Product Code: RP-ID-10154365 |
Published Date: 21 Mar 2025 |
Region: Global |
Category: ICT & Telecom |
Report ID: 10154365
Market Overview:
Cloud High Performance Computing Market Analysis by Deployment (Public, Private, and Hybrid Cloud); by Component (Hardware, Software, and Services); and by End User (Defense, Finance, Government, Design & Engineering, Education, Media & Entertainment, and Others)-Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Definition of Cloud High-Performance Computing Market
High-performance cloud computing refers to cloud clustering several computers together to aggregate the computational power to perform complex calculations at high speeds. HPC computing is used to increase the capacity to run HPC workloads, adapt the hardware resources to the individual HPC job, testing and benchmarking new hardware, and save money and time on ISV software licenses.
Cloud High-Performance Computing Market Scope
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~20% |
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Base Year Market Size (2022) |
~ USD 34 Billion |
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Forecast Year Market Size (2035) |
~ USD 65 Billion |
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Regional Scope |
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Global Cloud High-Performance Computing Market Highlights Over 2023 - 2035
The global cloud high-performance computing market is estimated to garner a revenue of USD 65 billion by the end of 2035 by growing at a CAGR of ~20% over the forecast period, i.e., 2023 – 2035. Further, the market generated notable revenue of 34 billion in the year 2022. The primary factor estimated to foster the growth of the global cloud high-performance computing market is exponential growth in data traffic over the internet. It is estimated that around 460 exabytes of data are likely to be produced each day globally by 2025.
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The growth of the global cloud high-performance computing market is also witnessed by the popularity of hybrid cloud. Companies are preferring and adapt hybrid cloud deployment to meet their scalability need and security requirement. In the opinion of around 60% of users, a hybrid cloud will be a game changer for resolving security issues and nearly 20% of IT pros have shown interest in the feature of cross-operation between the private and public cloud. Furthermore, demand for HPC by government entities is anticipated to fuel the market growth over the forecast period.
Global Cloud High-Performance Computing Market: Growth Drivers and Challenges
Growth Drivers
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Cloud Aiding the Use of Machine Learning - Out of the total barriers coming in the way of advanced technologies, around 64% is attributed to a lack of professionals with the required skill set. A lack of machine learning engineers prevents machine learning from being used to its full potential. Therefore, the incorporation of the cloud eases the use of machine learning by enterprises.
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Ascent in Autonomous Vehicle Deployment - The lowest level of the automated vehicle with minimal sensors generates approximately 25 Gigabytes of data per hour. The autonomous vehicle receives huge data from various sensors to enhance automated driving decisions. Cloud computing plays a critical role in managing this data.
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Increasing Emergence of Big Data - Every minute around 66,000 photos are posted on the social media platform, Instagram, while approximately 4,50,000 tweets are composed and videos worth around 500 hours are uploaded on YouTube Large and diverse information is rapidly growing owing to the mobile app, social media, sensitive information, corporate data mining, and others.
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Rising Weapon Management in Defense - For instance, The Defence Cloud by Thales provides the agility of approximately 99% or more even in restricted areas. Moreover, it enhances operational efficiency by three times.
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HPC Enhancing Geospatial-Intelligence - By using specific software and an HPC system, now the GPU system has the capability of mapping around 200-square-mile cities in detail from satellite images, in less than 20 seconds. The advanced algorithm is perquisite for mapping large areas and further extracting and interpreting satellite image features.
Challenges
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High Power Consumption by HPC Systems
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Postponing of Upgradation of Computing Equipment
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High Capital Investment in Computing Equipment - HPC systems require high power to function. Power consumption by an HPC system is sometimes equal to the power used by commercial and residential users of a small city. Therefore, getting access for its power supply by HPC operators becomes a challenge.
The global cloud high-performance computing market is segmented and analyzed for demand and supply by deployment into public, private, and hybrid clouds, out of which, hybrid cloud is anticipated to hold the largest market size by the end of 2031. A hybrid cloud is mostly chosen by companies owing to their ability to select the most suitable cloud to run a particular work. It increases the agility of the IT department by offering interoperability between public and private clouds. As of 2022, around 75% of enterprises have installed a hybrid cloud in their workspace.
Global Cloud High-Performance Computing Market Regional Synopsis
Regionally, the global cloud high-performance computing market is studied into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2031. The growth of the market in the region can be attributed to the increase in the implementation of cloud systems in the workspace. It is estimated that around 94% of U.S. enterprise are using at least any one cloud, a hybrid being the most popular choice. Furthermore, spiking HPC deployment for weather forecasting & research and advancement in technology is expected to drive market growth in the region during the forecast period.
Market Segmentation
Our in-depth analysis of the global cloud high-performance computing market includes the following segments:
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By Deployment |
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By Component |
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By End User |
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Key Companies Dominating the Global Cloud High-Performance Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cloud high-performance computing market that are included in our report are Intel Corporation, Microsoft Corporation, Fujistu Ltd., Amazon Web Services, Inc., IBM Corporation, NVIDIA Corporation, Lenovo Group Ltd., NEC Corporation, Dassault Systemes SE, Advanced Micro Devices Inc., and others.
Global Cloud High-Performance Computing Market: Latest Developments
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February, 2022: Advanced Micro Devices Inc., announces the selection of 3rd generation AMD EPYC for powering C2D machine of Google Cloud, in order to bring customers stronger performance and figure out power for HPC workloads.
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November, 2018: Intel, announces the launch of the 48-core Cascade Lake Advanced Performance Processor. It is the first multi-chip package design Xeon CPUs in the market.
Key Reasons to Buy Our Report
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The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
- Intel Corporation
- Microsoft Corporation
- Fujistu Ltd.
- Amazon Web Services, Inc
- IBM Corporation
- NVIDIA Corporation
- Lenovo Group Ltd.
- NEC Corporation
- Dassault Systemes SE
- Advanced Micro Devices Inc.
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