The Global High Performance Computing Market is expected to reach a value of USD 66.99 Billion by 2028, at a CAGR of 6.20% over the forecast period…

Fast computingmicro serversor HPC systems, increased performance efficiency, and smarter deployment &management with high quality of service are some of the primary reasons driving the high performance computing market growth.

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High Performance Computer (HPC) is a way to integrate computing resources to achieve high performance capabilities while dealing with a large number of problems in science, business, or engineering. All sorts of servers and micro servers that are utilized for highly computational or data-intensive tasks are included in HPC systems. HPC is becoming increasingly significant to countries as it has been related to economic competitiveness and scientific progress. According to some studies, 97% of the companieshave implemented supercomputing platforms and claim that they will not be able to exist without them. Academic institutions and other sectors are alsoadopting HPC technology in order to develop reliable and resilient products that will allow them to maintain a competitive edge in the marketplace. Several vendors are aiming to offer high-performance convergent technology solutions. The global high performance computing market is steadily increasing and will continue to develop in the future as this trend gains major traction. Furthermore, increasing focus on hybrid HPC solutions is also one of the major aspects that create lucrative growth opportunities for the high performance computing market during the forecast period.

Organizations are increasingly focused on hybrid HPC solutions in response to the rising demand for HPC solutions and technological improvements. IT departments are constantly attempting to strike a balance between cloud and on-premises HPC options. On-premises HPC resources are being scaled out as needed by businesses. Simultaneously, Cloud Service Providers (CSPs) have begun to offer turn-key HPC solution settings geared to the specific workload requirements of businesses. The efficiency of a hybrid HPC system is improved. In addition, it addresses security and privacy concerns while simultaneously lowering maintenance costs. As a result, the growing emphasis on hybrid HPC solutions is likely to generate great growth prospects for the high performance computing market.

Read market research report, Global High Performance Computing Market is segmented By Component (Solutions (Servers, Storage, Networking Devices, and Software) and Services) By Deployment Type (On-Premise and Cloud) & By Region- Forecast and Analysis 2021-2027 by SkyQuest

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The global high performance computing market is segmented on the basis of component and deployment type. Based on the component, the high performance computing market is segmented into solutions and services. The solution segment is further segregated into servers, storage, networking devices, and software. Based on the deployment type, the high performance computing market is segmented into on-premise and cloud. Whereas, based on region, the global high performance computing market is categorized into North America, Europe, Asia-Pacific, South America, and MEA. Based on the deployment type, the cloud segment holds the most substantial share in the market. Cloud deployment is the most common in the sector, as cloud-computing technologies are widely used by companies across a variety of industries. According to the research, the cloud technology industry is predicted to rise due to its high adoption rate, while on-premise deployment methods are expected to gradually shrink.

While, in the region, the North American region is likely to hold the most substantial share in the market. The North American region is noted for its early acceptance of innovative technologies, owing to the United States and Canadas vigorous technological development. The rise in big data necessitates the adoption of new technologies and the necessity for security, resulting in the deployment of HPC systems. During the projected period, North America is expected to continue to dominate the global high performance computing market. Government investments in R&D activities at the national level are someothermajor sources driving demand in the North American region.

Advanced Micro Devices, Inc. (AMD) (US), Intel Corporation (US), HPE (US), IBM Corporation (US), Dell Technologies Inc. (US), Lenovo (China), Fujitsu Ltd. (Japan), Atos SE (US), Cisco Systems Inc. (US), NVIDIA Corporation (US), Sugon (China), AWS Inc. (US), and Dassault Systems Inc. (France) among others some of the key players operating in the market. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market.

For an instance, in June 2021, Travelport has chosen Amazon Web Services (AWS) as its preferred cloud partner, with intentions to use the tech giants portfolio to improve its operations performance and scalability. AWS will employ other technologies, such as HPC, storage, security, analytics, machine learning, and databases, in addition to cloud capabilities, to provide Travelport with a faster, easier, and more personalized trip booking experience. Hence, such activities are likely to drive the global high performance computing industry growth forward.

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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

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SkyQuest has segmented the Global High Performance Computing Market based on Component, Deployment Type, and Region:

List of Key Players of High Performance Computing Market

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The Global High Performance Computing Market is expected to reach a value of USD 66.99 Billion by 2028, at a CAGR of 6.20% over the forecast period...