DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The growing requirement to process large volumes of data with speed and accuracy has fueled the adoption of HPC solutions
The global high performance computing (HPC) market 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.
Organizations in various verticals, such as manufacturing, energy and utilities, chemicals, government and defense, and education, need to resolve complex problems and calculations. HPC solutions can handle vast volumes of data with ease and can extensively support high performance data analysis. Moreover, these solutions can provide for faster processing of data with high accuracy. These benefits offered by HPC solutions have further propelled the adoption of these solutions across industry verticals. However, concerns related to data security may affect the adoption rate of these solutions.
Organizations across various industries are facing a pressing need to deliver high-density, cost-effective, and robust servers in their data center infrastructures. Organizations require hardware that supports dynamic workloads from applications, such as Web 2.0 and cloud hosting. The HPC servers can deliver core count, increased frequency, rapid calculations, scalability, and power efficiency required for these high-end applications.
Consumers in the government and defense application area have requirements pertaining to seamless delivery and faster response times while availing services related to the government initiatives. HPC solutions can help address a wide spectrum of defense-related requirements including real-time data acquisition and analysis, emergency operations preparation, disaster modeling and analysis, simulations, surveillance, and encryption/decryption of confidential information.
North America is estimated to hold the largest market share in 2017, and the trend is likely to continue during the forecast period. Growing adoption of HPC solutions and services in SMEs and large enterprises is driving the HPC market growth in this region. Moreover, the increasing regulatory requirements have significantly driven the US HPC market.
On the other hand, the HPC market in APAC is expected to witness an exponential growth and is projected to be one of the fastest growing regions in the global HPC market. This is mainly due to the large scale adoption of cloud-based HPC solutions in these regions.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 High Performance Computing Market, By Component
7 High Performance Computing Market, By Deployment Type
8 Market By Organization Size
9 Market By Server Price Band
10 High Performance Computing Market, By Application Area
11 High Performance Computing Market, By Region
12 Competitive Landscape
13 Company Profiles
- Cisco Systems
For more information about this report visit https://www.researchandmarkets.com/research/4dmqw4/high_performance?w=4