Global High-Performance Computing Market Research Report, by Deployment (On Premise, On Cloud), by Vertical (BFSI, Manufacturing, Retail, Healthcare), by Component (Storage, Software, Server) – Forecast till 2023
Pune, India - September 25, 2018 /MarketersMedia/ —
High Performance Computing (HPC) Market - Overview
High Performance Computing can be simply defined as the method of accumulating computing power so that it can be utilized to deliver a relatively higher level of performance than that expected typically from a desktop station so as to enable it to solve complex problems in business or science. The need for high performance computing was felt due to demand for high processing speeds. Almost all of the high performance computer organizations build specialized applications for which they require months and in some cases years to be designed. These types of computers help in solving various kinds of recurring and complex problems more efficiently than one computer.
These computers can be used in many fields such as physical simulations, weather forecasting, quantum mechanics and molecular modeling to name a few. New products and increased level of competition in the economic aspect are some of the key factors which are driving the demand. Small to Medium size enterprises are utilizing high performance computers in their set up so as to effectively reduce their initial investments on implementation on hardware, building infrastructure etc. A report published by Market Research Future forecasted that, the Global High-Performance Computing Market has generated USD 31 billion in 2017 and is expected to reach a market value of USD 50 billion by 2023 growing with 8% CAGR.
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High performance computing has achieved a good rate of adoption worldwide due to the emergence of data centers and government investment is contributing to the growth of this market. This market is also growing in the scientific computing area because of its ability to deliver flexible & cost effective solutions. Improvements in cloud computing, big data convergence, new technology development and embedded processor solution are some of the other notable factors that are driving demand for this sector around the world.
Many governments bodies worldwide are understanding the importance of high performance computing as it can be extensively integrated across sectors such as communications, biotech and defense to name a few. However, some of the factors that can potentially limit growth of this sector are pricing, cost of computer resources and cooling & power.
HPC Market - Competitive Analysis
With the entry of industry players in the high performance computing segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and innovative products in the segment. With companies aiming to expand their share of the market segment as much as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. With a positive trend observed due to increase in demand from various areas of the market, the sector is set to continue its trend of growth.
The prominent players in the High Performance Computing Market are - 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.).Some of the other notable companies are Fujitsu Ltd (Japan), Oracle Corporation (U.S.), Dell Inc. (U.S.), Hitachi Data System Corporation (U.S.) among others.
Key Findings
• By Component, Server is dominating the high-performance computing market in 2017 and is expected to grow by12% CAGR, whereas, Networking Devices is projected to be the fastest growing segment.
• By Deployment: On-Premise deployment is dominating the market in 2017 whereas, On-Cloud is expected to be the fastest growing deployment method for HPC in coming future.
• By Vertical: BFSI is dominating the market in 2017 and is expected to grow by 8% CAGR. Whereas, IT & Telecommunication and Healthcare are expected to drive the market with highest CAGR, respectively during the forecast period 2017-2023.
• Geographically, North America region has been projected to hold the largest market share in the market whereas, Asia Pacific is expected to be the fastest growing market for high-performance
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Latest HPC Industry News:
13th October, 2017 Bulgaria has signed off on a European Declaration for High-Performance Computing through which they will join other EU countries to build the next generation of computing and data infrastructures. The countries who have signed off on the declaration will be creating a roadmap with implementation milestones to deploy the European exascale supercomputing infrastructure.
15th August, 2017 Microsoft acquires Cycle Computing which is a 12 year old Connecticut-based company that focuses on helping enterprises orchestrate high-performance computing jobs, large data workloads and other “big computing” jobs in the cloud. Microsoft intends to use the company’s expertise for improving its Azure service which is used for high-end workloads.
HPC Market – Regional Analysis
The regional analysis of high performance computing market is being studied for regions such as Asia-Pacific, North America, Europe and Rest of the World. 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.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Info:
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Email: sales@marketresearchfuture.com
Organization: Market Research Future
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Source: MarketersMedia
Release ID: 412301
