High-Performance Computing (HPC) Chipset Market: Current Analysis and Forecast (2021-2027)

High-Performance Computing (HPC) Chipset Market: Current Analysis and Forecast (2021-2027)

The global HPC chipset market is likely to showcase a growth of around 20% during the forecast period. Key factors influencing the growth of the HPC chipset market are the growing usage of mobile around the world, the ability to process large volumes of data with speed and accuracy and allowing high-performance computing in the cloud sector. With the increasing internet and mobile penetration rate in most countries, the data generated all over the world is increasing. The world generated 14.6 quintillion bytes every day in 2021, this number is expected to rise exponentially every year. Most of this data needs to be processed and analyzed to build the most useful and state-of-the-art products and services. Additionally, the ability of high-performance computation chipsets is also encouraging governmental and private organizations to invest in the HPC Chipset market. Thus, creating tremendous opportunities for players in the HPC Chipset Market during the forecast period.

Insights Presented in the Report
"Amongst type, GPU category held prominent market share in 2020”

On the basis of Type, the HPC Chipset market is segmented into GPU, CPU, FPGA, and ASIC. Among these, the GPU segment is expected to witness strong growth during the forecast period. Empowering HPC Chipset in the cloud sector is the most prominent factor driving growth in the HPC Chipset market. Furthermore, A GPU is a computer chip that renders graphics and images by performing quick mathematical and logical calculations, GPUs are used for both professional and personal computing. Initially, GPUs were responsible for the rendering of 2D and 3D images, animations, games, and videos, but now they have a wider use range. Thus, HPC Chipset GPU(s) are preferred over CPU(s) due to their proven computation capabilities in simulation, gaming, 2D 3D graphics rendering, and machine learning. 
"Amongst application, AI & IT category held prominent market share in 2020”

On the basis of application, the HPC chipset market is categorized into AI and IT, automotive, banking, healthcare, and others. Among these AI and IT segments held a significant share of the revenue in HPC chipset market in 2021 and will continue to grow at a steady rate during the forecast period. This is mainly due to the increasing demand for AI products and services. Furthermore, various industry players have increased their investments and are moving towards ai and big data-powered solutions and hence increasing the demand for HPC Chipset chipsets. For instance, The Ohio Supercomputer Center (OSC) is building out a new HPC Chipset cluster for AI applications based on Dell hardware with AMD Epyc processors and Nvidia GPU accelerators. Known as Ascend, the new HPC Chipset cluster is set to launch later in the year 2022 to support AI, machine learning, big data, and data analytics work at the OSC, which is known for public-private partnerships and industrial HPC Chipset.
"North America will dominate the market during the forecast period”

During the forecast period, North America is expected to have a 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 Chipset 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 Chipset 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, Advanced Micro Devices Inc. (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 AMD, 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.

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