High Performance Computing (HPC) Chipset Market size is projected to reach $13.68 billion by 2027

According to a new report published by Report Ocean, titled, “High Performance Computing (HPC) Chipset Market By Chip Type: Opportunity Analysis and Industry Forecast, 2020–2027”, the global HPC chipset market size was valued at $4.30 billion in 2019 and is projected to reach $13.68 billion by 2027, to register a CAGR of 19.1% during the forecast period.

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High performance computing (HPC) is also known as supercomputing that refers to computing systems with extremely high computational power, which are able to solve complex problems. In this digital era, HPC computing is at the core of major advances and innovation. It is normally used for solving advanced problems and performing research activities through computer modeling, simulation, and analysis. This system have the ability to deliver sustained performance through concurrent use of computing resources.

The factor that drives growth of the HPC chipset market includes empowering high performance computing in the cloud sector, government initiatives, and increase in need for flexible computing services. However, high cost of HPC restricts the market growth. Conversely, increase in focus toward hybrid HPC infrastructure is expected to create lucrative opportunities for the industry. Use of high-performance computing in cloud helps to elevate performance, control costs, and accelerate results. It also runs complex simulations against large datasets in fields such as aerodynamics, physics, or pharmaceuticals.

High-performance computing requires continuous efficiency & working of HPC clusters. Thus, HPC services enable complete control for users over computing infrastructure such as analysis software and operating systems. In addition, flexible computing meets growth in demand from multinational corporations for networked cloud infrastructure services from single communication and IT services providers. Flexible computing offers a scalable and modular service for fast and easy provisioning of resources, which can scale up and down to meet fluctuating demand and dynamic business growth.

Hybrid approach allows applications and components to interoperate across boundaries, between cloud instances and between architectures. A hybrid HPC infrastructure results in better efficiency, scalability, enhanced security, and better technology. Apart from this, it also resolves security and privacy concerns as well as lowers the maintenance cost. Therefore, rise in focus toward hybrid HPC infrastructure is expected to provide lucrative opportunities the HPC chipset market growth.

GPU segment was the largest contributor of revenue in 2019 and is expected to grow at a CAGR of 15.4% from 2020 to 2027. The massive parallel processing capability of the graphical processing unit (GPU) is driving the growth of the GPU segment in the HPC chipset industry. constant advancements in graphic-based games, traction in augmented reality (AR) and virtual reality (VR), trending artificial intelligence (AI), and growing adoption of gaming laptops and computers are expected to fuel the GPU market, which may expected to boost the demand of HPC chipset market. CPU segment is the second largest contributor of revenue in 2019 and consumes 30% market share.

By region, the HPC chipset market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. The analysis had identified that Asia-Pacific contributed maximum revenue in 2019 and also expected to grow at a faster rate as compared to other regions. Factors such as appearance of big data has increased the demand for systems which can handle data-intensive workload. Asia-Pacific is the fastest-growing region for the global market, which is mainly attributed to the growing focus of the market players to address the demands of higher processing power with reliable and quicker response time.

COVID-19 Impact Analysis

The global HPC chipset market size has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have been stalled which, in turn has declined the market growth. Due to this pandemic, the leading industries are facing major challenges, which may slow down the growth of the HPC chipset market.

Key Findings of the Study

In 2019, the GPU segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 15.4% during the forecast period.
The GPU segment accounted for more than 40.0% of the HPC chipset market share in 2018.
U.S. was the major shareholder in the North America HPC chipset market, accounting for approximately 35.0% share in 2018.
The key players profiled in the report include Advanced Micro Devices (AMD), IBM, Hewlett Packard Enterprise (HPE), Intel Corporation, NVIDIA Corporation, Alphabet, Achronix Semiconductor, Cisco System, and MediaTek Inc., and Lattice Semiconductor Corporation. These market players have adopted various strategies such as product launch, collaboration, partnership, agreement, expansion, and acquisition, to expand their foothold in the industry.

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This release was published on openPR.