Market Overview:
The global High Performance Computing (HPC) Market is estimated to be valued at US$ 31.92 Billion In 2022 and is expected to exhibit a CAGR of 7.5% over the forecast period 2023-2030. High Performance Computing refers to the use of supercomputers and parallel processing techniques to perform advanced computing tasks efficiently. The market for HPC is driven by the increasing demand for high-speed data processing and analysis in various industries such as healthcare, research, and finance. HPC systems provide unmatched computational capabilities, enabling organizations to process large volumes of data and solve complex problems quickly. The need for high-performance computing solutions is further fueled by emerging technologies such as artificial intelligence and big data analytics.
Market key trends:
One key trend in the HPC market is the growing adoption of cloud-based HPC solutions. Cloud-based HPC offers scalability and flexibility, allowing organizations to access and utilize high-performance computing resources on-demand. This eliminates the need for expensive on-premises infrastructure and reduces operational costs. Cloud-based HPC also enables seamless collaboration and resource sharing among researchers and scientists worldwide. Additionally, advancements in cloud technology, such as improved security and performance, are driving the adoption of cloud-based HPC solutions across various industries. This trend is expected to continue as organizations seek efficient and cost-effective options for high-performance computing.
Segment Analysis:
The high performance computing market can be segmented based on components, deployment type, end-user, and geography. In terms of components, the market is divided into hardware, software, and services. Among these, the hardware segment dominates the market due to the increasing demand for high-performance servers and storage devices. The hardware segment is further segmented into servers, storage devices, and networking devices. Servers hold the largest share in this segment as they are the backbone of high-performance computing systems.
Based on deployment type, the market is segmented into on-premise and cloud-based. The on-premise deployment type dominates the market as it offers greater control and security over the data and allows organizations to customize their high-performance computing systems according to their specific requirements. Moreover, industries such as healthcare and finance prefer on-premise deployment to ensure data privacy and compliance with regulatory standards.
In terms of end-users, the High Performance Computing Market is segmented into academia and research, government and defense, manufacturing, healthcare, energy and utilities, and others. The government and defense sector dominate the market due to the increasing adoption of high-performance computing for various defense and security applications such as simulations, data analysis, and weather forecasting.
Key Takeaways:
The global high-performance computing market is expected to witness high growth, exhibiting a CAGR of 7.5% over the forecast period, from 2023 to 2030. This growth can be attributed to various factors such as the increasing demand for high-performance computing in industries such as healthcare, manufacturing, and energy, the rise in big data analytics and artificial intelligence applications, and the growing need for efficient data processing and computation.
From a regional analysis perspective, North America is expected to be the fastest-growing and dominating region in the high-performance computing market. This can be attributed to the presence of major market players, technological advancements, and the high adoption of high-performance computing in various industries such as healthcare, aerospace, and defense. In addition, the government initiatives to promote research and development activities further contribute to the growth of the market in this region.
Key players operating in the high-performance computing market include NVIDIA Corporation, Advanced Micro Devices Inc., Amazon Web Services, NEC Corporation, Lenovo Group Ltd., Hewlett Packard Enterprise, Dassault Systemes SE, Sugon Information Industry Co. Ltd., Dell Technologies Inc., Fujitsu Ltd., Microsoft Corporation, Intel Corporation, and International Business Machines Corporation. These players focus on strategic partnerships, product innovations, and acquisitions to strengthen their market position and expand their customer base.
According to a new market research report "High Performance Computing (HPC) Market by Component (Solutions [Servers, Storage, Networking Devices, and Software] and Services), Deployment Type, Organization Size, Server Prices Band, Application Area, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the HPC market size expected to grow from USD 37.8 billion in 2020 to USD 49.4 billion by 2025, at a CAGR of 5.5% during the forecast period.The demand for HPC is driven by the increasing need for efficient computing, enhanced scalability, and reliable storage, emerging need for the high-speed data processing with accuracy, adoption of HPC in the cloud.Browse in-depth TOC on "High Performance Computing (HPC) Market”160- Tables45- Figures134- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=631The server solution segment to hold a larger market size during the forecast periodThe components is sub segmented as Solutions as services.
The solutions segment further sub-segmented as server, storage, networking devices, software.
This growth these segments are supported by enterprises are transforming to the digital world and cloud adoptions by enterprises from verticals across the world.SMEs segment to grow with higher market size during the forecast periodThe Small and Medium size enterprises (SMEs) segment is expected to grow with a higher rate contributing to the market.
This growth of SMEs is supported by the implementation of the HPC solution, along with services, is expected to result in better risk mitigation, reduced administrative overhead, reduced cost of compliance, favorable business outcomes, and improved business efficiency for SMEs.North America to hold the largest market size during the forecast periodThe North American HPC market is already mature for HPC systems, and a significant number of new installations of HPC and upgrade of the existing HPC solutions.
Currently, the United States (US) holds the highest share in the HPC market as it is home to large telecom giants, well-established suppliers, as well as end-user industries that continuously adapt to newer technologies for improved business productivity and work efficiency.Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=631Market PlayersMarket players profiled in High Performance Computing Market report include AMD (US), Intel (US), HPE (US), IBM (US), Dell (US), Lenovo (China), Fujitsu (Japan), Atos (US), Cisco (US), NVIDIA (US), Sugon (China), AWS (US), and Dassault Systems (France).
Major growth strategies are adopted by the players, including acquisitions, partnerships, collaborations and agreements, and new product launches/product enhancements.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues.
The global High Performance Computing (HPC) Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the high performance computing (HPC) market includes Atos SE, Advanced Micro Devices, Inc. (AMD), Cray Research, Inc., Cisco Systems, Inc., Dell Technologies, Inc., Fujitsu Limited, Hewlett Packard, Inc. (HP), Intel Corporation, International Business Machines Corporation (IBM) and Silicon Graphics International Corp.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Get more information on "Global High Performance Computing (HPC) Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/high-performance-computing-hpc-market/download-sampleMarket DynamicsThe rising need for processing data with speed and accuracy across the globe is driving the market growth.
Additionally, the growing adoption of cloud-based deployment is further fuelling market growth.
Whereas, ongoing development of hybrid HPC solutions for maximizing benefits of HPC is expected to offer the opportunity during the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
