In a recent published report, Kenneth Research has updated the market report for Cloud High Performance Computing Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cloud High Performance Computing Market products.
Kenneth Research, in its repository of market research reports, have recently added a report on Cloud High Performance Computing Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The XYZ is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017.
On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2030.
The Cloud High Performance Computing Market is majorly affected by the recently hit global pandemic, COVID-19, which has devastated several businesses worldwide. Although, the ICT industry has observed a significant rise in the utilization of cloud applications, yet several manufacturing organizations in the ICT industry are facing significant issues, especially in places where the ICT infrastructure is not that satisfactory.
we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to our research team, the Global Cloud High Performance Computing Market was valued at USD 920.7 million in 2017 and is projected to reach USD 3621.01 million by 2025, growing at a CAGR of 18.7% from 2018 to 2025. Our research study mainly includes an in-depth study of the market which includes major drivers, restraints, opportunities and challenges faced in the market along with the latest industrial trends.
Final Report will add the analysis of the impact of COVID-19 on this industry.
With growing advancement in technology, the amount of big data and cloud computing solutions is also increasing causing harm to the storage capacity of systems and hampering the speed. This brings in a need to reform our computing market by providing high speed services. The cloud high performance computing provides an edge over the basic set of regulations and standards. It enhances the computer groundwork and gives a more reliable and rapid platform for the engineers to work.
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Emergence of big data analytics market and adoption of cloud computing solutions for industrial digitization and automation are two main aspects which enhances the market for cloud high performance computing. These characteristics can probably accelerate the market at a global status whereas risk of damage to the important and highly confidential information might act as a potent market restraint and hinder the growth of the overall market.
The “Global Cloud High Performance Computing Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as IBM Corporation, Google, Microsoft, Dell, Amazon Web Services, Intel and many more. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the “Global Cloud High Performance Computing Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, application and geography.
On the basis of type, the Global Cloud High Performance Computing Market can be categorized as public, private and hybrid. This market study also features the market analytics based on the application. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
Chapter 1 INTRODUCTION OF GLOBAL CLOUD HIGH PERFORMANCE COMPUTING MARKET 12
1.1 Market Overview 12
1.1.1 HPC AND CLOUD COMPUTING 13
1.2 Market Segmentation 13
1.3 Assumptions 14
Chapter 2 EXECUTIVE SUMMARY 15
2.1 Global Cloud High Performance Computing Market, By Type (USD Million) 15
2.2 Global Cloud High Performance Computing Market, By Application (USD Million) 16
2.3 Global Cloud High Performance Computing Market, By Geography (USD Million) 17
Chapter 3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH 18
3.1 Data Mining 18
3.2 Validation 19
3.3 Primary Interviews 20
Chapter 4 GLOBAL CLOUD HIGH PERFORMANCE COMPUTING MARKETOUTLOOK 21
4.1 Market Dynamics 21
4.1.1 Drivers 21
126.96.36.199 Emergence of Big Data Market 21
188.8.131.52 Adoption of Pay-As-You-Go Model 22
4.1.2 Restraints 23
184.108.40.206 Risk of information loss 23
4.1.3 Challenges 23
Chapter 5 GLOBAL CLOUD HIGH PERFORMANCE COMPUTING, BY TYPE 25
5.1 Overview 25
5.2 Public Cloud 27
5.3 Private Cloud 28
5.4 Hybrid Cloud 29
Chapter 6 GLOBAL CLOUD HIGH PERFORMANCE COMPUTING, BY APPLICATION 30
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