The global HPC as a service market size was valued at $6,28 billion in 2018, and is projected to reach $17,00 billion by 2026, registering a CAGR of 13,3% from 2019 to 2026.
High-performance computing is mainly associated with supercomputers that can perform quadrillions of calculations per second. The computation of complex solutions involves completion of more than one task, which requires over thousands of computing nodes to work in parallel. High-performance computing as a service enables the execution of high-performance computing applications over cloud, which enables on-demand access to HPC components.
The evolution of technologies, such as 3D imaging, Artificial Intelligence (AI), Internet of Things (IoT), and the volume of data organizations analyzed boosts the HPC as a service market growth. In addition, the adoption of high-performance computing as a service is on an increase due to its capability to process data in real-time to analyze stock trends, test new products, and stream live sports events. Moreover, the increase in initiatives taken by governments for digitization is expected to impact positively on the growth of the high-performance computing as a service market globally. Furthermore, the high proliferation of Cloud in emerging economies is also anticipated to be a major HPC as a service market opportunity.
Key findings of the study include the following:
Key benefits include the following:
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