Press release
High Performance Computing (HPC) Market 2018 Size and Growth Analysis by IBM, HPE, Dell, Oracle, Hitachi, Microsoft, Cisco Systems, Fujitsu, Intel, Advanced Micro Devices
Global High-Performance Computing Market has generated USD 31 billion in 2017 and is expected to reach a market value of USD 50 billion by 2023 growing with 8% CAGR.
Global HPC Market Key Players
Eminent players, contributing to the competitive landscape that are analyzed in MRFR's report include, Advanced Micro Devices Inc., Hewlett Packard Enterprise Company, IBM Corporation, Oracle Corporation, Hitachi Ltd., Cisco Systems Inc., Dell Inc., Microsoft Corporation, Fujitsu Ltd., and Intel Corporation
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HPC Market Insights
High-Performance Computing (HPC) products and services are revolutionizing efficiency across different verticals. HPC has increasingly been adopted for its ability to handle challenging workloads, improve overall efficiency and solve complex problems. Technological advancements in cloud-based computing, data convergence, and stable memory development are strong motivators for growth.
There is an active usage of HPC solutions in the government sector due to its abilities to assist in high-resolution image processing, satellite mapping and other defense and security applications. HPC has experienced a high adoption rate in industries such as aerospace, steel & welding, healthcare, finance, automotive and consumer packaged goods to name a few.
Market Research Future has published a report that analyzes and identifies factors that affect market growth. The report also reveals unique insights into trends, opportunities, and restraints of the high-performance computing market. MRFR has predicted estimated market value of USD 50 billion by 2023 and a significant 8% CAGR during the forecast period 2017 - 2023.
The swift adoption of HPC solutions in government, industrial and enterprise applications, growing requirement and demand for high computational abilities and the growing demand for cloud-based HPC have been identified as some significant facilitators of growth during the market period. Under-developed expertise and the high costs associated with maintenance are some restraining factors that are due to be addressed.
HPC Market Segmentation
The high-performance computing market has been segmented based on component, deployment, and verticals.
Based on component, the hpc market has been segmented into server, storage, networking devices, and software. Although networking devices are projected to be the fastest growing segment during the forecast period, server currently leads the market and is expected to exhibit 12% CAGR during 2017 - 2023.
Based on deployment, the hpc market has been segmented into on-premise and on-cloud. On-cloud implementation is expected to grow significantly during the forecast period due to its growing adoption globally.
Based on verticals, the HPC Market has been segmented into BFSI, IT & telecommunications, retail, manufacturing, healthcare, energy & utilities, transportation and others. IT & telecommunications industries are expected to drive the majority growth for this segment during the forecast period.
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HPC Market Regional Analysis
Analysis of the market based on geographical segmentation includes North America, Europe, Asia-Pacific and the Rest of the World (RoW).
North America leads the global high-performance computing market due to the rapid adoption of the latest technological advancements. The region also enjoys a strong presence of market leaders and rapidly developing supercomputing facilities. Majority of the growth in this region comes from the U.S. However, Canada is expected to contribute significantly to market growth during the forecast period.
The Asia Pacific has been projected to be the fastest growing region in the global market. Emerging economies are adopting high-performance computing solutions for various verticals. Growing awareness about these solutions has increased demand and as a result, will propel growth during the forecast period.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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