Cloud High Performance Computing Market To Be Revitalized With A 21% CAGR By 2023
Global Cloud High Performance Computing Market: Component (Hardware, Software), Service (Professional, Managed), Deployment (Public Cloud, Hybrid), Industry Vertical (BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Energy & Utilities) – Forecast till 2023
Pune, India – September 9, 2019 /MarketersMedia/ —
Market Highlights
The need to substantially increase the computing capability is adding tor development of cloud high performance computing. Reports that review the healthcare industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is on track with a CAGR of 21% to garner USD 22 billion in the forecast period.
The increased application rate of cloud high performance computing in a range of verticals is expected to boost the market share in the coming period. The escalated demand for extra capacity for surge workloads is further improving the expansion of the cloud high performance computing market in the upcoming period.
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Segmentation:
The segmental study of the cloud high performance computing market is carried out on the basis of services, component, deployment, industry vertical and region. Based on services, the cloud high performance computing market is segmented into managed services, professional services, and other services. The professional services are additionally segmented into, maintenance & support services, integration and deployment service and consulting service. Based on the component, the cloud high performance computing market is segmented into hardware and software. The hardware segment is sub-segmented into storage, server, and networking devices. The software is additionally sub-segmented into analytics tools and clustering software. By deployment, the cloud high performance computing market is segmented into hybrid and public cloud. By industry vertical, the cloud high-performance computing market is segmented into IT & telecommunication, transportation, banking, and financial services, manufacturing, retail, healthcare, energy & utilities, and others. Based on the region, the cloud high-performance computing market is segmented into Asia Pacific, North America, Europe, and the rest of the world.
Regional Analysis:
The regional assessment of the cloud high-performance computing market includes regions such as North America, Europe, Asia Pacific and rest of the world. As per the analysis, approximately half of the market is engaged by the North American regional market. As North America has a prosperous absorption of vendors that offers services and solutions for cloud high-performance computing for a variety of end-users. The other key factor adding to the development of the cloud high-performance computing market in the North American region is the technological development and rising supercomputing amenities. The expansion of supercomputing amenities, the augmented adoption of cloud-based solutions, and present technological developments are motivating the expansion of the cloud high-performance computing market in the Asia Pacific region.
Competitive Dashboard:
The uncertainty in the market is a critical factor that is driving the formulation of policies and plans that will be applied to drive market growth. The competitors are devoting their resources to ensure an optimum level of growth in the coming years. The fluctuations in the currency are expected to stabilize and thus create a favorable impact on the market.
The competition level in the market is found to be conducive to the advancement of the players who are operating in the market. The need to capture a broader chunk of the profits is supporting the expansion of the market. The influence of governmental policies is motivating further development in the market. The rise in the flow of international transactions between nations is further inspiring the progress of the market. The synergies being created between supply and demand forces in the market is expected to induce further growth of the market.
The notable contenders in the cloud high performance computing market are Microsoft Corporation (U.S.), Google, LLC (U.S.), Dell, Inc (U.S.), Wolfram Alpha LLC (U.S.), The MathWorks, Inc (U.S.), Penguin Computing (U.S.), Amazon Web Services (U.S.), Sabalcore Computing Inc (U.S.), International Business Machines Corporation (U.S.), Gridcore AB (Sweden), Hewlett Packard Enterprise (U.S.),Silicon Mechanics, Inc (U.S.), Nvidia Corporation (U.S.), Atos SE (France), Adaptive Computing (U.S.), R Systems NA, Inc (U.S.), Univa Corporation (U.S.), Oracle Corporation (U.S.), ToutVirtual, Inc (U.S.) and T-Services (Russia).
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List of Figures
FIGURE 1 Global Cloud High Performance Computing Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Cloud High Performance Computing Market
FIGURE 4 Value Chain Of Global Cloud High Performance Computing Market
FIGURE 6 Global Cloud High Performance Computing Market, 2017-2023,
FIGURE 8 Global Cloud High Performance Computing Market Size By Deployment, 2017
FIGURE 10 Global Cloud High Performance Computing Market Size By Service, 2017
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Contact Info:
Name: Abhishek Sawant
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/cloud-high-performance-computing-market-5816
Source: MarketersMedia
Release ID: 88916911
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