High Performance Computing Market expected to reach $ 44.98 Billion by 2022

(I-SoftwareNews.Com, May 16, 2019 ) According to a new market research report "High Performance Computing Market by Component (Solutions (Servers, Storage, Networking Devices, and Software), and Services], Deployment Type, Organization Size, Server Price Band, Application Area, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the High Performance Computing Market expected to grow from USD 32.11 Billion in 2017 to USD 44.98 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.

An increasing need for efficient computing, enhanced scalability, and reliable storage is expected to propel the adoption of HPC solutions.

HPC offerings can handle large volumes of data with ease and can extensively support higher processing power and speed for data analysis. This has further fueled the demand for these solutions among end users.

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Networking devices are expected to grow at the highest CAGR.

The networking devices segment is expected to witness the highest CAGR during 2017–2022. Networking devices provide organizations with optimum networking solutions that help them overcome the issues of traditional networks that are highly static and associated with high operational overheads and manual intervention. These benefits are driving the HPC market, and they are expected to drive the market during the forecast period.

The support, maintenance and management services segment is expected to grow at a considerable CAGR during the forecast period

By service, the HPC market has been segmented into design and consulting; integration and deployment; and support, maintenance, and management. The support, maintenance and management services include support related to the implementation and use of products, provided by HPC vendors. Maintenance services facilitate upgrades to the existing systems and provide assistance for solving issues related to products. As the deployment of HPC solutions is increasing, the demand for support, maintenance, and management services is also gaining traction.

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period

By organization size, the HPC market has been segmented into SMEs and large enterprises. Desktop computers are inefficient in fulfilling the computational and storage demand for high-end applications in SMEs. SMEs responded to this by increasingly adopting solutions that cater to such high-computational demand. They are also increasingly adopting cloud-based HPC solutions, which offer the flexibility to scale a company’s IT infrastructure as per its requirements. This trend is expected to continue among SMEs during the forecast period.

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North America is expected to dominate the HPC market during the forecast period

On the basis of regions, the global HPC market is segmented into North America, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is estimated to have the largest market size in 2017, owing to the presence of a large number of vendors and rapid adoption of HPC solutions in this region. The market in APAC is expected to grow at the highest CAGR during the forecast period. The primary driving forces for this growth are the increasing awareness and adoption of effective and scalable solutions in this region.

The report also includes different growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to increase their shares in the market. Some of the major technology vendors in the HPC market include AMD (US), Atos (France), AWS (US), Cisco Systems (US), Cray (US), DDN (US), Dell (US), Fujitsu (Japan), Hitachi Vantara (US), HPE (US), Huawei (China), IBM (US), Inspur (China), Intel (US), Lenovo (US), Microsoft (US), NEC (Japan), NetApp (US), NVIDIA (US), Oracle (US), Panasas (US), Penguin Computing (US), Spectra Logic (US), Sugon (China), and Xilinx (US).

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High Performance Computing Market expected to reach $ 44.98 Billion by 2022