by High performance computing (HPC) systems offer immense computing power for solving complex problems in various industries. HPC provides supercomputing capabilities for simulation, modeling and data analysis in fields such as research, engineering and finance.
The global High Performance Computing Market is estimated to be valued at US$ 36.33 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growing adoption of artificial intelligence (AI) technologies across industries has been a key driving factor for HPC market. Various organizations are increasingly utilizing HPC infrastructure for complex data analysis and modeling required in AI applications such as machine learning and deep learning. HPC systems provide massive computing power and memory needed to process large datasets and build robust AI solutions. This has led to significant increase in demand for HPC systems from data-intensive industries undergoing digital transformation through adoption of advanced technologies.
SWOT Analysis
Strength: High Performance Computing systems can process large amounts of data at very fast speeds enabling applications like artificial intelligence, machine learning, and data analytics. They offer greater processing power compared to standard computers.
Weakness: High performance computing systems are very expensive to build and maintain. They require huge capital investments and specialized infrastructure along with complex programming skillsets to develop applications.
Opportunity: Rise in data driven applications and research areas like bioinformatics, material science, healthcare, autonomous vehicles etc are creating new opportunities for adoption of HPC systems. Cloud based HPC services are also gaining popularity.
Threats: Commoditization of computing power with advancements in consumer processors poses a threat. Budgetary constraints of research organizations are another challenge. Data security and system reliability issues can hamper adoption.
Key Takeaways
The Global High Performance Computing Market Size is expected to witness high growth. The global High Performance Computing Market is estimated to be valued at US$ 36.33 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030.
Regional analysis related content comprises the North American region currently dominates the HPC market led by the United States. Asia Pacific region is expected to grow at the fastest pace over the forecast period with increasing adoption across China, Japan and other Asian countries for research and manufacturing applications.
Key players operating in the High Performance Computing are Wienerberger, Excluton, Ter Stege Betonvormen, Kooy Baksteencentrum, Steenfabriek Spijkenisse, Normteq, Kalkzandsteenfabriek Harderwijk, Mulderij Metsel- en Timmerbedrijf, Daas Baksteen Zeddam. Major technology companies are focusing on building exascale supercomputers and developing HPC as a service solutions. Cloud providers are adding HPC capabilities to their portfolios. Server manufacturers are custom designing racks and servers for HPC centers. Software vendors are designing applications targeting HPC infrastructure.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
