High-Performance Computing Market in APAC is World’s Fastest-Growing
According to a new report, the high-performance computing market is set to hit 5.45 percent CAGR by 2020, driven by higher computational power drives, with Asia-Pacific due to witness the biggest market growth
The global high-performance computing (HPC) market is projected to reach US$36.62 Billion by 2020, at a CAGR of 5.45 percent, with higher computational power driving the HPC market growth. Asia-Pacific (APAC) is expected to witness the highest growth and HPC servers to gain maximum market share during the forecast period.
A complete report on global high-performance computing market spread across 162 pages, profiling 10 companies and supported with 66 tables and 34 figures is now available here.
The emergence of big data has increased the demand for systems that can handle a more data-intensive workload. HPC clusters are systems that can easily handle vast amount of data and extensively support high-performance data analysis. The improved data collection technology provides lively images for simulations, medical, life science, video rendering, and other applications.
All these applications require higher processing power and speed for data analysis and results. Better scans, HDTV, multi-layer scans, and enhanced information gathering abilities all adds to the requirement and expectation of the delivery of more processing power and quicker storage solutions through HPC, which helps in driving the market.
The market in APAC is in the growth phase and is the fastest-growing region for the global HPC market. This is mainly attributed to the growing focus of the market players to address the demands of higher processing power with reliable and quicker response time. On the other hand, the Middle East and Africa (MEA) region is aiming toward the growth phase while Latin America is still in the introductory phase in terms of adoption of HPC solutions.
HPC servers market is estimated to contribute the largest market share in terms of components type. Storage, networking devices, and software solutions are also seen with higher prospects in coming years. Moreover, the services market is estimated to have great opportunities and projected to grow at a high CAGR in the next five years.
Prominent vendors in the HPC space include AMD, Cray, Cisco Systems, Intel Corporation, SGI, HP, Dell, IBM, Atos SE, and Fujitsu among various others. With the rapid development of new technologies, new vendors are emerging in the market, especially in the area of cloud computing.