High-Performance Computing (HPC) Market to Grow with a Notable CAGR Throughout 2021-2029; 2020 Witnessed Soaring Demand for High-Performance Computing Amidst COVID-19 with Companies Developing Vaccines and Businesses Restructuring Their BPMs

Research Nester released a report titled “High-Performance Computing (HPC) Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the high-performance computing market in terms of market segmentation by component, application, deployment, end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

Combining the computing power of multiple workstations through a nodal network to achieve significant performance and processing capabilities is often referred to as high-performance computing. Owing to its various applications in the fields of science, engineering and business through developing modelling simulations and technology advancements in semiconductor technology, the global high-performance computing market is anticipated to record a significant CAGR over the forecast period, i.e., 2021-2029. Based on components, the market is bifurcated into hardware and software, out of which, the highest stance is estimated to be held by the hardware components segment. This can be attributed to the need for components such as processors, servers, storage devices and others in large quantities to construct a high-performance computing network or a supercomputer. The market is further segmented by deployment of solutions or services into on-site and cloud channels. Among these segments, the cloud segment was the largest revenue generating segment in 2019 owing to the advantages of unlimited storage and scalability of resources at an optimum cost. Additionally, the evolution of 5G technology and increase internet speeds also contributed to the growth of the segment.

Geographically, the global high-performance computing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, the market in North America region is predicted to hold the leading share on account of the presence of leading market players in the region which manufacture and market HPC solutions and services. The demand for private cloud IaaS platforms in the region are expected to positively influence the HPC market. Additionally, growing acceptance of cloud computing and IoT devices with increasing internet connectivity in Asia Pacific region is expected to drive the market growth.

Emerging Trends Such as Big Data, AI and Breakthroughs in Semiconductor Technology to Boost the Market Growth

The demand for high-performance computing is high owing to the rise of emerging technologies, such as, big data and AI, and the need for real-time data analysis and processing capabilities to help SMEs and large enterprises for effective BPM and operations. Additionally, the need for high computational power for different activities, such as, developing cures for cancer and COVID’19 pandemic, to fight climate change, reduce economic inequality and poverty and others, are some of the factors that are anticipated to significantly drive the market growth.

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However, factors such as, the clustered nature of HPC systems, which makes it vulnerable to cyber-attacks and data thefts, along with lack of product awareness in SMEs and huge capital requirement to setup HPC systems, are some of the factors estimated to hamper the market growth.

This report also provides the existing competitive scenario of some of the key players of the global high-performance computing market which includes company profiling of Advanced Micro Devices, Inc. (NASDAQ: AMD), NEC Corporation (TYO: 6701), Intel Corporation (NASDAQ: INTC), IBM (NYSE: IBM), Hewlett Packard Enterprise Development LP (NYSE: HPE), NVIDIA Corporation (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT) and Dawning Information Industry Co., Ltd. (SHA: 603019). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global high-performance computing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.