Rising complex applications in the world of computing gives rise to an increase in the amount of data that is being generated on a daily basis, thus making the collaboration and processing of data difficult. This is where Cloud HPC makes an entry by tackling these issues which provide a customized and distributed environment for the execution of necessary operations. It ensures higher and efficient performance as compared to a single computer. Therefore, more and more SMBs are getting attracted to the idea of cloud HPC, thus leading to a growth of this Market.
Key Drivers and Restraints
The Cloud Hpc Market is majorly driven by the growth of complex applications segment, emerging market for big data, and adoption of pay-as-you-go model. Adoption of cloud-based HPC services by the end-users is also one of the driving factors behind the growth of this market. Innovations in technology through extensive research and development and rise in demand for flexibility and agility in business are the factors responsible for the domination of the North American market for cloud HPC. The Asia-Pacific market is estimated to witness a huge growth because of the advancements in technology, cost efficiency, scalability, and improvement in productivity.
However, high costs while transitioning from on-premise service to cloud-based HPC services and the risk of loss of information are a couple of factors that may hinder the growth of this marker.
Know the Market
The value of cloud High Performance Computing Market has been predicted to reach USD 10.83 Billion from USD 4.37 Billion by 2020, at a CAGR of 19.9% over the forecast period. North American market for cloud HPC is expected to be the biggest and will continue to dominate the market from 2015 to 2020. Asia-Pacific region is also expected to experience an immense growth during the projected period.
Among the service type, the HPC IaaS market is expected to have the highest share of the cloud HPC market, owing to the increasing workload and rising complex applications. Managed service is expected to play an essential role in the growth of cloud HPC market and will advance at the highest growth rate in the coming years.
Among deployment models, hybrid cloud deployment is the fastest growing model in this market, whereas the public cloud deployment model is anticipated to lead the market with the largest share during the projected period.
The government sector contributes the largest share for this market during the forecast period. However, the end users of media, entertainment, and online gaming segment are expected to register highest growth over the coming years.
The major players competing in the Cloud High Performance Computing Market include IBM Corporation, Microsoft Corporation, Google, Dell, Amazon Web Services, Penguin Computing, Sabalcore Computing, Adaptive Computing, and others.
Scope of the Research
The market for cloud high performance computing has been analyzed and forecasted on the basis of following segmentation:
- Service Type: HPC IaaS, HPC PaaS, Data Organization and Workload Management, Clustering Software and Analytics Tool, Professional Service, Managed Service
- Deployment Model: Public Cloud, Private Cloud, Hybrid Cloud
- Organization Size: Small and Medium Businesses (SMBs), Large Enterprises
- End User: Academia and Research, Biosciences, Design and Engineering, Financial Services, Government, Manufacturing, Media, Entertainment and Online Gaming, Weather and Environment, Others
- Region: North America, Europe, Asia-Pacific, RoW
Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=194362794