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:
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