Global High Performance Computing Market Is Likely to Experience a Tremendous Growth in Near Future
The High-Performance Computing market was valued at USD 41.91 Billion in 2020, and it is expected to reach a value of USD 63.45 Billion by 2027, at a CAGR of 6.10% over the forecast period (2020 - 2027).
High-performance computing, often known as supercomputing, entails the use of parallel processing to analyze data at faster speeds and accuracies, as well as efficiently generate outputs. Parallel processing reduces the amount of time it takes to perform algorithms by spreading program instructions across several processors. HPC systems typically consist of a group of computers with enough computing capacity to perform complex calculations. In other words, high-performance computing (HPC) technologies can make complicated commercial processes easier. As a result, HPC systems are projected to become increasingly popular.
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The capacity of HPC systems to process large quantities of data quickly and accurately is a key element driving the market's growth. In several industries, there is a growing demand for high-efficiency computing.
This report provides in-depth analysis of Global High Performance Computing market. We have analyzed 20+ data points that include product price trends, consumer purchase patterns, company annual sales performance, COVID-19 impact on distribution channels, parent industry performance, regional trends, and technological innovations, for tracking the Global market size and performance in the recent years.
Global High Performance Computing Market Segmentation
The Global High Performance Computing market is segmented based on Component, Deployment, and Region. Based on Component it is categorized into: Servers, Storage, Networking Devices, Software, Services, Cloud, Others. Based on Deployment it is categorized into: On-premises, Cloud. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
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Global High Performance Computing Market: Impact of COVID 19
There has been a huge impact of COVID across the high-performance computing market and HPC has proven useful to researchers across the world. For instance, The COVID-19 High-Performance Computing Consortium has been launched by the White House to provide COVID-19 researchers throughout the world with high-performance computing resources. This measure will provide researchers access to some of the world's most powerful high-performance computing capabilities, potentially speeding up scientific discoveries in the fight against the virus.
Global High Performance Computing Market: Regional Dynamics
In terms of geography, the HPC market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. Over the projection period, the Asia Pacific area is predicted to have the greatest CAGR. Countries like China and Japan are key contributors to the region's increased market share and growth. North America had the greatest share of the market. It is because the area is the most important regional market for technology-based solutions. It is also expected to have a significant role in the global economy, particularly in the application and new technologies.
Key players in High Performance Computing market are:
· Atos SE
· Advanced Micro Devices, Inc. (AMD)
· Cray Research, Inc.
· Cisco Systems, Inc.
· Dell Technologies, Inc.
· Fujitu Limited
· Hewlett Packard, Inc. (HP)
· Intel Corporation
· International Business Machines Corporation (IBM)
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