Overview:
According to BlueWeave Consulting, the global high-performance computing market is estimated to have reached USD 37.1 billion in 2020 and is further projected to reach USD 54.4 billion by 2027, growing at a CAGR of 5.6% during 2021-2027 (forecast period).
Get Sample Copy @ https://www.blueweaveconsulting.com/global-high-performance-computing-(hpc)-market/report-sample
The growing need for high-efficiency computing, continued diversification, and expansion of the IT industry, advances in virtualization, and rising preference for hybrid High-Performance Computing (HPC) solutions are some of the factors expected to fuel the growth of the market. The ability of HPC systems to process large volumes of data at higher speeds is prompting government agencies, defense agencies, academic institutions, energy companies, and utilities to adopt HPC systems, which also bodes well for the growth of the HPC market.
Segmentation:
Based on deployment, the high-performance computing market is categorized into on-premises& cloud. Of these, the on-premises segment held the largest revenue share in 2019. This is attributed to the fact that governments remain keen on securing the sensitive data related to the national security and personal data of the citizens and enterprises are concerned about the protection of their respective organizational data. As a result, on-premises infrastructure is still being preferred over a cloud-based infrastructure. Such factors are expected to fuel the growth of the on premise segment. The Cloud deployment helps organizations in minimizing their operational costs as they do not have to invest in any additional computing resource.
Regional Analysis:
The North American HPC market is already mature for HPC systems, and a significant number of new installations of HPC and upgrade of the existing HPC solutions. Currently, the United States (US) holds the highest share in the HPC market as it is home to large telecom giants, well-established suppliers, as well as end-user industries that continuously adapt to newer technologies for improved business productivity and work efficiency. The North American region is known for its early adoption of advanced technologies driven by healthy technology development in the United States and Canada. Amid the ongoing outbreak of COVID-19, Forbes has mentioned high-performance computing as one of the most valuable weapons against the fight.
Key Players:
The leading players” in the global high-performance computing market include Lenovo, Cray, Nvidia, Atos SE, Advanced Micro Devices, Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Dell Technologies Inc., Fujitsu, Intel Corporation, IBM Corporation, Sugon, Dassault Systems, Microsoft Corporation, Hitachi Ltd, Oracle Corporation & Other prominent players. The market has witnessed various inorganic growth strategies, such as acquisitions & mergers, partnerships, and collaborations, adopted by companies over the recent past. For instance, in February 2020, Atos SE announced the acquisition of Maven Wave, a U.S.-based technology and cloud consulting organization. With this acquisition, Atos SE aims to enhance its business in cloud-solutions, machine learning, and data analytics in multi-cloud platforms.
Browse Complete Report @ https://www.blueweaveconsulting.com/global-high-performance-computing-(hpc)-market
About Blueweave Consulting:
Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off.
Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.
Contact:
+1 8666586826
Email: info@blueweaveconsulting.com
Website: https://www.blueweaveconsulting.com/
