High Performance Computing Market is Expected to Grow to $33.43 Billion by 2018

High Performance Computing Market report provides detailed insights into the global HPC market split across various regions, types of components and professional services, types of deployments, and types of professional services. We expect an increasing adoption of HPC solutions, as major vendors are bringing cost-effective and technologically advanced solutions and are aggressively investing and rigorously working toward development of the computing solutions. The total HPC market is expected to grow from $24.32 billion in 2013 to $33.43 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) of 6.6 % from 2013 to 2018.

High Performance Computing Market (HPC) is experiencing a rapid adoption in the market with the increase in the number of data centers worldwide and large investment by government across different countries. Along with this, there has been an increasing usage of HPC applications, which has enabled enterprises to solve grand scientific challenges such as modeling and simulation of various events and processes; it also enables predictive and behavioral analysis of various scientific phenomena. Another major factor which is escalating the growth of this market is the constant rise in the number of super computers around the world.

The HPC market is segmented on the basis of components and professional services, deployment models, and price bands. Currently, the on-premise deployment model is majorly being used by the companies to implement the extensive computing solutions. The cloud deployment model has also gained traction due to increasing cloud services. Servers ranging from $ 249,000- $500,000 and above have gained significant traction over the years and large number of commercial organizations are using this price band of servers to improve their business productivity and efficiency. HPC has emerged from Symmetric Multi Processing System (SMP) to new clustered computing systems with processing capability up to petaflops/second.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: High Performance Computing Market – Global Market Forecasts & Analysis 2013 – 2018.

High Performance Computing Market is Expected to Grow to $33.43 Billion by 2018