Research and Markets: The Global High Performance Computing Market to Grow at a CAGR of 7.17 Percent over the Period 2011-2015

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cc2qfk/global_high) has announced the addition of the "Global High Performance Computing Market 2011-2015" report to their offering.

One of the key factors contributing to this market growth is the increasing demand for supercomputers. The Global High Performance Computing market has also been witnessing the emergence of big data. However, the high cost of implementation could pose a challenge to the growth of this market.

The key vendors dominating this market space are Hewlett-Packard Co., Dell Inc., and IBM Corp.

The other vendors mentioned in the report are Fujitsu Ltd., Cray Inc., Silicon Graphics International Corp., Hitachi Ltd., Appro Inc., Altair Inc., and NEC Corp.

Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: ''The emergence of big data provides growth opportunities for high performance computing (HPC) vendors in the market. The trend of using big data solutions in large data centers is growing. Big data solutions are products and services that are utilized to handle extremely massive volumes of information stored inside enterprise systems. In the current business environment, every organization, irrespective of its size, stores a considerably large amount of data. The importance of a big data solution increases with the growth of the business. It helps organizations record the growth of their business over a specific period, which indicates the speed at which the business is developing. It also helps organizations analyze this stored data for future reference. Some of the areas where big data is applied are enterprise analytics, real-time analytics, data mining, research analytics, complex event processing, visualization, and research analytics.''

According to the report, one of the major drivers is the increasing demand for supercomputers. The need to enhance the performance of computers for scientific and other high-computing applications is acting as a major growth factor for the Global HPC market. The sales of the supercomputers, priced at a range of US$400,000-US$500,000, are growing at a fast rate year-over-year.

Further, the report reveals that the high cost of implementation is one of the major challenges confronting this market.

For more information visit http://www.researchandmarkets.com/research/cc2qfk/global_high