The Global Supercomputer Market is subject to witness a substantial growth at a CAGR of 8.65% due to the shifting trend towards high-performance computing, increasing demand for high computing devices to process large chunks of data and growing requirement of high processing speeds. Supercomputer is capable of processing large chunks of data in small duration of time and efficiently. These factors are expected to fuel market demand for supercomputers over the forecast period.
Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the supercomputer market. The recent technological advancements in electronic sector coupled with integration of Linux-based operating systems are expected to foster the market growth in upcoming years. Growing requirement for high processing speed to process large chunks of data is anticipated to boost market growth as well. In addition, introduction of big data technology and data centers are predicted to favor the market growth during the forecast period. Increasing amount of data availability has led to advancement in parallel processing units in the last decade. Moreover, normal computers are not capable to process these chunks of data, which makes their processing speed slower.
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A supercomputer has capability to access and process larger amounts of data in a faster and efficient way by using parallel processing unit. Evolution of big data technology and high-end demand for faster processing rates by large-scale organizations is expected to amplify market demand for supercomputers over the next seven years. In addition, rising focus towards development of higher problem-solving and high-performance computing solutions is propelling the growth of supercomputer market, in the recent years.
By processing large chunks of data available, supercomputers are capable of predicting extreme weather conditions and natural disasters. Weather forecasting can be carried out by constantly monitoring weather, thus preventing loss of life during natural disaster such as cyclones, hurricanes, tornados, and earthquakes. These factors are critical for robust market growth of supercomputer industry over the forecast period. Supercomputer are also used for research & development of advanced weapon systems such as missiles. Use of supercomputers helps to reduce cost of defense system by curbing time required during the design cycle. Computerized simulation allows reduction of expensive and destructive-live experiments. Increasing investment by both local as well as private bodies for development of compact supercomputers is expected to offer lucrative growth opportunities for industry players over the forecast period.
The market is broadly categorized into five major segments based on the type of application such as weather forecasting & aerodynamic research, probabilistic analysis, brute force code breaking, 3D nuclear test simulations, and molecular dynamics simulation. The weather forecasting & aerodynamic research is considered as one of the faster growing segment in the supercomputer market with substantial revenue generation in the last couple of years. Growing popularity of the supercomputers in the weather forecasting & aerodynamic research segment is attributed to the prevention of loss of life during natural disaster such as cyclones, hurricanes, tornados and earthquakes.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in electronic sector, favorable government policies, and existence of well-established infrastructure. Asia-Pacific region is predicted to hold major market share in the supercomputer market with massive growth in forecast period.
Countries such as India, China, South Korea and Japan are leading the Asia-Pacific market with strong economic growth, availability of skilled workforce, modernization of defense sector, increasing funding by regional governments, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the supercomputer market are Atos SE, Cray Inc., Dell Co., FUJITSU Co., Hewlett Packard Enterprise Development Inc., IBM Co., Lenovo Inc., NEC Co., Silicon Graphics International, Inc., and Dawning Information Industry Co., Ltd.
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The market is divided into the following segments based on geography:
Global Supercomputer Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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