The report "High Performance Computing (HPC) Market by Component (Solutions (Servers, Storage, Networking Devices, and Software) and Services), Deployment Type, Organization Size, Server Prices Band, Application Area, and Region - Global Forecast to 2025", size is expected to grow from USD 37.8 billion in 2020 to USD 49.4 billion by 2025, at a CAGR of 5.5% during the forecast period. The adoption of HPC is gaining traction, as enterprises across industry verticals are focusing on scaling up their complex applications. HPC enables scientists and engineers to solve complex, compute-intensive problems. Some of the benefits of HPC are high network performance, fast storage, large amounts of memory, and high compute capabilities. HPC also enables organizations to develop new, innovative products and services to maintain a competitive edge in the market. The main factor driving the growth of the HPC market is the ability of HPC solutions to process large volumes of data with speed and accuracy. The industry verticals where applications are encountering slow and inefficient data processing issues include finance, medical, research, seismic exploration, and government and defense. The quick-paced nature of the financial market makes vitality crucial so that the derivative valuations are processed faster and more accurately. In the medical field, applications such as Computed Tomography (CT) scanning and Magnetic Resonance Imaging (MRI) require quick, accurate results from the processing of complex algorithms.
Browse 163 market data Tables and 54 Figures spread through 198 Pages and in-depth TOC on "High Performance Computing (HPC) Market by Component (Solutions (Servers, Storage, Networking Devices, and Software) and Services), Deployment Type, Organization Size, Server Prices Band, Application Area, and Region - Global Forecast to 2025"
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The server solution segment to hold a larger market size during the forecast period
The components is subsegmented as Solutions as services.The solutions segment further subsegmented as server, storage, networking devices, software. The server solution segment is projected to contribute majorly to the HPC market among the solutions. This growth these segments are supported by enterprises are transforming to the digital world and cloud adoptions by enterprises from verticals across the world.
SMEs segment to grow with higher market size during the forecast period
The Small and Medium size enterprises (SMEs) segment is expected to grow with a higher rate contributing to the market. This growth of SMEs is supported by the implementation of the HPC solution, along with services, is expected to result in better risk mitigation, reduced administrative overhead, reduced cost of compliance, favorable business outcomes, and improved business efficiency for SMEs.
North America to hold the largest market size during the forecast period
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.
Market players profiled in this report include AMD (US), Intel (US), HPE (US), IBM (US), Dell (US), Lenovo (China), Fujitsu (Japan), Atos (US), Cisco (US), NVIDIA (US), Sugon (China), AWS (US), and Dassault Systems (France). In the HPC market, there are different types of HPC solutions such as server, storage, networking devices, and software and services. A strong customer base and the finest product offerings in the HPC market have led to the large revenue share of these vendors.
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