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Computing Market Size, Share, Growth, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2019 To 2025

  1. Published: February, 2019
  2. Format: Electronic (PDF)
  3. Number of pages: 70
  4. Industry: Next Generation Technologies

The global computing market is expected to witness remarkable growth in the years to come owing to growing need for efficient computing, enhanced scalability, and consistent storage. Speed and performance are crucial in order to access databases, web data, and financial data, and perform various applications. Organizations in different sectors need to resolve complex problems and calculations efficiently. Growth of the IT sector is considered to be one of the key driving factors in the market as information technology has become an essential part of business operation.

Moreover, growth of big data has increased the demand for systems that can manage data-intensive workloads. High performance computing (HPC) clusters are the systems that can handle large volumes of data efficiently and support high performance data analysis. Enhanced data gathering technology and applications need high processing power and speed to analyze the data. In addition, rising popularity of cloud computing and increasing digitization can create growth opportunities for the market.

Emergence of exascale computing is expected to create several opportunities for the market. The exascale technique has the ability to perform quintillion calculations per second. In addition, it offers advanced simulation and modeling solutions that can resolve issues related to energy, scientific discovery, economic competitiveness, and natural security. Supercomputing needs high-performance bandwidth and memory capacity to process a large volume of data efficiently. The exascale computing completes both these requirements. For instance, Atos announced the launch of its new High-Performance Computing Test Lab in Angers. It will provide an opportunity for the company’s HPC customers to test their supercomputing equipment under real settings. This test lab supports both the companys’ and its clients’ work to develop ‘exascale’ supercomputers and research on quantum computers.

Computing systems find their application in numerous end-use industries, such as banking, financial services and insurance (BFSI), media and entertainment, gaming, transportation, government and defense, retail, education and research, manufacturing, and healthcare and bioscience. Manufacturing is anticipated to witness substantial growth in the years to come. Manufacturing processes are time consuming and computation-intensive. Hence, professionals of the manufacturing industry adopt simulation and CAD software, along with high performance computing systems. These systems can be used for computational fluid dynamics, computational electromagnetics, and computational structural mechanics.

These systems can be deployed on cloud or on-premises. On-premises deployment is preferred by the governments due to their concerns regarding securing the data related to national security as well as citizen’s personal data. Many organizations are also concerned about data security. Cloud deployment is anticipated to expand at a high CAGR in the coming years owing to its enhanced efficiency, flexibility, and cost-effectiveness. Moreover, the platform helps the organizations in reducing their operational costs, as they don’t need to invest in any additional computing resource.

North America is one of the strong regional markets due to presence of key market players and high adoption of new technologies. Growing need for processing large volumes of data and rising security concerns are boosting the adoption of HPC in the region.

Asia Pacific is anticipated to emerge highly lucrative in the coming years on account of increasing implementation of HPC system for weather forecasting, scientific research, and other applications. China is among the top countries, which are leading the HPC market. Additionally, the country is home to supercomputers, such as Sunway TaihuLight and Tianhe-2 (Milkyway-2).

Some of the leading companies operating in the computing market include Cisco Systems, Inc.; Cray Research, Inc.; Dell Technologies, Inc.; Advanced Micro Devices, Inc. (AMD); and Atos SE.

Most companies are taking up strategies, such as collaborations, and mergers and acquisitions, to deliver enhanced cloud computing services and gain traction in the market. For instance, Atos SE formed a partnership with Google Cloud to deliver secure cloud solutions to the enterprises and improve digital transformation.

For instance, RSC Group introduced RSC Tornado based HPC solution. It will feature the latest Intel Optane SSD P4800X M.2 Series and Intel SSD DC P4511 (NVMe, M.2) with Intel Memory Drive Technology (IMDT). The solution offers improved efficiency and memory-and-storage density to the HPC community.

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