Businesses are becoming complex with involvement of high-tech solutions and tools. Growing complexity of applications also requires high performing computers (HPC) or supercomputers. Increase of activities like aircraft manufacturing, genomic analysis, seismic study, and such other complex process is driving the global high performance computing market. Excellent ability to perform complex functionalities in less time is behind the strong rise in demand for these products. Developments of different industrial verticals and adoption of advanced technology in emerging regions are also significant contributors for the industry.
Segmentation and Drivers for HPC Market
The high performance computing market is segmented on the basis of the types of components and services, deployment models, pricing, industrial verticals, and regional demand. Storage, software, networking services, and professional services are the basic components of the market. These services are deployed across on-premise as well as cloud-based services. Based on price brands, the HPC market is segmented into two divisions, namely, $249,000–100,000 and less and $250,000–$500,000 and more. Business verticals with maximum deployment of these services ranges across web, entertainment and media, manufacturing, academia, government and defense, transportation, logistics, BFSI, gaming, chemicals, weather, oil and gas, energy, natural resources, and other industries.
Market Trends and Forecasting Reports
As per the latest market research reports, high performance computing market is estimated to maintain steady CAGR (6.6%) from 2013 to 2018. At the estimated CAGR, the industry is projected to rise from $24.32 billion in 2013 and reach on to become worth more than $33.43 billion by the end of 2018. The on-premise services are currently dominating the deployment segment. Increased efficiency and productivity with the use of supercomputers is driving the research and development activities as well as rate of adoption in the industry. Rapid adoption and advancing technology is driving the global market at comfortable compound annual growth rate. Developing regions like Asia Pacific are also expected to witness impressive growth during the forecasting period.
In terms of geographic demand, the global market is expected to be dominated by North America. Stability in the market, healthy rate of adoption, and frequently evolving technology in supercomputers is helping the North American countries to stay in the lead during the forecasting period. Investments from key players and expansion plans to invest in the emerging regions like Asia Pacific, Latin America and Middle East are helping the potential companies to gain space and acknowledgement on global scale.