High Performance Computing (HPC) Market and its key opportunities

Posted on 2019-10-14 by MarketsandMarkets in Technology // 0 Comments

The High Performance Computing Market to grow from $30.03 billion in 2016 and projected to reach $44.98 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.0% as per a report by MarketsandMarkets.

Why more opportunities to emerge as advent of exascale computing grow to maximize the benefits of HPC?

The arrival of exascale computing is seen as one of the biggest opportunities that will maximize the benefits of HPC. Exascale refers to computing systems that are at least 50 times faster than the most powerful supercomputers in use today. Exascale computing will provide advanced modeling and simulation solutions that will address the key challenges in scientific discovery, energy assurance, economic competitiveness, and national security. The Exasclae Computing Project is a collaborative effort of 2 US Department of Energy (DOE) organizations: the Office of Science (DOE SC) and the National Nuclear Security Administration (NNSA). With the increasing volumes of data, HPC systems are demanding both greater memory capacity and high performance bandwidth to operate efficiently. Exascale computing will address both these challenges, thereby providing huge opportunities to the HPC market to flourish.

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Key Market Players for High Performance Computing (HPC) Market

The high performance computing market includes various vendors, such as AMD (US), Atos (France), AWS (US), Cisco Systems (US), Cray (US), DDN (US), Dell (US), Fujitsu (Japan), Hitachi Vantara (US), HPE (US), Huawei (China), IBM (US), Inspur (China), Intel (US), Lenovo (US), Microsoft (US), NEC (Japan), NetApp (US), NVIDIA (US), Oracle (US), Panasas (US), Penguin Computing (US), Spectra Logic (US), Sugon (China), and Xilinx (US). These players have embraced different strategies to expand their presence and market shares.

New product launches and partnerships/collaborations are some of the significant strategies deployed by players to accomplish developments in the HPC market. Major HPC vendors, such as AMD, HPE, Intel, IBM, and Dell, have adopted these strategies to expand their product portfolios.

HPE is one of the major providers of HPC offerings. The company provides a range of HPC solutions to cater to the growing customer requirements. HPE has focused its strategic efforts on new product developments.

Dell EMC is another major provider of HPC offerings. Dell is one of the major manufacturers and providers of computer systems and services. The company also provides data center solutions that help enterprises in transforming their business. The company has partnered with other leading HPC technology and application vendors to provide solutions that cater to customers’ required workloads and needs efficiently.

The growing need for efficient computing, enhanced scalability, and reliable storage is the primary factor expected to drive the growth of the market.

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