The High Performance Computing market will expand at a CAGR of over 6.1%. Faster product development cycles, better analytics, and the ability to simulate, model, and analyse data—all of which call for a computational infrastructure—are provided by HPC systems. Using HPC technologies, businesses may get past supercomputing obstacles and solve complicated engineering and data analysis issues.
Recent studies predict that the market for HPC Systems would rise significantly between 2021 and 2031. In the upcoming years, the market will experience significant expansion as a result of tightening government regulations on the BFSI sector and rising demand for high-frequency transactions. Additionally, it is anticipated that the expensive OPEX and Capital Expenditure (CAPEX) associated with HPC systems will constrain the market’s expansion.
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What is Driving Demand for HPC Systems Market?
The need for HPC systems is boosted by rising government requirements and a need for high-frequency transactions in the BFSI sector. The ability of HPC systems to process massive amounts of data quickly and accurately is what drives the market for HPC systems.
The processing of data is slow and inefficient in many business verticals, including banking, research, medicine, government, seismic exploration, and defence. High accuracy data processing is made possible by HPC systems. As a result, the market for HPC systems is driven by the increasing usage of HPC systems by various sectors.
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Europe Demand Outlook for HPC Systems Market
Due to technical breakthroughs in sectors like healthcare, BFSI, defence, and many others, Europe is the second-largest contributor to the market for HPC systems. The region’s leading economies include those of France, Germany, Italy, France, and the United Kingdom.
HPC systems facilitate quick and effective data management and analysis. HPC systems utilised in healthcare and BFSI research are anticipated to increase demand for HPC systems in the region of Europe.
In developed nations like France, Germany, Italy, the United Kingdom, and Spain, where the healthcare sector is heavily regulated by the government, one of the key factors in the market growth for HPC systems is this.
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.
To increase their customer base on the worldwide market, these major vendors have implemented a variety of organic and inorganic techniques. They invest millions of dollars in product research and development to meet the market demand for HPC Systems from its clients.
In addition, a lot of businesses are concentrating on launching new products to expand their product line.
As an illustration, Advanced Micro Devices, Inc. introduced EPYC CPUs and AMD Instinct accelerators for High Performance Computing (HPC) systems in June 2021. When compared to the preceding CPU, AMD EPYC processors power roughly 5 times as many systems.
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