High-Performance Computing (HPC) Market Size Prognosticated to Observe a Living Growth by 2027 performed by a new report Hewlett Packard Enterprise Development LP, Cisco Systems,

Report Ocean releases its latest report on the global High-Performance Computing (HPC) Market.

The growing need for high-efficiency computing, continued diversification, and expansion of the IT industry, advances in virtualization, and rising preference for hybrid High-Performance Computing (HPC) solutions are some of the factors expected to fuel the growth of the market. The ability of HPC systems to process large volumes of data at higher speeds is prompting government agencies, defense agencies, academic institutions, energy companies, and utilities to adopt HPC systems, which also bodes well for the growth of the HPC market.

Global High-Performance Computing (HPC) Market Overview:

The data around enterprises is bulging up and therefore requires a high number of mathematical calculations and computational capabilities to resolve business issues. High-performance computing was earlier used for training and simulation, a navigation system, and mostly in defense and aerospace. This industrial vertical required hpc capabilities, resulting in high-performance computing. This scenario is changed in recent times as there is huge demand from the industrial, and government.

These sectors are using the data to churn out specific insights helpful for their organizations to carry out. The technology is emerging prominently in government for national defense and security requirements. HPC is proving beneficial for the development of advanced vehicles, weapons, high-resolution image processing, satellite mapping, and cryptographic analysis. 

The global high-performance computing market is estimated to have reached USD 37.1 billion in 2020 and is further projected to reach USD 54.4 billion by 2027, growing at a CAGR of 5.6% during 2021-2027.

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Growth Drivers 

Emerging need for high-speed data processing with accuracy

The main factor driving the growth of the HPC market is the ability of HPC solutions to process large volumes of data with speed and accuracy. The industry verticals where applications are encountering slow and inefficient data processing issues include finance, medical, research, seismic exploration, and government and defense. The quick-paced nature of the financial market makes vitality crucial so that the derivative valuations are processed faster and more accurately.

In the medical field, applications such as Computed Tomography (CT) scanning and Magnetic Resonance Imaging (MRI) require quick, accurate results from the processing of complex algorithms. HPC helps them in reducing the compute time considerably and processes the CT and MRI data quickly and with accuracy. 

Increasing focus on hybrid HPC solutions

With the growing demand for HPC solutions and increasing advancements in technology, organizations today are focusing on hybrid HPC solutions. IT teams are fiercely working on establishing a balance between cloud and on-premises HPC solutions. Enterprises are scaling out on-premises HPC resources as needed. Simultaneously, Cloud Service Providers (CSPs) have also started to offer turn-key HPC solution environments that are tailored to the specific workload needs of enterprises.

A hybrid HPC solution results in better efficiencies. Apart from this, it also resolves security and privacy concerns as well as lowers the maintenance cost. Therefore, the increasing focus on hybrid HPC solutions is expected to provide tremendous opportunities for the growth of the HPC market.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global High-Performance Computing (HPC) Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global High-Performance Computing (HPC) Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the High-Performance Computing (HPC) Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the High-Performance Computing (HPC) Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected High-Performance Computing (HPC) Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global High-Performance Computing (HPC) Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the High-Performance Computing (HPC) Market provides insight into the factors influencing its growth. This market study breaks down the High-Performance Computing (HPC) Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the High-Performance Computing (HPC) Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the High-Performance Computing (HPC) Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global High-Performance Computing (HPC) Market are:

Lenovo, Cray, Nvidia, Atos SE, Advanced Micro Devices, Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Dell Technologies Inc., Fujitsu, Intel Corporation, IBM Corporation, Sugon, Dassault Systems, Microsoft Corporation, Hitachi Ltd, Oracle Corporation & Other prominent players.

Scope of the Report

The global High-Performance Computing (HPC) Market segmentation focuses on:

By Component:

Ø  Servers

Ø  Storage

Ø  Networking Devices

Ø  Software

Ø  Services

Ø  Cloud

Ø  Others

By Deployment:

Ø  On-premise

Ø  Cloud

By End-use:

Ø  Banking, Financial Services, and Insurance (BFSI)

Ø  Gaming

Ø  Media & Entertainment

Ø  Retail

Ø  Transportation

Ø  Government & Defense

Ø  Education & Research

Ø  Manufacturing

Ø  Healthcare & Bioscience

Ø  Others

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