Global High Performance Computing (HPC) market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of High Performance Computing (HPC) industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, High Performance Computing (HPC) barriers, and feasibility study are the vital aspects evaluated in this report.
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.
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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.
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.
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