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High-Performance Computing as a Service Market 2020: Top Impacting Factors responsible for the expeditious growth by 2026

02-28-2020 09:40 AM CET | IT, New Media & Software

Press release from: Allied Market Research

High-Performance Computing as a Service Market

High-Performance Computing as a Service Market

High performance computing is the ability of a computer to process data and perform complex calculations at high speeds. High performance computing systems consist of network of nodes, each of which contains one or more processing chips with its own memory. These services are offered via its architectural framework, which is built by computer servers that are networked together into a cluster. In-built software programs and algorithms run simultaneously on these servers in the cluster to store data. Collaboration of these components operate seamlessly to complete a diverse set of tasks.

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Rise in evolution of technologies such as Internet of Things (IoT), Artificial Intelligence (AI), and 3D imaging and the size and amount of data an organization analyzes boosts the high performance computing as a service market growth. For applications such as streaming a live sports event, testing new products, analyzing stock trends, or tracking a developing storm, the demand for HPCaaS is growing due to its ability to process data in real time. Increase in adoption of cloud computing coupled with the growth in digitization initiatives by governments worldwide is expected to impact positive decisive in catapulting the growth of the high performance computing as a service market. However, high cost of HPCaaS is expected to hamper the growth of the high performance computing as a service market.

High Performance Computing as a Service (HPCaaS) facilitates the execution of high-performance computing applications on cloud by enabling on-demand access to a scalable and reliable resource of high-performance computing components. In addition, this framework transforms a supercomputer into a scalable cloud, which consists of multiple federated clouds that supports dynamic provisioning, efficient utilization, and maximize the accessibility of HPC resources through IaaS, PaaS, and SaaS abstractions.

The high performance computing as a service market is segmented into component, deployment, industry vertical, and region. By component, it is divided into servers, storage, software, cloud, networking devices, and others. On the basis of deployment, the high performance computing as a service market is categorized into colocation, hosted private cloud, and public cloud. In terms of industry vertical, it is classified into BFSI, retail, gaming, transportation, government & defense, education & research, healthcare & life science, media & entertainment, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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o Atos SE
o Fujitsu Limited
o Intel Corporation
o Cray Research Inc.
o Cisco Systems Inc.
o Dell Technologies Inc.
o Amazon Web Services Inc.
o Hewlett Packard Inc. (HP)
o Advanced Micro Devices Inc.(AMD)
o Silicon Graphics International Corp.
o International Business Machines Corporation (IBM)

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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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