High Performance Computing (HPC) Market Size, Status and Global Outlook 2022 To 2030
High Performance Computing Market is expected to reach a market value of USD 69.82 Billion by 2030 growing with 7.03% CAGR
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High Performance Computing (HPC) Market Overview
Market Research Future (MRFR), in its latest report on the Global High performance computing (HPC) 2020, reveals dynamics of the forces that governs the market. A complete assessment of the influence of COVID 19 on HPC Market is also offered to along with the report. As per MRFR analysis, the expansion of the HPC Market can attributed to mounting complexities of computational capabilities to resolve business issues. MRFR study states that the HPC Market can rise at 7.03% CAGR in the assessment period. By 2023, the HPC Market can value at USD 69.82 Billion in 2030. The rapid adoption of HPC in steel and welding, aerospace, automotive, manufacturing, and healthcare, finance, consumer packaged goods, energy consumption and production, weather forecast, and space research at a global scale can promote the expansion of the market in the review period. On the contrary, lack of expertise can hinder the HPC Market rise.
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Recent developments in high-performance computing (HPC) have focused on increasing the power and scale of HPC systems and the use of new technologies to improve the efficiency and performance of these systems. For example, the use of graphic processing units (GPUs) and tensor processing units (TPUs) has become increasingly popular in HPC systems, as they are able to perform complex tasks faster than traditional CPUs. Additionally, the development of new algorithms and frameworks, such as machine learning, has also enabled HPC systems to process large amounts of data more quickly and accurately. Finally, the development of new tools and software, such as the NVIDIA HPC Software Development Kit (SDK), have allowed developers to maximize their productivity and create more powerful and efficient HPC systems.
Segment Analysis
The segmented evaluation of the HPC Market is done by verticals, component, and deployment.
The component based segments of the HPC Market are networking devices, server, storage, and software.
The Component Server based segments of the HPC Market is expected to generate the highest turnover for the market across the analysis period. The Component Server segments can cause the HPC Market to rise at 12% CAGR in the analysis period. The Networking Devices segment is observed to be the rapidly growing segment.
The deployment based segment of the high performance computing market are on-premise, and on-cloud. The On-Premise deployment segment of the HPC market is expected to thrive due to rise in on-premise deployment method for HPC.
The vertical based segments of the HPC Market are BFSI, retail, IT & telecommunications, energy & utilities, manufacturing, healthcare, and transportation among others. The BFSI segment can dominating in the review period and can contribute to the market rise by 8% CAGR. The Healthcare and IT & Telecommunication segments are expected to contribute largely to the expansion of the HPC market in the review period 2017-2023
Regional Analysis
Global trends of the HPC Market is studied across North America, Europe, Asia Pacific, and the Rest of the World. MRFR regional study reveals that the HPC Market in North America can secure the largest market share in the assessment period; whereas the HPC Market in the Asia Pacific region is likely to rise exponentially. Driven by technological advancements the HPC Market in North America region can rise at a high pace across the assessment period. The presence of developing supercomputing facilities in the US can promote the expansion of the HPC Market in North America across the study period. The market in Canada is likely witness a rapid expansion of the market in the near future. In Asia Pacific, the performance computing market is expected to experience the fastest rise in the analysis period due to surge in the adoption of HPC for research activities and weather forecasting applications. The HPC market in the Rest of the World can expand at a steady growth rate in the forecast period.
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Key Players
Oracle Corporation, Intel Corporation, Hewlett Packard Enterprise Company, Dell, Inc., IBM Corporation, Fujitsu Ltd, Hitachi Ltd, Cisco Systems, Inc., Advanced Micro Devices, Inc., and Microsoft Corporation are some reputed developers of HPC as listed by MRFR.
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About Market Research Future (MRFR):
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.
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