Supercomputer Market - Segmented By Type, End-user Industry, and Region - Growth, Trends, and Forecast (2018 - 2023)
The supercomputers market is expected to register a CAGR of over 9.12% during 2018 - 2023 (the forecast period).
The scope of this report is restricted to the supercomputer market, segmented by type (vector processing machines, tightly connected cluster computer, commodity computers) and end-user sectors (government, commercial, and research). A supercomputer can perform high-level processing at a faster rate, when compared to a normal computer. It generally has multiple processors, which result in faster circuit switching. This enables a user to access a large amount of data and process it in a lesser time. The supercomputer market has been segmented by type, end-user, processors, and region. It is used in weather forecasting, defense, and medical sciences. Supercomputers are developed by companies, like Atos SE, Cray Inc., Dell, FUJITSU, Hewlett Packard Enterprise Development LP, and IBM, among others.
The Need to Process Huge Data in Less Time is driving the Market
With technological advancements, the amount of data availability is increasing, exponentially. It takes a lot of time for many normal computers to process huge amount of data together. A supercomputer can alone access and process huge amount of data in a faster and easier way, as it consists of parallel processing. As there is a rush for faster processing rates by different organizations, the ability of faster processing, higher problem-solving ability, and high-performance computing capability is driving the supercomputer market growth.
Supercomputers Finding Applications in Weather Forecast and Defense Research
Supercomputers can predict weather conditions and natural disasters by constantly monitoring and prevent loss of life caused due to natural disasters, such as cyclones, hurricanes, tornados, and earthquakes, among others. It is also used in defense research in developing various weapons, such as missiles. It reduces the cost of defense system by shortening the design cycle and reducing reliance on expensive and destructive-live experiments. Due to this, governments of various countries are investing in developing supercomputers.
Asia-Pacific a Major Market
Due to the rising trend of accessing and processing huge amount of data at faster rates and extending applications in various fields, such as weather forecasting, defense research, and medical applications, many countries across the world are investing in the development of supercomputers. The major contribution in investment and development is from countries in Asia-Pacific, with countries like India and China investing heavily in the technology landscape. Thus, Asia-Pacific is projected to be the major market for supercomputers.
Key Developments in the Market
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