The cloud HPC market size is estimated to grow from $4.37 billion in 2015 to $10.83 billion by 2020, at an estimated compound annual growth rate of 19.9%. That’s according to a new market research report published by MarketsandMarkets.

The main factors driving the growth of cloud HPC are:
– complex applications management
– emergence of big data market
– adoption of the pay-as-you-go model

Cloud HPC makes it possible for enterprises to achieve rapid scalability for mission critical applications. Such services are faster and easy to deploy and require less capital and operating environment, enabling the enterprises to focus on their core business activities.

Advanced Clustering Technologies debuted its HPC cloud, ACTnowHPC, in 2015, offering the latest technology on bare metal hardware.

“Our HPC cloud offers an advanced computing environment in which users can make use of complex applications,” said Jim Paugh, Director of Sales at Advanced Clustering Technologies. “At Advanced Clustering, we are constantly growing our cloud ecosystem to support more applications in more disciplines to make HPC more accessible.”

The MarketsandMarkets report finds that small- and mid-size businesses and large enterprises are willing to spend more on cloud HPC because of its scalability and pay-as-you-go model.

End users in government, academia and research are expected to contribute the highest market share in the cloud HPC market. Other end user groups that are expected to grow in the next four years include media, entertainment and online gaming, design and engineering, and weather and environment.

The MarketsandMarkets report defines and segments the global Cloud High Performance Computing (HPC) Market on the basis of service types, deployment models, organization sizes, end users, and regions and provides an in-depth analysis and market size estimations.

Related: Read the MarketsandMarket report on Cloud HPC