High Performance Computing (HPC) Market Spend Likely to Grow to $33 Billion in 2022: MRFR Forecast Report

Global High Performance Computing Market, By Component (Software, Network Devices) By Deployment (Cloud, On-Premise) By Vertical (Retail, Manufacturing) - Forecast 2022

Market Highlights
The growing adoption of cloud services and internet of things is driving the market of high performance computing. The Asia-Pacific region is estimated to be one of the fastest growing region in this technology. This is mainly because of the increasing focus of the market players is dwelling the demands of higher processing power with reliable and quicker response time. HPC servers market is estimated to contribute the largest market share in terms of components type. Storage, networking devices, and software solutions are also seen with higher prospects in coming years.

The High Performance Computing Market is growing rapidly at approx. 5% CAGR and is expected to reach approximately USD 33 Billion by the end of forecast period.

HPC Market Players:
• IBM Corporation (U.S.)
• Hewlett-Packard Company (U.S.)
• Intel Corporation (U.S.)
• Microsoft Corporation (U.S.)
• Cisco Systems, Inc. (U.S.)
• Advanced Micro Devices, Inc. (U.S.)
• Fujitsu Ltd (Japan)
• Oracle Corporation (U.S.)
• Dell Inc. (U.S.)
• Hitachi Data System Corporation (U.S.)

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HPC Market Segmentation
The high performance computing market has been segmented on the basis of type of component, deployment and vertical. On basis of deployment the market is segmented into on-premise and cloud. The cloud deployment is driving the high performance computing market as it possess efficiency across organizations, business continuity or disaster recovery, overcoming resource shortages, campaign, special event or seasonality, vertical upgrades or performance issues, eliminate hardware ownership, coping with uncertainty and change.

Market Research Analysis:
Market Research Future Analysis shows that new adoptions of smart technologies, revolution in IT infrastructure is driving the high performance computing market. Regional analysis for high performance computing market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. Asia-Pacific region is estimated to be the leader in high performance computing market followed by North America and Europe. The Asia-Pacific region is fastest growing because of the huge investment by the government and private sectors into the emergence of big data has increased the demand for systems that can handle a more data-intensive workload. HPC clusters are systems that can easily handle vast amount of data and extensively support high-performance data analysis. The improved data collection technology provides lively images for simulations, medical, life science, video rendering, and other verticals. Also because of the presence of leading technology players in that region. Japan is developing a new supercomputer that could be among the world's fastest systems.

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Intended Audience
• Research/Consultancy firms
• Original Equipment Manufacturers
• High Performance Computing Technology Users.
• Government Organizations
• Technology Providers
• Financial Investors
• Telecom Operators

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Release ID: 256713