Industry Background:
HPC Software and Services are provides high-level processing capacity to enterprises. HPC stands for high-performance computing which is the ability to process data and perform complex calculations at high speeds. This type of software is designed to help organizations get the best performance out of complex systems and get faster results. It is used for a variety of purposes across multiple industries such as Financial, Research labs, Media and entertainment, etc.
According to AMA Research, the market for HPC Software and Services is expected to register a CAGR of 58.6% during the forecast period to 2030. This growth is primarily driven by Growing Need for Faster Insights, Secure and Reliable Solution Among The Organizations
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Internet Software & Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Atos SE (France), GIGA-BYTE Technology Co., (China), BrainTrust (United States), Hewlett Packard Enterprise (United States), Intel Corporation (United States), Altair Engineering, Inc.(United States), DataDirect Networks (United States), Rescale, Inc. (United States), PIER Group. (United States), Dell Inc. (United States), Advanced HPC (United States) and Numerical Algorithms Group Ltd (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On June 21, 2021, Hewlett Packard Enterprise announced that it has acquired Determined AI, a San Francisco-based startup that delivers a powerful and robust software stack to train AI models faster, at any scale, using its open-source machine learning (ML) platform. HPE will combine Determined AI’s unique software solution with its world-leading AI and high-performance computing (HPC) offerings to enable ML engineers to easily implement and train machine learning models to provide faster and more accurate insights from their data in almost every industry.
On June 28, 2021, Dell Technologies announced three expanded offerings in conjunction with the start of the ISC21 digital conference. The centerpiece is Omnia, new software underpinning workload deployment and management and ‘composable infrastructure’ capabilities. Also announced were expanded HPC-on-demand services and server GPU options.The global HPC Software and Services market is fragmented with the presence of several players at the global and regional levels. Companies offer the best performance software and services to the different industries for a variety of purposes. Companies investing in the launch and enhancement of HPC Software and Services. The player is also participating in strategic activities such as mergers and acquisitions to enhance their market presence.
Influencing Trend:
Advancement in HPC Technology Business Are Using It for Simulations And Modelling Area
Market Growth Drivers:
Growing Need for Faster Insights, Secure and Reliable Solution Among The Organizations and Increasing Demand for More Manageable Large Data and Easier Financial Analysis
Challenges:
Increasing Data Breach Requiring Betterment of Security Feature in HPC Software and Services
Restraints:
High Cost of HPC May Restraints The Market Growth
Opportunities:
HPC is Growing in the Enterprise Space Creating Numerous Opportunities for HPC Software and Services Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of HPC Software and Services Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of HPC Software and Services Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of HPC Software and Services players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, HPC Software and Services Study Sheds Light on
The HPC Software and Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the HPC Software and Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where HPC Software and Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.