives being implemented by numerous governments. Digital transformation initiatives like Smart Abu Dhabi and Smart Dubai, for instance, have been launched by the UAE government. The demand for HPC systems would rise because of these projects and the adoption of cloud computing.  During the COVID-19 duration, a new method of working was implemented, work from home. The high-performance computing industry helped this system by overcoming numerous limitations on computation power and enhancing it with solutions like data analysis.

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Global cloud high performance computing (HPC) market is segmented based on component, deployment type, industrial application, and region. Based on component, the market is divided into hardware (servers, storage devices, systems, and networking devices), software, and services. Based on deployment type, the market is divided into on-premises, cloud. Based on industrial application, the market is divided into aerospace and defense, energy and utilities, BFSI, media and entertainment, manufacturing, life science, and healthcare. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.

On the basis of industrial application, the manufacturing segment is anticipated to grow during the forecast period. Manufacturing procedures typically require a lot of time and computation. As a result, in addition to HPC systems, incumbents in the manufacturing sector frequently implement simulation and CAD software. Computational fluid dynamics, computational structural mechanics, and computational electromagnetics are three areas in which HPC systems can be particularly useful in the manufacturing industries. These features improve performance, speed up computation, and guarantee quick data access.

Moreover, in the Asia-Pacific region, the use of high-performance computing (HPC) has increased for quickly processing large amounts of data and carrying out intricate calculations, analytics, simulations, and artificial intelligence (AI). However, many businesses have found the initial capital investment to be too expensive, paving the way for HPC as a service. In this strategy, businesses subscribe to hardware and software using a pay-as-you-go consumption model rather than purchasing or leasing them. In addition, it has a wide range of applications across a variety of sectors, including autonomous driving, production optimization, predictive maintenance, drug discovery, precision medicine, fraud and anomaly detection, treasury and trading analytics, Internet of Things (IoT)/smart cities, and numerous others.

Without the appropriate tools and cutting-edge technologies, it becomes nearly impossible to address the growing demand for short product development cycles (PLCs) and consistent quality in real time. The Asia-Pacific region has seen an increase in the use of high-performance computing (HPC) systems and computer-aided engineering (CAE) software for high-fidelity modeling and simulation. These industries include automotive, discrete manufacturing, and healthcare robotics. Due to all the above discussion, the market for Asia-Pacific will grow in near future.

Key market players in the global cloud high performance computing (HPC) market are:

• Advanced Micro Devices Inc.
• Hewlett Packard Enterprise
• Sugon Information Industry Co. Ltd
• Fujistu Ltd
• Intel Corporation
• International Business Machines Corporation
• Microsoft Corporation
• Dell Technologies Inc.
• Dassault Systems SE
• Lenovo Group Limited

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“The expansion of the HPC sector is mostly driven by smarter deployment and administration, high-quality service, and immediate processing capabilities of micro servers or HPC systems. In several industrial applications, like financial modeling and life science simulation; physical simulation, optimization, and machine learning play a crucial starring role in resolving complex issues quickly. Edge computing capabilities must be incorporated into the solutions that are driving the market for EVs, self-sufficient vehicles, and connected vehicles. The emergence of big data and complex applications, such as ultra-high definition workflows, electronic design automatic simulations, etc., across various industries, is driving growth in the market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Cloud High Performance Computing (HPC) Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028, Segmented By Component (Hardware (Servers, Storage Devices, Systems, and Networking Devices), Software, and Services), By Deployment Type (On-premises, Cloud), By Industrial Application (Aerospace and Defense, Energy and Utilities, BFSI, Media and Entertainment, Manufacturing, Life Science, and Healthcare), By Region and Competition” has evaluated the future growth potential of cloud high performance computing (HPC) market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global cloud high performance computing (HPC) market.

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