The high-performance computing market is on a rapid rise, with a projected impressive annual growth rate of 7.5% between 2023 and 2033. By the end of this period, it is expected to reach an astonishing US$ 107.48 billion, reflecting its remarkable expansion and importance in various industries.
Demand would expand with the IT sector’s ongoing expansion and diversification. Hybrid high-performance computing devices would become popular. It would help to open up new business prospects.
High-performance computing solutions will be used by the government, military, and utility industries. They can process enormous amounts of data in academic settings.
Increasing usage of technology in federal tasks will propel the need for high-performance computing. It will be also utilized in tasks that call for complex problem-solving.
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It is a field with considerable investment and strong demand. Future funding and recognition for it would be greater than before. Its usage would surge in commercial, business, and governmental applications in 2032.
High cloud computing use will hasten expansion. Governmental digitalization measures would further increase revenues.
The government of the United Arab Emirates began putting digital transformation objectives into practice. Several of these are referred to as Smart Dubai and Smart Abu Dhabi.
These activities would increase the demand for high-performance computing. They would also promote the use of cloud computing.
Due to the pandemic, a new method of working from home was introduced globally. This system has benefited from the high-performance computing industry. Several processor power restrictions have been addressed.
There are growing opportunities for high-performance computing in USA-based industries. It allowed companies and sectors to rethink their products and services. But, to use thousands of servers, a significant capital investment is required. It costs money to attach devices to a single platform and handle enormous amounts of data.
Such complicated systems need large operating expenditures (OPEX) to maintain their functionality. That might reduce the HPC market share globally. The system has a significant setup and maintenance cost.
Key Takeaways from High-Performance Computing Market Report:
- By 2032, the USA high-performance computing market is anticipated to reach US$ 19.4 billion.
- In the anticipated time frame, the hardware component segment will expand at a CAGR of 4.3%.
- By end use, the life sciences and healthcare category would exhibit a CAGR of 4.2% from 2022 to 2032.
- The high-performance computing market share expanded at a CAGR of 5.2% between 2017 and 2021.
- China high-performance computing market size is set to reach US$ 5.3 billion by 2032.
Major Key Players:
- Hewlett Packard Enterprise Development LP
- Dell Inc.
- Atos SE
- Advanced Micro Devices, Inc
- Microsoft
- Amazon Web Services, Inc.
- Cisco Systems, Inc.
- Fujitsu
- Intel Corporation
- IBM
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High-Performance Computing Market Segmentation:
By Component:
- Servers
- Storage
- Networking Devices
- Software
- Services
- Cloud
- Others
By Deployment:
- On-premise
- Cloud
By End-use:
- Banking, Financial Services, and Insurance (BFSI)
- Gaming
- Media & Entertainment
- Retail
- Transportation
- Government & Defense
- Education & Research
- Manufacturing
- Healthcare & Bioscience
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
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