High Performance Computing Market Driven by Emergence of Big Data


Posted August 11, 2017 by akshb08

HPC market is estimated to grow from USD 28.08 Billion and projected to be of USD 36.62 Billion by 2020, at a high Compound Annual Growth Rate (CAGR) of 5.45%.

 
According to a new market research report, “High Performance Computing Market by Components Type (Servers, Storage, Networking Devices, & Software), Services, Deployment Type, Server Price Band, Vertical, & Region — Global Forecast to 2020”, published by MarketsandMarkets, the HPC market is estimated to grow from USD 28.08 Billion and projected to be of USD 36.62 Billion by 2020, at a high Compound Annual Growth Rate (CAGR) of 5.45%.

Browse 66 market data Tables and 34 Figures spread through 162 Pages and in-depth TOC on “High Performance Computing Market”

http://www.marketsandmarkets.com/Market-Reports/Quantum-High-Performance-Computing-Market-631.html
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Growing complexity of businesses and increasing adoption of information technology across different industrial verticals is creating strong demand for highly efficient computers. This is creating demand for the supercomputers, which are widely used for intensive tasks across various fields of computational science. Rising demand for these systems is strongly driven by the applications they find across different industrial verticals including academics and automotive. The global high performance computing market is driven by the rising applications and constantly evolving technology in the industry. Demand from the emerging regions is also expected to play a crucial role in the overall growth of this market.

Drivers and Restrains for HPC Market

As mentioned before, the global market for high performance computing is witnessing impressive growth since past few years. This growth is majorly driven by the complexity of applications in different research activities and business processes. Applications like molecular scanning, simulation, seismic analysis, designing aircrafts, and such other complex activities require higher and more efficient performance computing systems. Growth in the big data market is also a strong driving factor for the high performance computing market. Major restraining factors for the industry include increasing costs of resources and issues related with power and cooling.

What to Expect — Forecasts

According to the experts, the global market is expected to witness impressive growth opportunities in the next few years. These opportunities are expected to be presented by deployment of new high performance models and transition from petaflops computing. As a result, businesses in this market are expecting to witness healthy growth and exciting investment opportunities across different parts of the world. Before analyzing the financial aspects and growth prospects for the industry, researchers segment it on the basis of the types of services, verticals, deployment models, price bands and geographic regions. Following are the details of the industry segmentation:

Services: Storage & networking, servers, software and professional services
Deployment: On-premise and cloud based
Geography: North America, Latin America, Asia Pacific, Middle East and Africa and Europe
Verticals: Media, web, manufacturing, academia, government, gaming, weather, energy, BFSI, bio sciences, transportation, etc.

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Website High Performance Computing Market Driven by Emergence of Big Data
Phone 1–888–600–6441
Business Address 701 Pike Street Suite 2175
, Seattle, WA 98101, United States
Country United States
Categories Security , Software , Telecom
Tags high performance computing market , hpc
Last Updated August 11, 2017