High Performance Computing Market

Global High Performance Computing Market Size (2021 – 2026)

The global High Performance Computing (HPC) market is anticipated to develop from $ 42.11 billion in 2020 to $ 54.98 billion by 2025, at an annual growth rate (CAGR) of 7.0% during the conjecture period.

High Performance Computing (HPC) is the procedure that mainly includes parallel processing to execute advanced applications in an efficient, swift and dependable way. New workloads, such as genomic sequencing, machine learning, deep learning, facial and speech recognition, and pattern recognition, are running on HPC systems. High performance computers greatly contribute to industrial competitiveness, national security, scientific progress and quality of life.

Using the computational capabilities of HPC, scientists and researchers get better decisions and analyzes as well as a simulation support system to determine how the scanned object can behave in a real situation, influenced by different physical predictor variables. This saves R&D time and expense and helps create a more qualitative and precise product. It would be a very difficult task without model simulation, which usually consists of larger systems, lots of geometric details, and complex physics.

Physical simulation, optimization and machine learning (ML) in several applications that include financial modeling and life science simulations, which are a few examples that needs HPC to solve complex problems in reality. In addition, regulatory requirements for energy consumption, sustainability and safety, as well as cost pressure are dominant worldwide, increasing rapidly, resulting in increased complexity for engineers in the field of engineering. development. In the aerospace and defense sector, companies attach great importance to lowering production costs with higher production rate. HPC software solutions allow companies to provide accurate multi-physics and multi-scale simulation solutions by using simulation in the designs, eliminating manual testing.

Recent Developments:

• In October 2017, AMD announced the release of the AMD Embedded Radeon E9170 GPU. The GPU is ideal for devices that requires high-end graphics and extended display capabilities and that meet demands for power and thermal efficiency.
• In June 2017, AMD announced the launch of the high-performance AMD EPYC 7000 data center processors. AMD EPYC is equipped with up to 32 high-performance “Zen” cores for better performance.
• In May 2016, AMD announced the release of the AMD FirePro S7100X GPU. The AMD FirePro S7100X GPU assists over 16 users per GPU in various virtualization solutions, which include VMware, SOLIDWORKS and Siemens NX, and Solid Edge

Impact of Covid-19 on High Performance Computing Market:

HPC is recognized as one of the powerful tools to fight COVID-19. Folding home is one of the projects carried out by OCF for the simulation of protein dynamics, which includes the process of protein folding and the movement of proteins created in various diseases.

Amid the ongoing COVID-19 outbreak, Forbes cited high performance computing as one of the most valuable weapons against the fight. As of April 13, 2020, there were more than 560,000 active cases of coronavirus in the country. While the figure exceeded 24,000 in Canada. In response to this, in April 2020, the federal government launched a COVID-19 high performance computing consortium to bring together governments, industries and universities and provide access to powerful high-performance computing resources. These developments should accelerate opportunities in the healthcare sector.

Market growth and trends:

Life Sciences and Healthcare Expected to See Significant Growth in future in this market

• According to HPC Wire, advancements in end-user verticals like genomics, precision medicine, electronic health records (EHR) and digital imaging, along with the rise of medical IoT and mobile devices have resulted in an exponential growth in data health services. For example, by 2020 the amount of medical data generated globally is projected to double every 73 days, when a typical healthcare consumer in developed countries is expected to contribute 1,200 terabytes of data. In the life.\
• With the growing need for rapid data analysis in the healthcare system, healthcare has been at the forefront of technology adoption for the past two decades. Additionally, the need to accelerate drug discovery and genomics-related studies has been one of the other factors that have complemented the adoption of high-throughput solutions. The demand for a software solution that accurately meets the needs of healthcare and life sciences is capable of exploring existing EHR and other electronic data sets to provide an overview of healthcare industry services.

Market Drivers and Restraints:

The rising need for high-performance computing, developments in the IT industry, progressions in virtualization, and the augmenting preference for hybrid HPC solutions are a few factors likely to promote this business growth. The HPC systems’ ability to analyze huge volumes of data at accurate speeds is promoting government and defense agencies, educational institutions, and energy and utility organizations to adopt HPC systems. It should also bode well for the growth of the HPC market in the coming years.

In addition to this, software hurdles continue to grow, hampering the growth of the HPC market.

GLOBAL HIGH PERFORMANCE COMPUTING MARKET REPORT COVERAGE:

Global High Performance Computing Market Segmentation:

Global High Performance Computing Market By Deployment Mode:

The different types of HPC deployment methods are local and cloud-based methods. Cloud deployment is the most popular in the industry, as cloud computing technologies are generally adopted by players from different industries.

Global High Performance Computing Market By Application:

The main sections of HPC applications are high performance technical computing and high performance business computing. HPC technical computing is finding demand in various industries such as government, chemicals, biosciences, academics, consumer products, energy, electronics and others. High performance data analysis is used in the government sector for national security and the fight against crime.

Global High Performance Computing Market By Component:

HPC consists of several components and some of them could be included as hardware, software and services. Hardware components are the most essential parts of any HPC system. The efficiency of the system is totally dependent on the hardware entities of the HPC. HPC's hardware segment includes memory (storage) capacity, power management, servers, and network devices. The servers consist of a supercomputer, a division, a department and a workgroup. Supercomputers and departmental units are the fastest selling items in the hardware and architecture section. Another essential component of HPC is the software and the management system. It consists of middleware, programming tools, performance optimization tools, cluster management and fabric management. Finally, the services provided are design and consulting, integration and implementation, training and outsourcing.

Regional Analysis:

The global high-performance computing market is being analyzed in different geographies such as North America, Europe, Asia-Pacific, and LAMEA. North America is the largest market for HPC technology due to technological advancements and early adoption of the technology in the region, followed by Europe.

Key market players:

AMD (US), Atos (France), AWS (US), Cisco Systems (US) and Cray (US) are some of the key players in the global HPC market.