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.
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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.
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