The High Performance Computing As a Service by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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In the dynamic landscape of High Performance Computing as a Service (HPCaaS), meticulously analyzed by The Business Research Company, the market has exhibited robust growth. Surging from $9.72 billion in 2023 to a projected $10.55 billion in 2024, the market is characterized by a commendable compound annual growth rate (CAGR) of 8.5%. This compelling expansion in the historic period is attributed to an escalating demand for computational power, the imperative of cost efficiency, the proliferation of big data analytics, heightened investments in research and development, and the pervasive trends of globalization and collaboration.

Looking forward, the HPCaaS market is poised for rapid growth, with a projected valuation of $15.92 billion in 2028, reflecting a notable CAGR of 10.8%. This anticipated surge in the forecast period is underpinned by key factors, including breakthroughs in technology, the convergence of edge computing and the Internet of Things (IoT), the transformative influence of artificial intelligence (AI) and machine learning (ML), and the burgeoning adoption of industry-specific applications. Salient trends in this envisaged period encompass continuous advancements in cloud technologies, the ever-growing demand for flexibility and scalability, the diversification of industry applications, and the rising prevalence of hybrid and multi-cloud deployments. This confluence of factors not only underscores the pivotal role of HPCaaS in the technological landscape but also positions it as an indispensable enabler for innovation across diverse industries.

An increase in data generation is expected to propel the growth of high-performance computing as a service market going forward. Data generation refers to the generation of datasets that are intended to be further processed in a database. High-performance computing enables the user to quickly handle enormous amounts of data generated, resulting in quicker insights and the capacity to stay one step ahead of the competition. For instance, according to a report released by the World Economic Forum, a Switzerland-based international non-governmental and lobbying organization, by the year 2025, it is predicted that 463 exabytes of data, the equivalent of 212.77 million DVDs per day, is expected to be generated globally each day. Therefore, an increase in data generation is driving the high-performance computing as a service market growth.

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The high performance computing as a service market covered in this report is segmented –
1) High Performance Computing As a Service Market By Component: Solutions, Services
2) High Performance Computing As a Service Market By Deployment Type: Private Cloud, Public Cloud, Hybrid Cloud
3) High Performance Computing As a Service Market By Industry Vertical: Manufacturing, BFSI, Healthcare, Government, Media and Entertainment, Other Industry Verticals

Technological advancements are a key trend gaining popularity in the high-performance computing as a service market. Major companies operating in the high-performance computing as a service market are introducing new technologies such as SpeedCloud to sustain their position in the high-performance computing as a service market. For instance, in July 2021, NxtGen, an India-based technology company that provides data center and cloud-based services, launched SpeedCloud High-Performance Computing as a Service (HPCaaS) to make high-performance computing more widely adopted by businesses, research institutions, and governmental organizations to enable mainstream accessibility. SpeedCloud HPC-SaaS leverages modern and advanced CPUs, GPUs, and low-latency networks, helping its users perform massive calculations in a matter of minutes and providing lower TCO. This launch represents another step forward for NxtGen’s product portfolio.

The high performance computing as a service market report table of contents includes:

1. Executive Summary

2. High Performance Computing As a Service Market Characteristics

3. High Performance Computing As a Service Market Trends And Strategies

4. High Performance Computing As a Service Market - Macro Economic Scenario

5. Global High Performance Computing As a Service Market Size and Growth

......

31. Global High Performance Computing As a Service Market Competitive Benchmarking

32. Global High Performance Computing As a Service Market Competitive Dashboard

33. Key Mergers And Acquisitions In The High Performance Computing As a Service Market

34. High Performance Computing As a Service Market Future Outlook and Potential Analysis

35. Appendix

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