6.40% CAGR growth by 2023 in High-Performance Computing (HPC) Market| Key Vendors - FUJITSU LTD, INTEL CORPORATION, IBM, MICROSOFT CORPORATION, DELL TECHNOLOGIES INC., CRAY INC., LENOVO GROUP LTD, AMAZON WEB SERVICES, RACKSPACE US INC., amongst others.

Market Analysis:

North America Dominated the Market
North America is one of the largest markets for technology-based solutions. The implementation of new technologies is driven by the huge increase in raw data, and the need for security, thus, leading to the deployment of HPC systems.

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The fast-paced growth in the IT industry is expected to be the major driver for the HPC market. HPC has become vital to various users across government sectors, enterprises, and scientific researchers, to generate and develop advanced products and services. There is an imminent need to develop sophisticated HPC systems, and deploy them throughout academic, industry, and government institutions, while also utilizing it to address social challenges, like health, public safety, weather forecasting, climate change, and environmental protection. These advancements in computing technology are providing various benefits, like faster computing capabilities, enhanced performance efficiency, and smarter operation & management. These factors are expected to enhance the growth of the market during the forecast period. The hardware segment constitutes a major part of the revenue generated in the HPC market.

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Market Segments:
High-Performance Computing (HPC) Market is segmented by:
1. Type of Deployment: On-premise, Cloud
2. Component: Hardware(Servers, Storage, Others), Software, Services
3. End-user Application: Academic Research, Bio-Sciences, CAE, Defense, EDA/IT, Financial Services, Government, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• November 2017 - IBM and Salesforce announced an expansion of the partnership to deliver new artificial intelligence predictive analytics. The collaboration is aimed at converging its AI platform and cloud computing platforms to create a more insightful CRM.

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