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Supercomputer Market to grow by USD 33.46 Billion from 2024-2028, driven by commercial adoption of supercomputing systems, Report on AI’s impact on market evolution – Technavio

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NEW YORK, Dec. 6, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global supercomputer market size is estimated to grow by USD 33.46 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 28.54% during the forecast period. Commercial customers increasingly adopting supercomputing systems is driving market growth, with a trend towards growing use of cloud. However, high ownership cost and large power consumption increases total cost poses a challenge. Key market players include Advanced Micro Devices Inc., Apple Inc., ASUSTeK Computer Inc., Atos SE, Cerebras, CoreWeave, Dell Technologies Inc., Ford Motor Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Lenovo Group Ltd., Meta Platforms Inc., Microsoft Corp., NVIDIA Corp., Renesas Electronics Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Supercomputer Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 28.54%

Market growth 2024-2028

USD 33458.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.8

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 54%

Key countries

China, US, Japan, UK, and France

Key companies profiled

Advanced Micro Devices Inc., Apple Inc., ASUSTeK Computer Inc., Atos SE, Cerebras, CoreWeave, Dell Technologies Inc., Ford Motor Co., Fujitsu Ltd., Hewlett Packard Enterprise Co., Hitachi Ltd., Intel Corp., International Business Machines Corp., Lenovo Group Ltd., Meta Platforms Inc., Microsoft Corp., NVIDIA Corp., Renesas Electronics Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG

Market Driver

Supercomputing centers are partnering with cloud providers like Microsoft Azure to expand their market reach. Cray’s collaboration with Microsoft allows access to Azure’s customer base and offers dedicated Cray supercomputers for HPC and AI applications. This arrangement caters to users seeking cloud flexibility and broadens the market for supercomputing, particularly in the private sector, including automotive, financial services, and life sciences. Microsoft Azure data centers will host Cray systems, with direct customer contracts for support and maintenance. Such collaborations are expected to increase as supercomputer vendors explore new markets. 

The supercomputer market is experiencing significant growth due to the increasing demand for advanced computing solutions. Genomics, deciphering complex data, and artificial intelligence are key areas driving this trend. Cloud computing and compositing are also important technologies shaping the market. The use of vector processing and parallel processing units is becoming more common. Operating systems like Linux and OpenPascal are popular choices for supercomputer environments. The market is competitive with companies focusing on delivering high-performance computing solutions. The future of supercomputing lies in its ability to handle large datasets and complex calculations, making it an essential tool for various industries. 

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 Market Challenges

The supercomputer market faces challenges due to substantial costs associated with ownership and maintenance. These costs include installation, power consumption, and annual maintenance. Supercomputers can cost between USD100 million and USD300 million, with energy consumption averaging 6-7 megawatts and peaking at 9.5 megawatts, leading to an annual energy cost of USD6-7 million. Location, size, cooling solutions, square footage, redundancy, data center complexity, and interconnect network type significantly impact costs. These factors may hinder market growth during the forecast period.The supercomputer market faces several challenges in the current climate. Decision-making processes require massive computational power, driving demand for advanced technologies. However, cost and complexity are significant barriers to adoption. Consumers seek cloud-based solutions for affordability and ease of use. Depreciation rates are high, making investments a risk. Technical expertise is essential for implementation and maintenance. Additionally, data security and privacy concerns persist. Despite these challenges, the market continues to grow, driven by advancements in artificial intelligence and machine learning. Companies must innovate to meet consumer demands and overcome these hurdles.

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Segment Overview

This supercomputer market report extensively covers market segmentation by 

OS 1.1 Linux1.2 UNIX1.3 Mixed1.4 WindowsEnd-user 2.1 Government entities2.2 Scientific research and academic institutions2.3 Commercial industriesProcessor Type3.1 Intel3.2 IBM (Power)3.3 AMD3.4 OthersGeography 4.1 APAC4.2 North America4.3 Europe4.4 South America4.5 Middle East and Africa

1.1 Linux- Linux is the dominant operating system in the supercomputer market due to its ability to support various hardware architectures and platforms, superior hardware driver quality, and open-source nature. Supercomputer vendors prefer Linux for its cost-effectiveness, ease of integration, and extensive software packages. Linux’s scalability, reliability, flexibility, and ease of use further enhance its appeal. The absence of licensing fees and the ability to add or remove networking devices without rebooting also contribute to its popularity. Linux’s security features are an added advantage, making it a preferred choice for the supercomputer industry.

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Research Analysis

The Supercomputer Market is experiencing significant growth due to the increasing demand for advanced Data Sets and Analytics workloads. Cloud-computing and Platform-as-a-Service (PaaS) solutions are driving this trend, enabling enterprises to access Higher Processing Power on-demand. Supercomputers, powered by Linux and Unix operating systems, are essential technology-based solutions for managing and analyzing large Data Sets. These systems are crucial for Decision-making processes in various industries, including CT scanning and Vector processing machines. Investments in Research and Development activities continue to fuel innovation, leading to the development of more powerful and efficient supercomputers. Cloud Computing is also playing a pivotal role in making supercomputing capabilities more accessible and cost-effective for businesses.

