Overview:
High performance computing (HPC) refers to the additional computing power gained from aggregation of various processors for solving complex problems with high speeds. 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 Application Market report by Market Research Future (MRFR) unveils new trends in integration of services and its application for the forecast period (2020-2027). The COVID-19 outbreak and its role in the industry has been included in the report.
Market Scope
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.
Segmentation
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.
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Regional Analysis
Global trends of the high performance computing market is studied across North America, Europe, Asia Pacific, and the Rest of the World. MRFR regional study reveals that the high performance computing market in North America can secure the largest market share in the assessment period; whereas the high performance computing market in the Asia Pacific region is likely to rise exponentially. Driven by technological advancements the high performance computing 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 high performance computing 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.
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 High Performance Computing solutions as listed by MRFR.
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