The European Commission sets out a plan to double EU investment in High Performance Computing (HPC) from €630 million to €1.2 billion. The targeted outcome of the additional funding is to move EU high performance computing capabilities to exascale level. This step marks an important milestone in recognition of High Performance Computing by EU as a measure of national security and economic competitiveness.
The worldwide High Performance Computing (HPC) market is expected to grow at an 8.3% CAGR reaching $44 billion in 2020, according to a recent market report Worldwide High Performance Computing (HPC) Market Forecast 2015-2020. The market study forecasts the global HPC market to generate $220 Billion in revenues over the period 2015-2020.
Neelie Kroes, European Commission Vice-President responsible for the Digital Agenda, said: “High Performance Computing is a crucial enabler for European industry and for more jobs in Europe. It’s investments like HPC that deliver innovations improving daily life. We’ve got to invest smartly in this field because we cannot afford to leave it to our competitors.”