High-Performance Computing (HPC) Market 2023 Driving Factors Forecast Research 2029

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.

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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.

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• Market Coverage
• Market number available for - 2023-2029
• 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
• Inc., and others

Market Segmentation
Global High-Performance Computing Market by Component
o Solutions
o Services

Global High-Performance Computing Market by Deployment Type
o On-Premises
o Cloud-Based

Global High-Performance Computing Market by Computation Type
o Parallel Computing
o Distributed Computing
o Exascale computing

Global High-Performance Computing Market by Application
o Government & Defense
o Education & Research
o Banking, Financial Services, and Insurance (BFSI)
o Media and Entertainment
o Healthcare & Bioscience
o Others (Gaming, Energy & Utilities)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Adaptive Computing, Inc.
o Advanced Clustering Technologies, Inc.
o Advanced HPC, Inc.
o Arm Ltd.
o Aspen Systems Inc.
o ATOS
o Dell Inc.
o IBM Corp.
o Inspur Group
o Intel Corp.
o IRON Global, Inc.
o Microsoft Corp.
o Montage Technology
o NEC Corp.
o NetApp, Inc.
o Nvidia Corp.
o Oracle Corp.

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global high-performance computing (HPC) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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