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Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global cloud high performance computing market 2020 is majorly driven by the increasing adoption of cloud-based services in several sectors. The research states that the worldwide cloud high-performance computing market is likely to value USD 22 billion, thriving at a CAGR of 21% during the assessment tenure from 2017 to 2023. There has been an expeditious technological development that has significantly fueled market growth. Besides, the surging demand for quality performance cloud computing in several sectors is further propelling the market. Moreover, there has been an increment in the availability of cloud-based service providers, which augments the market growth. On the flip side, the data security concerns and management solutions are hindering the growth of the market during the forecast period. The spread of coronavirus has affected market dynamics significantly. We will offer COVID-19 aftermath analysis with the report.
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Market Segmentation
The worldwide cloud high-performance computing market can be classified on the basis of component, services, industry vertical, deployment, and region.
Based on components, the worldwide cloud high-performance computing market can be classified into hardware and software. The hardware segment can be further classified into server, storage, and networking devices. The software segment can be further classified into analytics tools and clustering software. The professional service segment has been further classified into maintenance & support services, integration, and deployment service, and consulting service.
Based on services, the worldwide cloud high-performance computing market can be classified into managed services, professional services, and other services. Based on industry vertical, the worldwide cloud high-performance computing market can be classified into retail, banking and financial services, manufacturing, IT & telecommunication, healthcare, transportation, energy & utilities, and others.
Based on deployment, the worldwide cloud high-performance computing market can be classified into hybrid and public clouds.
Based on the region, the worldwide cloud high-performance computing market can be classified into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).
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