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    High Performance Computing Market

    ID: MRFR/ICT/2005-CR
    100 Pages
    Aarti Dhapte
    April 2023

    High Performance Computing Market Research Report Information By Component (Hardware, Software and Services), Hardware (Server, Storage and Networking Device), Software (Analytics, Database Management, Operating System), Services (Professional Services and Managed Services), Deployment (On-premise and Cloud), By Vertical (BFSI, IT, Manufacturing, Healthcare, Retail, Energy, Oil and Gas, Transportation Logistics, Chemicals, Pharmaceuticals, Defense), Region (North America, Europe, Asia-Pacific, Middle East & Africa) - Forecast Till 2032

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    High Performance Computing Market Summary

    The Global High Performance Computing Market is projected to grow from 45.1 USD Billion in 2024 to 96.2 USD Billion by 2035.

    Key Market Trends & Highlights

    High Performance Computing Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 7.12 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 96.2 USD Billion, indicating robust growth.
    • In 2024, the market is valued at 45.1 USD Billion, reflecting a strong foundation for future expansion.
    • Growing adoption of advanced computing technologies due to increasing demand for data analytics is a major market driver.

    Market Size & Forecast

    2024 Market Size 45.1 (USD Billion)
    2035 Market Size 96.2 (USD Billion)
    CAGR (2025-2035) 7.12%

    Major Players

    IBM Corporation, Hewlett Packard Enterprise Company, Intel Corporation, Microsoft Corporation, Cisco Systems, Inc., Inspur, Inc., Fujitsu Ltd, Oracle Corporation, Dell, Inc., Dawning Information Industry Co. Ltd.

    High Performance Computing Market Trends

    Demand For HPC As a Service

    Enterprises need not spend huge sums on the deployment of the entire architecture on-premises, empowering enterprises to access high-end computing power without the additional capital investment of building and maintaining their own HPC cluster. Vendors operating in the market can tap the opportunity by providing HPC as a service to enterprises, specifically mid- and small-sized enterprises operating across various industry verticals, including manufacturing, BFSI, retail, and IT. Few companies have been offering HPC as a service, thereby taking early mover advantage in this segment of the market. Among the companies are Advania, Intel, IBM, and UberCloud.

    High Performance Computing Market Covid Impact

    In 2020, the world was faced with a pandemic like never before, and this completely changed the way the world functions in the most fundamental ways. The pandemic adversely affected many aspects of life and rendered multiple markets unable to sustain huge losses in these times. Computing is playing a key role in combating the COVID-19 pandemic, as it has in other national catastrophes ranging from hurricanes, earthquakes, and oil spills to pandemics, wildfires, and even rapid turnaround modelling when space missions have been endangered, to increase the effectiveness and timeliness of these response.

    High Performance Computing Market Russia-Ukraine War Impact

    Russia's invasion of Ukraine and the ongoing effects of the pandemic had a negative and unclear impact on the world economy. Many of the downside risks mentioned in April World Economic Outlook have started to manifest. The world's financial conditions have become more rigid due to higher-than-expected inflation, particularly in the United States and major European nations. With COVID-19 outbreaks and lockdowns, China's recession has been greater than expected, and the conflict in Ukraine has had further detrimental effects.

    The Global High Performance Computing Market is poised for substantial growth, driven by increasing demand for advanced computational capabilities across various sectors, including scientific research, healthcare, and artificial intelligence.

    U.S. Department of Energy

    High Performance Computing Market Drivers

    Growing Demand for Data Analytics

    The Global High Performance Computing Market Industry is experiencing a surge in demand for data analytics across various sectors. Organizations are increasingly leveraging HPC systems to process vast amounts of data, enabling them to derive actionable insights. For instance, industries such as finance and healthcare utilize HPC to analyze complex datasets for risk assessment and patient care optimization. This trend is projected to contribute to the market's growth, with the industry expected to reach 45.1 USD Billion in 2024. The need for advanced analytics tools and capabilities is likely to drive further investments in HPC technologies.

    Market Segment Insights

    High Performance Computing Component Insights

    The High Performance Computing Market is segmented based on component and includes hardware, software, and services. The hardware segment dominated the market in 2022. The networking devices are part of the hardware, which is an essential component of high-performance computing. These include a computer node, interconnects for a network, and system management. Computer nodes include the most commonly used rack-mounted servers and blade servers. Other essential components include network switches, a power distribution unit, Ethernet, gateways, routers, and cables.

    Along with these, there is also the need for a serial port, a baseboard management controller, and a KVM for remote monitoring, among others.

    November 2020 Intel cooperated with HPE, an American multinational enterprise information technology business, and Argonne, a science and engineering research national laboratory administered by the University of Chicago Argonne for the United States Department of Energy.

    Figure 2: High Performance Computing Market Size (Usd Million) By Component 2022 Vs 2032

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    High Performance Computing Deployment Insights

    The High Performance Computing Market segmentation, based on deployment, includes on-premises and cloud. On-premises segments accounted for the largest market share in 2022. Although on-cloud deployment is an emerging and enhanced trend due to several benefits that it offers, including its scalability and flexibility in high-performance computing, on-premises deployment is considered safe and approachable for a number of enterprises. One of the major advantages of on-premises deployment over cloud deployment is that it is highly secure against cyberattacks and security breaches. Although the cost of maintenance is very high in terms of on-premise deployment, several enterprises prefer using on-premise deployment.

