High Performance Computing Market Size & Share, by Components [Solutions (Servers, Storage, Others), Services (Design & Consulting, Integration & Deployment, Others)]; Deployment (Cloud, On-Premises); Organization Size (Small & Medium Enterprises, Large Enterprises); Server Price Band (USD 250,000 to 500,000 and Above, USD 250,000 to 100,000 and Below); Application (BFSI, Earth Science, Education & Research) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

Growth Drivers

• Growing investment in IIoT - Industry IoT has grown much popular recently owing to its various functionality. Businesses are able to optimize their processes by utilizing industrial IoT apps, which provide previously unheard-of visibility into operations. Devices and sensors may maintain an eye on a variety of things, including production output, energy usage, and machine performance. 
  
  Moreover, productivity gains are being fueled by IIoT applications. Proactive maintenance is rendered possible by real-time data, which also reduces waste and downtime. Since predictive analytics may predict problems before they arise, prompt interventions are made possible. Routine tasks may be automated to increase employee productivity and free up staff time for more strategic, value-adding work. As a result, there has been surge in investment in industry IoT.
  
  However, the Internet of Things (IoT) generates massive amounts of data every second, making it difficult for businesses to collect and process this data efficiently. Therefore, the need for high performance computing is surging.
• Surge in prevalence of COVID-19 cases - Surge in cases of COVID-19 though had negative impact on other industries, it showed positive response for the high performance computing market to grow. This was caused by the rise in the need for computer resources in drug development, biomedical research, and epidemiological modelling.
  
  In addition, great-scale dataset analysis and the simulation of complex biological processes associated with the coronavirus were made possible in a significant manner by HPC. To meet the needs of data-intensive research, the pandemic also accelerated the development of enhanced software tools and cutting-edge high-speed computing architecture.
• Rising need for high computing in automotive - High-performance computing (HPC) for cars is an optimized version of HPC designed in order to meet the computational power and software compatibility requirements of the manufacturing industry for automobile. A significant amount of computational performance is needed for the software-enabled precise engineering that goes into making a modern car. HPC can provide the necessary processing capacity at any level of the process, from feature testing to safety simulation and design.
  
  Additionally, when used effectively, high-performance computing (HPC) may significantly speed up the design phase of automobile manufacture. This allows for more iterations to optimize the car and minimizes the requirement for testing physical models and prototypes. Therefore, with the growing demand for automotive the market is estimated to observe growth.

Challenges

• Surge in risk of cyber attack - Concerns about cyber security are also increasing as more organizations employ HPC systems, which presents serious issues with data security. Due to its nature, HPC is vulnerable to a variety of security risks. For instance, if HPC is a key component of the security system in an airport, it also becomes a major target for cyberattacks.
  
  Moreover, since HPC environments are clustered, numerous security risks might affect them. Multiple management systems are necessary for the operation of clustered HPC systems due to their heterogeneity. Vulnerabilities remain unresolved as a result of the adoption of security rules and security management procedures being slowed down. Therefore, it is predicted that security concerns will limit the high performance computing market's growth.
• The costs involved in developing, maintaining, and implementing advanced HPC systems are significantly higher which may impede market growth.
• Lack of skilled workers to manage high performance computing.