The global high-performance computing market is anticipated to grow at a significant CAGR during the forecast period 2021-2027. High-performance computing or HPC is advanced training to the aggregate processing power that conveys high-performance abilities to deal with the handling of a large number of problems in science, engineering, and business fields. HPC framework includes a wide range of servers and microservers that are meant to be utilized for data-intensive and high computational tasks.
The increasing emergence of IT infrastructure with improved and advanced application features in business processes and workflows is the key factor that is anticipated to drive the growth of the global high-performance computing market during the forecast period. The rising integration of innovative technologies including machine learning (ML) and artificial intelligence (AI) with the substantially growing demand for improved analytics is expected to influence the market growth during the forecast period. Additionally, the surging government initiatives, rising need for high-frequency transactions, and increasing focus on hybrid HPC solutions are some major factors that are projected to create lucrative growth opportunities for the global high-performance computing market during the forecast period.
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Besides, the key players present in the global high-performance computing market including Oracle, Microsoft, HP, Dell, Cisco, and others adopted various strategies. Product launches, market expansion, research & developments, mergers & acquisitions, among others are some dominant strategic initiatives acquired by the players in the LTE power amplifiers market to stay competitive in the global market. For instance, in July 2020, HPE merges with the University of Edinburgh, EPCC, in Scotland. HPE provides end-to-end infrastructure, including HPE and artificial intelligence solutions, powered by HPE Superdome Flex Servers and HPE Apollo Systems. Additionally, in April 2021, NVIDIA announced the launch of their first data center CPU, an arm-based processor that is designed to deliver 10x performance of the current fastest servers on the most complex high-performance computing and artificial intelligence workloads.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered- By Component, By Deployment Type, By Application
- Regions Covered- Globally
- Competitive Landscape- IBM, Oracle, Microsoft, HP, Dell, Cisco, Hitachi Data System, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global High-Performance Computing Market by Segment
By Component
- Hardware and Architecture
- Software and System Management
- Professional Services
By Deployment Type
- Cloud
- On-Premise
By Application
- High-Performance Technical Computing
- High-Performance Business Computing
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