High Performance Computing Market To Witness Steady Growth By 2024

Global High-Performance Computing Market: Overview

High-performance computing technology is the use of advanced processes in order to increase the performance and efficiency of the desktop workstation or computer for solving the problems related to engineering, science, and business in comparison to the conventional computing technologies. The high-performance computers have more than one processor with different nodes that range in size from 16 to 64 nodes. High-performance computers have a number of processors working together to solve a single problem, hence its efficiency is excellent. The high-performance computing technology is used for a number of applications in the various areas such as quantum mechanics, weather forecasting, physical simulations, molecular modeling, government and defense, transportation, businesses, research, and others.

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Global High-Performance Computing Market: Growth Factors

The rising demand for the improved businesses and management processes boost the development of the high-performance computing services and solutions which in turn boost the global high-performance computing market. The increasing number of data centers and developed infrastructure fuels the growth of the global market. The escalating usage of the cloud computing among the masses in order to solve the problems related to mathematics or logistics is expected to trigger the global market growth. The global high-performance computing market is growing due to its application in the various businesses, government and military, researchers, scientists, educational institutes, engineers, media, transportation, chemical, and others.

Global High-Performance Computing Market: Segmentation

The global high-performance computing market is bifurcated based on service, component type, deployment type, server price band, verticals, and region. The service segment is divided into integration and deployment, consulting and design, and training and outsourcing. The component type segment is categorized into storage, networking devices, servers, and software. The deployment type segment is classified into cloud and on-premises. The server price band segment is bifurcated into USD 249,999–100,000 and below and USD 250,000–500,000 and above. The verticals segment is grouped into media; gaming; retail; earth science; transportation and logistics; government and defense; life science; industrial manufacturing; energy; chemical; academic institutions; and banking, financial services, and insurances. The regional segmentation includes Asia-Pacific, Europe, North America, the Middle East and Africa, and Latin America.

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Global High-Performance Computing Market: Regional Analysis

North America is expected to dominate the global high-performance computing market. The Asia-Pacific market is also growing at a faster rate due to the increasing number of data centers and infrastructure development in the region. The high-performance computing products are at the introductory phase in Latin American region.

Global High-Performance Computing Market: Competitive Players

The major players in the global high-performance computing market include AMD, SGI, Fujitsu, Atos SE, Dell, Cray, Intel Corporation, Cisco Systems, Intel Corporation, and others. The players implement a number of strategies such as agreements, collaborations, partnerships, and new product launch in order to obtain a standard position in the global market.

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