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Cloud High Performance Computing Market Application, Technological Advancement, Key Players, Financial Overview and Analysis Report Forecast to 2023 | Corona-Virus Analysis

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Ehtesham Peerzade

Market Highlights

The easy and accuracy of computing offered by the cloud high-performance computing technology over non-cloud deployment is expected to surge the hpc cloud market. The extensive application of cloud in the bioscience sector and in chemical engineering is expected to contribute significantly to the expansion of the global hpc cloud computing market. Other scientific areas that use cloud hpc are in mechanical design & analysis, computer-aided engineering, digital content creation & distribution. This is observed to add significantly to the market momentum. The cloud high-performance computing offers the advantage of extra capacity for greater workloads at lower capital price, access to specialized software and other resources, which is likely to work in favor of the market expansion. The adoption rate of cloud hpc solution by enterprises is growing due to different benefits offered by the technology. This is expected to leverage the market growth. However, risk of data breach with the technology can hinder the market expansion.

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.

Also Read: http://www.marketwatch.com/story/cloud-high-performance-computing-market-to-value-usd-22-bn-by-2023-impact-of-covid-19-on-cloud-high-performance-computing-market-2020-06-25 

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).

Regional Analysis:

The worldwide cloud high-performance computing market is assessed by across regions; Europe (including Russia), Asia Pacific (including Australia and New Zealand), North America, and the Rest of the World (including South America and the Middle East, Africa). North America is expected to secure the grand share of the global market. The market in North America is expected to gain high traction for the market due to the presence of renowned hpc cloud solutions providers and the ever-expanding IT sector. Rapid technological advancements, such as fast developments in supercomputing facilities, are expected to cause fast-paced growth of the North America cloud hpc market.

Segmentation:

The segmental study of the cloud high performance computing market size 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.

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Ehtesham Peerzade
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