High-performance Computing (HPC) Market

[206 Pages Report] The High performance computing (HPC) market is expected to grow from USD 36.0 billion in 2022 to USD 49.9 billion by 2027, at a CAGR of 6.7%. The market growth can be attributed to several factors, such as increasing demand for Cloud based HPC in applications such as media & entertainment.

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Market Dynamics of High performance Computing (HPC)

Driver: Increasing demand for high-performance computing (HPC) systems in genomics research

According to MarketsandMarkets analysis, the high performance computing (HPC) market is expected to grow from USD 36 billion in 2022 to USD 49.9 billion by 2027, at a CAGR of 6.7% between 2022 and 2027.

Genomics research enables researchers to analyze and identify genetic variants associated with various diseases and their responses to treatments. Genomic sequencing helps detect all types of genetic variations across the entire genome. HPC systems have increased the speed, accuracy, and reliability of genomic research by efficiently analyzing a large amount of sequencing data. The advent of Next-Generation Sequencing (NGS) technologies has allowed the investigation of multiple areas of human health through different omics techniques.

Restraint: Cyber security concerns

With the growing use of HPC systems, concerns regarding cyber security are also rising as several entities access HPC systems, making data security a major concern. The nature of HPC exposes it to multiple potential security threats. For instance, in an airport, if HPC is an integral part of the security system, it also becomes the prime target for cyberattacks. Furthermore, HPC environments are clustered, making them vulnerable to many security threats. Since clustered HPC systems are heterogeneous, they require multiple management systems to operate. This slows down the implementation of security policies and security management processes; as a result, vulnerabilities are not remediated. Thus, security concerns are expected to restrain the growth of the HPC market.

Challenge: Limited budgets of SMEs

The potential users in many SMEs lack awareness about the benefits of HPC and do not have the budget to set up such systems. SMEs in many developing countries are still skeptical about adopting HPC due to the high investment costs involved. Many of them are unaware of HPC’s various advantages, such as high performance and customizable delivery. However, cloud computing can boost the use of HPC among SMEs, as it will considerably cut down the costs for them.