High Performance Computing Market, By Component (Software, Network Devices) By Deployment (Cloud, On-Premise) By Vertical (Retail, Manufacturing) - Forecast 2022
Pune, India -- (SBWIRE) -- 01/15/2018 -- Market Overview
The global high performance computing (HPC) market is expanding rapidly. Its fast growth may be credited to the demand for innovations, competitiveness across financial sectors, and advancements in manufacturing. Novel product & service developments across multiple domains have also led to the rapid expansion of HPC Market. HPC procedures are mainly adopted in aerospace & defense applications.
High performance computing executes a major role in simulation & training, defense, on-board navigation systems, communications, surveillance, etc. The HPC industry has shown considerable growth from wider HPC adoption across data centers, aided by regulatory bodies. HPC assists in the efficient solution of issues regarding complicated & recurring activities as against standalone computers.
Cloud-based initiatives have motivated SMEs to participate in the market, as they assisted them in reducing the initial hardware implementation & infrastructural costs. HPC applications have been employed in the 'scientific modeling' of various processes and events. Their adoption across scientific computing for the delivery of cost-effective and flexible services is anticipated to positively influence the worldwide industry.
Demand for commercial web applications should also propel HPC adoption globally. Furthermore; big data convergence, cloud computing, & new embedded product innovations can boost market sales during 2017 to 2022 (forecast period). High-tech 'non-volatile' memory & hot water cooling developments are some of the other industry drivers.
More emphasis on competitiveness & safety has urged governments to assist companies in HPC adoption. Pricing is a key factor that determines the potential of HPC market. High costs of computer resources coupled with the demand for advanced cooling & power equipment are estimated to hinder the growth of HPCs. The high performance computing market would attain a size of around USD 34 billion by 2022. It could register a CAGR of about 5 percent from 2016 and 2022.
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Different segments into which the HPC market is fragmented; include components, applications, deployments, and regions. Components encompass hardware & architecture, software, servers, software & system management, networking devices, and storage. Applications comprise government & defense, life sciences, weather, retails, energy, healthcare, transportation, and gaming. The deployments are on-premise and cloud. Regions of the global high performance computing market include Europe, North America, Asia Pacific, and Rest of the World.
As of now, North America dominates the worldwide industry. Regional early technological adoption & innovations have pushed the sales of North America. Europe follows North America owing to its large & small-scale companies that have invested huge money in HPC. Asia Pacific is likely to undergo the fastest expansion and capture the largest shares by the end of 2022.
Targeted Market Audiences and Recent Trends
Few of the many targeted audiences in the high performance computing market are technology suppliers, Original Equipment Manufacturers (OEMs), telecom workers, HPC consumers, fiscal investors, and research companies. Greater HPC adoption across these audiences should result in added demand for HPC.
Around two decades ago, HPC was not incorporated in life-sciences. Today, it is adopted across biomedical research and life-sciences. Some time back, a special life-sciences computer, 'Anton' was made by the 'DE Shaw Research and the Pittsburgh Supercomputing Center.' Its main aim is to simulate the human body. The 'Vice President' of the said firm has predicted that if done the right way, human life & health-span could both increase.
On another note, Artificial Intelligence (A.I.) and machine learning continued to spread their traction last year (2017). Web applications across ad-serving, searching, image recognition, and language translation have gotten better with time. In weather modeling, diagnostic medicine, and astrophysics simulations also; HPC saw its adoption.
Simultaneously, traditional supercomputing portals are being employed for various research & developments in machine-learning. Being one of the most appealing computing developments of 2017, an A.I. product, 'Libratus' trained on its own and defeated 4 of the finest professionals around the globe. With more powerful G.P.U.s being introduced in supercomputers, many other advanced machine learning researches are expected to be conducted on these machines.
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Other firms offering services across the worldwide HPC industry are focused on the development of solutions for maintaining stability, convergence, & accuracy. Indulging in these activities have assisted the players in gaining an edge over their contenders. Some of the esteemed participants investing in the worldwide high performance computing market encompass Intel, IBM, Cisco, Bull, and Oracle.
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