Cloud HPC Market Report, Global Size, Share, Emerging Trends, Business Growth, Gross Margin Analysis, Competitive Landscape, Segmentation and Regional Forecast 2027
Market Analysis Market Research Future (MRFR) estimates the global cloud high-performance computing market to reach USD 22 billion at a 21% CAGR from 2017 to 2023 (forecast period). Cloud high-performance computing increases the computing capability as compared to non-cloud deployment. The cloud is being used by a variety of organizations and industry verticals for high-performance computing in biological sciences, chemical engineering, computer-aided engineering and mechanical design & analysis, digital content creation & distribution, and many more scientific domains. Cloud high-performance computing provides extra capacity for excess workloads, lowering capital costs and providing access to specialized hardware, software, or other resources. The use of the cloud for high-performance computing has increased significantly. Currently, approximately 25% of organizations use cloud high-performance computing, and this figure is expected to rise substantially duri...