Press release
High Performance Computing (HPC) Market Size 2023: Trends, Report and Forecast 2028
High Performance Computing (HPC) Market 2023-2028
The global high-performance computing (HPC) market size reached US$ 40.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 55.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
What is High Performance Computing?
High-performance computing (HPC) is an advanced technology that utilizes supercomputers and clusters of advanced computing hardware to execute complex tasks and process vast amounts of data at high speeds. It allows organizations to tackle intricate computational challenges across various industries. It is engineered with high processing power and parallel processing capabilities that enable it to solve intricate problems, model complex phenomena, and conduct simulations with exceptional precision and efficiency. It offers improved analytics, faster product development cycles, and reduced physical testing. As it assists in optimizing decision-making processes, the demand for HPC is increasing across the globe.
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What are the growth prospects and trends in the high performance computing industry?
At present, the rising adoption of cloud-based HPC solutions that offer scalability and accessibility represents one of the primary factors strengthening the market growth. Apart from this, the growing demand for advanced computing capabilities for efficient data processing and analytics is offering a positive market outlook.
In line with this, the increasing adoption of HPC in the healthcare sector for intricate simulations, drug discovery, and genome analysis is strengthening the market growth.
Additionally, the rising development of more energy-efficient HPC systems to maintain sustainability is offering a lucrative growth opportunity to industry investors. Furthermore, the increasing demand for real-time data for enhanced decision-making in a business is supporting the growth of the market.
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Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
• Hardware
• Software and Services
Breakup by Deployment Type:
• On-premises
• Cloud-based
Breakup by End Use:
• Aerospace and Defense
• Energy and Utilities
• BFSI
• Media and Entertainment
• Manufacturing
• Life Science and Healthcare
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Some of the Top Key players in the High Performance Computing Market
Advanced Micro Devices Inc., Atos SE, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Intel Corporation, International Business Machines Corporation, Lenovo Group Limited, Microsoft Corporation, NetApp Inc., Nvidia Corporation
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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