DUBLIN, Feb. 26, 2018 /PRNewswire/ --
The "High Performance Computing Market by Component (Solutions (Servers, Storage, Networking Devices, and Software), and Services], Deployment Type, Organization Size, Server Price Band, Application Area, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The global high performance computing market is expected to grow from USD 32.11 Billion in 2017 to USD 44.98 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.
Data center operators face increased needs for data center architecture which supports complex applications, in every business process and research. The HPC technology provides excellent computing power and enhanced performance for running advanced applications. It uses parallel supercomputers and clusters of computers where aggregation of computing power is needed for delivering higher performance. These solutions are fueling the growth of the HPC market, as organizations are adopting them to cater to their complicated business needs.
The market is segmented on the basis of components into solution and services. The solutions considered for the high performance computing market include servers, storage, networking devices, and software. The services considered for the HPC market include design and consulting; integration and deployment; and support, maintenance, and management. The services segment is expected to grow at a higher CAGR due to the increased need for customized design and improved operability.
The deployment type for the high performance computing market consists of on-premises and cloud. The cloud deployment type is expected to grow at a higher CAGR. The cloud deployment type helps minimize an organization's operational costs by eliminating the need to buy an additional computing resource. Moreover, the cloud deployment type comes with cost benefits, which has enabled small enterprises to take advantage of its benefits.
The market is also segmented on the basis of organization sizes into Small and Medium-sized Enterprises (SMEs) and large enterprises. The large enterprises segment is expected to have a larger market size, due to a high demand for enhanced HPC systems in their facilities. The growing investments in data center technologies across the world and increasing number of data centers are further fueling the demand for HPC solutions and facilitating the growth of the high performance computing market.
The report covers all the major aspects of the high performance computing market and provides an in-depth analysis across the regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The market in North America is expected to hold the largest market share, due to the presence of major vendors, and increasing adoption of associated services. The APAC region is expected to provide several growth opportunities in the HPC market and is projected to grow at the highest CAGR during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 High Performance Computing Market, By Component
7 High Performance Computing Market, By Deployment Type
8 Market By Organization Size
9 Market By Server Price Band
10 High Performance Computing Market, By Application Area
11 High Performance Computing Market, By Region
12 Competitive Landscape
13 Company Profiles
- Cisco Systems
For more information about this report visit https://www.researchandmarkets.com/research/8t7z37/high_performance?w=5
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