Market Scenario
Market Research Future
(MRFR), in its latest report on the Global High Performance Computing Market 2020, reveals dynamics of
the forces that governs the market. A complete assessment of the influence of
COVID 19 on high performance computing market is also offered to along with the
report. As per MRFR analysis, the expansion of the high performance computing
market can attributed to mounting complexities of computational capabilities to
resolve business issues. MRFR study states that the High Performance Computing
Market can rise at 8% CAGR in the assessment period. By 2023, the High
Performance Computing Market can value at USD 50 billion from USD
31 billion in 2017. The rapid adoption of HPC in steel and welding, aerospace,
automotive, manufacturing, and healthcare, finance, consumer packaged goods,
energy consumption and production, weather forecast, and space research at a
global scale can promote the expansion of the market in the review period. On
the contrary, lack of expertise can hinder the high performance market rise.
Segment Analysis
The segmented evaluation of
the High Performance Computing market is done by verticals, component, and
deployment.The component based segments of the high performance computing market
are networking devices, server, storage, and software. The Component
Server based segments of the high performance computing market is expected to
generate the highest turnover for the market across the analysis period. The
Component Server segments can cause the high performance computing market to
rise at 12% CAGR in the analysis period. The Networking Devices segment is
observed to be the rapidly growing segment.
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The deployment based
segment of the high performance computing market are on-premise, and on-cloud.
The On-Premise deployment segment of the HPC market is expected to thrive due
to rise in on-premise deployment method for HPC.
The vertical based segments
of the high performance computing market are BFSI, retail, IT &
telecommunications, energy & utilities, manufacturing, healthcare, and
transportation among others. The BFSI segment can dominating in the review
period and can contribute to the market rise by 8% CAGR. The Healthcare and IT
& Telecommunication segments are expected to contribute largely to the
expansion of the HPC market in the review period 2017-2023
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.
Browse Complete Report Here:
https://www.marketresearchfuture.com/reports/high-performance-computing-market-2698
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