Cloud High Performance Computing Market Research Report - Forecast to 2027

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 2027

ID: MRFR/ICT/4360-HCR | December 2022 | Region: Global | 100 Pages         

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Cloud High Performance Computing Market Overview


The Cloud High Performance Computing Market size is expected to grow from USD 37.8 billion that was attained during the historic forecast period that had ended in 2019 to USD 22 billion by the end of the current period in 2023, at a global CAGR of 21% during the forecast period.


Cloud High Performance Computing provides improved analytics, faster product development cycles, and facilitates the modeling, simulating, and analyzing of data that demands a computing infrastructure. Cloud High Performance Computing solutions help in overcoming the supercomputing barriers and can further help in finding solutions to complex engineering and data analysis problems. Almost 50% of the total Cloud high-performance computing market revenue is contributed by the server solution, and the trend is expected to continue as such for the next 5 years. The major vendors offering Cloud High Performance Computing are IBM, HPE, Fujitsu, and Dell. Industry solutions are increasingly finding application in BFSI owing to the growing demand for high-frequency transactions and increasing government regulations in these areas. Moreover, industry solutions are being widely adopted for education and research purposes to facilitate research requirements in areas such as structural analysis, chemistry, astrophysics, and nuclear physics.


Cloud High Performance Computing Market COVID 19 Analysis 


According to the information that has been circulated by IBM, the outbreak of COVID-19 had an impact on the Cloud High-Performance Computing (CHPC) Consortium which is an initiative to facilitate supercomputing power to researchers working on projects related to COVID-19 entered into a phase of operation focused on enabling researchers to identify potential near term therapies for patients afflicted by the virus. Well-established vendors across the globe are collaborating with strategic partners and are taking initiatives to foster the use of CHPC to tackle COVID-19 with help of technology. Cloud High Performance Computing Market is used across different application areas from monitoring and mitigating the effects of climate change, producing safer and greener vehicles, increasing cybersecurity, and advancing the frontiers of knowledge across different scientific and research fields. The enhanced access to CHPC resources, as a part of the global market functioning, has helped in complex calculations and forecasts, simulation research for developing vaccines with the focus of containing the pandemic across the globe.


Cloud High Performance Computing Market Market Dynamics



  • Drivers


The main factor driving the growth of the Cloud high-performance computing market is the ability of Cloud High Performance Computing Market solutions to process large volumes of data with speed and accuracy. The industry verticals function in the form of prominent market segments where the market applications are encountering slow and inefficient data processing issues including areas like finance, medical, research, seismic exploration, and government, and others like defense. The quick-paced nature of the financial market which is additionally volatile makes vitality crucial so that the derivative valuations are processed faster and more accurately. In the medical field, the prominent emergence of market applications such as Computed Tomography (CT) scanning and Magnetic Resonance Imaging (MRI) require quick, accurate results from the processing regarding the complex algorithms. CHPC helps them in reducing the compute time considerably and simplifying the processes of the CT and MRI data quickly and with accuracy. Therefore, the increasing high-performance need across a variety of established fields for faster processing of data with high accuracy is one of the major factors driving the growth of the market during the ongoing forecast period that will be ending in 2028.



  • Restraints


The potential users in many SMEs lack awareness about the benefits of Cloud High Performance Computing and do not have the budget to set up such systems. SMEs in many developing nations are still skeptical about adopting Cloud High Performance Computing, due to the high investment costs involved. Many of them are unaware of the various advantages that Cloud High Performance Computing offers, such as better performance and customizable delivery. These enterprises also lack the technical expertise needed to establish and run a Cloud High Performance Computing system. However, cloud computing can boost the use of Cloud High Performance Computing among SMEs, as it will considerably cut down the costs for them.



  • Technology Analysis


With the growing demand for Cloud High Performance Computing solutions and increasing advancements in technology, organizations today are focusing on hybrid Cloud High Performance Computing solutions. IT teams are fiercely working on establishing a balance between cloud and on-premises CHPC solutions. Enterprises are scaling out on-premises CHPC resources as needed. Simultaneously, Cloud Service Providers (CSPs) have also started to offer turn-key Cloud High Performance Computing Market solution environments that are tailored to the specific workload needs of enterprises. A hybrid CHPC solution results in better efficiencies. Apart from this, it also helps in resolving security and privacy concerns as well as lowers the maintenance cost. Therefore, the increasing focus on hybrid Cloud High Performance Computing solutions is expected to provide tremendous opportunities for the growth of the Cloud high-performance computing market.


