Maratha Headlines

High Performance Computing Market Revenue To Beat $53.65 Billion By 2027 Due To Increasing Need For High-Efficiency Computing and Expansion of IT Sector | Million Insights

 Breaking News
  • No posts were found

High Performance Computing Market Revenue To Beat $53.65 Billion By 2027 Due To Increasing Need For High-Efficiency Computing and Expansion of IT Sector | Million Insights

September 08
16:04 2021
High Performance Computing Market Revenue To Beat $53.65 Billion By 2027 Due To Increasing Need For High-Efficiency Computing and Expansion of IT Sector | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global high performance computing (HPC) industry research report offers thorough insights on component, deployment, end-use and demand. It also offers ready, data-driven answers to several industry-level questions.

The global high performance computing (HPC) market size is projected to reach USD 53.65 billion by 2027 and registering a CAGR of 6.5% during the forecast period from 2020 to 2027, according to a new report by Million Insights. HPC is categorized into High-Performance Business Computing (HPBC) and High-Performance Technical Computing (HPTC). HPTC has high adoption inengineering field for simulation, modelling, and computational fluid dynamics. Further, it also finds application on educational and research institutions, manufacturing industry, government and defence agencies among others. On the other hand, HPBC is used for gaming and fraud detection. Further, financial service providers and logistics companies are also adopting HPBC. Therefore, rising demand for HPC among government departments, manufacturing companies, and defence agencies are expected to drive the market growth over the next few years.

HPC is a cluster of computers that solve critical problems, equations, and run long algorithms accurately compared to traditional computing. Conventionally, HPC was preferred by aerospace and navigation industries. However, rising adoption of cloud computing, emergence of new technologies such as artificial intelligence, diversification of the IT industry and growing need for business analytics is major factor expected to drive the market growth across the globe.

To download the sample PDF of “High Performance Computing Market” Report please click here:
https://www.millioninsights.com/industry-reports/global-high-performance-computing-hpc-market/request-sample 

 

Data centres require an architecture that can process large data at a significant speed where HPC plays an important role in such data centres to process such data. Further, numerous organizations are adopting HPC to process a large amount of data at high speed and simplify their complex equations more accurately. Academic and research institutions are also using HPC systems to manage their operations efficiently during the initial stages of research. 

HPC system hasability to execute high-end research projects which was impossible earlier. HPC systems are helpful across several fields like electromagnetism, structural analysis, geophysics statistics, computational biology, genetics, mathematical modelling, medicine, nuclear physics, astrophysics, and others. Additionally, high efficiency of HPC helps researchers for undertaking research activities like human genome mapping & modelling, deep neural networks, artificial intelligence, and others. 

Key players operating in the high performance computing market are focusing on offering advanced solutions to cater to end-users demand. This solution comprises management of tools and basic configurations that are easy to deploy and also capable of managing changing workloads. On the other hand, budget constraints at SMEs, lack of awareness, and security concerns are some of the other factors expected to hamper the market growth. 

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-high-performance-computing-hpc-market 

 

Further key findings from the report suggest:

• In 2019, on premise segment held the largest market share wherein the cloud segment is projected to grow at the highest CAGR of 7.6% over the forecast period. This growth is attributed to its benefits such as scalability, cost-effectiveness, ease of deployment, and high security.

• In 2019, the government and defence segment accounted for the largest market share and projected to grow with the highest CAGR from 2020 to 2027. Growing adoption of HPC in aircraft simulation,encryption and decryption of confidential information, and surveillance are factor expected to drive the segment growth in the next few years.

• North America market is expected to witness significant growth during the forecast period due to the technological advancement in computing. U.S. holds more than 70% of the North America HPC market, in 2019 and expected to lead during the forecast period.

• Key industry players are adopting several strategies such as collaborations and partnerships to strengthen their position in the competitive market. For example, in 2019, Intel Corporation announced strategic partnership with Oracle. This partnership aims to Oracle will integrate Intel’s Optane DC persistent memory into its next-generation platforms.

Million Insights has segmented the global High Performance Computing (HPC) market on the basis of component, deployment, end-use, and region:

High Performance Computing Component Outlook (Revenue, USD Billion, 2016 – 2027)

    • Servers

    • Storage

    • Networking Devices

    • Software

    • Services

    • Cloud

    • Others 

High Performance Computing Deployment Outlook (Revenue, USD Billion, 2016 – 2027)

    • On-premise

    • Cloud 

High Performance Computing End-use Outlook (Revenue, USD Billion, 2016 – 2027)

    • Banking, Financial Services, and Insurance (BFSI)

    • Gaming

    • Media & Entertainment

    • Retail

    • Transportation

    • Government &Defense

    • Education & Research

    • Manufacturing

    • Healthcare & Bioscience

    • Others 

High Performance Computing Regional Outlook (Revenue, USD Billion, 2016 – 2027)

    • North America

        • The U.S.

        • Canada

    • Europe

        • The U.K.

        • Germany

        • France

    • Asia Pacific

        • China

        • India

        • Japan

        • Singapore

    • Latin America

        • Brazil

        • Mexico

    • The Middle East & Africa

Browse latest market research reports available with Million Insights:

• Payment Gateway Market: The global payment gateway market was prized by USD 18.21 billion in 2020. It is estimated to witness 21.7% CAGR from 2021 to 2028.

• Healthcare Contract Research Organization Market: The global healthcare contract research organization market was prized by USD 39.6 billion in 2020. It is estimated to witness 6.6% CAGR from 2021 to 2028. 

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-high-performance-computing-hpc-market