High-Performance Computing (HPC) Market is Expected to Generate Revenue of USD 65.12 Billion by 2030, Globally, at a CAGR of 7.20%: Verified Market Research®

Growing demand for high-efficiency computing across a range of industries, including finance, medical, research, government, and defense, as well as geological exploration and analysis, is a significant growth driver for the HPC market.

JERSEY CITY, NJ, October 17, 2022 /PRNewswire/ — Verified Market Research recently released a report, “High performance computing (HPC) market” By component (solutions, services), by deployment type (on-premises, cloud), by server price bracket ($250000–500,000 and more, $250000–100,000 and under), by application area (government and defense, education and research) and by geography.

According to the extensive research done by the experts at Verified Market Research, the High Performance Computing (HPC) market size was valued at $34.85 billion in 2021 and is expected to reach $65.12 billion by 2030, growing at a CAGR of 7.20% from 2023 to 2030.

Download the PDF brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=6826

Browse the table of contents in depth on “High Performance Computing (HPC) Market”

202 – Pages
126 – Tables
37 – Numbers

Global High Performance Computing (HPC) Market Overview

High-performance computing is the use of parallel processing to efficiently, consistently, and quickly operate large software programs. High Performance Computing is a technique that uses a massive amount of computing power to deliver high-performance capabilities to solve various problems in engineering, business, and research. HPC systems refer to all types of servers and micro-servers used for computer-intensive or data-intensive applications. High-performance computer systems are those that can perform 1012 floating point operations per second, or one teraflop, on a computer.

One of the major factors influencing the growth of the high performance computing (HPC) market is the ability of HPC solutions to quickly and accurately process huge volumes of data. The growing demand for high-performance computing in a range of industries, including finance, medicine, research, exploration and study of the earth’s crust, government and defense, is one of the main high performance computing (HPC) growth factors. market.

The growing need for high precision and fast data processing in various industries is one of the major drivers of the High Performance Computing (HPC) market. The market will also grow exponentially over the forecasted period owing to the growing popularity of cloud computing and government-led digitization initiatives.

The use of HPC in cloud computing is driving the global high performance computing (HPC) market. Using cloud computing platforms has a number of advantages, including scalability, flexibility, and availability. Cloud HPC offers a number of advantages, including low maintenance costs, adaptability and economies of scale.

Additionally, HPC in the cloud gives companies that are new to high-end computing the opportunity to form a larger community, allowing them to benefit from cheap operating expenses (OPEX) and overcome the challenges of IT. power and cooling. As a result, the increasing use of HPC in the cloud is predicted to significantly influence the high performance computing (HPC) market.

Key developments

Partnerships, collaborations and agreements

  • On November 2020Intel has worked with HPE, an American multinational information technology company, and Argonne, a national science and engineering research laboratory operated by UChicago Argonne for the US Department of Energy.

Mergers and Acquisitions

  • On July 2021Hewlett Packard Enterprise expands the HPE GreenLake Edge-to-Cloud Platform with the acquisition of Zerto, a leader in cloud data management and protection.

Product launches and product extensions

  • On April 2021NVIDIA has launched the first data center processor, an Arm-based processor that delivers 10 times the performance of today’s fastest servers on the most complex AI and HPC workloads.

Key players

The main market players are Advanced Micro Devices Inc., Hewlett Packard Enterprise, Intel Corporation, International Business Machines (IBM) Corporation, NEC Corporation, Sugon Information Industry Co. Ltd, Fujistu Ltd, Microsoft Corporation, Dell Technologies Inc., Dassault Systemes SE, Lenovo Group Ltd, Amazon Web Series and NVIDIA Corporation.

Verified Market Research has segmented the global high-performance computing (HPC) market on the basis of component, deployment type, server price range, application area, and geography.

  • High Performance Computing (HPC) Market, By Component
  • High Performance Computing (HPC) Market, By Type of Deployment
  • High Performance Computing (HPC) Market, By Server Price Band
    • $250000–500,000 and more
    • $250,000–100,000 and less
  • High Performance Computing (HPC) Market, By Application Area
    • Government & Defense
    • Education & Research
    • Banking, Financial Services and Insurance (BFSI)
    • Media and entertainment
    • Health & Biosciences
    • Energy and Utilities
    • Games
    • Others
  • High Performance Computing (HPC) Market, By Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

Browse related reports:

Enterprise Quantum Computing Market By Component (Hardware, Software, Services), By Application (Data Optimization, Simulation & Modeling, Cybersecurity), By Geography and Forecast

Cognitive Computing for Healthcare Market by Technology (Natural Language Processing, Machine Learning), By End Use (Hospitals, Pharmaceuticals), By Geography and Forecast

Cognitive Computing Market By Component (Natural Language Processing, Machine Learning, Automated Reasoning), By Deployment Model (On-Premise, Cloud), By Geography, and Forecast

Cloud Computing in Retail Banking Market by Product (Public Clouds, Private Clouds), by Application (Personal, Family, Small & Medium Business)

Top 10 Edge Computing Companies Helping Industries Become 100% Autonomous

Visualize the High Performance Computing (HPC) Market Using Verified Market Intelligence -:

Verified market intelligence is our BI-enabled platform for storytelling in this market. VMI offers in-depth forecast trends and accurate insights on over 20,000 emerging and niche markets, helping you make critical revenue-impacting decisions for a bright future.

VMI provides a comprehensive overview and global competitive landscape with respect to region, country, segment and key players in your market. Present your market report and results with an integrated presentation function that saves you more than 70% of your time and resources for presentations to investors, sales and marketing, R&D and product development. products. VMI enables data delivery in Excel and interactive PDF formats with over 15 key market indicators for your market.

About Us

Verified Market Research is a leading global research and advisory firm serving over 5,000 clients. Verified Market Research provides advanced analytical research solutions while offering information-enriched research studies. We provide insight into strategic and growth analytics, the data needed to achieve business goals, and critical revenue decisions.

Our 250 analysts and SMEs offer a high level of expertise in data collection and governance use industry techniques to collect and analyze data on more than 15,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study over 14 categories across Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, automotive and transportation, information and communication technology, software and services, information security, mining, minerals and metals, construction. & construction, agricultural industry and medical devices from more than 100 countries.

Contact us

Mr. Edwyne Fernandes
Verified Market Research®
USA: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US toll free: +1 (800)-782-1768
E-mail: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg

SOURCE Verified Market Research

Sherry J. Basler