AI Enhanced HPC Market Trends and Forecast
The future of the global AI enhanced HPC market looks promising with opportunities in the analytics for financial service, industrial, visualization & simulation, biological & medical, and earth science markets. The global AI enhanced HPC market is expected to reach an estimated $3.7 billion by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are increasing demand for complex simulations and big data analytics, growth of AI and machine learning applications, and rise in hybrid and multi-cloud environments.
• Lucintel forecasts that hardware accelerated is expected to witness higher growth over the forecast period.
• Within this market, analytics for financial service is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Enhanced HPC Market
• United States: NVIDIA announced the acquisition of ARM to bolster its AI capabilities in HPC, aiming for new supercomputing milestones with government support for AI research.
• China: Baidu unveiled plans to expand its AI chip production for HPC, supported by national initiatives to lead in AI-driven high-performance computing technologies.
• Germany: BMW announced collaborations with local tech firms to integrate AI into their manufacturing processes, aligning with national goals to enhance industrial HPC capabilities.
• India: Tata Consultancy Services set targets to deploy AI-enhanced HPC solutions across sectors, supported by government incentives to advance digital infrastructure and research in AI.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Enhanced HPC Market by Segment
The study includes a forecast for the global AI enhanced HPC market by type, application, and region.
AI Enhanced HPC Market by Type [Value from 2018 to 2030]:
• Hardware Accelerated
• Software Accelerated
AI Enhanced HPC Market by Application [Value from 2018 to 2030]:
• Analytics for Financial Services
• Industrial
• Visualization & Simulation
• Biological & Medical
• Earth Sciences
AI Enhanced HPC Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Ai Enhanced HPC Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI enhanced HPC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI enhanced HPC companies profiled in this report include-
• NVIDIA
• YOTTA
• DELL
• Amazon Web Services
• AMD
• Fujitsu
• Hewlett Packard Enterprise
Recent Development in the AI Enhanced HPC Market
• NVIDIA: AI Computing Center at Cambridge University NVIDIA established an AI Computing Center at Cambridge University, focusing on enhancing AI and HPC research capabilities. The initiative aims to accelerate scientific discovery through advanced computing technologies.
• IBM: Launch of Power10 Processor IBM launched its Power10 processor, designed to integrate AI capabilities into HPC systems. The new processor promises enhanced performance for AI workloads, catering to the growing demand in the AI-enhanced HPC market.
• AMD: Collaboration with Oak Ridge National Laboratory AMD collaborated with Oak Ridge National Laboratory to develop a new supercomputer, Frontier, utilizing AMDÄX%$%Xs EPYC processors and Radeon Instinct GPUs. This partnership aims to advance AI research and applications in HPC environments.
• Intel: Acquisition of Habana Labs Intel acquired Habana Labs, an AI processor company, to strengthen its AI offerings for data centers and HPC applications. This acquisition is part of IntelÄX%$%Xs strategy to expand its presence in the AI-enhanced HPC market.
• Google: Expansion of AI Research in Healthcare Google expanded its AI research in healthcare, focusing on applying AI techniques to HPC for medical research and personalized healthcare solutions. This initiative aims to leverage AI-enhanced HPC to accelerate advancements in healthcare technology.
Features of the Global AI Enhanced HPC Market
Market Size Estimates: AI enhanced HPC market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI enhanced HPC market size by type, application, and region in terms of value ($B).
Regional Analysis: AI enhanced HPC market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI enhanced HPC market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI enhanced HPC market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the AI enhanced HPC market size?
Answer: The global AI enhanced HPC market is expected to reach an estimated $3.7 billion by 2030.
Q2. What is the growth forecast for AI enhanced HPC market?
Answer: The global AI enhanced HPC market is expected to grow with a CAGR of 9.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the AI enhanced HPC market?
Answer: The major drivers for this market are increasing demand for complex simulations and big data analytics, growth of AI and machine learning applications, and rise in hybrid and multi-cloud environments.
Q4. What are the major segments for AI enhanced HPC market?
Answer: The future of the global AI enhanced HPC market looks promising with opportunities in the analytics for financial service, industrial, visualization & simulation, biological & medical, and earth science markets.
Q5. Who are the key AI enhanced HPC market companies?
Answer: Some of the key AI enhanced HPC companies are as follows:
• NVIDIA
• YOTTA
• DELL
• Amazon Web Services
• AMD
• Fujitsu
• Hewlett Packard Enterprise
Q6. Which AI enhanced HPC market segment will be the largest in future?
Answer: Lucintel forecasts that hardware accelerated is expected to witness higher growth over the forecast period.
Q7. In AI enhanced HPC market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI enhanced HPC market by type (hardware accelerated and software accelerated), application (analytics for financial services, industrial, visualization & simulation, biological & medical, and earth sciences), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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