High Performance Computing Market is Expected to reach 44.98 Billion USD by 2022

(I-SoftwareNews.Com, September 10, 2018 ) "High Performance Computing Market by Component (Solutions (Servers, Storage, Networking Devices, and Software), and Services], Deployment Type, Organization Size, Server Price Band, Application Area, and Region - Global Forecast to 2022", is expected to grow from USD 32.11 Billion in 2017 to USD 44.98 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.

An increasing need for efficient computing, enhanced scalability, and reliable storage is expected to propel the adoption of HPC solutions. HPC offerings can handle large volumes of data with ease and can extensively support higher processing power and speed for data analysis. This has further fueled the demand for these solutions among end users.

Browse 69 tables and 33 figures spread through 132 pages and in-depth TOC on "High Performance Computing Market 2022"

https://www.marketsandmarkets.com/Market-Reports/Quantum-High-Performance-Computing-Market-631.html

Early buyers will receive 10% customization on this reports.

Networking devices are expected to grow at the highest CAGR.

The networking devices segment is expected to witness the highest CAGR during 2017–2022. Networking devices provide organizations with optimum networking solutions that help them overcome the issues of traditional networks that are highly static and associated with high operational overheads and manual intervention. These benefits are driving the HPC market, and they are expected to drive the market during the forecast period.

North America is expected to dominate the HPC market during the forecast period

On the basis of regions, the global HPC market is segmented into North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is estimated to have the largest market size in 2017, owing to the presence of a large number of vendors and rapid adoption of HPC solutions in this region. The market in APAC is expected to grow at the highest CAGR during the forecast period. The primary driving forces for this growth are the increasing awareness and adoption of effective and scalable solutions in this region.

The report also includes different growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to increase their shares in the market. Some of the major technology vendors in the HPC market include AMD (US), Atos (France), AWS (US), Cisco Systems (US), Cray (US), DDN (US), Dell (US), Fujitsu (Japan), Hitachi Vantara (US), HPE (US), Huawei (China), IBM (US), Inspur (China), Intel (US), Lenovo (US), Microsoft (US), NEC (Japan), NetApp (US), NVIDIA (US), Oracle (US), Panasas (US), Penguin Computing (US), Spectra Logic (US), Sugon (China), and Xilinx (US).

Increasing need for efficient computing, enhanced scalability, and reliable storage and growing need to process data with speed and accuracy are driving the global High Performance Computing (HPC) market to USD 44.98 billion by 2022

The HPC technology provides excellent computing power and enhanced performance for running advanced applications. It uses parallel supercomputers and clusters of computers where aggregation of computing power is needed for delivering higher performance. The increasing number of complex applications, in each and every business process and research, is significantly boosting the demand for HPC.

Organizations in various verticals, such as manufacturing, energy and utilities, chemicals, government and defense, and academic institutions, need to resolve complex problems and calculations. These complex problems and calculations can be related to any natural phenomenon, such as weather forecasting, climate change, and space explorations. In such areas, IT professionals deal with web data, databases, financial data, and applications that require higher processing power and where speed and performance become the crucial factors.

Furthermore, the emergence of big data has increased the demand for systems that can handle data-intensive workloads. HPC clusters are systems that can handle vast volumes of data with ease and can extensively support high performance data analysis. The improved data collection technology and applications require higher processing power and speed for data analysis and results. Better scans, High Definition Television (HDTV), multilayer scans, and enhanced information gathering capabilities all add to the requirements for more Central Processing Units (CPUs) and quicker storage solutions that are delivered through HPC.

The main factor driving the growth of the HPC market is the ability of HPC solutions to process large volumes of data with speed and accuracy. The industry verticals where applications are encountering slow and inefficient data processing issues include finance, medical, research, seismic exploration, and government and defense.

The quick-paced nature of the financial market makes vitality crucial so that the derivative valuations are processed faster and more accurately. In the medical field, applications such as Computed Tomography (CT) scanning and Magnetic Resonance Imaging (MRI) require quick, accurate results from the processing of complex algorithms. HPC helps them in reducing the compute time considerably and processes the CT and MRI data quickly and with accuracy. Therefore, the increasingly need in various fields for faster processing of data with high accuracy is one of the major factors driving the growth of the HPC market.

Ask For PDF Brochure!

Growing requirement for hybrid HPC solutions and advent of exascale computing are major opportunities in the market

With the growing demand for HPC solutions and increasing advancements in technology, organizations today are focusing on hybrid HPC solutions. IT teams are fiercely working on establishing a balance between cloud and on-premises HPC solutions. Enterprises are scaling out on-premises HPC resources as needed. Simultaneously, Cloud Service Providers (CSPs) have also started to offer turn-key HPC solution environments that are tailored to the specific workload needs of enterprises.

A hybrid HPC solution results in better efficiencies. Apart from this, it also resolves security and privacy concerns as well as lowers the maintenance cost. Therefore, the increasing focus on hybrid HPC solutions is expected to provide tremendous opportunities for the growth of the HPC market.

Additionally, the arrival of exascale computing is seen as one of the biggest opportunities that will maximize the benefits of HPC. Exascale refers to computing systems that are at least 50 times faster than the most powerful supercomputers in use today. Exascale computing will provide advanced modeling and simulation solutions that will address the key challenges in scientific discovery, energy assurance, economic competitiveness, and national security.

The Exasclae Computing Project is a collaborative effort of 2 US Department of Energy (DOE) organizations: the Office of Science (DOE SC) and the National Nuclear Security Administration (NNSA). With the increasing volumes of data, HPC systems are demanding both greater memory capacity and high performance bandwidth to operate efficiently. Exascale computing will address both these challenges, thereby providing huge opportunities to the HPC market to flourish.

MarketsandMarkets

Mr. Shelly Singh

1-888-600-6441

sales@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Software News!

High Performance Computing Market is Expected to reach 44.98 Billion USD by 2022