The cloud high-performance computing (HPC) market is expected to grow at 16.7% CAGR from 2022 to 2029.
LUTON, BEDFORDSHIRE, UNITED KINGDOM, November 21, 2023 /EINPresswire.com/ — Exactitude Consultancy has recently published a market research report namely Cloud High-Performance Computing (HPC) market that contains important statistical and analytical data spread through the entirety of the report and includes contents related to the industry. The report covers an overview of the segments and sub-segmentations including the product types, applications, companies, and regions. The report reveals the dynamics of the global Cloud High-Performance Computing (HPC) market, future business impact, competition landscape of the companies, and the flow of the global supply and consumption. The study document is expressed with the aim to help the reader gain a better understanding of the workings of the global Cloud High-Performance Computing (HPC) market industry.
The Cloud High-Performance Computing (HPC) market is expected to grow at 16.7 % CAGR from 2022 to 2029. It is expected to reach above USD 608 Billion by 2029 from USD 17.5 Billion in 2022.
Executive Summary:
Cloud High-Performance Computing (HPC) represents a paradigm shift in computational abilities, imparting unparalleled processing energy, scalability, and accessibility. This document explores the key aspects of Cloud HPC, such as its definition, benefits, challenges, and destiny prospects. As companies increasingly call for superior computing talents, Cloud HPC emerges as a transformative answer with the potential to revolutionize diverse industries.
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Introduction:
Definition:
Cloud High-Performance Computing (HPC) refers to the delivery of supercomputing-degree computational strength via cloud services. It combines the blessings of conventional HPC, including parallel processing and excessive-pace interconnects, with the power and scalability of cloud computing.
Importance:
The developing complexity of simulations, facts analytics, and scientific studies necessitates immense computational electricity. Cloud HPC provides a cost-powerful and efficient way to get admission to and utilize such skills without the need for big infrastructure investments.
Cloud High-Performance Computing (HPC) Market Key Players
The Cloud High-Performance Computing (HPC) market key players include International Business Machines Corporation, Microsoft Corporation, Google, Inc, Dell, Amazon Web Services, Penguin Computing, Sabalcore Computing, Adaptive Computing, Gompute, and Univa Corporation.
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Industry Development:
April 2022- To maintain its competitive edge in its core business and hasten the creation of new businesses, CGG is significantly increasing its high-performance computing (HPC) capacity and related service offerings. The company has secured a lease to build a European HPC hub in Southeast England, which is expected to be operational in the first quarter of 2023 and increase its cloud HPC capacity by up to 100 petaflops.
February 2022 – Ansys and Amazon Web Services, Inc. created a strategic partnership. The collaboration extends cloud-based high-performance computing (HPC) to promote electronic design automation (EDA), computer-aided engineering (CAE), and simulation solutions by enabling Ansys products to be deployed on AWS, making simulation workloads more user-friendly while also providing scalability and flexibility with easy access to software and storage solutions from anywhere via a web browser.
The report offers an in-depth assessment of the important countries (regions), including
• North America (United States, Canada and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Asia Pacific accounted for the largest market in the Cloud High-Performance Computing (HPC) Market. Asia-cloud Pacific’s HPC industry is dominated by China and India, two of the world’s growing economies. Furthermore, China claims that it has one of the most advanced HPC systems because it increased its HPC investment more quickly than any other nation. In its “National AI Development Plan,” which was published in July 2017, the nation committed to investing USD 22.15 billion in AI research by 2020 and USD 59.07 billion by 2025. A huge opportunity for the growth of the cloud high-performance computing (HPC) market is anticipated as part of this plan, which aims to establish China as a world leader in artificial intelligence in driverless technology, consumer AI applications, telemedicine, and pharmacy. The above elements help the Asia-Pacific high-performance computing market expand overall.
Key Market Segments: Cloud High-Performance Computing (HPC) Market
Cloud High-Performance Computing (HPC) Market by Service Type, 2020-2029, (USD Billion)
• HPC IAAS
• HPC PAAS
• Data Organization and Workload Management
• Clustering Software and Analytics Tool
• Professional Services
• Managed Services
Cloud High-Performance Computing (HPC) Market by Deployment Model, 2020-2029, (USD Billion)
• Public Cloud
• Private Cloud
• Hybrid Cloud
Cloud High-Performance Computing (HPC) Market by Organization Size, 2020-2029, (USD Billion)
• Small and Medium Business
• Large Enterprises
Cloud High-Performance Computing (HPC) Market By End-User, 2020-2029, (USD Billion)
• Academia & Research
• Biosciences
• Design and Engineering
• Financial Services
• Government
• Manufacturing
• Media, Entertainment, And Online Gaming
• Weather and Environment
• Others
Key Features and Benefits:
Scalability:
Cloud HPC allows users to scale their computational assets on-call for. This flexibility allows agencies to adapt to various workloads, making sure finest useful resource usage and fee efficiency.
Accessibility:
Through the cloud, users can get right of entry to HPC assets from anywhere with a web connection. This accessibility fosters collaboration among geographically dispersed groups and opens avenues for far off research and development.
Cost Efficiency:
Traditional HPC infrastructure requires sizeable capital investments and ongoing renovation costs. Cloud HPC, with its pay-as-you-cross version, permits groups to pay handiest for the sources they use, minimizing in advance fees and optimizing aid allocation.
Performance Optimization:
Cloud HPC leverages parallel processing, distributed computing, and superior networking to deliver excessive-velocity and efficient computations. This is mainly useful for programs which includes medical simulations, climate modelling, and complicated records analytics.
Challenges:
Data Security:
Storing and processing touchy data inside the cloud increases worries approximately facts safety and compliance. Ensuring robust safety features and regulatory compliance is vital for businesses adopting Cloud HPC.
Network Latency:
High-performance computing frequently relies on low-latency verbal exchange among nodes. The internet’s inherent latency can pose challenges for applications sensitive to conversation delays, necessitating careful consideration of network structure.
Skill Gap:
Transitioning to Cloud HPC may also require corporations to upskill their body of workers to effectively make use of cloud resources. The scarcity of professional specialists in cloud computing and HPC may be a barrier to adoption.
Use Cases:
Scientific Research:
Cloud HPC is instrumental in accelerating medical research by using presenting the computational electricity wished for simulations, modelling, and statistics evaluation.
Engineering Simulations:
Industries such as car, aerospace, and electricity leverage Cloud HPC for walking complex simulations, optimizing designs, and decreasing time-to-marketplace.
Healthcare and Life Sciences:
In genomics, drug discovery, and clinical studies, Cloud HPC enables the rapid evaluation of large datasets, contributing to advancements in personalised medication and disease knowledge.
Future Outlook:
Edge Computing Integration:
The integration of Cloud HPC with aspect computing is expected to growth, allowing real-time processing for programs that require low-latency responses.
Quantum Computing:
As quantum computing advances, it could complement Cloud HPC, offering extraordinary computational competencies for positive styles of issues.
Enhanced Security Measures:
Continuous improvements in cloud security features will cope with worries surrounding statistics security, making Cloud HPC extra attractive to a much broader range of industries.
Conclusion:
Cloud High-Performance Computing represents a innovative technique to meeting the computational needs of current studies, simulations, and data analytics. Despite challenges, the blessings of scalability, accessibility, and cost efficiency function Cloud HPC as a key enabler for innovation throughout diverse sectors. Organizations willing to invest in this era stand to advantage a competitive facet in a information-pushed and computation-extensive technology.
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Irfan T
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