Market Research Overview

The supercomputer market encompasses the design, development, and deployment of high-performance computing systems capable of processing complex data and performing large-scale simulations. These systems are essential for various industries, including finance, healthcare, and research, to analyze massive datasets and make informed decisions. The market is driven by advancements in technology, such as the integration of artificial intelligence and machine learning, and the increasing demand for data-intensive applications. Additionally, the growing trend towards cloud computing and the adoption of hybrid computing solutions are shaping the market’s growth trajectory. The market is expected to witness significant growth in the coming years due to these factors and the continuous development of more powerful and efficient supercomputers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

OSLinuxUNIXMixedWindowsEnd-userGovernment EntitiesScientific Research And Academic InstitutionsCommercial IndustriesProcessor TypeIntelIBM (Power)AMDOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Tech Mahindra Announces Integration with ServiceNow to Deliver GenAI-powered Enterprise Service Management Solutions

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PUNE, India and SEATTLE, Dec. 12, 2024 /PRNewswire/ — Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, announced integration with ServiceNow to drive enterprises into the GenAI era with One E2E Platform, an end-to-end enterprise service management solution. The platform by Tech Mahindra will enable businesses to enhance operational efficiency and competitiveness by integrating GenAI capabilities into their business-critical processes and modernizing infrastructure to be future-ready. 

The collaboration will combine Tech Mahindra’s global domain expertise with capabilities from the ServiceNow platform, focusing on joint go-to-market (GTM) strategies and accelerating digital transformation for global enterprises. The One E2E Platform will facilitate operational efficiencies through Tech Mahindra’s netOps.now offering an AI accelerator on the ServiceNow Store. It will integrate advanced analytics, GenAI, and automation capabilities to enable businesses to optimize their network operations, leading to business growth. The joint offering will strengthen enterprises’ existing capabilities and build contextualized solutions across communications, manufacturing, BFSI, and healthcare industry verticals.

Atul Soneja, Chief Operating Officer, Tech Mahindra, said, “Businesses are grappling with multiple challenges in their digital transformation journey, such as technological advancements and cost reduction while improving service quality. By integrating GenAI with our industry expertise, we aim to tackle these issues and enhance customer experiences through our One E2E Platform. Together with ServiceNow, we are set to redefine how enterprises thrive in the digital age.”

As part of this partnership, Tech Mahindra aims to increase its ServiceNow certifications by twofold within 12 months through the ServiceNow Enterprise Learning Agreement. This learning initiative will provide its workforce with free certification, helping them be future-ready.

Erica Volini, SVP Global Partnerships and Channels at ServiceNow, said, “We are thrilled to partner with Tech Mahindra to enable business transformation for today’s digital-first world. Our collaboration is critical in bringing the power of AI to organizations across India. Combining Tech Mahindra’s deep experience in telecom and industry expertise in multiple domains, we are well-positioned to provide advanced solutions to our customers jointly.”

Ahlstrom, a global leader in fiber-based materials manufacturing, has been successfully leveraging Tech Mahindra’s ServiceNow offerings to utilize data-driven insights, optimize workflows, and enhance service delivery.

Tuna Özcer, Service Manager for End User Care, Ahlstrom OYJ, said, “Over the past decade, Tech Mahindra’s ServiceNow expertise has been instrumental in helping Ahlstrom overcome IT challenges, seize opportunities, and achieve remarkable success. ServiceNow is one of the core platforms that run our IT services. We are grateful for the trust and collaboration that have defined our journey and the significant milestones we have reached with the ServiceNow platform.”

As a member of the ServiceNow Partner Program, Tech Mahindra delivers an end-to-end digital workflow platform to elevate customer experience. By strengthening domain expertise and engineering capabilities through joint investments, Tech Mahindra and ServiceNow will empower organizations worldwide, fostering long-term growth and success in an increasingly digital landscape.

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Wirex Expands UK Card Offering with the Launch of Visa Platinum Card

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LONDON, Dec. 12, 2024 /PRNewswire/ — Wirex, a leading Web3 money app, is excited to introduce the Visa Platinum card for its UK customers, offering a range of Wirex-sourced exclusive benefits that are in addition to the suite of card benefits offered by Visa.

Available as both a virtual and physical card, this new Visa Platinum card provides its cardholders with premium features when the card is used at Visa-accepting retailers, including up to 8% cash back on all purchases, special offers at Visa-accepting retailers, and discounts on car rentals with Sixt Car Rental.

In addition, cardholders benefit from a multi-currency account, access to Wirex’s award-winning loyalty platform, and market-leading interbank exchange rates for seamless international transactions.

With no annual fees and flexible spending limits, the Visa Platinum card enhances the Wirex ecosystem by offering secure, contactless payment capabilities and advanced fraud protection.

