HPC involves complex and technical computation that generates huge amount of data making it difficult in collaboration and processing. Cloud HPC addresses these issues by offering distributed and customized execution environment. The complex applications management, emergence of Big Data market, and adoption of pay-as-you-go model are the main drivers of the Cloud HPC market.
Cloud HPC service type market segmentation comprises HPC Infrastructure as a Service (IaaS), HPC, Platform as a Service (PaaS), data organisation and workload management, clustering software and analytics tool, professional service, and managed service. The HPC IaaS market is expected to have the largest market share in the Cloud HPC market in the service type from 2015 to 2020, due to the growth of complex applications and increasing workloads. Managed service is expected to play a key role in changing the Cloud HPC landscape and will grow at the highest growth rate during the forecast period as managed service providers are responsible for managing and monitoring IT systems enabling enterprises to increase efficiency, reduce the downtime, and drive better outcomes.
Hybrid Cloud deployment is the fastest-growing deployment model in the Cloud High Performance Computing Market as it seeks to deliver the advantages of scalability, reliability, rapid deployment, and potential cost savings along with security features. The public Cloud deployment model is expected to have the largest market share from 2015 to 2020 as it offers various benefits to organisations, such as ease of access, faster deployment, and location independence services.
The Cloud HPC services are being increasingly adopted by numerous end users, such as government and academia and research, biosciences, and others that have led to the growth of the market across the globe. The government sector is expected to dominate the cloud HPC market, contributing the largest market share during the forecast period. However, the media, entertainment and online gaming end users are projected to witness the highest growth during the forecast period.
North America is expected to have the largest market share and will dominate the Cloud HPC market from 2015 to 2020 owing to innovations through research and development and technology and increasing demand for business flexibility and agility. The Cloud HPC market is expected to experience huge growth in Asia-Pacific (APAC) due to improved technology, cost efficiency, scalability, and improved productivity.
The key vendors providing Cloud HPC services are:
More information is available at the Research & Markets website.