The examination is an ideal blend of both quantitative and qualitative data featuring key market augmentations, challenges that industry and rivalry are trying alongside segmentation and new opportunities accessible and pattern in the High Performance Computing Market.
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Key Trends in Global High Performance Computing Market
One of the key factors driving the expansion of the HPC industry is the rising requirement in various sectors for faster data processing with high precision. Furthermore, the rising popularity of cloud computing, along with various governments’ digitalization ambitions, will play a key role in propelling market expansion throughout the forecast period. Furthermore, the market is expected to increase due to the expansion of the IT sector, improvements in virtualization, and ongoing diversification.
The worldwide High-Performance Computing Market is being driven by the usage of HPC in cloud computing. Low cost of maintenance and efficiencies are just a few of the advantages of cloud HPC. Furthermore, HPC on the cloud allows for the creation of a larger community of businesses that are new to high-end computing, supporting them in harnessing the benefits of low operational expenditure (OPEX) and overcoming power and cooling issues.
The use of AI in the medical field to aid healthcare professionals in diagnosis has been a major facilitator for the acceptance of these technologies in commercial applications. For example, AI Image Recognition is used to detect cardiovascular diseases, fractures, and other illnesses. Such solutions have been critical in lowering the industry’s already heavy strain.
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.
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key market players are given here-
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)
