MarketResearchReports.biz has announced the addition of a report, titled “High Performance Computing Market: Global Industry Analysis and Opportunity Assessment 2017–2027”. The in-depth study on the global high performance computing market offers detailed assessment of key growth drivers and restraining factors, prominent technology trends influencing the outlook, and the changing ecosystem of competitive landscape. The study also takes a closer look at recent technological advancements, best practices adopted by companies implementing the framework, and imminent investment pockets.
The drive for high performance computing stems from the need for companies to invest in multiples servers spread geographically. The rising investments of companies can be attributed to rising demand for enormous computing abilities for complex applications. The rapid strides being made by high performance computing market is increasingly driven by the rapid advances in various parts of the world, especially in developed economies.
The need for a faster response systems for nee avenues is propelling the adoption of high performance computing by businesses. The rising demand for computing technologies for gaining predictive customer insights by enterprises is a crucial factor fueling the demand for high performance computing in various end-use industries. Several features of such a computing environment underpins the attractiveness of the market. For instance, it doesn’t need any special software and allows for easy integration with the existing systems.
The growing use of high performance computing advanced application programs reliably and quickly is bolstering the rapid expansion of the market. In addition, the growing popularity of HPC in government agencies is a key factor boosting the market. The vast strides being made by data warehouses is also stoking the popularity of high performance computing. The convergence of big data with other advanced technologies is a notable factor expected to unlock several exciting prospects for market players to capitalize on during the assessment period.
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However, the rising risk of cyber security threats is a key bottleneck hampering the prospects of the high performance computing market. The growing complexity of cybercrimes is emerging as key hindrance in the steady expansion of the market. Moreover, the difficulty in detecting data breaches is also a key challenge for businesses in end-user industries. Of the various regions in the high performance computing market, North America is expected to hold sway throughout the assessment period. The prominence of the regional market can be attributed to the presence of several prominent players in the region. Meanwhile, Asia Pacific is likely to contribute a higher share in the global market. The growth of this regional market is fueled by substantial advances in data warehouses and the underlying infrastructure. The rising number of data centers in the region will support the rapid pace of growth of the regional market.