Product ID: SQMIG45B2029
Global High Performance Computing Market Size, Share, Growth Analysis, By Component(Solutions (Servers, Storage), By Deployment Type(On-Premise, Cloud) - Industry Forecast 2024-2031
Report ID:
SQMIG45B2029 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
64 |
Figures:
75
Global High Performance Computing Market Dynamics
High Performance Computing Market Driver
- The key factor that drives the industry growth includes the increasing requirement of high performance computing in various sectors for faster data processing with high precision. Furthermore, the rising popularity of cloud computing, along with various governments' digitalization ambitions, will play a key role in propelling High Performance Computing Market expansion throughout the forecast period. Furthermore, the market is expected to increase due to the expansion of the IT sector, improvements in virtualization, and ongoing diversification.
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High performance computing is known for the speed , accuracy and reliability to analyze data. These all features are major requirements in genomic research. Genomic sequencing helps to detect all types of genetic variation across the genomic system which helps to analyze and identify genetic variants associated with various diseases and their responses to treatment. This advent of HPC has allowed this technological advancement which will help the market propel in future.
- The worldwide high performance computing market is also being driven by the usage of HPC in cloud computing. Low cost of maintenance and efficiencies are just a few of the advantages of cloud HPC. Furthermore, HPC on the cloud allows for the creation of a larger community of businesses that are new to high-end computing, supporting them in harnessing the benefits of low operational expenditure (OPEX) and overcoming power and cooling issues.
High Performance Computing Market Restraints
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CYBERSECURITY CONCERNS ASSOCIATED WITH HPC
The number of entities that access HPC systems has increased with the growing use of it which has caused major concern of data security. The nature of High performance Computing exposes it to the various data security threats which can be major roadback for the market.
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High Initial investment cost
The major Small and medium enterprises around the globe are less aware about the benefits and along with that the enterprise which aims to establish HPC, mainly fails due to higher initial investments.
Global High Performance Computing Market Report Snapshots
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