The cloud high-performance computing market is expected to register a compound annual growth rate [CAGR’ of over 12.28% during the forecast period, 2019 to 2024, according to Research and Markets (www.researchandmarkets.com). The emergence of big data and complex applications such as ultra-high definition workflows, electronic design automatic simulations, etc. management across various industries are influencing a positive growth of this market, notes the research group.
Whaat’s more, the incorporation of machine learning is growing, to achieve a brand advantage, especially in the public-centric services with every major player investing in this technology, according to Research and Markets. This is supported by cloud high-performance computing which helps in database management with reduced cost and higher speed.
Research and Markets adds that, further, with the increase in deployment of autonomous vehicles across many industries, including aerospace, healthcare, automotive and e-commerce. From factories to distribution centers, the company’s vehicles are useful for any business, and thus to run that process smoothly, lots of software runs simultaneously. This is where high-performance computing (HPC) becomes extremely important.
For instance, in November 2018, Intel had unveiled Cascade Lake Advance Performance (AP), a 48-core Xeon variant aimed at the high-performance computing crowd. Intel characterized the new AP processor line as designed for the most demanding high-performance computing (HPC), artificial intelligence (AI) and infrastructure-as-a-service (IaaS) workloads.
However, Research and Markets says the rising concerns related to the safety and legitimate use of this data is a major challenge for the growth of this market.