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Worldwide Performance-Intensive Computing as a Service Forecast, 2023–2027: Strong Growth for Big Data Analytics, AI, HPC, and Engineering/Technical Workloads

Publisher IDC
Published Mar 31, 2023
Length 25 Pages
SKU # IDC17840709

Description

Worldwide Performance-Intensive Computing as a Service Forecast, 2023–2027: Strong Growth for Big Data Analytics, AI, HPC, and Engineering/Technical Workloads

This IDC study provides our 2023–2027 forecast for the performance-intensive computing as a service (PICaaS) market."IDC is projecting significant growth in the performance-intensive computing as a service market, which measures the revenue that providers generate from offering compute instances, storage, and software for Big data and analytics, AI, HPC, and engineering/technical workloads," said Madhumitha Sathish, research manager, High Performance Computing, IDC. "These workloads all demand more advanced technologies, and cloud service providers are investing heavily to capture market share in a market that will grow to $103.1 billion by 2027."

Please Note: Extended description available upon request.

Table of Contents

25 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Formulate an End-to-End Bundled Performance-Intensive Computing as a Service Product Offering
Demonstrate a Secure and Compliant Cloud Infrastructure
Segment the Prospects by Their Level of Enterprise Intelligence and Communicate on Early Vendor Engagement Opportunities and Costs Transparency
Align Teams with Performance-Intensive Computing Capabilities and Demonstrate Abilities to Work with Evolving Roles such as Chief Data Officer
Be a Trusted Advisor of Hybrid Deployment Models for Performance-Intensive Computing Workloads, Offer Multicloud Support, and Showcase a Strong Partner Ecosystem
Market Forecast
Performance-Intensive Computing as a Service Market
Big Data and Analytics
Artificial Intelligence
High-Performance Computing
Engineering/Technical
Performance-Intensive Computing as a Service as a Percentage of the Total aaS Market
Market Context
Drivers and Inhibitors
Drivers
Performance-Intensive Computing Goes Mainstream and Is Considered Mission Critical
Growing Number of Enterprises Identifying Themselves as Digital Businesses
Inhibitors
Complexity in Managing Hybrid Technologies and Lack of HPC Talent Within Enterprises
Transferring of Workloads from the Public Cloud into Dedicated IT Environments May Affect Market Growth
Disrupted IT Spending Plans
Significant Market Developments
March 2023
February 2023
January 2023
December 2022
November 2022
October 2022
September 2022
July 2022
June 2022
May 2022
April 2022
March 2022
Changes from Prior Forecast
Market Definition
Definitions
Performance-Intensive Computing
Performance-Intensive Computing as a Service
Artificial Intelligence as a Service
Artificial Intelligence Software Technology Definitions
Artificial Intelligence Platforms
AI Applications
AI Application Development and Deployment
AI System Infrastructure Software
Big Data and Analytics as a Service
High-Performance Computing as a Service
Engineering/Technical as a Service
Methodology
Related Research

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