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High performance computing market surpassed revenues of US$24Bn in 2013

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High Performance Computing Market - Global Market Forecasts & Analysis (2013 - 2018) - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-01 12:45:05
Analysts expect that the global High Performance Computing Market is estimated to be US$24.32 billion in 2013 and is expected to grow to $US33.43 billion by 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 6.6% from 2013 to 2018. In the current scenario, North America is expected to be the biggest market on the basis of spending and adoption for the HPC solutions and services.An increase in the number of complex applications and huge government investment is playing a major role in shaping the future of the High Performance Computing (HPC) Market. HPC has resolved the grand scientific challenges and enabled the enterprise to make sound business decisions. This has resulted in emergence of a new breed of dedicated HPC vendors, providing robust and scalable HPC clusters which can store, analyze, and process data at the shortest possible time.Companies providing HPC solutions are looking forward to gain a better competitive advantage in this growing market, thereby creating exascaling supercomputers and embedded processors, new networking and hot water cooling technologies for the government organizations and enterprises.High-Performance Computing (HPC) delivers high performance by aggregation of several computing nodes coupled together to solve large complex problems in science, engineering, and businesses. Typically, HPC machine comprises of several components such as processors, memory disk, operating system, and various software to boost the performance of the entire machine. The performance of these computing clusters is dependent upon the number of cores which enhances the overall processing capability. Presently in the HPC market, the vast sums of money have been invested in supercomputers which are being used for specialized complex problems and require extensive expertise to use. The increasing supercomputers market is complimenting the HPC market growth. New technological innovations from the companies are also adding up to the increasing supercomputers capabilities.Currently available HPC solutions are helping most of the government organizations and large enterprises. The government organizations and enterprises are using these systems for solving complex computational problems. Along with the government, academic institutions are also using these systems, for innovating new technologies and developing new products.

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