High performance computing (HPC) refers to the additional computing power gained from aggregation of various processors for solving complex problems with high speeds. High Performance Computing Market is expected to reach a market value of USD 69.82 Billion by 2030 growing with 7.03% CAGR. It is used by scientists for studying large data volumes and gleaning insights by implementing new techniques that require decision-making in current times. HPC plays the same role of a supercomputer and employed in industries of aerospace, defense, and navigation systems. The global high performance computing market report by Market Research Future (MRFR) unveils new trends in integration of services and its application for the forecast period (2022-2030). The COVID-19 outbreak and its role in the industry has been included in the report.
Click Here to Get Sample Premium Report @ https://www.marketresearchfuture.com/sample_request/2698
Recent developments in high performance computing have focused on improving scalability and flexibility of HPC systems, increasing the speed and efficiency of computation, and harnessing the power of artificial intelligence and edge computing technologies. Some of the most significant advances in recent years include the use of graphics processing units (GPUs) and tensor processing units (TPUs) to speed up computations, the development of node-based computing and scalable clusters, the use of cloud-based HPC systems, and the use of HPC for weather forecasting applications. Additionally, the National Strategic Computing Initiative has directed federal agencies to accelerate development of these computers and make them available for research and other use. Finally, HPC is increasingly being used to power radiotherapy and solve challenging problems in the clinical setting.
The global high performance computing market is set to exhibit 8% CAGR over the forecast period. The growth is facilitated by use of HPC for resolving complex problems in cryptography, satellite mapping, advanced vehicles, and high-resolution image processing. Computing of data with high precision in fields of finance and healthcare by using algorithms can bode well for the market. The huge demand for hybrid solutions and scaling of HPC resources by enterprises can drive the market growth. Shift to cloud can facilitate the adoption rate of high performance computing among large industries. Large sales of supercomputers and divisional machines coupled with cloud setups capable of high performance computing can bode well for the market.
The COVID-19 outbreak has propelled innovation in HPC with consortiums being formed to aggregate the computing power of various supercomputers to gain insights on experimental data accumulated from various COVID-19 cases. It has been utilized to great effect for development of therapies and treatments for patients detected with the virus. Moreover, applications of HPC in cybersecurity, green vehicles, and climate change can widen the ambit of the market.
But lack of expert personnel and advances in high performance workstations can hamper market growth.
By component, it is segmented into networking devices, storage, server, and software. The server is expected to display 12% CAGR over the forecast period.
By deployment, the market is divided into on-premise and on-cloud. The on-premise deployment is expected to dominate over the forecast period owing to abundance of space and capability of personnel in managing large data centers.
By vertical, it is segmented into transportation, IT telecommunications, energy utilities, manufacturing, healthcare, BFSI, and others. The healthcare segment is bound to be lucrative for the HPC market owing to its implementation in next generation sequencing, simulation, modeling, and data management.
North America, Europe, Asia-Pacific, and Rest of the World (RoW) are major regions covered in the high performance computing market.
North America is estimated to dominate the market owing to modernization of existing infrastructure and installation of HPCs to gain advantage by leading companies in their respective industries. Adoption of new technologies for improvement of productivity and efficiency in processes can bode well for the regional high performance computing market.
APAC is likely to display a strong growth rate during the forecast period owing to developments of supercomputers and its applications in solving problems in various industries. Rapid digitalization in the healthcare sector owing to the COVID-19 pandemic and modernization of existing infrastructure can drive regional market growth. Expansion of its applications in quantum computing and data analytics can widen the prospects of the HPC market in the region.
Europe can be beneficial to the high performance computing market owing to investments in supercomputers and large application in the healthcare sector.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/high-performance-computing-market-2698
Hewlett Packard Enterprise Company, Intel Corporation, Microsoft Corporation, Oracle Corporation, Dell, Inc., Advanced Micro Devices, Inc., IBM Corporation, Hitachi Ltd, Cisco Systems, Inc., and Fujitsu Ltd are key players of the high performance computing market.
SiPearl and Graphcore have entered into a new partnership to support artificial intelligence workloads of supercomputers. The alliance can propel the innovation of AI and HPC and develop accurate simulation and prediction models.
People appreciated on following Social Media Posts:
- Operational Analytics Market
- Translation Service Market
- Safety Critical Software Testing Market
- Blockchain in Fintech Market
- Deception Technology Market
- Partner Relationship Management Market
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.
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)