Princeton, NJ -- (SBWIRE) -- 06/22/2018 -- The High Performance Computing market is estimated to grow from USD 28.08 Billion in 2015 and projected to be of USD 36.62 Billion by 2020, at a high Compound Annual Growth Rate (CAGR) of 5.45% during the forecast period. The scalability of applications, higher processing power, and faster storage solutions is driving the growth of the market. The growth in supercomputing clusters and scaling of complex applications across various industries have paved the way for the adoption of HPC.

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The report provides detailed insights into the global high performance computing, which is segmented by components type, service, deployment type, vertical, and region. The supercomputer server market is expected to register a significant growth and highest market share among components. The high performance computing servers are used for scientific advances, and are also emerging in industrial innovations and economic competitiveness. Due to this, there has been an increasing investment on high performance computing technology across the world.
The high performance computing market by deployment type includes on-premises and cloud deployment. The market is no longer limited to the on-premises deployment type as on-demand is also gaining traction and is estimated to portray great opportunities in the next five years.

The high performance computing market is thriving, and in the next five years it will present huge potential opportunity in the high speed server solutions and services segment. The report provides detailed insights into the global market. The market has been segmented into diverse industry verticals, namely, Industrial Manufacturing, Life Sciences, Energy, Chemical, Government & Defense, Academic Institutions, BFSI, Media, Gaming, Transportation & Logistics, Retail, Earth Science, and others.

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The report covers all the major aspects of the high performance computing market and provides an in-depth analysis across the regions of North America, Europe, APAC, MEA, and Latin America. North America is expected to hold the largest market share, whereas the APAC region is projected to have great opportunities in this market, growing at the highest CAGR by 2020, due to the developing infrastructure and increasing number of data centers in this region.

Though the initial investment involved is huge in high performance computing technology, the benefits of this technology are numerous. Therefore, high performance computing is not just expected to strengthen its footprints in scientific, research and businesses, but also in enterprises. There are great opportunities in this space due to emerging cloud-based services and new era of exascale computing; hence various companies are coming up with innovative high performance computing solutions and services. The major vendors providing high performance computing solutions and services are AMD, Intel, SGI, Dell, Atos SE, and Fujitsu among others.

These players adopted various strategies such as new product launch, partnership, collaboration, acquisitions and expansions to become competitive in the high performance computing market.

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