High Performance Computing Market Driven by Emergence of Big Data

Growing complexity of businesses and increasing adoption of information technology across different industrial verticals is creating strong demand for highly efficient computers. This is creating demand for the supercomputers, which are widely used for intensive tasks across various fields of computational science. Rising demand for these systems is strongly driven by the applications they find across different industrial verticals including academics and automotive. The global high performance computing market is driven by the rising applications and constantly evolving technology in the industry. Demand from the emerging regions is also expected to play a crucial role in the overall growth of this market.

Drivers and Restrains for HPC Market

As mentioned before, the global market for high performance computing is witnessing impressive growth since past few years. This growth is majorly driven by the complexity of applications in different research activities and business processes. Applications like molecular scanning, simulation, seismic analysis, designing aircrafts, and such other complex activities require higher and more efficient performance computing systems. Growth in the big data market is also a strong driving factor for the high performance computing market. Major restraining factors for the industry include increasing costs of resources and issues related with power and cooling.

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What to Expect – Forecasts

According to the experts, the global market is expected to witness impressive growth opportunities in the next few years. These opportunities are expected to be presented by deployment of new high performance models and transition from petaflops computing. As a result, businesses in this market are expecting to witness healthy growth and exciting investment opportunities across different parts of the world. Before analyzing the financial aspects and growth prospects for the industry, researchers segment it on the basis of the types of services, verticals, deployment models, price bands and geographic regions. Following are the details of the industry segmentation:

  • Services: Storage & networking, servers, software and professional services
  • Prices: $249,000-$100,000 & below and $250,000–$500,000 & above
  • Deployment: On-premise and cloud based
  • Geography: North America, Latin America, Asia Pacific, Middle East and Africa and Europe
  • Verticals: Media, web, manufacturing, academia, government, gaming, weather, energy, BFSI, bio sciences, transportation, etc.

According to the experts, the global HPC market is expected to maintain a healthy growth rate. By 2018, the supercomputer market is expected to maintain a steady growth rate of over 6%. At the projected growth rate, the market is estimated to reach past $33.43 billion by 2018. In the year 2013, the industry was poised at $24.32 billion, which denotes a steady growth rate for this industry on global scale. During the forecasting period, North America is expected to dominate the global market. Apart from North America, emerging regions like Asia Pacific, Middle East, Africa and Latin America are also anticipated to witness healthy growth.

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