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High Performance Computing Market Size
- Report ID: GMI5668
- Published Date: May 2023
- Report Format: PDF
High Performance Computing Market Size
High Performance Computing Market size was valued at USD 45 billion in 2022 and is anticipated to grow at a CAGR of over 5 % between 2023 and 2032. The growth is attributed with increased demand for high performance, advances in virtualization, continued diversification and expansion of the IT industry, and increased attention to problem solving in high performance computing (HPC) systems.
High Performance Computing (HPC) refers to the use of parallel networks to run high-performance, reliable & fast applications. Tasks including genome sequencing, machine learning, deep learning, speech, facial recognition, and pattern recognition are performed in HPC systems. High-performance computers are critical to business competitiveness, national security, education, and quality of life.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| High Performance Computing Market Size in 2022: | USD 45 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 90 billion |
| Historical Data for: | 2018 - 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 284 |
| Segments covered: | Component, deployment, application, organization size |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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One of the limitations in the HPC industry is the lack of progress in high performance computing. The increasing use of HPC systems is leading to rising cybersecurity concerns. With many organizations accessing HPC systems, data security remains a major concern, hindering the development of high-tech industries.
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High Performance Computing Market Scope
