High Performance Computing (HPC) Market Expected To Witness A Substantial Growth Of $59.65 Billion By 2025: Grand View Research Inc.

 

The global high performance computing (HPC) market size is expected to reach USD 59.65 billion by 2025, according to a study conducted by Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.2% over the forecast period. High-performance computing can be categorized into High-Performance Technical Computing (HPTC) and High-Performance Business Computing (HPBC). HPTC is widely used in fields like science and engineering. It is particularly used by government and defense agencies, educational and research institutions, and incumbents of the manufacturing industry, among others. On the other hand, HPBC is suitable for applications, such as gaming and fraud detection. Logistics companies and providers of financial services, among others, also opt for HPBC. The rising popularity among manufacturing companies, government departments, and defense agencies is particularly driving the growth of the HPC market.

In contrast to its related industries like consumer electronics and semiconductors, the data center and communications infrastructure industry is expected to be more buoyant with continued strategic investments made to support the increased network traffic and data usage for remote working during the lockdown phase. From school closures necessitating students to use virtual offerings (Google Classroom ) to the governments using business analytics services (Power BI) for communicating virus updates, the demand for communication services and related infrastructure has witnessed an unprecedented rise amidst the global pandemic. Digital services including telemedicine are expected to remain popular even after the pandemic is contained, thereby ensuring strong growth in the communication infrastructure industry. The report will account for Covid19 as a key market contributor.

High-performance computing envisages a cluster of computers that can run long algorithms and solve complex problems and equations at speeds and accuracies higher than those offered by conventional computing. Previously, HPC was used only by the navigation and aerospace industries. However, diversification of the IT industry, growing adoption of cloud computing, continuous developments in artificial intelligence, and the rising need for business analytics are prompting various end-use industries to adopt HPC.

To Request Sample Copy of this report, click the link:

https://www.grandviewresearch.com/industry-analysis/high-performance-computing-market/request/rs1

Data centers particularly require an architecture capable of processing large volumes of data. HPC components can ensure adequate computing power for such data centers. Various other organizations also adopt HPC to process their data at higher speeds and accuracies and to simplify their complex business procedures. Research and academic institutions have also started adopting high-performance computing systems to ensure the computational efficiency required during the initial stages of research.

High Performance Computing Market Report Highlights

·         The on-premise segment held the largest market share in 2017. However, the cloud segment is expected to expand at the highest CAGR of over 8.0% over the forecast period owing to the benefits, such as cost-effectiveness, scalability, ease of deployment, and stronger security associated with cloud deployment

·         The government and defense segment held the largest market share in 2017 and is also expected to register the highest CAGR over the forecast period. This growth can be attributed to the rising adoption of HPC in surveillance, aircraft simulation, and encryption and decryption of confidential information

·         North America is anticipated to witness significant growth over the forecast period. New supercomputing facilities are coming up in the region in line with the advances in technology, which bodes well for the regional market growth. The U.S. is home to the top-5 supercomputers and the U.S. HPC market held the largest market share of over 60% in 2017 and is expected to lead the regional growth over the forecast period

·         The high performance computing market is highly consolidated and competitive. Atos SE; Advanced Micro Devices, Inc. (AMD); Cray Research, Inc.; Dell Technologies, Inc.; and Cisco Systems, Inc. are some of the leading market players

·         Key industry players are striking partnerships and collaborating with each other as part of their efforts to strengthen their market position. For instance, in September 2017, Cray Research Inc. entered into a strategic partnership with Seagate. The partnership envisages the former procuring drives, containers, controllers, and other components related to the high performance computing technology from the latter.

The high computational capabilities offered by HPC systems have paved the way to execute high-end research projects previously deemed impossible. As such, HPC systems can be helpful in several fields, including computational biology, genetics, medicine, structural analysis, geophysics statistics, electromagnetism, nuclear physics, astrophysics, and mathematical modeling, among others. Similarly, the high efficiency offered by high-performance computing can help researchers in undertaking research activities in various fields, such as deep neural networks, human genome mapping and modeling, and artificial intelligence, among others.

Vendors of high performance computing are increasingly focusing on delivering enhanced solutions that can cater to various requirements. These solutions may include basic configurations and management tools that are easy to deploy and are capable of adapting to the changing workloads. Although the application portfolio of high performance computing is growing continuously; the looming lack of awareness, budget constraints at small- and medium-sized enterprises, and concerns over data security are some of the factors hindering the growth of the high performance computing market.

Have a Query? Ask our experts:

https://www.grandviewresearch.com/inquiry/934/ibb

Grand View Research has segmented the global high performance computing market based on component, deployment, end use, and region:

High Performance Computing (HPC) Component Outlook (Revenue, USD Million, 2014 - 2025)

·         Servers

·         Storage

·         Networking Devices

·         Software

·         Services

·         Cloud

·         Others

High Performance Computing (HPC) Deployment Outlook (Revenue, USD Million, 2014 - 2025)

·         On-premise

·         Cloud

High Performance Computing (HPC) End-Use Outlook (Revenue, USD Million, 2014 - 2025)

·         Banking, Financial Services, and Insurance (BFSI)

·         Gaming

·         Media & Entertainment

·         Retail

·         Transportation

·         Government & Defense

·         Education & Research

·         Manufacturing

·         Healthcare & Bioscience

·         Others

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.