Share this article Share this article ResearchAndMarkets.com's offering. The Europe High Performance Computing (HPC) Chipset Market is expected to witness market growth of 20.7% CAGR during the forecast period (2020-2026). Currently, the GPU is widely utilized in both commercial & scientific applications & has witnessed a considerable development. The growth in the HPC chipset market is driven due to the massive parallel processing capability of GPU. GPU has seen quick development to become high-performance accelerators for data-parallel computing. Moreover, advanced GPUs have hundreds of processing facilities, which are able to attain up to 1 TFLOPS for single-precision (SP) arithmetic. The adoption of high-performance computing in the cloud sector is the major factor that boosts the growth of the HPC chipset market. Using Cloud, a company can obtain immediately available & scalable computing resources and approximately indefinite storage at a moderate cost. With the rising utilization of HPC in the cloud, it aids to enhance performance, control costs, accelerate results, and run complicated simulations against large datasets in domains like physics, pharmaceuticals, or aerodynamics; government initiatives; and rise in need for flexible computing services. HPC computing needs consistent efficiency & working of HPC clusters. Therefore, HPC services allow total control for users over computing infrastructure like analysis software & operating systems.