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High Performance Computing Market Business Strategy, Future Plans, Development Status and Trends by Forecast 2027

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Dhanashree Daware
High Performance Computing Market Business Strategy, Future Plans, Development Status and Trends by Forecast 2027

Market Highlights

According to Market Research Future, High-performance Computing market is estimated to generate USD 50 billion market revenue by 2023 growing with 8% CAGR during the forecast period. Some of the drivers supporting the growth of the global High-performance Computing market include, a higher rate of HPC adoption in government, industrial, and enterprise application, need for high computational capabilities and & complex application management, and adoption of cloud high-performance computing. However, lack of expertise & high cost in HPC maintenance and advancement in high-performance workstations are some of the factors restraining the market growth of high-performance computing in the coming future.

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Segmentation:

High-performance Computing Market is segmented into component, deployment, and verticals. By component, the market is segmented as a server, storage, networking devices, and software. The server is dominating the high-performance computing market in 2017 and is expected to grow by 8.12% CAGR, whereas, Networking Devices is projected to be the fastest growing segment. Based on deployment, the high-performance computing market is bifurcated into on-premise and on-cloud. On-premise deployment is dominating the market in 2017 whereas, on-cloud is expected to be the fastest growing deployment methdod for HPC. Moreover, on the basis of verticals, the market is segmented into BFSI, IT & telecommunications, retail, manufacturing, healthcare, energy & utilities, transportation and others. 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.

The high-performance computing is now widely used in all fields of industry and commerce making it beneficial in computation-intensive areas of research, earth science, national security, engineering, and aerospace. It is estimated that the speed of supercomputer to reach nearly one exaflop by 2019. China’s Tianhe-2 is at present the fastest supercomputer with a rate of 55 petaflops. China is expected to come up with two 100 petaflops capable supercomputers. Also, the U.S. Department of Energy (DOE) has made a contract with technology giants IBM and NVIDIA to develop two 150-petaflop supercomputers by 2018.

Regional Analysis

For this study, Market Research Future has segmented the global high performance computing market in four different regions namely, North America, Europe, Asia Pacific, and the Rest of the World.

Global High Performance Computing market, by region, is led by North America in 2017. The technological advancements, and developing supercomputing facilities are expected to drive the market in North America in the coming years. The U.S. is leading the market whereas Canada is expected to witness high growth rate in the coming future. Asia Pacific is considered to be the fastest growing market for high performance computing due to increasing adoption of HPC for weather forecasting and research activities. However, Rest of the World is growing with steady growth rate during the forecast period 2017-2023.

Key Players

Market Research Future (MRFR) recognizes the following companies as the key players in the High-performance Computing Market – Hewlett Packard Enterprise Company, IBM Corporation, Dell, Inc., Microsoft Corporation, Fujitsu Ltd, Intel Corporation, Cisco Systems, Inc., Hitachi Ltd, Oracle Corporation, and Advanced Micro Devices, Inc.

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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

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.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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