Global High Performance Computing Market: Regional Insights
Among regions, North America is anticipated to gain major share in the global high performance computing market during the forecast period. This can be attributed to increasing development and implementation of novel technologies. The growing implementation of these novel technologies is due to constantly increasing amount of data, need for security, leading to rise in use of HPC systems in the region. Moreover, increasing investments by governments at national level in research and development activities in the region is also expected to drive growth of the market in North America region.
Asia Pacific is also expected to show substantial growth in the global high performance computing market during the forecast period. Countries such as Japan and China are majorly contributing to the growth of HPC systems in the region. This is due to increasing investment in HPC systems compared to other countries. For instance, as per a Top500 report, China accounted for 42.8% share in the global supercomputers with the country having 214 supercomputers in November 2020. The government of Xi Jinping, China announced that it will build a US$ 10 billion National Laboratory for Quantum Information Sciences as its investment in the field. Thus, such initiatives by governments in the region is driving growth of the market in Asia Pacific region.
Figure 1. Global High Performance Computing Market Share (%), By Region, 2023
Based on Deployment Type, the market is segmented into On-premise, and Cloud. Out of which, On-Premise is expected to dominate the global market over the forecast period and this is attributed to the advantages of on-premise models, such as their ability of tapping into the full capacity of HPC systems, without having to face any blockages arising from connectivity issues. Along with this, the increasing complexity of operations and rising capabilities of the systems is driving the demand for On-premise deployment of HPC systems. Thus, the segment is likely to show strong growth in coming years.
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