Segment Overview


The global Cloud High Performance Computing Market segmentation is elaborated as follows:


Based on Components



  • Solutions

  • Servers

  • Storage

  • Networking Devices

  • Software

  • Services

  • Design and Consulting

  • Integration and Deployment

  • Support and Maintenance, and Management


Based on Deployment



  • Cloud

  • On-premises


Based on Organization Size



  • Small and Medium-sized Enterprises (SMEs)

  • Large Enterprises


Based on the Server Price Band



  • USD 250,000 to 500,000 and Above

  • USD 250,000 to 100,000 and Below


Based on Application Areas



  • Government and Defense

  • BFSI

  • Education and Research

  • Manufacturing

  • Media and entertainment

  • Healthcare and Life Sciences

  • Energy and Utilities

  • Earth Sciences

  • Others (retail, transportation, travel and hospitality, and real estate)


Based on Regions



  • North America


    • US

    • Canada


  • Europe


    • UK

    • Germany

    • France

    • Rest of Europe


  • APAC


    • China

    • ANZ

    • Japan

    • Rest of APAC


  • MEA


    • KSA

    • South Africa

    • UAE

    • Rest of MEA


  • Latin America


    • Brazil

    • Mexico

    • Rest of Latin America



Cloud High Performance Computing Market Regional Analysis


The North American market is already mature for Cloud High Performance Computing Market, and a significant number of new installations of Cloud High Performance Computing Market and upgrades of the existing infrastructure systems have taken place to date, as a part of the ongoing forecast period. Currently, the United States (US) holds the highest share in the Cloud high-performance computing market as it is home to large telecom giants, well-established suppliers, as well as end-user industries that continuously adapt to newer technologies for improved business productivity and work efficiency.


Cloud High Performance Computing Market Competitive Landscape     



  • AMD (US)

  • Dassault Systems (France)

  • Intel (US)

  • NVIDIA (US)

  • AWS (US)

  • HPE (US)

  • Sugon (China)

  • IBM (US)

  • Atos (US)

  • Fujitsu (Japan)

  • Cisco (US)

  • Dell (US)

  • Lenovo (China) 


These players offer various Cloud High Performance Computing solutions to cater to the demands and needs of the market. Some major growth strategies are being adopted by the players including partnerships, acquisitions, collaborations and agreements, and new product launches/product enhancements.


Cloud High Performance Computing Market Recent Developments



  • In April 2021, Cloud High Performance Computing Market was awarded USD 40 Million SGD to build a new supercomputer for the National Supercomputing Centre (NSCC) Singapore, the national high-performance computing (CLOUD HIGH PERFORMANCE COMPUTING) resource center dedicated to supporting science and engineering computing needs for academic, research, and industry communities.

  • In April 2021, NVIDIA launched its first data center CPU, an Arm-based processor which delivers 10x the performance of the current fastest servers on the most complex AI and Cloud High Performance Computing Market workloads.

  • In November 2020, one of the prominent market companies - AMD launched the AMD Ryzen Embedded V2000 series processor that was developed using 7nm process technology. The processor is employed for better functioning of embedded applications, such as Thin Client, MiniPC, and Edge systems.

  • In November 2020, Intel collaborated with HPE, an American multinational enterprise information technology company, and Argonne, a science and engineering research national laboratory operated by UChicago Argonne for the Department of Energy, US. These companies entered into a collaboration to develop Aurora. Aurora is an exascale computer system to drive scientific breakthroughs, innovation, and discovery.

  • In July 2020, HPE partnered with the University of Edinburgh, EPCC, in Scotland. HPE aims to lay down rules and further, go for offers like the end-to-end infrastructure, such as HPE and AI solutions, that are being powered by HPE Apollo Systems and HPE Superdome Flex Servers.


Cloud High Performance Computing Market Report Overview


The global report covers the Cloud high-performance computing market by component (solutions and services), Deployment Type, organization size, server price band, application areas, and region. Among these components is sub-segmented as Solutions as services. Out of these, the services segment is expected to grow with a higher CAGR during the forecast period ending in 2028. Cloud High Performance Computing Market solutions are expected to be gaining traction among the industry verticals, owing to various advantages, like performance and scalability. With the increasing adoption of the Cloud High Performance Computing solutions, demand for Cloud High Performance Computing Market is expected to increase.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 22 billion
  CAGR   21%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, Services
  Geographies Covered   North America, Europe, Aisa Pacific
  Key Vendors   AMD (US) Dassault Systems (France) Intel (US) NVIDIA (US) AWS (US) HPE (US) Sugon (China) IBM (US) Atos (US) Fujitsu (Japan) Cisco (US) Dell (US) Lenovo (China)
  Key Market Opportunities   
  Key Market Drivers   The industry verticals function in the form of prominent market segments where the market applications are encountering slow and inefficient data processing issues including areas like finance, medical, research, seismic exploration, and government, and others like defense.


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Frequently Asked Questions (FAQ) :

The cloud high performance computing market can surge at 21% CAGR by 2023.

The cloud high performance computing market can value at USD 22 Bn by 2023.

Univa Corporation (U.S.), Adaptive Computing (U.S.), Gridcore AB (Sweden), and Hewlett Packard Enterprise (U.S.) are some reputed names in the cloud high performance computing market.

The growing popularity of PaaS can spur the global market of cloud high performance computing.

North America is expected to generate substantial revenue in the years to come.