Cloud High-Performance Computing Market to value USD 22 Bn by 2023 | Impact of COVID-19 on Cloud High Performance Computing Market

Cloud High-Performance Computing Market to value USD 22 Bn by 2023 | Impact of COVID-19 on Cloud High Performance Computing Market

“Cloud High-Performance Computing Market”
Global Cloud High Performance Computing Market: Component (Hardware, Software), Service (Professional, Managed), Deployment (Public Cloud, Hybrid), Industry Vertical (BFSI, IT & Telecom, Retail, Manufacturing, Healthcare, Energy & Utilities) – Forecast till 2023

Cloud High Performance Computing Market Research Report- Forecast till 2023

Market Highlights

As per the analysis by Market Research Future Reports (MRFR), the global cloud high performance computing market 2020 is majorly driven by the increasing adoption of cloud-based services in several sectors. The research states that the worldwide cloud high-performance computing market is likely to value USD 22 billion, thriving at a CAGR of 21% during the assessment tenure from 2017 to 2023. There has been an expeditious technological development that has significantly fueled market growth. Besides, the surging demand for quality performance cloud computing in several sectors is further propelling the market. Moreover, there has been an increment in the availability of cloud-based service providers, which augments the market growth. On the flip side, the data security concerns and management solutions are hindering the growth of the market during the forecast period. The spread of coronavirus has affected market dynamics significantly. We will offer COVID-19 aftermath analysis with the report.

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Segmentation:

The worldwide cloud high-performance computing market can be classified on the basis of component, services, industry vertical, deployment, and region.

Based on components, the worldwide cloud high-performance computing market can be classified into hardware and software. The hardware segment can be further classified into server, storage, and networking devices. The software segment can be further classified into analytics tools and clustering software. The professional service segment has been further classified into maintenance & support services, integration, and deployment service, and consulting service.

Based on services, the worldwide cloud high-performance computing market can be classified into managed services, professional services, and other services. Based on industry vertical, the worldwide cloud high-performance computing market can be classified into retail, banking and financial services, manufacturing, IT & telecommunication, healthcare, transportation, energy & utilities, and others.

 Based on deployment, the worldwide cloud high-performance computing market can be classified into hybrid and public clouds.

Based on the region, the worldwide cloud high-performance computing market can be classified into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).

 Geographical Analysis

 The regional study of North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW) has been conducted. As per the analysis, the worldwide market is dominated by North America by acquiring the maximum market share. The region consists of the established players, which propels the North American market. Besides, the easy adoption of advanced technology and the rising dependence on the cloud-based industry has additionally augmented the market. The second position is attained by the APAC region. The development of supercomputing facilities has led to the expansion of the regional market. Also, the growing adoption of cloud-based solutions and technological evolution is further propelling the growth of the cloud high-performance computing market in the APAC region.

The outbreak of COVID-19 has affected several markets of the region.

 Key Players

 The forefront players of the worldwide cloud high performance computing market are Sabalcore Computing Inc (the U.S.), International Business Machines Corporation (the U.S.), Microsoft Corporation (the U.S.), LLC (the U.S.), Google, Inc (the U.S.), Dell, Amazon Web Services (the U.S.), Penguin Computing (the U.S.), Univa Corporation (the U.S.), Adaptive Computing (the U.S.), Gridcore AB (Sweden), and Hewlett Packard Enterprise (the U.S.). Some of the other established players contributing significantly are Oracle Corporation (the U.S.), Atos SE (France), Silicon Mechanics, Inc (the U.S.), Nvidia Corporation ( R Systems NA, Inc (the U.S.), The MathWorks, Inc (the U.S.), T-Services (Russia), ToutVirtual, Inc (the U.S.), Wolfram Alpha LLC (the U.S.), and few more.

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