The global high performance computing market is poised for steady growth on account of exponential increase in volume of data generated. Valuable market insights have been shared by Fortune Business Insights in its report, titled “High Performance Computing Market Size, Share and Global Trend By Data Type (Structured, Unstructured, Semi-structured), By Component (Software, Hardware, Services), By Industry Vertical (Healthcare, IT and Telecom, Retail and consumer goods, Media and entertainment), By Deployment (On Premise, On Cloud), and Geography Forecast till 2026”. The report provides an in-depth market analysis of market trends and factors that will play a key role in shaping it in the forecast period. High performance computing or cluster computing refers to an aggregation or collection of computing powers of several individual computers to perform tasks that a single computer does not have the capacity to perform. These individual computers are interconnected to form a cluster to work as a single unit. Complex problems are fed into their network, which they then work together to process and resolve.
Browse Complete Report at https://www.fortunebusinessinsights.com/industry-reports/High Performance Computing-market-100636
Top Players Overview:
- Lenovo Group Ltd.
- SAS Institute Inc.
- Intel Corporation
- IBM Corporation
- Teradata Corporation
- Cisco Systems
- Hewlett Packard Enterprise
- Oracle Corporation
- Red Hat Inc.
- Dell Inc.
- Huawei Technologies Co. Ltd.
- Microsoft Corporation.
Rising IoT Application to Fuel Market Growth
The global high performance computing market is expected to grow at a considerable rate with the rise in IoT adoption across various industries and sectors. IoT enables interconnecting different devices without the need for human intervention. IoT is gaining popularity in industries as well as households and high performance computing will be required to process the information generated by it. IoT will also enable access to real-time information to make decision-making more informed and efficient.
High performance computing can also lead to better management practices and amplify the reach of global franchises. For example, using high performance computing techniques, Wal-Mart has been able to manage and operate its stores not just in the US, but all over the world. The global high performance computing market stands to benefit as well-known companies and conglomerates utilize the technology to expand and strengthen their businesses.
High Costs May Hinder Market Growth
High performance computing is an expensive technology to avail as the individual hardware components have to be of high quality and reliable to function cohesively as a unit. Moreover, the entire setup depends on the cluster head. Therefore, if the cluster head crashes, the whole system crashes. Lastly, cluster computing requires vast amounts of hardware such as CPUs and screens. Monitoring and maintaining, therefore, will require additional infrastructure, swelling the costs consequently. These factors can hamper the growth of the global high performance computing market.
Collaborations Between Leading Players Intensifies Market Competition
The global high performance computing market is expected to experience intense competition during the forecast period. Major market players are making concerted efforts to gain a competitive edge. This is primarily being achieved through collaborations and launching of innovative products and services. For example, in May 2019, Vodafone Idea signed a multi-million-dollar agreement with IBM for a hybrid cloud-based digital platform to enhance the user experience of its 387 million subscribers in India. Similarly, in 2017, Adobe joined hands with Microsoft to connect their Experience Cloud with Microsoft’s Azure. This will enable Adobe to offer its customers with a deeper and engaging experiences, managed through a globally scalable cloud-based platform. Innovations resulting from such collaborations will accelerate the growth rate of the global high performance computing market.
Some of the key players identified by Fortune Business Insights include Cisco Systems, Hewlett-Packard Enterprise, Intel Corporation, Huawei Technologies, Microsoft, Dell, Inc., IBM Corporation, Lenovo Group Ltd., and a few others.
North America to Occupy a Leading Market Position
Among regions, North America is expected to hold a dominant market share. This is owing to rapid adoption rates of IoT across various industries and presence of several major players in the region. The global high performance computing market is set to witness rapid expansion on account of growing installation of high performance computing systems in industries in Asia-Pacific. China is to expected to significantly increase its HPC centres in Asia-Pacific, augmenting the market growth. Overall, the global high performance is to experience robust growth, with IoT alone expected to generate a market revenue of more than US$ 200 Bn by 2020.
View Related Reports:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]