Impact of the Ukraine-Russia War on the Global Market for High Performance Computing Services in 2022
Amazon Web Services Inc., Dell Inc., Google LLC, International Business Machines Corporation, Microsoft Corporation, and Nimbix Inc. are major players in the high-performance computing as a service sector.
IDG Communications Inc., Adaptive Computing, Hitachi Ltd., Atos SE, Nvidia Corporation, Rescale Inc., Hadean Supercomputing Ltd., Super Micro Computer Inc., Intel Corporation, and Fujitsu Ltd. are among the companies that participate in cloud computing.
With a cumulative annual growth rate (CAGR) of 15.4%, the market for high-performance computing as a service is projected to increase from $8.14 billion in 2021 to $9.39 billion in 2022. At least temporarily, the Russia-Ukraine conflict hampered the possibilities of a COVID-19 pandemic-related global economic rebound.
Economic sanctions on other nations, a rise in commodity prices, and disruptions in the supply chain as a result of the conflict between these two nations have had an impact on numerous markets throughout the world.
At a CAGR of 15.3%, the market for high-performance computing as a service is anticipated to reach $16.6 billion in 2026.
The market for high-performance computing as a service is made up of companies (organisations, sole proprietors, and partnerships) that sell high-performance computing services. These companies are used to give existing systems the tools needed to handle massive amounts of data while performing complex calculations and giving customers high-level processing capacity with the aid of the cloud.
High-performance computing as a service, or HPCaaS, is the process of using parallel data processing to quicken computation and complete difficult calculations by pooling computing resources. This enables even advanced applications to operate successfully in line with customer demands and expectations.
Solutions and services make up the bulk of high-performance computing as a service. By supporting in terms of optimal performance, flexible deployment, and essential component management, HPCAAS solutions are used to enable effective management and customization of the workflow.
Private cloud, public cloud, and hybrid clouds are some of the different deployment options that are employed in a variety of sectors, including manufacturing, BFSI, healthcare, government, media and entertainment, and other sectors.
The market for high-performance computing as a service in 2021 was dominated by North America. The region with the quickest growth is anticipated to be Asia-Pacific during the projection period.
Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa are the territories included in this high-performance computing as a service market analysis.
The future expansion of the market for high-performance computing as a service is anticipated to be driven by an increase in data creation. Data generation is the process of creating datasets that are meant to be processed further in a database.
The ability to handle massive amounts of created data quickly using high-performance computing allows the user to gain insights more quickly and maintain an advantage over the competitors. For instance, a report published in April 2019 by the World Economic Forum.
A global non-governmental and lobbying group with headquarters in Switzerland, forecasted that by the year 2025, 463 exabytes of data—the equivalent of 212.77 million DVDs per day—would be produced globally every day. Therefore, the market for high-performance computing as a service is expanding as a result of an increase in data generation.
An important trend that is becoming increasingly popular in the high-performance computing as a service market is technological advancement. To maintain their position in the high-performance computing as a service sector, major companies involved in the industry are launching new technologies like Speed Cloud.
For instance, NextGen, an Indian technology company that offers data centre and cloud-based services, introduced SpeedCloud High-Performance Computing as a Service (HPCaaS) in July 2021 to encourage businesses, research institutions, and governmental organisations to adopt high-performance computing so that it is more widely accessible.
Utilizing cutting-edge CPUs, GPUs, and low-latency networks, Speed Cloud HPC-aaS enables users to complete large calculations quickly and at a lower total cost of ownership.
With this launch, NextGen’s product line has advanced further.
Hewlett Packard Enterprise (HPE), a US-based supplier of intelligent solutions and cloud-based services, paid $1.4 billion to purchase Cray Inc., the market leader in supercomputing, in September 2019. With this acquisition, HPE will be able to expand its market-leading offering in the rapidly developing HPC and AI market segments and strengthen its approach for addressing its clients’ most data-intensive challenges.
On HPE GreenLake, HPE plans to build HPC-as-a-service, cloud services for AI and machine learning, and incorporate Cray’s supercomputer technology into its product line. The US-based firm Cray, Inc. designs, produces, sells, and supports high-performance computing systems, also known as supercomputers.
The high-performance computing as a service market study includes data for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States.
The high-performance computing as a service market research report is one of a new series that provides statistics on the high-performance computing as a service market, including global high-performance computing as a service industry market size, regional shares, competitors with high-performance computing as a service market share, detailed high-performance computing as a service market segments, market trends and opportunities, and any additional information you may need to This market research study on high-performance computing as a service gives you a comprehensive view of everything you need and provides a detailed analysis of the existing and future situation of the sector.