High Performance Computing (HPC) Market Research Report- Forecast till 2027

Market Highlights

High performance computing (HPC) refers to the extra computing power gained from aggregation of varied processors for solving complex problems with high speeds. It's employed by scientists for studying large data volumes and gleaning insights by implementing new techniques that need decision-making in current times. HPC plays an equivalent role of a supercomputer and employed in industries of aerospace, defense, and navigation systems. The worldwide high performance computing market report by marketing research Future (MRFR) unveils new trends in integration of services and its application for the forecast period (2020-2027). The COVID-19 outbreak and its role within the industry has been included within the report.

Market Scope

The global HPC Market is about to exhibit 8% CAGR over the forecast period. The expansion is facilitated by use of HPC for resolving complex problems in cryptography, satellite mapping, advanced vehicles, and high-resolution image processing. Computing of knowledge with high precision in fields of finance and healthcare by using algorithms can bode well for the market. The large demand for hybrid solutions and scaling of HPC resources by enterprises can drive the market growth. Shift to cloud can facilitate the adoption rate of high performance computing among large industries. Large sales of supercomputers and divisional machines including cloud setups capable of high performance computing can bode well for the market.

The COVID-19 outbreak has propelled innovation in HPC with consortiums being formed to aggregate the computing power of varied supercomputers to realize insights on experimental data accumulated from various COVID-19 cases. It's been utilized to great effect for development of therapies and coverings for patients detected with the virus. Moreover, applications of HPC in cybersecurity, green vehicles, and global climate change can widen the ambit of the market.

But lack of expert personnel and advances in high performance workstations can hamper market growth.

Competition Analysis

Hewlett Packard Enterprise Company, Intel Corporation, Microsoft Corporation, Oracle Corporation, Dell, Inc., Advanced Micro Devices, Inc., IBM Corporation, Hitachi Ltd, Cisco Systems, Inc., and Fujitsu Ltd are key players of the high performance computing market.

Industry news

SiPearl and Graphcore have entered into a replacement partnership to support AI workloads of supercomputers. The alliance can propel the innovation of AI and HPC and develop accurate simulation and prediction models.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/high-performance-computing-market-2698

High Performance Computing Market Research Report, by Deployment (On Premise, On Cloud), by Vertical (BFSI, Manufacturing, Retail, Healthcare), by Component (Storage, Software, Server) – Forecast till 2027

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