High Performance Computing Market
Market Scenario
Market Research Future (MRFR), in its latest report on the Global High performance computing (HPC) 2020, reveals dynamics of the forces that governs the market. A complete assessment of the influence of COVID 19 on high performance computing market is also offered to along with the report. As per MRFR analysis, the expansion of the high performance computing market can attributed to mounting complexities of computational capabilities to resolve business issues. MRFR study states that the High Performance Computing Market can rise at 8% CAGR in the assessment period. By 2023, the High Performance Computing Market can value at USD 50 billion from USD 31 billion in 2017. The rapid adoption of HPC in steel and welding, aerospace, automotive, manufacturing, and healthcare, finance, consumer packaged goods, energy consumption and production, weather forecast, and space research at a global scale can promote the expansion of the market in the review period. On the contrary, lack of expertise can hinder the high performance market rise.
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Segment Analysis:
The segmented evaluation of the High Performance Computing market is done by verticals, component, and deployment.
The component based segments of the high performance computing market are networking devices, server, storage, and software.
The Component Server based segments of the high performance computing market is expected to generate the highest turnover for the market across the analysis period. The Component Server segments can cause the high performance computing market to rise at 12% CAGR in the analysis period. The Networking Devices segment is observed to be the rapidly growing segment.
The deployment based segment of the high performance computing market are on-premise, and on-cloud. The On-Premise deployment segment of the HPC market is expected to thrive due to rise in on-premise deployment method for HPC.
The vertical based segments of the high performance computing market are BFSI, retail, IT & telecommunications, energy & utilities, manufacturing, healthcare, and transportation among others. The BFSI segment can dominating in the review period and can contribute to the market rise by 8% CAGR. The Healthcare and IT & Telecommunication segments are expected to contribute largely to the expansion of the HPC market in the review period 2017-2023
Regional Analysis:
Global trends of the high performance computing market is studied across North America, Europe, Asia Pacific, and the Rest of the World. MRFR regional study reveals that the high performance computing market in North America can secure the largest market share in the assessment period; whereas the high performance computing market in the Asia Pacific region is likely to rise exponentially. Driven by technological advancements the high performance computing market in North America region can rise at a high pace across the assessment period. The presence of developing supercomputing facilities in the US can promote the expansion of the high performance computing market in North America across the study period. The market in Canada is likely witness a rapid expansion of the market in the near future. In Asia Pacific, the performance computing market is expected to experience the fastest rise in the analysis period due to surge in the adoption of HPC for research activities and weather forecasting applications. The HPC market in the Rest of the World can expand at a steady growth rate in the forecast period.
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Key Players:
Oracle Corporation, Intel Corporation, Hewlett Packard Enterprise Company, Dell, Inc., IBM Corporation, Fujitsu Ltd, Hitachi Ltd, Cisco Systems, Inc., Advanced Micro Devices, Inc., and Microsoft Corporation are some reputed developers of High Performance Computing solutions as listed by MRFR.
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