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High-Performance Computing (HPC) Market to Witness Astonishing Growth by 2029

04-03-2023 07:54 AM CET | Health & Medicine

Press release from: Orion Market Research

High-Performance Computing (HPC) Market to Witness

High-performance computing market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. HPC is a practice of aggregating computing power that delivers higher horsepower than traditional computers and servers. It aids in processing huge volumes of data at very high speeds using multiple computers and storage devices. HPI has made advances in various fields such as precision medicine, fraud detection in fintech, personalized interest rates, business intelligence, and seismic analysis, among others. The growing requirement for HPC solutions in various applications, continued diversification, expansion of the IT industry, advances in virtualization, and rising preference for hybrid HPC solutions are some of the factors driving the growth of the market.

Moreover, the increasing establishment of startups coupled with a new product/ solution launch is another factor supporting the market growth across the globe. For instance, in May 2022, Atos company launched Nimbix Supercomputing Suite, a set of flexible and secure HPC solutions available in an as-a-service model. In December 2021, Quantum Startup Multiverse Computing won $14.79 million in Funding from European Innovation Council. Some of the funding will be used to further optimize the company's Monte Carlo asset valuation engine, as well as derivative evaluation capabilities and stress test tools for financial institutions and central banks. The funds will also be deployed towards attracting and retaining talent and expanding into additional vertical markets as the company accelerates the commercialization of its toolkit.

To Request a Sample of our Report on High-Performance Computing (HPC) Market: https://www.omrglobal.com/request-sample/high-performance-computing-market-size

Market Coverage

Market number available for - 2021-2029
Base year- 2022
Forecast period- 2023-2029
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

High-Performance Computing (HPC) Market Report Segment

By Component

Solutions
Services
By Deployment Type

On-Premises
Cloud-Based
By Application Area

Government & Defense
Banking, Financial Services, and Insurance (BFSI)
Media and Entertainment
Healthcare & Bioscience
Others (Gamin, Energy & Utilities)
A full report of High-Performance Computing (HPC) Market available @ https://www.omrglobal.com/industry-reports/high-performance-computing-market-size

High-Performance Computing (HPC) Market Report Segment by Region

Regional Analysis

North America

United States
Canada
Europe

UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific

India
China
Japan
South Korea
Rest of APAC
Rest of the World

Latin America
Middle East and Africa
Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/high-performance-computing-market-size

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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