Global High-Performance Computing Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

High-performance computing is growing due to the increased use of this technology in government sectors as well as in applications that require solving scientific, complex, and business problems

Market Segmentations

• The Global High-Performance Computing Market is segmented based on Component, Computing Type, Deployment, Organization Size, Vertical, and Geography.
• By Component, the market is classified into Services and Solutions.
• The HPC service is expected to grow fastest in the upcoming year due to the increasing amount of complex data that businesses and institutions are dealing with. As the world becomes increasingly digitalized, more and more data is generated daily from social media, mobile devices, and the Internet of Things. This data needs to be processed and analyzed in real-time, and traditional computing systems may not be able to handle the data volume and complexity. Additionally, the rise of AI and ML has driven the need for HPC, as these technologies require large amounts of data to train and deploy models. HPC can process the data at scale and run models quickly to enable real-time decision-making.
• By Computing Type, the market is classified into Parallel Computing, Distributed Computing, and Exascale Computing.
• The Parallel Computing segment is predicted to hold the largest market share in the forecasting period. It refers to the use of multiple processors or cores to perform calculations simultaneously. In HPC, parallel computing is used to run multiple calculations at the same time, allowing for faster processing of large datasets. Parallel computing is used to increase computer performance and for scientific computing. With the development of technology and architecture, there is a strong demand for developing high-performing Applications. Experiments show that parallel computers can work much faster than an utmost developed single processor; hence its demand is increasing from various industries.
• By Deployment, the market is classified into On-Cloud and On-Premises.
• Due to the increasing demand for cloud-based services and solutions, the cloud segment is predicted to grow with the highest CAGR in the forecasting period. Cloud computing provides several benefits, such as cost-effectiveness, scalability, flexibility, and easy accessibility, attracting more and more users to cloud-based solutions. Cloud-based solutions offer SMEs access to advanced technologies and services previously only available to larger enterprises. This has increased competition in the cloud computing market, driving innovation and improving the quality of cloud-based solutions. Additionally, the increasing use of emerging technologies, such as artificial intelligence, the Internet of Things (IoT), and big data analytics, is driving the growth of the cloud segment.
• By Organization Size, the market is classified into Small & Medium Sized Enterprises and Large Enterprises.
• Small & Medium organizations hold the largest market share in upcoming years due to scaling computationally to build deep learning algorithms that can take advantage of high volumes of data. With more data comes larger computing needs with great performance specs. This leads to HPC. A small organization may have large amounts of data to process and analyze, such as a scientific research project or a startup's customer data. HPC allows multiple processes to be run in parallel, significantly reducing the time it takes to process and analyze large datasets. HPC can be used to ensure that critical components of such Applications can process high volumes of data with minimal latency. Due to such advantages, the demand for HPC in Small & Medium Sized Enterprises is increasing.
• By Vertical, the market is classified into BFSI, Education & Research, Energy & Utilities, Gaming, Government & Defense, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Retail & Consumer Goods, and Transportation.
• The BFSI sector is predicted to hold the largest market share and grow with the highest CAGR in the forecasting period. High-Performance Computing (HPC) is a technology that enables the processing large and complex data sets at high speeds. The banking sector has been using HPC to improve its performance in several ways. For instance, HPC can enhance customer experience through data analytics by providing insights into trends related to customer behavior. Furthermore, Cloud computing is another technology that has made many things easier in the banking sector, like interoperability, secure storage, 24×7 uptime, etc. This advancement in the IT sector led to many drastic changes in how information is treated.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
• North America holds the largest market share. As the need for processing large amounts of data increases, the importance of robust security measures also grows, driving the adoption of cutting-edge technologies, such as HPC systems. Major corporations and SMEs, such as Boeing and General Motors, increasingly adopt HPC systems to overcome technical challenges. The Asia-Pacific region is expected to experience the highest growth in HPC systems due to their increasing use in scientific research and weather forecasting. China is also among the top 10 countries in the world for high-performance computing.

Recent Development

• SambaNova introduced a new HPC-based solution to perform sentiment analysis, language translation, and entity recognition in banking services. - February 2022
• Lenovo Group Limited announced a new service Lenovo TruScale™, which delivers the power of on-premises supercomputing to organizations of all sizes through a cloud-like experience. - January 2022

Company Profiles

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Nigeria, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global High-Performance Computing Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global High-Performance Computing Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global High-Performance Computing Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market