HPC market to grow significantly in coming years

HPC market to grow significantly in coming years

on Jul 9, 14 • by Chris Bubinas • with No Comments

According to the most recent MarketsandMarkets report, the global market for HPC solutions will likely reach $33.4 billion by ...

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The market for high performance computing solutions continues to accelerate. Organizations around the globe are increasingly turning to these systems in order to vastly upgrade the speed, quality and range of their computation capabilities, a trend which is likely to continue into the foreseeable future.

According to the most recent MarketsandMarkets report, the global market for HPC solutions will likely reach $33.4 billion by 2018. By comparison, this market stood at $24.3 billion in 2013. This marks an estimated compound annual growth rate of 6.6 percent for this period.

The study reported that North America will see the greatest spending and adoption of HPC solutions and services during this time.

Diverse uses
The MarketsandMarkets report noted that the growing and evolving uses of HPC solutions are the most significant driver of market development. Specifically, the study highlighted the increase in the sheer number of complex applications for which HPC solutions are now being applied. Additionally, government investment in HPC systems is increasing rapidly, greatly accelerating the market's overall growth.

Ultimately, the single biggest reason for the HPC market's significant development is that the technology is advancing, providing new, major benefits for organizations.

"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," MarketsandMarkets noted.

New opportunities
Furthermore, the MarketsandMarkets study revealed that HPC solutions providers are poised to reap significant benefits during this 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," the report explained.

As more organizations begin to leverage HPC solutions for the first time or to a greater degree than ever before, the need for advanced debugging software will also increase tremendously. With sophisticated memory and process analysis tools, firms can ensure that their HPC solutions perform at their maximum capabilities. Without such resources, though, the task of maintaining these advanced computing networks can prove overwhelming, thereby greatly mitigating the computation benefits that companies can enjoy from their investments.

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