The HPC market size is expected to grow from USD 37.8 billion in 2020 to USD 49.4 billion by 2025
High Performance Computing
GPU Computing
Cloud Workstations
Nebula Cloud Workbench
The demand for
HPC is driven by the increasing need for efficient computing enhanced
scalability, and reliable storage, emerging
need for the high-speed data processing with accuracy, adoption
of HPC in the cloud. The HPC market size is expected to grow from USD 37.8 billion in 2020 to USD 49.4 billion by 2025,
at a
CAGR of 5.5% during the forecast period as per IDC Market Report.
Rising demand for high-speed data
processing with high precision is one of the key factors driving
high-performance computing (HPC) market revenue growth. Sectors in which
applications face slow data processing concerns involve finance, healthcare,
research, and government. The financial industry's rapid evolution has made it
essential for fast and precise processing of derivative valuation models. While
in the healthcare industry, applications including computed tomography scanning
and MRI, require quick and accurate outcomes from processing complicated data
sets, HPC allows significant reduction of computing time and processes computed
tomography and MRI information more rapidly and precisely than
conventionally-used methods. As a result, growing demand for quicker data
processing with greater precision in different fields is among some key factors
driving high-performance computing market growth.
Growing need to streamline
business processes is expected to further propel global high-performance
computing (HPC) market growth in the forthcoming years. High-performance
computing solutions enable customization of various business operations, thus
enabling users to do even more in much less time. The capacity to analyze data
more quickly enables the accounting team to recognize shortfalls and execute
outcomes accordingly. High-Performance Computing (HPC) is used to recognize
possibilities to address various industry problems in the most efficient and
cost effective ways. In addition, rising prominence of
cloud computing coupled with digitization is expected to boost global high-performance
computing (HPC) market growth going ahead. Furthermore, growing focus on
high-performance computing hybrid solutions is expected to augment global
high-performance computing (HPC) market growth over the forecast period.
Organizations currently rely on hybrid high-performance computing approaches
with rising need for high-performance computing solutions and rapid
technological advancements and developments. IT teams are increasingly focusing
on building a balance among high-performance computing solutions for cloud and
on-premises.
Businesses are rolling out
high-performance computing capabilities on-premise as required. Cloud service
providers began providing turn-key high-performance computing solution
ecosystems that are customized to businesses' unique workflow requirements at
the very same time. Reasonable efficiencies benefit from a hybrid
high-performance computing solution. The high capital expenditure and
operation cost concerned are among some key factors expected to hamper growth of
the high-performance computing market to a certain extent. The expense of
setting up or maintaining high performance computing is relatively high. A
significant cost of capital is required, such as for investment in software. Operation costs for
high-performance computing includes expenses for electricity, repair, and
maintenance. The high capital expenditure and servicing costs are key factors
hampering adoption of high-performance computing by some start-ups and SMEs.
In
addition, as companies move from on-premises to cloud services, there is a
growing investment involved. Lack of awareness among SMEs is also expected to
hamper global high-performance computing market growth to a moderate extent
over the forecast period. Potential customers in various small and medium-sized
businesses are unaware of the advantages of high-performance computing and do
not have the capital to install these solutions. Related to high capital
expenses associated, SMEs in several developed countries still are pessimistic regarding
high-performance computing adoption. Most of them are not aware of the various
benefits provided by high performance computing, including enhanced efficiency
and customized service. The technological knowledge required to set up and
operate a high-performance computing facility is deficient in such businesses.
Therefore, cloud computing can improve use of high-performance computing across
small and medium enterprises since it can significantly reduce required costs.
Nebula Cloud is one such unique and
innovative cloud agnostic on-demand HPC platform helping enterprises deploy fast, secure, and high-performance CAD, CAM,
CAE, CFD, Big Data, GIS and PLM Solutions on cloud and provides a seamless
experience to the engineering community.