Cloud High Performance Computing Market: An Insight On the Important Factors and Trends Influencing the Market
The cloud high performance computing is a relatively new technology and is expected to experience substantial growth over the next few years. Some of the key factors driving the cloud high performance computing market include emergence of big data market, complex application management and adoption of pay as you go model. Risk of information loss is a key factor restraining the market growth.
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Further growth in cost at the time of transition from on premises to cloud based high performance computing is another factor which is restraining the demand for cloud high performance computing market. Moreover, high adoption rate in small and medium; faster deployment, scalability and enhanced flexibility are some of the key opportunity in driving the cloud high performance computing market over the near future.
Time consuming stringent regulatory policies are expected to be a biggest challenge for the cloud high performance computing market. The cloud high performance computing also involves the need for complex applications like electronic design simulations, ultra-high definition, seismic analysis, financial quantitative analysis and genome analysis which involves calculation of climate change, weather forecasting and space expeditions.
The cloud high performance computing market by service type has been segmented into high performance computing PAAS, high performance computing IAAS, workload management and data organization, clustering software, managed services and professional services. The high performance computing PAAS segment in the cloud high performance computing market segmented by type accounted for the largest market share in term of revenue. The managed service segment is expected to grow at the fastest rate over the next few years.
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The cloud high performance computing market by end use industry has been segmented into biosciences, academics, research and development, engineering and design, government, financial services, government, media, online gaming and entertainment, weather and environment, manufacturing and others. The government segment in the cloud high performance computing market segmented by end use industry held the largest market share. The academics, research and development segment in the cloud high performance computing market followed the government segment. The online gaming and entertainment segment in the cloud high performance computing segmented by end use industry is expected to grow at the fastest rate over the next few years.
Geographically the cloud high performance computing market by geography has been broadly segmented into Europe, North America, Asia Pacific, Latin America, Middle East and Africa. North America led the cloud high performance computing market in terms of revenue share. Europe followed North America in the cloud high performance computing market. Asia Pacific is expected to grow at the fastest rate over the next few years in the cloud high performance computing market.
Some of the key players operating in the cloud high performance computing market include Microsoft Corporation (Washington, U.S.), International Business Machines Corporation (New York, U.S.), Dell Inc. (Texas, U.S.), Google Inc. (California, U.S.), Penguin Computing (California, U.S.), Amazon Web Services (Washington, U.S.), Adoptive Computing (U.S.), Sabalcore Computing (U.S.), Univa Corporation (Illinois, U.S.). Product innovation is a key strategy adopted by the players, by focusing a share of their revenue in research and development and innovating latest products and have competitive advantage over its competitors.
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