Strong Demand for High Processing Power to Raise the Sales of Supercomputers

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As per a new study by Fact.MR, a provider of market research and competitive intelligence, the global supercomputer market is set to garner US$ 19 billion by 2033, expanding at a 10.5% CAGR from 2023 to 2033.

A supercomputer can execute high-level processing at a quicker rate than a regular computer. It typically contains many processors, which results in faster circuit switching, allowing a user to access and process a huge amount of data in less time.

Due to the outbreak of COVID-19, there has been an enormous increase in demand for data centers, ML, and AI, among businesses, particularly those in the private and public sectors of government and education, boosting the demand for supercomputers. This is expected to continue during the forecast period, increasing the influence and importance of supercomputers throughout a variety of end-user industries.

The global supercomputer market is rapidly expanding due to numerous benefits and features such as high processing power, addressing complicated issues, and increased safety. The main reason for the growing demand for supercomputers is the high processing power. Supercomputers are ten times faster at computing and processing complicated issues than ordinary computers.

Moreover, increasing innovation and development by key firms are accelerating market growth. For example, NVIDIA launched Cambridge-1 in July 2021, which is the United Kingdom’s most powerful supercomputer, allowing leading healthcare experts and scientists to use a perfect blend of AI and simulation to speed up the digital biology revolution and drive the country’s life sciences industry.

The high cost of installation is a significant impediment to market growth. Supercomputers are ten times more expensive than standard computers and have a high maintenance cost since professional workers are required to oversee and operate a supercomputer. Aside from the expensive cost, it has drawbacks such as physical size, heat release, power consumption, and maintenance.

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Key Takeaways from Market Study

·        The global supercomputer market is valued at US$ 7 billion in 2023.

·        The market is projected to achieve US$ 19 billion by 2033.

·        Worldwide demand for supercomputers is estimated to advance at a CAGR of 10.5% from 2023 to 2033.

·        Asia Pacific accounted for 46% share of the worldwide supercomputer market in 2022.

·        The government entities segment is anticipated to exhibit a CAGR of 9% during the forecast period.

“Increasing demand for high processing power is a major factor driving the supercomputer market. Moreover, the growing use of supercomputing systems by various government entities is a crucial element boosting market growth,” says a Fact.MR analyst

Winning Strategy

Key market participants are collaborating to develop more powerful and advanced supercomputers.

·        Hewlett Packard Enterprise (HPE) revealed in May 2022 that it is constructing a powerful new AI supercomputer in collaboration with Cerebras Systems. The new system will be comprised of Cerebras CS-2 accelerators and HPE Superdome Flex servers driven by the massive Wafer-Scale Engine 2 (WSE-2) processor.

Supercomputer Market

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