Market Overview

The high-performance computing market was valued at USD 33.45 billion in 2018 and is expected to reach a value of USD 47.02 billion by 2024, at a CAGR of 7.02% over the forecast period (2019-2024). With the growth of technologies like the Internet of Things (IoT), artificial intelligence (AI), and 3-D imaging, the size and amount of data that organizations have to work with is growing exponentially. Therefore, fueed by the growth of AI and IoT, high-performance computing is increasingly used to drive commercial, industrial and personal usage.

• Further, the fast-paced growth in the IT industry is expected to be the primary driver of the heavily integrated HPC market. The incorporation of IT services across diverse industry verticals is the major cause of this growth, where, apart from business operations, these services are also used for process optimization, data management, and analytics.
• Moreover, with the increase in deployment of autonomous vehicles across many industries, including aerospace, healthcare, automotive and e-commerce. From factories to distribution centers, the company’s vehicles are useful for any business.and thus to run that process smoothly lots of software runs simultanoeously. This is where high-performance computing (HPC) becomes extremely important.
• For instance in November 2018, Intel had unveiled Cascade Lake Advance Performance (AP), a 48-core Xeon variant aimed at the high performance computing crowd. Intel characterized the new AP processor line as designed for the most demanding high-performance computing (HPC), artificial intelligence (AI) and infrastructure-as-a-service (IaaS) workloads.
• However, the rising concerns related to the safety and legitimate use of this data is a major challenge for the growth of this market.

Scope of the Report

High-performance computing (HPC) is the process of use of parallel processing for running advanced application programs efficiently, reliably, and quickly. Newer workloads, such as genomic sequencing, machine learning, deep learning, speech and facial recognition, pattern recognition, etc., are being executed on HPC systems. High-performance computers are contributing a lot to industrial competitiveness, national security, scientific progress, and quality of life.

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Key Market Trends

Financial Service to Occupy a Significant Share

• The HPC market is experiencing high demand from the financial service industries among the other end-user applications. The majority of the existing infrastructure is challenging, due to the poor alignment with the business needs and resulting in higher complexity.
• Thus, the financial services organizations are modernizing their IT infrastructure with innovative solutions, to offer competitive differentiation. HPC offers greater speed, agility, and scalability, which are highly essential in the industry
• Apart from this, the trader works in a complex trading environment which includes multiple graphic-intensive monitors for viewing numerous applications at a time in limited space. Thus, access to time-sensitive and live feed applications is expected to drive the HPC demand in the financial service industries
• According to IBEF, the Mutual Fund (MF) industry in India has seen rapid growth in Assets Under Management (AUM). Total AUM of the industry stood at Rs 23.16 trillion (US$ 321.00 billion) as of February 2019. At the same time, the number of Mutual funds (MF) equity portfolios reached a high of 74.6 million as of June 2018.
• Indian Government is also taking the initiative to boost the financial services industry. For example, in December 2018, Securities and Exchange Board of India (SEBI) proposed direct overseas listing of Indian companies and other regulatory changes. It has provided companies with a broader investor base, better valuation, increased awareness, analyst coverage, and visibility.

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