High Performance Computing (HPC) Market Escalates to USD 33 Billion by 2022 at 5% of CAGR

PUNE, India, Aug. 8, 2017 /PRNewswire/ -- Market Research Future published a half-Cooked research report on "Global High-Performance Computing (HPC) Market Research Report - Forecast to 2022" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

IBM Corporation (U.S.), Hewlett-Packard Company (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Cisco Systems, Inc. (U.S.), Advanced Micro Devices, Inc. (U.S.), Fujitsu Ltd (Japan), Oracle Corporation (U.S.), Dell Inc. (U.S.), and Hitachi Data System Corporation (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global High-Performance Computing (HPC) Market.

High Performance Computing (HPC) Market - Overview

The Global High-Performance Computing (HPC) Market is growing with the rapid pace; mainly due to the high demands for scientific advances, industrial innovation and economic competitiveness. In 2015, sales of HPC systems were a lot higher than predicted, according to a recent study report published by the Market Research Future, the global High Performance Computing (HPC) Market will continue to outpace the overall IT market with prominence over the forecast period.  The global High Performance Computing Market is expected to grow at approximately USD 33 Billion by 2022, at a CAGR of approx. 5% between 2016 and 2022.

The high-performance computing currently is playing a significant role in training and simulation, on-board systems for navigation, defence, and attack; and command, control, communications, intelligence, computers, surveillance, and reconnaissance. HPC is emerging as a prominent technology for the national defence and security requirements.  High performance computing contributes substantially to the design and development of advanced vehicles and weapons, planning and execution of operational military scenarios, the intelligence problems of cryptanalysis and image processing, the maintenance of nuclear stockpile. Due to which nations and regions across the world, as well as businesses, are increasing their investments in high performance computing. In addition, the global race to achieve exascale performance will propel the market growth of HPC. Moreover, HPC's need in big data market or a high performance data analysis, or HPDA is contributing to the market growth of HPC. On the other hand, HPDA challenges have moved HPC to the forefront of R&D for machine learning, deep learning, artificial intelligence, and the Internet of Things.

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However, the high computational cost of technology may pose as a restraint to the HPC market growth.  Adversely, the advancement in technology across several domains is leading to the emergence of high performance computing market. The vertical of high performance computing is growing at a rapid rate. High performance computing techniques is mainly used in myriad defence and aerospace verticals.

The internet revolution, increase in computational complexity, emergence of big data and the high amount of governmental interest and investments are some of the factors that foster the market growth of HPC. New innovative HPC models dictate a huge growth potential across industries, besides opportunities in cloud computing, improvement in storage and data management conveniences are some of prominent factors that provide impetus to the market growth of HPC.

The high computing software offers a solid framework for solving the challenging, large-scale mathematical problems. It also includes automatic parallelism, multithreaded programming, multi process programming on the local grid, grid computing and math-aware programming language.

High Performance Computing (HPC) Market - Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of High Performance Computing (HPC) appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Vendors compete based upon pricing, Technology and services.  Growth potential demonstrated by the market is likely to attract many entrants to market; which will further result in fierce competition in the global market.

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High Performance Computing (HPC) Market – Segments

Global High-Performance Computing (HPC) Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.

Segmentation by Component: Comprises - Software, Network Devices, Servers, and Storage.

Segmentation by Deployment: Comprises - On-Cloud and On-Premises.

Segmentation by Verticals: Comprises - Retail, Manufacturing, BFSI, IT and Telecommunication, Healthcare, Energy & Utilities, Transportation and Other.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

HPC Market - Regional Analysis

The North America region is leading in the high-performance computing market followed by Europe. Due to technological advancement in that region and early adoption of technology by several industries has aided in the development of HPC market in North America. Europe HPC market follows next due to huge investments by big enterprises and small-scale enterprises in this region. Asia-Pacific is expected to witness highest growth in high performance computing market as HPC servers is expected to gain maximum market share by the forecast period. The growth of APAC region is attributed to the huge investment by the government and private sectors into the emergence of big data has increased the demand for systems that can handle a more data-intensive workload. HPC clusters are systems that can easily handle vast amount of data and extensively support high-performance data analysis. Also because of the presence of leading technology players in that region. Japan is developing a new supercomputer that could be among the world's fastest systems.

Browse Related Report

Globally High-Performance Data Analytics (HPDA) Market is expected to grow at the rate of more than ~18% from 2016 to 2022.

https://www.marketresearchfuture.com/reports/high-performance-data-analytics-hpda-market-1828

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