New Report Says HPC Market to be Worth $36 Billion by 2020

February 5, 2016

PUNE, IndiaFeb. 5 — According to a new market research report, “High Performance Computing Market by Components Type (Servers, Storage, Networking Devices, & Software), Services, Deployment Type, Server Price Band, Vertical, & Region – Global Forecast to 2020”, published by MarketsandMarkets, the HPC market is estimated to grow from USD 28.08 Billion in 2015 and projected to be of USD 36.62 Billion by 2020, at a high Compound Annual Growth Rate (CAGR) of 5.45% during the forecast period.

The HPC market is growing as it interests all kinds of businesses with most common end users of these systems being researchers, scientists, engineers, educational institutes, government and military and others who rely of HPC for complex applications. However, HPC is not only limited to these verticals or departments, but is also seen gaining tractions among the enterprises.

The HPC servers by components type is expected to hold the largest market share during the forecast period. Almost half of the total HPC market revenue is contributed by servers and the trend is expected to continue during the entire forecast period. The significant rise in the usage of servers is driven by the growth of increasing complex applications, requiring large clusters to solve complex scientific and mathematical problems.

Considering the regional trends of the HPC market, North America is projected to hold the largest market size. The market in APAC is in the growth phase and is the fastest-growing region for the global data HPC market. This is mainly attributed to the growing focus of the market players to the great opportunities in the HPC market along with the increasing number of data centers and developing infrastructure in this region. On the other hand, the Latin America region is in the introductory phase in terms of adoption of HPC solutions.

There are various companies that are coming up with innovative and efficient HPC solutions and services having opportunities in this market due to the need for improved management and business operations, globally. The major players offering HPC solutions and services are AMD, Intel, SGI, Dell, Atos SE, and Fujitsu among others.

The scope of the report covers detailed information regarding the major factors influencing the growth of the High Performance Computing Market, such as drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, new product launches, partnerships, collaborations, expansions, and competitive landscape associated with the HPC market.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

Source: MarketsandMarkets

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