target audience: TECH SUPPLIER Publication date: Mar 2023 - Document type: Market Forecast - Doc Document number: # US50507923
Worldwide Performance-Intensive Computing as a Service Forecast, 2023–2027: Strong Growth for Big Data Analytics, AI, HPC, and Engineering/Technical Workloads
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Abstract
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."