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High Performance Computing Market Trends

Report ID: GMI5668
Published Date: May 2023
Report Format: PDF

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High Performance Computing Market Trends

The increasing use of cloud computing and digitization initiatives undertaken by various governments will play an important role in the high-tech market growth during the forecast period. For example, in Dec 2020, the UAE government launched digital transformation projects such as Smart Abu Dhabi and Smart Dubai. These plans will drive cloud computing adoption and increase the demand for HPC systems. With the help of advanced business technology, the system overcomes many limitations of computing power and is improved using solutions such as data analysis.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

High Performance Computing (HPC) industry size was around USD 45 billion in 2022 and will record over 5% CAGR between 2023 and 2032.

The services segment will exceed USD 15 Billion by 2032 owing to the multiple services provided by HPC vendors.

North America High Performance Computing (HPC) market held the highest share of over 40% in 2022 as it is the largest technology hub in the world.

ARM Limited, Advanced Micro Devices Inc., Atos SE, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., IBM, Intel Corporation, NVIDIA Corporation, and NEC Corporation.