HIGH PERFORMANCE COMPUTING MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)

 The on-premise model holds a significant market share, owing to its ability to tap into the total capacity of HPC systems without facing any bottlenecks due to connectivity issues.

Incorporating on-premise systems in significant research, analytics, and modeling applications is increasing, and real-time data access is paramount. Moreover, the growing complexity of operations and increasing capability of these systems are adding to this trend, as it bolsters the output and input capacity of HPC systems.

The security of private data is another primary driver for this model. Businesses and government organizations, especially in defense, are using this method to prevent attacks on their database. The physical presence requirement significantly adds to the security and integrity of the system, application, and data.

The High Performance Computing Market size is estimated at USD 56.98 billion in 2023, and is expected to reach USD 96.79 billion by 2028, growing at a CAGR of 11.18% during the forecast period (2023-2028).

Increasing adoption of HPC in the cloud and the emerging need to process an enormous amount of data efficiently and quickly are driving the market growth. High-performance Computing (HPC) Market is highly fragmented. The presence of major players, such as Hewlett Packard Enterprise, Advanced Micro Devices Inc., Sugon Information Industry Co. Ltd, NEC Corporation, and Fujistu Ltd, have considerable influence on the overall market. High-performance computing vendors increasingly focus on delivering enhanced solutions that cater to various requirements.

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