The global high performance computing market is anticipated to grow at a significant CAGR during the forecast period. The use of parallel processing to run advanced application programmes efficiently, consistently, and swiftly is known as high-performance computing. High Performance Computer (HPC) is a method of accumulating computing resources to achieve high performance in solving a large number of problems in science, industry, or engineering.
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The capacity of HPC systems to process large volumes of data quickly and accurately is a key element driving the market’s growth. A major driver for the growth of the global high-performance computing market is the rising demand for high-efficiency computing in various industries such as finance, medical, research, geological exploration and analysis, and government and defence. One of the major factors driving the expansion of the global HPC market is the increasing necessity in several industries for rapid data processing with high precision.
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Furthermore, the growing popularity of cloud computing, combined with several governments’ digitalization ambitions, will play an important role in propelling market expansion during the forecast period. Furthermore, the market is anticipated to develop due to the expansion of the IT industry, advancements in virtualization, and continued diversification.
Global High Performance Computing Market – Segmentation
By Component
Solutions
Services
By Deployment Type
On-Premises
Cloud
By Application Area
Government & Defense
Education & Research
Banking, Financial Services, and Insurance (BFSI)
Media and Entertainment
Healthcare & Bioscience
Energy & Utilities
Gaming
Others
Global High Performance Computing Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Advanced Micro Devices Inc.
Hewlett Packard Enterprise
Intel Corporation
IBM Corp.
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