The global High Performance Computing Market size is projected to be worth USD 60.1 Billion in 2026 and the market is projected to showcase 7.4% CAGR during the forecast period. The market is driven by increasing penetration of need for high-efficiency computing across all the verticals.
High Performance Computing Market Report Coverage
|Market||High Performance Computing Market|
|Analysis Period||2015 - 2026|
|Forecast Data||2018 - 2026|
|Segments Covered||By Component, By End-user, By Deployment and By Geography|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Cisco Systems, Inc., Advanced Micro Devices, Inc. (AMD), Dell Technologies, Inc., Cray Research, Inc., and Atos SE.|
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
|Customization Scope||10 hrs of free customization and expert consultation|
High Performance Computing Market Dynamics
The rising demand for high-efficiency computing, continuous modification and growth of the IT industry, developments in virtualization, and increasing preference for hybrid HPC solutions are some of the parameters anticipated to boost the market growth. The capability of HPC systems to process and evaluate the large amount of data at higher speeds is encouraging energy companies, defense agencies, academic institutions, government agencies, and utilities to embrace HPC systems. This is also expected to drive the need for the HPC market growth during the forecasted period.
High Performance Computing Market Insights
Increasing popularity of cloud computing paired with the digitization initiatives being accepted by numerous governments would play a pivotal role in catapulting the market during the forthcoming years. For example, the Government of UAE (United Arab Emirates) has introduced digital transformation projects, for instance Smart Dubai and Smart Abu Dhabi. Such projects would inspire implementation of cloud computing and prompt the demand for high-efficiency computing systems.
High Performance Computing Market Classification
The global high performance computing market is segmented into four major segment named component, end-user, deployment, and region. On the basis of component the high performance computing market is segmented into servers, storage, networking devices, software, services, cloud and other. On the basis of the end-user the global high performance computing market is segmented into Banking, Financial Services, and Insurance (BFSI), Gaming, Media & Entertainment, Retail, Transportation, Government & Defense, Education & Research, Manufacturing, Healthcare & Bioscience, and Others. On the basis of deployment, the High Performance Computing market is segmented into on premise and cloud. On the basis of region the global High Performance Computing market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
High Performance Computing Market Regional Insights
The North America captures for more than 35.0% market share in 2018. The region happens to be the largest or biggest market for technology-based solutions. Moreover, it is also expected to be a strong participant in the global economy, particularly, in the implementation and growth of new technologies. Though the demand to process large volumes of raw data is increasing, having robust security measures in place is also gaining importance, which is boosting the demand to implement the latest technologies, which, in turn, is boosting the implementation of high performance computing. Furthermore, North America is home to some of the large organizations, for instance, Boeing and General Motors, which along with other small and medium enterprises, are hostilely accepting HPC to overwhelm the technical restraints. This factor is expected to lift the adoption North America region.
High Performance Computing Market Participants
The major players associated with the high performance computing market Cisco Systems, Inc., Advanced Micro Devices, Inc. (AMD), Dell Technologies, Inc., Cray Research, Inc., and Atos SE. These players are continuously involved in strategic partnership and continuous product launch to meet the competitive world and satisfy the demand for advance computing system to offer fast and efficient speed of process. These players are also rigorously involved in testing and innovating new solution to transform world into digital world.
High Performance Computing Market Segmentation
High Performance Computing Market By Component
High Performance Computing Market By Deployment
High Performance Computing Market By End-user
High Performance Computing Market By Geography