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High Performance Computing (HPC) Market projected to reach $49 4 billion by 2025, with a remarkable CAGR of 5 5%
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The global HPC market is expected to grow from USD 37.8 billion in 2020 to USD 49.4 billion by 2025, at a CAGR of 5.5% during the forecast period.
The demand for HPC is driven by the increasing need for efficient computing enhanced scalability, and reliable storage, emerging need for the high speed data processing with accuracy, adoption of HPC in the cloud.
Support, Maintenance, and Management segment to growth with higher CAGR during forecast period
The components is sub-segmented as Solutions as services. The services segment is further sub-segmented as design and consulting, integration and deployment, support, maintenance, and management. The increasing adoption of the HPC solutions need support, maintenance, and management services. The support, maintenance, and management services include various onsite and offsite services. The onsite services include support activities, such as device repair and
The server solution segment to hold a larger market size during the forecast period
The components is sub segmented as Solutions as services. The solutions segment further sub-segmented as server, storage, networking devices, software. The server solution segment is projected to contribute majorly to the HPC market among the solutions. This growth these segments are supported by enterprises are transforming to the digital world and cloud adoptions by enterprises from verticals across the world.
SMEs segment to grow with higher market size during the forecast period
The Small and Medium size enterprises (SMEs) segment is expected to grow with a higher rate contributing to the market. This growth of SMEs is supported by the implementation of the HPC solution, along with services, is expected to result in better risk mitigation, reduced administrative overhead, reduced cost of compliance, favorable business outcomes, and improved business efficiency for SMEs.
High Performance Computing (HPC) Market worth $49.4 billion by 2025 - Exclusive Report by MarketsandMarkets High Performance Computing (HPC) Market by Component (Solutions [Servers, Storage, Networking Devices, and Software] and Services), Deployment Type, Organization Size, Server Prices Band, Application Area, and Region - Global Forecast to 2025
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published by MarketsandMarkets, the HPC market size is expected to grow from USD 37.8 billion in 2020 to USD 49.4 billion by 2025, at a CAGR of 5.5% during the forecast period.
The demand for HPC is driven by the increasing need for efficient computing, enhanced scalability, and reliable storage, emerging need for the high-speed data processing with accuracy, adoption of HPC in the cloud.
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