The global HPC market is expected to grow from USD 37,8 billion in 2020 to USD 49,4 billion by 2025, at a CAGR of 5,5% during the forecast period.
The demand for HPC is driven by the increasing need for efficient computing enhanced scalability, and reliable storage, emerging need for the high speed data processing with accuracy, adoption of HPC in the Cloud.
The components is sub-segmented as Solutions as services. The services segment is further sub-segmented as design and consulting, integration and deployment, support, maintenance, and management. The increasing adoption of the HPC solutions need support, maintenance, and management services. The support, maintenance, and management services include various onsite and offsite services. The onsite services include support activities, such as device repair and replacement, as well as various de-installation services, such as disk wiping, unracking of devices, and resale and recycling of the devices.
The HPC market has been segmented into the following application areas, such as government and defense, BFSI, Education and research, manufacturing, health care and life sciences, energy and utilities, earth sciences; and others (retail, transportation, travel and hospitality and real estate). The government and defense sector is witnessing the rapid adoption of cutting-edge IT infrastructure solutions to improve computing efficiency and further drive the economic growth.
The APAC HPC market is experiencing slashing IT budgets and the growing IT infrastructures across organisations, which is encouraging the organisations in the region to adopt HPC solutions for streamlining their lease processes. The major countries to witness high growth rates in this region include ANZ, Japan, and China among others.
Market dynamics include the following:
1. Drivers
2. Restraints
3. Opportunities
4. Challenges
For more information about this report you can visit the Research and Markets website.
Preparing an earthquake risk assessment application for exascale ...
A bit too much: reducing the bit width of Ising models for quantum annealing ...
The world's first integrated quantum communication network ...
Northern Data acquires data centre site in Northern Sweden fully powered by green energy ...
Environmental researchers benefit from powerful supercomputer at Plymouth Marine Laboratory ...
XSEDE welcomes new service providers ...
IBM appoints Gary D. Cohn as Vice Chairman ...
Light-based processors boost machine-learning processing ...
Existing Northern Data bitcoin mining customer expands contract volume by more than 200 MW ...
Power XL Pro launched as new professional server based on AMD EPYC technology ...
Swinburne-led research team demonstrates world's fastest optical neuromorphic processor ...
Supercomputer models describe chloride's role in corrosion ...
HPC-AI Advisory Council to host HPC AI AC Conference in Japan on January, 26 ...
Insights through atomic simulation ...
Advanced materials in a snap ...
New data-driven global climate model provides projections for urban environments ...
Frequency data for stable power supply ...
Physicists observe competition between magnetic orders ...
UTSA Artificial Intelligence Consortium receives over $1 million in research funding ...
Entangling electrons with heat ...
NIO partners with NVIDIA to develop a new generation of automated driving electric vehicles ...
Navantia leverages Ansys' digital transformation solutions to design next-gen naval vessels ...
Engineering graduate student places second in international research competition ...
Covid-19 genome sequencing project gets major upgrade ...
UJET CCaaS Cloud contact centre now available on Oracle Cloud Marketplace ...