The High Performance Computing (HPC) systems market would grow by more than 6.1% CAGR. HPC systems provides faster product development cycles, improved analytics, and facilitates the simulating, modeling, and analyzes the data which demands a computing infrastructure.
HPC solutions helps organizations to find solutions to data analysis problems and complex engineering and also overcome the supercomputing barriers.
According to latest research, HPC Systems market is set to witness significant growth during 2021-2031.
The market will show significant growth in coming years, owing to increasing government regulations in BFSI industry and increasing demand for high-frequency transactions.
Moreover, high OPEX and Capital Expenditure (CAPEX) involved with HPC system is expected to restraints the growth of the HPC systems market.
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What is Driving Demand for HPC Systems Market?
Increasing government regulations and demand for high-frequency transactions in BFSI industry augments the demand for the HPC systems market. HPC systems are able to process large amount of data with accuracy and speed which fuels the demand for the HPC systems market.
Many of industry verticals like finance, research, medical, government, seismic exploration, and defense faces issues such as slow and inefficient data processing.
HPC systems enables faster processing of data along with high accuracy. Thus rising adoption of HPC systems by many industries propels the demand for the HPC systems market.
Rising Adoption of HPC Systems in Healthcare Industry is Driving the Adoption of HPC Systems Market
The increasing adoption of HPC systems in healthcare industry is expected to propel the demand for the HPC systems market in coming years. It used in medical applications such as Magnetic Resonance Imaging (MRI) scanning and Computed Tomography (CT) requires accurate and helps to get quick results to process the complex algorithms.
HPC systems reduces computing time and process the MRI and CT data quickly with more accuracy. HPC systems in life sciences and healthcare is been used for data management, simulation, next generation sequencing, modeling, and many more applications. This is expected to boosts the demand for the HPC systems market.
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North America HPC Systems Market Outlook
North America is anticipated to constitute a highest growth in the HPC systems market over the forecasted period.
The North America shows significant growth in HPC systems market owing to factors such as presence of well-established suppliers, end-user industries which adapts advanced technologies to improve work efficiency and productivity of business, and presence of large telecom giants.
North America has massive presence of HPC systems providers such as Boeing, Intel, and IBM. Presence of such key HPC Systems providers duels the demand for the HPC Systems market in North America region.
Presence of such key players in the market helps in development and implementation of new advanced technologies. Thus it is expected to propel the demand for the HPC systems market in North America region.
Europe Demand Outlook for HPC Systems Market
Europe is the second largest contributor to HPC systems market, owing to technological advancements in the industries such as healthcare, BFSI, defence, and many more. France, Germany, Italy, France, and U.K. are the dominating economies in Europe region.
HPC systems helps to analyze and manage the data in rapid manner and in efficient way.
HPC systems used in discoveries and research of healthcare, BFSI sector is expected to augment the demand for the HPC systems market in Europe region.
The stringent government regulations about healthcare industry in major economies such as France, Germany, Italy, United Kingdom, Spain has been one of the major driving factor for the growth of the HPC systems market.
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Who are the Major Vendors of HPC Systems Market?
- Advanced Micro Devices Inc.
- Hewlett Packard Enterprise
- Intel Corporation
- IBM
- NEC Corporation
- Sugon Information Industry Co. Ltd
- Fujistu Ltd
- Microsoft Corporation
- Dell Technologies Inc.
- Dassault Systemes SE
- Lenovo Group Ltd
- Amazon Web Series
- NVIDIA Corporation among others.
These key vendors have adopted various organic/inorganic strategies, to increase customer base at global market. They spends millions of dollars into product research and development to carry off the needs of their customers for HPC Systems market.
Furthermore, many companies are focusing on introducing new product to enhance their product offering.
For instance, In June 2021, Advanced Micro Devices, Inc. launched EPYC processors and AMD Instinct accelerators across the High Performance Computing (HPC) systems. AMD EPYC processors power nearly 5x more systems compared to previous processor.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments
By Components:
- Solutions
- Servers
- Storage
- Networking Devices
- Software
- Services
- Design and Consulting
- Integration and Deployment
- Support and Maintenance, and Management
- By deployment type
- Cloud
- On-premises
- Organization size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
- Server price band
- USD 250,000 to 500,000 and Above
- USD 250,000 to 100,000 and Below
- Application Areas
- Government and Defense
- BFSI
- Education and Research
- Manufacturing
- Media and entertainment
- Healthcare and Life Sciences
- Energy and Utilities
- Earth Sciences
- Others
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Benelux
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Pacific
- India
- Malaysia
- Indonesia
- Singapore
- Australia & New Zealand
- Rest of South Asia & Pacific
- Middle East & Africa
- GCC Countries
- Turkey
- South Africa
- North Africa
- Rest of Middle East & Africa
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