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.
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.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Components
o By Application
o By Deployment
- Competitive Landscape: Advanced Micro Devices Inc., Hewlett Packard Enterprise, Intel Corporation, IBM Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global High-Performance Computing (HPC) Market by Segments
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
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