Global High-Performance Computing Market Size to Reach USD … – GlobeNewswire

Vancouver, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The global high-performance computing (HPC) market size reached USD 41.07 Billion in 2020 and is expected to register a significant CAGR of 6.3% during the forecast period, according to latest analysis by Emergen Research. Major factors driving market revenue growth are rising need to streamline business processes, growing prominence of cloud computing coupled with rapid digitization trend. Another key factor further expected to augment revenue growth of the global high-performance computing (HPC) market in the near future is increasing adoption of high-performance computing in government entities. High-performance computing systems' capability to handle vast volumes of data at high speed is a key factor resulting in high deployment rate among government entities.

However, lack of awareness among SMEs about high-performance computing (HPC) is expected to hamper growth of the global high-performance computing market to some extent over the forecast period.

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Scope of Research

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Major Companies and Competitive Landscape

The global high-performance computing market is fairly fragmented, with a large number of large and medium-sized market players accounting for a major revenue share. Some prominent players operating in the high-performance computing market are:

Strategic Development

In April 2020, Hewlett Packard Enterprise declared that High-Performance Computing and Artificial intelligence are driving vaccine research for COVID-19. Laboratory scientists depend mostly on immense computing capabilities of HPCs and supercomputers to operate complicated computational simulations converting large quantities of emerging COVID-19 information into a biological and biochemical model simulation. To greatly improve the development of new therapies and steps, such models accelerate comprehension of the virus's newest strain and the dynamic interactions of body even to micro-level.

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Some Key Highlights from the Report

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/high-performance-computing-marketEmergen Research has segmented the global high-performance computing (HPC) market on the basis of component, deployment, application, and region:

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Global High-Performance Computing Market Size to Reach USD ... - GlobeNewswire