High-Performance Computing as a Service Market Size Soars with Growing Demand for Computational Power | Forecast to Hit USD 17 Billion by 2026

The size of the global HPC as a service market was estimated at $6.28 billion in 2018, and it is anticipated to grow to $17 billion by 2026, at a CAGR of 13.3%.

Supercomputers that have the processing power to complete quadrillions of calculations per second are the mainstay of high-performance computing. Completing several tasks is necessary for the computation of complex solutions, necessitating the parallel operation of thousands of processing units. High-performance computing as a service makes it possible to run HPC programs over the cloud, allowing for instant access to HPC components.

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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. On the contrary, the services segment is anticipated to garner the highest growth rate during the forecast period.

In terms of deployment type, the public cloud segment dominated the global high-performance computing as a service market in 2018 and is expected to remain dominant during the forecast period. The growth of this segment is mainly attributed to the availability of timely upgrades and quick access to the data in real-time.

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The High-Performance Computing as a Service market is experiencing exponential growth due to the increasing demand for computational power and resources. Organizations across various sectors, including research, finance, healthcare, and manufacturing, are turning to HPCaaS to handle complex simulations, data analysis, and modeling. This surge in demand is driven by the need for faster insights, cost-efficient scalability, and the ability to tackle data-intensive workloads, such as AI and deep learning.

Hybrid and Multi-Cloud Deployments: A notable trend in the HPCaaS market is the adoption of hybrid and multi-cloud strategies. Organizations are combining on-premises HPC resources with cloud-based HPCaaS solutions to meet fluctuating workload demands and enhance flexibility. Multi-cloud HPC allows businesses to leverage the strengths of multiple cloud providers, optimizing performance and cost-efficiency while avoiding vendor lock-in. As HPCaaS becomes more mainstream, specialized services are emerging to cater to specific industry needs. Providers are offering domain-specific HPC solutions tailored for tasks such as genomics research, seismic modeling, and financial simulations. These specialized offerings provide a focused and efficient approach to high-performance computing, further fueling innovation in various sectors.

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By region, North America dominated the global HPC as a service market in 2018 and is expected to remain dominant during the forecast period due to presence of major market players and on-going developments in high-performance computing technology. Also, rise in demand for engineering and scientific progress boosts the market demand for HPC services in this region. Furthermore, Asia-Pacific is expected to exhibit highest growth rate during the forecast period. The growth of this segment is mainly attributed to increase in adoption of machine learning & artificial intelligence (AI) among organizations, and increase in IT spending by the various governments in this region.

Some of the key HPC as a service market players profiled in the report include 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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