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High Performance Computing Market worth 44.98 $ Billion by 2022

The report "High Performance Computing Market by Component (Solutions (Servers, Storage, Networking Devices, and Software), and Services], Deployment Type, Organization Size, Server Price Band, Application Area, and Region - Global Forecast to 2022", is expected to grow from USD 32.11 Billion in 2017 to USD 44.98 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.

Browse 69 tables and 33 figures spread through 132 pages and in-depth TOC on "High Performance Computing Market”

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An increasing need for efficient computing, enhanced scalability, and reliable storage is expected to propel the adoption of HPC solutions. HPC offerings can handle large volumes of data with ease and can extensively support higher processing power and speed for data analysis. This has further fueled the demand for these solutions among end users.

Networking devices are expected to grow at the highest CAGR.
The networking devices segment is expected to witness the highest CAGR during 2017–2022. Networking devices provide organizations with optimum networking solutions that help them overcome the issues of traditional networks that are highly static and associated with high operational overheads and manual intervention. These benefits are driving the HPC market, and they are expected to drive the market during the forecast period.

The support, maintenance and management services segment is expected to grow at a considerable CAGR during the forecast period
By service, the HPC market has been segmented into design and consulting; integration and deployment; and support, maintenance, and management. The support, maintenance and management services include support related to the implementation and use of products, provided by HPC vendors. Maintenance services facilitate upgrades to the existing systems and provide assistance for solving issues related to products. As the deployment of HPC solutions is increasing, the demand for support, maintenance, and management services is also gaining traction.

 The increasing need for efficient computing, enhanced scalability, and reliable storages is expected to drive the demand for high performance computing (HPC) across the globe. The HPC market is expected to witness significant growth, owing to the growing need for high data processing power. The global HPC market is projected to reach USD 44.98 Billion by 2022, growing at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period (2017–2022).

Major Players Contributing Growth:

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. For instance, in April 2016, HPE announced the launch of new platforms and solutions, including Apollo 6500 and Apollo 4520 systems. The new launch was designed to help customers accelerate innovations and the time-to-value with applications such as deep learning systems, HPC, and financial services. Such strategic moves are expected to strengthen HPE’s market position as a premier HPC solution provider, offering a unique, comprehensive set of capabilities.

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. For instance, in June 2017, Dell EMC and NVIDIA expanded their collaboration, which aims to include joint product development of new products and solutions that address workload, and data center requirements with GPU-accelerated solutions for HPC, data analytics, and AI.

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