What is Artificial Intelligence HPC Cloud Market?
HPC lets user process large amounts of data quicker than a standard computer, leading to faster insights and giving organizations to stay ahead of the competition. There are 3 type of Artificial Intelligence HPC Cloud Public Clouds, Private Clouds, and Hybrid Clouds. Organizations looking to adopt data science practices using AI and HPC stand to benefit greatly from multi-cloud choice, efficiency, and scalability. The global high-performance computing market size is expected to grow throughout the forecast period.
Highlights from Artificial Intelligence HPC Cloud Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Dell Technologies (United States), Intel (United States), Microsoft Corporation (United States), IBM (United States), Alibaba (China), Amazon Web Services, Inc. (United States), PARATERA (China), Tencent (China), Google (United States), Penguin Computing (United States), Advanced HPC (United States), Huawei (China), Rescale (United States), DataDirect Networks (United States) and Atos (France)|
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Artificial Intelligence HPC Cloud market throughout the forecasted period. Dell Technologies (United States), Intel (United States), Microsoft Corporation (United States), IBM (United States), Alibaba (China), Amazon Web Services, Inc. (United States), PARATERA (China), Tencent (China), Google (United States), Penguin Computing (United States), Advanced HPC (United States), Huawei (China), Rescale (United States), DataDirect Networks (United States) and Atos (France) are some of the key players profiled in the study.
Artificial Intelligence HPC Cloud Market Segmentation:
|Application / End User||Financial technology, Research Labs, Media and entertainment, Healthcare and Life Sciences, Government and Defense and Others|
|Type||Public Clouds, Private Clouds and Hybrid Clouds|
On the basis of geography, the market of Artificial Intelligence HPC Cloud has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Rising Trend for High Performance Computing Systems are Smaller, Simpler and Less Costly and Use of HPC in Financial Technology to Track Real-Time Stock Trends and Financial modelling
Market Growth Drivers:
Increasingly use in Organizations for Cloud Both Public and Private Especially When it Comes to HPC and AI workloads, Increasing Demand for Faster Processing Speed is Growing the Market and Improved Fraud Detection and Run High‑Performance Data Analytics (HPDA)
Cloud-based Services Innovation Without Constraints by Delivering Faster Results and Improved Flexibility
Some Organizations Remain Hesitant to Move their HPC Workloads to the Cloud, Due to Questions about Cost, Security and Performance
Rising Investment in R&D of Artificial Intelligence HPC Cloud, Growing Technology Improvement in HPC Cloud By the Key players and Increasing demand for time-efficient data processing with high levels of accuracy
Key Target Audience
Artificial Intelligence HPC Cloud Software Developer, Regulatory/Government Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
On July 27th 2021, Atos announced it has reached an agreement to acquire Nimbix, a global leading high-performance computing (HPC) cloud platform provider based in the US, to strengthen its HPC offering. With this acquisition, Atos, already a European leader in HPC, enhances its existing capabilities and position itself as a leader in HPC cloud enablement.
On 10th May 2021, Altair launched Altair One, a new cloud offering that gives customers access to its entire product suite–including AI, data analytics, high performance computing (HPC) resources, and computer aided engineering (CAE) design software–from a single platform. As the HPC market started to expand from academia into the private sector, Altair started developing software to help companies leverage HPC resources.