360 Research Reports offers the latest published report on “Global High Performance Computing Market – Segmented By Component (Hardware, Software, Services), Mode of Deployment (On-premise, On-demand), End User and Geography – Growth, Trends, and Forecasts (2019 – 2023)” delivering key insights and providing a competitive advantage to clients through a detailed report.
Global High Performance Computing Market 2019-2023 considers the past, current and future state of the industry while encapsulating modest landscape analysis, manufacturers, marketing strategies, industry effect factor analysis. An unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas has been included to help stakeholders to device and align High Performance Computing market strategies according to the current and future market. All enterprise profiles of the main players and brands are shown in this research. The report presents the drivers and restrictions of the market that have been explained by SWOT analysis.
High Performance Computing Market Segmentation by Major Players:
Advanced Micro Devices, Inc. (AMD), NEC Corporation, Hewlett Packard Enterprise (HPE), Sugon Information Industry Co., Ltd, Fujitsu Ltd, Intel Corporation, International Business Machines Corporation (IBM), Microsoft Corporation, DELL Technologies Inc., Cray Inc., Lenovo Group Ltd., Amazon Web Services, Rackspace US Inc.
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Overview of High Performance Computing Market Report:
The global high-performance computing (HPC) market was valued at USD 27.28 billion in 2017 and is projected to reach a value of USD 39.58 billion by 2023, at a CAGR of 6.40% over the forecast period, 2019-2023.
HPC has become vital to various users across government sectors, enterprises, and scientific researchers, to generate and develop advanced products and services. There is an imminent need to develop sophisticated HPC systems, and deploy them throughout academic, industry, and government institutions, while also utilizing it to address social challenges, like health, public safety, weather forecasting, climate change, and environmental protection. These advancements in computing technology are providing various benefits, like faster computing capabilities, enhanced performance efficiency, and smarter operation & management. These factors are expected to enhance the growth of the market during the forecast period.
Expansion and Diversification of IT Industry
The fast-paced growth in the IT industry is expected to be the major driver for the high-performance computing market. The incorporation of IT services across diverse industry verticals is the major cause for this growth, where, apart from business operations, these services are also used for process optimization, data management, and analytics. These functionalities are becoming more complex with growing industry size and high consumer data generation, creating a huge demand for HPCs. Furthermore, information technology has emerged as an integral part of business operations across different industry verticals, further supplementing the market growth.
Hardware Segment Occupies Major Market Share
The hardware segment constitutes a major part of the revenue generated in the high-performance computing market. HPC networks, are usually a cluster of computers or a single high-performance supercomputer, and hence, the hardware components, including processors, networking devices, memory, storage, servers, graphic adaptors, and other such equipment, are major contributors to the market. Servers are among the most integral parts of the HPC infrastructure cluster, and account for a major part of the hardware components market share. Advances in technology have led to rapid improvements in the HPC systems and enhancing their size, density, power requirements, and storage capacity over the recent past.
North America Dominated the Market
North America is one of the largest markets for technology-based solutions. It is also expected to be a strong player in the global economy, especially, in the development and implementation of new technologies. This implementation of new technologies is driven by the huge increase in raw data, and the need for security, thus, leading to the deployment of HPC systems. Moreover, both, large firms, such as General Motors, Procter & Gamble, and Boeing, and small and medium enterprises, such as L&L Products and Zipp, are deploying HPCs to solve technical challenges in several industries. Thus, using these insights to develop innovative products will help in providing first mover advantage in their markets.
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Important factors that are mentioned in the High Performance Computing Market report 2023…
Key Market Dynamics: The Global High Performance Computing Market research report provides complete forecasts on the latest market trends, development methods, and research methodologies. Some of the factors that are directly in affecting the market including the Strategic Production and Methods, development platforms, and the product model itself, and even a minute change within the product profile would result in a huge amount of changes within the mentioned factors. All of these factors are explained in detail in the research study.
Major Growth Prospects: The report also focuses on some of the Key growth prediction, including new product launches, Mergers and Acquisitions, Research and Development, joint ventures, collaborations, agreements, partnerships, and growth of the key Manufacturers working effectively in the market, both in terms of regional and global scale depending on geography.
Key Market Highlights: The report gives us an in-depth Market analysis on some of the High Performance Computing Market key factors, including revenue, cost, capacity, capacity utilization rate, production, production rate, consumption, supply, demand, Market share, CAGR, and gross margin. Additionally, the report presents a comprehensive study of the market growth factors and their latest trends, along with related Market sections and subsections.
Potential Customers: The High Performance Computing Market report provides significant insights to readers, service providers, suppliers, distributors, manufacturers, stakeholders, and individuals who are interested in evaluation and self-studying the High Performance Computing market.