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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.
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.

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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.
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.

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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.
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.

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