High-performance computing market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. HPC is a practice of aggregating computing power that delivers higher horsepower than traditional computers and servers. It aids in processing huge volumes of data at very high speeds using multiple computers and storage devices. HPI has made advances in various fields such as precision medicine, fraud detection in fintech, personalized interest rates, business intelligence, and seismic analysis, among others. The growing requirement for HPC solutions in various applications, continued diversification, expansion of the IT industry, advances in virtualization, and rising preference for hybrid HPC solutions are some of the factors driving the growth of the market.
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Among deployment type, the on-premises segment is anticipated to have a significant share. On-premises deployment requires a higher installation cost as compared to cloud-based deployment. However, the advantage of enhanced data security and customized features as per the requirement of the user are some of the primary factors boosting the demand and adoption of on-premises HPC solutions across the globe. Several companies are also inclined on launching on-premises HPC solutions and services for catering to rising demand. For instance, in January 2022, Lenovo launched a new on-premises HPC solution to deliver the power of supercomputing to organizations of all sizes. The new service is part of Lenovo’s existing TruScale software portfolio that puts all of Lenovo’s scalable IT services under one umbrella called high-performance computing as a service (HPCaaS). As per the company, it can eliminate some of the biggest drawbacks to cloud-based HPC: The overuse of resources.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global High-Performance Computing (HPC) Market Report Segment
By Component
- Solutions
- Services
By Deployment Type
- On-Premises
- Cloud-Based
By Application Area
- Government & Defense
- Banking, Financial Services, and Insurance (BFSI)
- Media and Entertainment
- Healthcare & Bioscience
- Others (Gamin, Energy & Utilities)
Global High-Performance Computing (HPC) Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global high-performance computing (HPC) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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