Pavel Matveev, Co-founder of Wirex, commented: “We’re proud to expand our partnership with Visa and bring the premium benefits of the Visa Platinum card to our UK customers. This launch is a significant step in our mission to offer more innovative and flexible payment solutions. With Wirex, users can easily spend both fiat and digital assets in their everyday purchases, whether at home or abroad.”

Cuy Sheffield, Head of Crypto, Visa, added: “Visa is committed to providing consumers with convenient, secure and rewarding payment solutions. We are excited to work with Wirex on the launch of the Visa Platinum card in the UK. This card empowers cardholders to effortlessly manage and spend their money, enabling them to harness the potential of blockchain technology and digital currencies.”

Wirex offers a unique dual-issuer status, giving its global customers access to a broader range of payment solutions.

This launch underscores Wirex’s ongoing commitment to providing world-class payment options that integrate the best of both fiat and digital currencies.

Disclaimer:

All cardholder benefits are provided through Wirex.

Case studies, statistics, research and recommendations are provided “AS IS” and intended for informational purposes only and should not be relied upon for operational, marketing, legal, technical, tax, financial or other advice. Visa Inc. does not make any warranty or representation as to the completeness or accuracy of the information within this document, nor assume any liability or responsibility that may result from reliance on such Information. The Information contained herein is not intended as legal advice, and readers are encouraged to seek the advice of a competent legal professional where such advice is required.

About Wirex 

Wirex is a prominent UK-based digital payments platform with over 6 million customers spread across 130 countries. It offers secure accounts, making it easy for users to store, purchase, and exchange multiple currencies seamlessly.  As a principal member of both Visa and Mastercard, Wirex goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Having processed transactions totalling $20 billion, Wirex aims to contribute to the adoption of a cashless society by facilitating straightforward transactions in various currencies worldwide. Wirex is simplifying digital payments, making it more accessible and convenient for people across the globe.

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BPC Instruments receives orders of 1,1 MSEK for newly launched BPC Air

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LUND, Sweden, Dec. 12, 2024 /PRNewswire/ — BPC Instruments AB (publ) (“BPC”) is pleased to announce orders from KTH Sweden and University of Texas USA, totaling 1,1 MSEK. These orders include the newly launched BPC® Air, along with BPC’s flagship product, Gas Endeavour® III. The BPC® Air, an advanced air incubator, which features both cooling and heating capabilities, was introduced in the second quarter of this year. It is specifically designed to complement BPC’s respirometer systems, such as BPC® Blue, Gas Endeavour® and AMPTS® III, accommodating diverse incubation temperature requirements for microbial incubation, including biogas production and biodegradability assessment.

CEO Dr. Jing Liu comments:

“When we launched the BPC® Air earlier this year, our ambition was to deliver an incubator that simplifies workflows and improves analytical precision. With its capability to accurately replicate testing environments, the BPC® Air has set a new benchmark for reliability and performance, all while minimising energy consumption. Since its introduction, we’ve seen a growing demand for the features of this instrument and we are currently exploring additional applications for its technology. We are truly grateful for the trust and confidence of esteemed institutions such as KTH, University of Texas, and our early client, RISE Sweden, who recognise the value of this innovation in driving their research efforts.”

Project application at KTH

KTH will use the BPC® Air in its “Cold-Adapted Biorefinery Concept” project, which aims to develop energy-efficient and carbon-neutral methods for waste valorisation. The BPC® Air will maintain the precise temperature conditions required for the project’s specialised microbial respiration batch test assays, thus supporting research into innovative waste-to-energy solutions.

The revenue from the 1.1 MSEK orders placed by KTH and the University of Texas is expected to be recognised in the fourth quarter of this year.

About BPC® Air

BPC® Air is an innovative air incubator seamlessly integrating with BPC Instruments’ latest respirometer systems, establishing a unified testing platform for all microbial respiration batch test assays. The BPC® Air provides diverse incubation temperature requirements essential for biogas production and biodegradability assessments. For more information about BPC® Air, visit the BPC product page at BPC Instruments’ website or contact the sales team at sales@bpcinstruments.com.

For more information, please contact:

Dr. Jing Liu, CEO
BPC Instruments AB
Tel: +46 (0) 46 16 39 51
E-mail: ir@bpcinstruments.com

About BPC Instruments AB

BPC Instruments is a global Swedish-based pioneering technology company developing and offering analytical instruments enabling more efficient, reliable, and higher quality research and analysis for industries in renewable bioenergy and environmental biotechnology. The result is not only higher accuracy and precision, but also a significant reduction in time consumption and labor requirement for performing analysis. BPC Instruments’ innovative products offer high-quality hardware and software based on deep knowledge and experience of target applications. The solutions are the first of their kind, making the company a pioneer in its field. Today, BPC Instruments exports to nearly 70 countries around the world. BPC is listed on the Spotlight Stock Market in Sweden. For more information, please visit BPC’s webpage: www.bpcinstruments.com

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Press release – order for BPC Air and respirometers EN

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