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Rise in Demand for High Computing Across Various Domains to Boost High Performance Computing Market - Expected to Grow with a CAGR 6.3% from 2022 to 2028

As stated in our extensive report; providing insights on Key Drivers, Key Restraints, Segments (i.e., Component, Computation Type, Deployment, Organization Size, Server Price Band, Vertical and Region); the Global High Performance Computing Market accounted for USD 34.9 Billion in the year 2021.

 

“Key Factors Likely to Drive Growth of High Performance Computing Market”

The developing need for high-geared computing, the persisting assortment, and enlargement of the IT industry, advances in virtualization, and the growing choice for hybrid High Performance Computing (HPC) solutions are the key elements of the market's growth. The potential of HPC structures to system huge volumes of data at better speeds is prompting government agencies, protection agencies, educational institutions, electricity companies, and utilities to undertake HPC structures, which additionally bodes nicely for the boom of the HPC market. The COVID-19 pandemic is already ushering in a bunch of demanding situations in numerous sectors.

High Performance Computing (HPC) systems have increased the speed, accuracy, and reliability of genomic research by efficiently analyzing a large amount of sequencing data. The advent of Next-Generation Sequencing (NGS) technologies has allowed the investigation of multiple areas of human health through different omits techniques.

The latent customers in many SMEs need cognizance of the power of HPC and do not have the budget for the installation of such systems. SMEs in many developing locations are still doubtful about adopting HPC because of the lavish funding prices involved. Many of them are blind to HPC’s diverse advantages, which include lavish overall performance and customizable delivery. Additionally, cloud computing can enhance the use of HPC among SMEs due to its ability to substantially reduce their prices for them.

North America holds the largest market share due to the need to implement the latest technologies, which in turn is encouraging the adoption of High Performance Computing (HPC) systems. Due to a high-performance leading market, China is expected to hold the highest share during the forecast period.

Some of the key players in the Global High Performance Computing Market include- Advanced Micro Devices (US), Intel (US), HPE (US), IBM (US), Dell (US), Lenovo (China), Fujitsu (Japan), Atos (France), CISCO (US), Nvidia (Japan), NEC Corporation (Japan) and others.