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Supercomputer Market to be Driven by the Development of Smart Cities Through 2021, Says TechnavioAccording to the latest market study released by Technavio, the global supercomputer market is expected to reach USD 4.95 billion by 2021, growing at a CAGR of 7%. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170120005015/en/ 
Technavio has published a new report on the global supercomputer market from 2017-2021. (Graphic: Business Wire) This research report titled 'Global Supercomputer Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. To calculate the market size, Technavio considers the installation and sale of supercomputer systems from end-users like government entities, research institution, and commercial industries. Supercomputers are being rapidly adopted by research and academic institutions, as well as a number of industries such as energy, oil and gas, manufacturing, and others to help improve product offerings in terms of reliability and robustness. Many vendors are also aiming to offer converged, high-performance technology solutions. This trend, which is growing significantly, will drive the market growth during the forecast period. Request a sample report: http://www.technavio.com/request-a-sample?report=55930 Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more. Technavio's hardware and semiconductor analysts categorize the global supercomputer market into three major segments by end users. They are:
Governments worldwide are recognizing the need for supercomputers due to the growing importance of economic competitiveness and security, which are key concern areas for a nation. They are also using such systems to develop advanced defense systems and electronic warfare tools. The US government to compete with China in terms of the fastest supercomputers, coordinated a federal strategy in 2015 for HPC research, development, and deployment. According to Chetan Mohan, a lead embedded systems research analyst from Technavio, "Three major government entities that collaborated for this program were the Department of Energy, the Department of Defense, and the National Science Foundation. The program would accelerate R&D activities in several fields across the government, industrial, and academic sectors." Research institutions Research institutions, both government-aided and private, have been using supercomputers for the longest period. Space agencies have been using such systems to study and understand the complexities of the universe by creating simulated models based on complex calculations and assumptions. CERN, the European Organization for Nuclear Research, operates the largest particle physics laboratory in the world and undertakes extensive research in the field of particle physics such as the recent creation of a black hole environment in the lab. Also, leading universities use supercomputers to carry out research projects in fields such as biotechnology and engineering. The data processing in genetics involves thousands of factors which have to be processed, in such a situation supercomputers are the best choice. Commercial industries The commercial industries segment is lagging behind government entities and research institutions in terms of the adoption and use of supercomputers. Initially, only large enterprises such as Tata Group had resources to purchase supercomputing systems. The company had installed its first supercomputer Eka in 2007. However, market players brought these systems within reach of SMEs by developing mid-sized and small supercomputers. "Enterprises are also collaborating with government entities. For instance, companies in the US can make use of investments and expertise in supercomputers through programs operated by some of the nation's NSF-funded universities and Department of Energy laboratories," says Chetan. The top vendors highlighted by Technavio's research analysts in this report are: Browse Related Reports:
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they're published in addition to all 6,000+ existing reports covering segments like computing devices, displays, and lighting. This subscription nets you thousands in savings, while staying connected to Technavio's constant transforming research library, helping you make informed business decisions more efficiently. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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