High Performance Computing Market

1
High Performance Computing Market Future of
Healthcare in an Aging World
2
The high-performance computing market generated
revenue of 39,153.9 million in 2021, and it is
predicted to grow to 74,101.0 million in 2030,
progressing at a 7.3 rate from 2021 to 2030,
attributed to the high productivity of the
computing technology in research, academic,
government, life sciences and defense sector,
caused by the advent of cloud HPC solutions, and
growing requirement for the high-speed data
processing with rising strategic initiatives and
governments support.Moreover, the cloud
category is predicted to experience substantial
growth in the high-performance computing market,
progressing at an 8 rate from 2021 to 2030, led
by the private, public, and hybrid cloud
technologies offering flexible and remote access.
In addition, deployment of cloud technologies is
highly preferred in the organizations that host
software on a vendor's server that can be
accessed through a web browser. It mitigates the
need for upgrading systems regularly. Request
for sample pages of this report https//www.psmar
ketresearch.com/market-analysis/high-performance-c
omputing-hpc-market/report-sampleIn addition,
cloud technology lures companies to invest, as
they are inexpensive and easy to implement.
According to a pay-per-use subscription model,
cloud-based software offers a wide range of
plans, from the need to budget-based selection.
The rising popularity of cloud software is
ascribed to the daily operations efficiency,
low-cost operations, ease of use, and
affordability, resulting in the market
proliferation.
3
The on-premises category captures a larger
high-performance computing market share,
accounting for 55, attributed to the increased
focus of the government on the safeguarding of
the sensitive information related to the nation's
interests, citizens' data, and companies'
concerns to maintain the organization's data,
resulting in rising preference of the on-premise
infrastructure over cloud infrastructure.The
server category generates the significant market
revenue share, accounting for 35, owing to the
rise in penetration of the data centers, due to
increasing investments of several medium-sized
companies in the data centers development,
resulting in the growing requirement of the
public cloud services.Moreover, the small and
medium-sized enterprises contribute 55 revenue
share to the high-performance computing market,
due to an increase in the number of small
medium companies that are increasingly using
supercomputers. In addition, cloud technology is
increasingly adopted by smaller companies due to
lower implementation, maintenance costs, and
upgrades. Moreover, it provides easy access to
remote data, and ease in old legacy systems'
integration with increased efficiency, resulting
in reduced operational cost and time for SMEs.
4
Furthermore, SMEs pose critical challenges such
as skills, scalability, and capital, and
cloud-based solutions offer support to address
them with the escalation of IT structure as per
the need. SMEs face a strong threat to the larger
companies in the market competition therefore,
they get benefitted from the adoption of the HPC
solutions, resulting in increased
productivity.Browse full report
at https//www.psmarketresearch.com/market-analys
is/high-performance-computing-hpc-marketNorth
America holds the largest high-performance
computing market share, accounting for 40, and
it is the most significant IT solutions market,
due to the penetration of key industry players,
technological advancements, and their surging
implementation. In addition, the need of
processing raw data in large amounts results in
an increased focus on security measures.
Therefore, it causes market propulsion with the
increased adoption of the cutting-edge
technologies that improve HPC solutions
applications.Therefore, the increased
efficiency and low operational cost facilitated
by cloud technologies boost the market.
5
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.