Global High-Performance Computing Market Report, published by Variant Market Research, forecast that the global market is expected to reach $60.9 billion by 2025 from $31.6 billion in 2017, growing at a CAGR of 8.5% from 2017 to 2025.
“High-Performance Computing Market (By Component: Hardware & Architecture, Software & System Management and Professional Services; By Deployment: Cloud and On-Premise; By Application: High Performance Technical Computing, and High-Performance Business Computing; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025”
The global high-performance computing market is mainly driven by advance technologies, and rising demand for efficient computing
The major factors fueling the growth of the high-performance computing market are convergence of data with accuracy and high speed, advance technologies, and rising demand for efficient computing. In addition, high demand in military, engineering design, research institutes, weather research, government labs and universities have also encouraged the market growth. However, high price and data security issues are the restraints of the market growth. Furthermore, escalating research, computation and data analysis performance has been expected to create ample of opportunities in the world high-performance computing market.
Components, deployment, applications, and geography are the classifications of the global high-performance computing market. By component, the market comprises hardware & architecture, software & system management and professional services. Deployment type segment is categorized into cloud and on-premise. Furthermore, application type segment is bifurcated into high performance technical computing, and high-performance business computing.
The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. Germany, France, UK, Russia, and Rest of Europe are analyzed under the European market. India, China, Japan, and Rest of Asia-Pacific are included under the Asia-Pacific market. While RoW is bifurcated into South America, Middle East, and Africa.
Professional services, by component segment led the market with major share in 2017
Professional services contributed for the majority of the share in 2017, in the component segment, and is expected to continue its trend during the forecast period, owing to increasing demand for customized design and improved operability.
Cloud occupied the principal share in the deployment segment in 2017
Cloud contributed the largest market share in the deployment segment and is likely to continue its dominance throughout the forecast period 2017 – 2025. The reason being, it helps minimize an organization’s operative costs by reducing the need to buy an additional computing resource.
North America accounted for the maximum share in the global high-performance computing market
In 2017, North America was the highest revenue generating region of the global high-performance computing market share due to the presence of a large number of vendors and quick adoption of HPC solutions in this region. Also, Asia-Pacific is likely to achieve the fastest CAGR during the forecast period. The high growth is attributed in this region owing to growing adoption and awareness, and effective & scalable solutions of the high-performance computing market.
Prominent players operating in the market include Advanced Micro Devices, Inc, Microsoft, IBM, Intel Corporation, FUJITSU, Oracle, Lenovo., Dell, Cisco Systems, Inc., and NVIDIA Corporation, among others.