The
global High
Performance Computing (HPC) Market size is expected to reach USD 59.65
billion by 2025, according to a study conducted by Grand View Research, Inc. It
is anticipated to expand at a CAGR of 7.2% over the forecast period. High
performance computing can be categorized into High Performance Technical
Computing (HPTC) and High Performance Business Computing (HPBC). HPTC is widely
used in fields like science and engineering. It is particularly used by
government and defense agencies, educational and research institutions, and
incumbents of manufacturing industry, among others. On the other hand, HPBC is
suitable for applications, such as gaming and fraud detection. Logistics
companies and providers of financial services, among others, also opt for HPBC.
The rising popularity among manufacturing companies, government departments,
and defense agencies is particularly driving growth of the HPC market.
High
performance computing envisages a cluster of computers that can run long
algorithms and solve complex problems and equations at speeds and accuracies
higher than those offered by the conventional computing. Previously, HPC was
used only by the navigation and aerospace industries. However, diversification
of the IT industry, growing adoption of cloud computing, continuous
developments in artificial intelligence, and the rising need for business
analytics are prompting various end-use industries to adopt HPC.
Data
centers particularly require an architecture capable of processing large
volumes of data. HPC components can ensure adequate computing power for such
data centers. Various other organizations also adopt HPC to process their data
at higher speeds and accuracies and to simplify their complex business
procedures. Research and academic institutions have also started adopting high
performance computing systems to ensure the computational efficiency required
during the initial stages of research.
The
high computational capabilities offered by HPC systems have paved the way to
execute high-end research projects previously deemed impossible. As such, HPC
systems can be helpful in several fields, including computational biology,
genetics, medicine, structural analysis, geophysics statistics,
electromagnetism, nuclear physics, astrophysics, and mathematical modeling,
among others. Similarly, the high efficiency offered by high performance
computing can help researchers in undertaking research activities in various
fields, such as deep neural networks, human genome mapping and modeling, and
artificial intelligence, among others.
Vendors
of high performance computing are increasingly focusing on delivering enhanced
solutions that can cater to various requirements. These solutions may include
basic configurations and management tools that are easy to deploy and are
capable of adapting to the changing workloads. Although the application
portfolio of high performance computing is growing continuously; the looming
lack of awareness, budget constraints at small- and medium-sized enterprises,
and concerns over data security are some of the factors hindering growth of the
high performance computing market.
Browse Details of report @ https://www.grandviewresearch.com/industry-analysis/high-performance-computing-market
Further key findings from the study suggest:
- The
on-premise segment held the largest market share in 2017. However, the
cloud segment is expected to expand at the highest CAGR of over 8.0% over
the forecast period owing to the benefits, such as cost-effectiveness,
scalability, ease of deployment, and stronger security associated with
cloud deployment
- The
government and defense segment held the largest market share in 2017 and
is also expected register the highest CAGR over the forecast period. This
growth can be attributed to rising adoption of HPC in surveillance,
aircraft simulation, and encryption and decryption of confidential
information
- North
America is anticipated to witness a significant growth over the forecast
period. New supercomputing facilities are coming up in the region in line
with the advances in technology, which bodes well for the regional market
growth. U.S. is home to the top-5 supercomputers and the U.S. HPC market
held the largest market share of over 60% in 2017 and is expected to lead
the regional growth over the forecast period
- The high
performance computing market is highly consolidated and competitive. Atos
SE; Advanced Micro Devices, Inc. (AMD); Cray Research, Inc.; Dell
Technologies, Inc.; and Cisco Systems, Inc. are some of the leading market
players
- Key industry
players are striking partnerships and collaborating with each other as
part of their efforts to strengthen their market position. For instance,
in September 2017, Cray Research Inc. entered into a strategic partnership
with Seagate. The partnership envisages the former procuring drives,
containers, controllers, and other components related to the high
performance computing technology from the latter.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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