HPC Chipset Market is expected to foresee significant growth. North America to lead the growth!
- Himanshu Patni
- May 21, 2022
- NEWS, TELECOM & IT
- HPC Chipset Market, HPC Chipset Market growth, HPC Chipset Market share, HPC Chipset Market size
- 0 Comments
High-Performance Computing (HPC) Chipset Market is expected to grow at a CAGR of around 20% during the forecast period (2021-2027). HPC refers to the practice of aggregating computing power in such a way that delivers much greater performance than traditional desktops, workstations, and servers. HPC is like everyday computing, but more powerful. Furthermore, it is a way of processing immense volumes of data at very high speeds using multiple computers and storage devices. Moreover, HPC makes it possible to process, upload, download, and analyze data and information related to science, engineering, and business at a very high speed. Furthermore, HPC is also now used in industries to enhance products, reduce the cost of production and decrease development time for new products. As the industry’s ability to collect and store data increases the demand to analyze and process the data at a faster rate in order to derive meaningful results would promote the usage of HPC systems. In addition, to put it into perspective, a computer with a 3 GHz processor can perform around 3 billion calculations/second. While HPC can perform quadrillions of calculations/seconds.
For a detailed analysis of the market, drivers browse through – https://univdatos.com/report/high-performance-computing-chipset-market/
Major processor/chipset manufacturer companies in the market are continuously working on developing more advanced HPC chipsets to provide more computation power to the customers. For instance, Taiwan Semiconductor Manufacturing Company (TSMC) has announced its new N4X process technology which is aimed at HPC chipsets. It is all set for trial production in the first half of 2023. Moreover, the N4X design is an improvement of its N5A, improving upon its performance and maximum clock frequencies.
The major factors driving the growth of the market include the need for high-speed data processing and analysis with accuracy, the rise of AI and big data-based solutions, and increasing mobile and internet penetration. The increasing user, research, and other types of data is directly influencing the need for the HPC chipset because research organizations, governments, and other organizations are able to find meaningful insights from the data. However, most organizations are not able to generate results because of the lack of enough computation power. Hence, an HPC chipset is the answer for those organizations.
For a detailed analysis of the market segments browse through – https://univdatos.com/report/high-performance-computing-chipset-market/
Based on Type, the market is segmented into GPU, CPU, FPGA, and ASIC. GPU segment possessed a significant share of the revenue in the market in 2020 and is anticipated to grow at a prominent growth rate during the forecast period due to its ability to push vast volumes of processed data through a workload, speeding up specific tasks. In addition, GPUs are specialized processing cores that can be used to speed up computational processes.
On the basis of application, the market is categorized into AI and IT, automotive, banking, healthcare, and others. AI and IT segment held a prominent share of the revenue in the high-performance computing chipset market in 2020 and is expected to continue the same trend during the forecast period. Due to the rise of artificial intelligence, the healthcare, information technology, academics, research, banking, and defense sectors have been revolutionized which has further triggered the need for an HPC chipset because AI has the ability to save time and resources by automating and optimizing routine processes and tasks.
Request for Sample of the report browse through – https://univdatos.com/get-a-free-sample-form-php/?product_id=20220
During the forecast period, North America is expected to have the higher CAGR due to ongoing digitalization and growing consumer inclination toward HPC chipset, which have fueled its demand. This has also forced developing countries like China and India to focus on HPC chipsets and deal with greater problems with the help of AI and data. Moreover, in the defense sector and aerospace, the companies are highly emphasizing increasing production with reducing the cost. In addition, the solutions of HPC allow companies to provide precise, quick, and accurate simulation by leveraging the design phase simulation, and physical testing cutting off. Furthermore, with the existence of key players in the market, including, HPE, NVIDIA, IBM, AMD, and Intel the demand for high-performance computing in the region is likely to experience significant growth.
Some of the major players operating in the market include Advanced Micro Devices Inc., Intel Corporation, Hewlett Packard Enterprise, Dell Technologies, International Business Machines Corporation, Lenovo (Beijing) Limited, Fujitsu Limited, Cisco Systems Inc., Nvidia Corporation, Taiwan Semiconductor Manufacturing Company Limited among others.
HPC Chipset Market Segmentation
Market Insight, by Type
Market Insight, by Application
- AI and IT
Market Insight, by Region
- North America HPC Chipset Market
- Rest of North America
- Europe HPC Chipset Market
- Rest of Europe
- Asia-Pacific HPC Chipset Market
- South Korea
- Rest of Asia-Pacific
- Rest of World HPC Chipset Market
Top Company Profiles
• Advanced Micro Devices, Inc. (AMD)
• Intel Corporation
• Hewlett Packard Enterprise
• Dell Technologies
• Lenovo (Beijing) Limited
• Fujitsu Limited
• Cisco Systems Inc.
• Nvidia Corporation
• International Business Machines Corporation
• Taiwan Semiconductor Manufacturing Company Limited