High Performance Computing Market, Next-Gen Demand and Business Growth Analysis 2019 to 2028
High performance computing is generally understood as the practice of aggregating computing power in such a way as to provide much higher performance than which would be obtained on a typical desktop computer or workstation for solving large problems in science, engineering or business. The high-performance computers of interest to small and medium-sized businesses are indeed groups of computers. Each individual computer in a small cluster typically configured has one to four processors. In addition, the volume of data by the industry is increasing, requiring a large amount of mathematical calculations and computing power to solve business problems, which increases the need for HPCS.
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HIGH PERFORMANCE COMPUTING MARKET DYNAMICS
The growing need for high- efficiency computing, continued diversifying, and expanding IT industry, innovation in virtualization and the growing preference for high-performance hybrid computing solutions are some of the factors that are expected to drive market growth. In addition, software barriers continue to grow, hindering the growth of the high performance computing market.
COVID 19 IMPACT ON HIGH PERFORMANCE COMPUTING MARKET
Covid19, drastically affects the world supply chain and industrial sector growth. At the initial stages of the pandemic, the world experienced, ‘supply shocks’. In the foreseeable future, the COVID-19 pandemic has accelerated the existing trend toward digital marketplaces. In the pandemics, the sudden closure of offices, schools, colleges and retail stores has severely disrupted operations; this has led to an increase in demand for digital tools and services in the workplace. Covid-19 has had a positive impact on the HPC market, as a large number of employees in companies around the world are working from home. This demand improved HPC market growth. The covid-19 pandemic opens up great opportunities for vendors in the high performance computing market.
HIGH PERFORMANCE COMPUTING MARKET SEGMENTAL OVERVIEW
The report analyses the high performance computing market based on component, server prices band, organization size, deployment type, verticals, and geography.
HIGH PERFORMANCE COMPUTING MARKET BY COMPONENT
By component, the global high performance computing market is segmented into solution and services. Among these, services is segment is projected to grow in the forecast year. HPC solutions are expected to gain traction among industry verticals due to various benefits such as performance and scalability. The demand for HPC services is expected to grow with increasing adoption of HPC solutions.
HIGH PERFORMANCE COMPUTING MARKET BY SERVER PRICE BAND
The global high performance computing by server price band is classified into USD 250,000 to 500,000 and above, and USD 250,000 to 100,000 and below.
HIGH PERFORMANCE COMPUTING BY ORGANIZATION SIZE
By organization size, the global high performance computing market is segmented into small and medium-sized enterprises and large enterprises. Among these, small and medium size enterprises (SMEs) segment is expected to grow in the forecast period. This growth of SMEs is supported by the implementation of angrowing adoption of HPC solution together with services that are expected to result in better risk mitigation, lower administrative costs, lower compliance costs, favorable business results, and improved business performance for SMEs.
HIGH PERFORMANCE COMPUTING MARKET BY DEPLOYMENT TYPE
The global high performance computing by deployment type is classified into on-premise and cloud. Among these, cloud deployment is expected to grow in the coming year. Cloud deployment helps organizations minimize their operating costs without having to invest in additional computing resources. Other benefits, such as increased efficiency and profitability, are expected to stimulate growth in the cloud segment.
HIGH PERFORMANCE COMPUTING MARKET BY VERTICAL
The global high performance computing by vertical is classified into BFSI, government and defense, education and research, manufacturing, media and entertainment, healthcare and life sciences, energy and utilities, earth sciences, and others. The area of health and life sciences verticals is expected to grow at a significant CAGR, as HPC is widely adopted in health and life sciences for data management, simulation, next generation sequencing and various other applications.
HIGH PERFORMANCE COMPUTING MARKET BY GEOGRAPHY
Geographically, the High Performance Computing market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and the rest of the world regions which includes Latin America, and Middle East & Africa. North America accounted for the largest share due to the fact that the regional market forhigh adoption of technological solutions. In addition, it is expected to become a strong player in the global economy, especially in the introduction of new technologies. In addition, North America is home to major companies like Boeing and General Motors, which, along with other small and medium-sized enterprises, are actively adopting HPC to ease the technical constraints they face.
HIGH PERFORMANCE COMPUTING KEY PLAYERS
Some of the major players operating in this market include Cisco (US), AMD (US), Intel (US), HPE (US), IBM (US), Dell (US), Lenovo (China), Dassault Systems (France), Fujitsu (Japan), Atos (US), NVIDIA (US), Sugon (China), AWS (US), and others.
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