High-performance Computing Market Is Expected to Reach USD 50 Billion By 2023 :

Pune, India, March 22, 2018 /press release/- Market Research Future Published a Half Cooked Research Report on Global High-performance Computing Research Report..

 Market Overview:

According to Market Research Future, High-performance Computing market is estimated to generate USD 50 billion market revenue by 2023 growing with 8% CAGR during the forecast period. Some of the drivers supporting the growth of the global High-performance Computing market include, a higher rate of HPC adoption in government, industrial, and enterprise application, need for high computational capabilities and & complex application management, and adoption of cloud high-performance computing. However, lack of expertise & high cost in HPC maintenance and advancement in high-performance workstations are some of the factors restraining the market growth of high-performance computing in the coming future.

Access Report Details @ https://www.marketresearchfuture.com/reports/high-performance-computing-market-2698

High-performance Computing Market is segmented into component, deployment, and verticals. By component, the market is segmented as a server, storage, networking devices, and software. The server is dominating the high-performance computing market in 2017 and is expected to grow by 8.12% CAGR, whereas, Networking Devices is projected to be the fastest growing segment. Based on deployment, the high-performance computing market is bifurcated into on-premise and on-cloud. On-premise deployment is dominating the market in 2017 whereas, on-cloud is expected to be the fastest growing deployment methdod for HPC. Moreover, on the basis of verticals, the market is segmented into BFSI, IT & telecommunications, retail, manufacturing, healthcare, energy & utilities, transportation and others. BFSI is dominating the market in 2017 and is expected to grow by 8% CAGR. Whereas, IT & Telecommunication and Healthcare are expected to drive the market with highest CAGR, respectively during the forecast period 2017-2023.

The high-performance computing is now widely used in all fields of industry and commerce making it beneficial in computation-intensive areas of research, earth science, national security, engineering, and aerospace. It is estimated that the speed of supercomputer to reach nearly one exaflop by 2019. China’s Tianhe-2 is at present the fastest supercomputer with a rate of 55 petaflops. China is expected to come up with two 100 petaflops capable supercomputers. Also, the U.S. Department of Energy (DOE) has made a contract with technology giants IBM and NVIDIA to develop two 150-petaflop supercomputers by 2018.

Key Players

Market Research Future (MRFR) recognizes the following companies as the key players in the High-performance Computing Market – Hewlett Packard Enterprise Company, IBM Corporation, Dell, Inc., Microsoft Corporation, Fujitsu Ltd, Intel Corporation, Cisco Systems, Inc., Hitachi Ltd, Oracle Corporation, and Advanced Micro Devices, Inc.