2024 Hybrid Cloud Market Size, Growth And Opportunity Assessment


Posted April 24, 2024 by SushmithaTBRC

The supercomputers market size is expected to see rapid growth in the next few years. It will grow to $26.67 billion in 2028 at a compound annual growth rate (CAGR) of 17.8%.

 
Overview and Scope
A supercomputer is a computer with the architecture, resources, and components necessary to perform large computations. Today's supercomputers are made up of tens of thousands of processors that can do billions or trillions of calculations per second. A supercomputer is generally intended for use in businesses and organizations that demand a large amount of computational power. A supercomputer combines architectural and operational elements from parallel and grid processing, in which a process is run on thousands of processors at the same time or spread among them.

Sizing and Forecast
The supercomputers market size has grown rapidly in recent years. It will grow from $11.78 billion in 2024 to $13.84 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to government investments in scientific research, national security and defense applications, computational demands of weather modeling, advances in high-performance computing (hpc) architecture, growth of artificial intelligence and machine learning applications.

The supercomputers market size is expected to see rapid growth in the next few years. It will grow to $26.67 billion in 2028 at a compound annual growth rate (CAGR) of 17.8%. The growth in the forecast period can be attributed to continued growth of data-intensive applications, expansion of supercomputing for drug discovery and healthcare, development of exascale computing capabilities, increasing demand for quantum computing solutions, rise of edge computing and distributed supercomputing networks. Major trends in the forecast period include integration of artificial intelligence into supercomputing workflows, emphasis on energy efficiency and sustainability, collaboration between governments, academia, and industry for research, hybrid and cloud-based supercomputing solutions, convergence of supercomputing with big data analytics and simulation technologies.

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Segmentation & Regional Insights
The supercomputers market covered in this report is segmented –

1) By Type: Vector Processing Machines, Tightly Connected Cluster Computer, Commodity Cluster
2) By Processor Type: Intel, IBM (Power), AMD, Other Proccessor Types
3) By Applications: Commercial, Research Institutions, Government Entities, Other Applications

North America was the largest region in the supercomputer market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the supercomputers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
Government investment in high-processing power is expected to propel the growth of the supercomputer market going forward. High processing power refers to the processing that is used to manage and process data to analyze the data and aid decision-making. Governments across the globe are investing in high-end projects that require high-performing computing devices, resulting in the growth of supercomputer demand. For instance, in January 2021, the National Center for Atmospheric Research-USA announced a $35 million plan to launch a powerful new supercomputer to research phenomena such as solar storms, climate change, and extreme weather events that endanger humanity's home planet. Hewlett Packard Enterprise designed and deployed the system at a Wyoming government site. Furthermore, In July 2021, the U.S. Department of Energy (DOE) announced $28 million in funding for five research projects to develop software for supercomputers . Therefore, government investment in high-processing power is driving the growth of the supercomputer market.

Key Industry Players
Major companies operating in the supercomputers market report are Atos IT Solutions & Services Ltd., Dawning Information Industry Co. Ltd., Dell Technologies Inc., Fujitsu Limited, Huawei Investment & Holding Co. Ltd., International Business Machines Corp., Lenovo Group Ltd., NEC Corporation, Nvidia Corporation, Sugon Information Industry Company, Hewlett Packard Enterprise Company, Hitachi Ltd., Bull SAS, Cray Research and Silicon Graphics Inc., D-Wave Quantum Systems Inc., Honeywell International Inc., Space Exploration Technologies Corp., Cisco Systems Inc., Eurotech SpA, Inspur Software Co. Ltd., Penguin Computing Inc., Super Micro Computer Inc., Rackable Systems Inc., Advanced Micro Devices Inc., Evaxion Biotech AS, Health Rhythms Inc., Rescale Inc., Baidu Inc., Intel Corporation, RSC Group, ASUS TEK Computer Inc.

The supercomputers market report table of contents includes:
1. Executive Summary
2. Supercomputers Market Characteristics
3. Supercomputers Market Trends And Strategies
4. Supercomputers Market - Macro Economic Scenario
5. Global Supercomputers Market Size and Growth

......

31. Global Supercomputers Market Competitive Benchmarking
32. Global Supercomputers Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Supercomputers Market
34. Supercomputers Market Future Outlook and Potential Analysis
35. Appendix

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Last Updated April 24, 2024