PUBLISHER: IDC | PRODUCT CODE: 1249595
PUBLISHER: IDC | PRODUCT CODE: 1249595
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."
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
- Demonstrate a Secure and Compliant Cloud Infrastructure
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
- Drivers
- 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
- Performance-Intensive Computing
Methodology
Related Research
