5 September 2019: High Performance Computing (HPC) usually functions on algorithm that solves complex equations and problems with accuracy and speed higher than conventional computing. The increasing need for business analytics, growing adoption of cloud computing, continuous developments in artificial intelligence, and diversification of the IT industry has prompted end-use industries to adopt HPC. Data centers require capabilities of processing large volumes of data, which is offered by service providers in High Performance Computing (HPC) Market to ensure efficient computing.
Data management boosts cloud services
Based on component, the segment is categorized into cloud, services, storage, servers, networking devices, software, and others. In 2017, the servers segment held the largest market share owing to rise in the number of data centers, due to growing demand for public cloud services. The services segment includes support, maintenance, and management. Some functions of the services are implementing and upgrading existing systems along with troubleshooting.
For instance, Altair Engineering Inc., a company that provides cloud computing, engineering solutions, product design, and enterprise services released a new version of job scheduler and workload manager platform. It highlights and addresses the highest priorities for organizations who rely upon HPC systems. The platform is designed for connecting administrators and users along with integrated applications and HPC resources for maximum efficiency and utilization. The company aims at providing access to technologies and software tools that are reliable, fast, and secure.
Market Insights
Defense agencies, manufacturing industries, educational institutes, government agencies, and research institutions are industries that are likely to fuel the growth of the market. The work in these industries involve relying on data, which requires complicated calculations to solve complex issues, has led to rise in demand for technologies that suit their needs. Applications such as weather forecasting and space exploration also involve processing of large volumes of data. High processing power coupled with efficiency provided by HPC systems, ensure smooth functioning of these applications.
The application portfolio of high performance computing has a rising growth trajectory. Vendors are focusing on offering solutions such as configurations and management tools that are user friendly and easy to incorporate to the changing workloads. Some of the major companies in the High Performance Computing market are Advanced Micro Devices, Inc. (AMD); Atos SE; Cray Research, Inc.; Cisco Systems, Inc.; and Dell Technologies, Inc.
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