High Performance Computing Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The new report published by The Business Research Company, titled "High Performance Computing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the high performance computing market size has grown strongly in recent years. It will grow from $44.18 billion in 2023 to $48.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The high performance computing market size is expected to see strong growth in the next few years. It will grow to $69.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.

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Rising Demand For High-Speed And Accurate Data Processing Fuels High-Performance Computing Market
The emerging need for high-speed data processing with accuracy is driving the high-performance computing market. When data is processed, it is gathered and converted into useable information. It is critical that data processing is done appropriately and faster so that the result, or data output, is not harmed. HPC allows users to analyze massive volumes of data faster than a regular computer, resulting in faster insights and allowing enterprises to remain ahead of the competition. For instance, in August 2023, according to Statistics Canada, a Canada-based national statistical agency, in 2022, Internet usage among Canadians aged 15 years and older surged to 95%, marking an increase from 92% in 2020, continuing the upward trend in online engagement. Therefore, the rising need for high-speed data processing with accuracy will propel the high-performance computing market growth.

Strategic Collaborations Drive Innovation In High-Performance Computing Market
Major companies operating in the high-performance computing market are focusing on strategic collaboration to provide advanced solutions and innovations. Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities that work together to achieve shared goals aligned with their individual strategic objectives. For instance, in July 2023, HCLTech, an India-based technology company, announced a collaboration with Microsoft, a US-based technology company. Through this collaboration, they aim to offer high-performance computing (HPC) solutions to clients across diverse sectors. HCLTech intends to educate 3,000 professionals within three years and establish an exclusive lab acting as a center of excellence (CoE) in partnership with Microsoft. These solutions will integrate HCLTech's adeptness in advanced engineering services with Microsoft's Azure cloud HPC technologies. The collaboration aims to grant clients access to HPC resources, encompassing foundational infrastructure, advanced analytics, machine learning, and simulation capabilities.

The high performance computing market covered in this report is segmented -

1) By Data Type: Structured, Unstructured, Semi Structured
2) By Component: Software, Hardware, Services
3) By Organization Size: Small and Medium-sized Enterprises (SMEs), Large Enterprises
4) By Deployment Type: Cloud, On-premises
5) By Industry Vertical: Government and Defense, IT and Telecom, Banking and Finance, Transportation and logistics, Retail and Consumer goods, Media and Entertainment, Others

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Major companies operating in the high performance computing market report are Microsoft Corporation, Dell Inc., Huawei Technologies Co. Ltd., Amazon Web Services Inc., Lenovo Group Ltd., Intel Corporation, Hewlett Packard Enterprise Development LP, The International Business Machines Corporation, Cisco Systems Inc., NVIDIA Corporation, Fujitsu Limited, NEC Corporation, Advanced Micro Devices Inc., Atos SE, Dassault Systèmes SE, Super Micro Computer Inc., Sugon Information Industry Co. Ltd., Cray Inc., Mellanox Technologies Ltd., Inspur Group, DCX USA LLC, Eurotech S.p.A., One Stop Systems Inc., Rescale Inc., Penguin Computing Inc., Bright Computing Inc., Ultipa Inc., Saras Micro Devices, OSNEXUS Corporation, Quantinuum, Strangeworks Inc., GigaIO Inc., Silicon Graphics International Corp., Parallel Machines

Contents of the report:
1. Executive Summary
2. High Performance Computing Market Report Structure
3. High Performance Computing Market Trends And Strategies
4. High Performance Computing Market - Macro Economic Scenario
5. High Performance Computing Market Size And Growth
…..
27. High Performance Computing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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