    July 2021 Hewlett Packard Enterprise Expands HPE GreenLake Edge-to-Cloud Platform with the Purchase of Zerto, a Leader in Cloud Data Management and Protection.

    Figure 3: High Performance Computing Market Size (Usd Million) By Deployment 2022 Vs 2032

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    High Performance Computing, By Vertical Insights

    The High Performance Computing Market data has been bifurcated by Vertical into BFSI, chemicals, pharmaceutical, IT & telecom, retail, healthcare, transportation logistics, defense, oil and gas, manufacturing, energy & utility and others. The BFSI category maintained the biggest revenue share in 2022, as the banking, financial services, and insurance (BFSI) is a major sector that deals with huge volumes of sensitive customer data. Therefore, enterprises largely rely on high-performance computing technology for high-frequency trading, real-time analytics, and simulations to gather, store, and analyze a large amount of customer data.

    Banks and financial institutes are using high computing applications for instant execution, risk escalation, concerns regarding security, and gaining a competitive advantage in the market. This technology is estimated to show huge growth in the coming years.

    April 2021 NVIDIA unveiled its first data centre CPU, an Arm-based processor that outperforms the current fastest servers on the most challenging AI and HPC applications.

    Figure 4: High Performance Computing Market Size (Usd Million) By Vertical 2022 Vs 2032 

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about High Performance Computing Market Research Report - Forecast to 2032

    Regional Insights

    By region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. The North America high performance computing market accounted for USD 10,358.4 million in 2021 and is expected to exhibit an XX% CAGR during the study period. A key factor driving the growth of the market is the continuous investments by various industries, including defense, transportation, manufacturing, BFSI, and retail, in high-performance computing technology.

    Additionally, the region is a hub for the largest buyers of supercomputers and has witnessed the presence of leading HPC vendors such as Dell EMC, Lenovo, and IBM, thereby making North America the largest revenue generator globally. North America is expected to register a CAGR of 4.9 % during the forecast period.

    The countries considered in the scope of high performance computing market are US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.

    Figure 5: High Performance Computing Market Size (USD Million) By Region 2022 Vs 2032

    HIGH PERFORMANCE COMPUTING MARKET SIZE (USD MILLION) BY REGION 2022 VS 2032

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Key competitors are working on growth strategies, partnerships, and mergers and acquisitions in order to stay competitive by expanding their reach, developing market trends, making technological breakthroughs, and delivering services. The global high-performance computing (HPC) market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain a higher market share.

    Some of the major players operating in the global market include IBM Corporation, Hewlett Packard Enterprise Company, Intel Corporation, Microsoft Corporation, Cisco Systems, Inc., Inspur, Inc., Fujitsu Ltd, Oracle Corporation, Dell, Inc., and Dawning Information Industry Co. Ltd. and Others.

    Key Companies in the High Performance Computing Market market include

    Industry Developments

    August 2023

    NVIDIA Teamed up with Leading Cloud Providers in the Market: To satisfy the growing need for Artificial intelligence-fueled apps in Healthcare, Finance, and Autonomous Vehicles. The collaboration was formed with existing partners Microsoft Azure and Google Cloud, and they expanded towards developing next-gen HPC solutions utilizing NVIDIA's GPU architecture.

    October 2023

    Intel Finally Launches their New Chipsets: With Every New Generation Of Xeon Scalable Chip Intel Releases, There Is A Notable Improvement In High-Performance Computing Workload. The Top-Of-The-Line processors are optimized to juggle multiple tasks seamlessly with complex AI and machine learning frameworks, resulting in impressive performance in the highly competitive HPE domain. 

    December 2023

    Amazon Web Services (AWS) Presents AMS Cloud Services With A High-Performance Computing Take: To Allow organizations of all sizes to shift away from relying entirely on data centers, Amazon Web Services released a set of Cloud Services that focus on High-Performance Computing with optimization for compute-intensive workloads.

    January 2024

    Hewlett Packard Enterprise (HPE)-HP Acquires An HPC Specialized Firm: By Acquiring a Europe-based company that focuses on advancing High-Performance Computing systems, HPE aims to push its goal of being at the forefront of the global HPC market by providing Premium products consisting of supercomputing solutions and end to end infrastructure.

    March 2024

    Dell Technologies Pioneers Into New Geographies of The HPC Universe: Dell Technologies has released several new HPC offerings customized for deep learning applications with cutting-edge GPU acceleration and high bandwidth memory subsystem integration. They have been built to enhance scientific investigations and company-wide AI initiatives.

    February 2022

    AMD's Advanced High-Performance Computing Services Presentation – With the growing demand for AMD's next-generation EPYC processors, the company filled this gap by developing modular AMD EPYC processors for HPC workloads. These processors promised increased performance and efficiency, enabling sectors such as aerospace and research to conduct large-scale simulations and data analysis tasks more efficiently.

    Future Outlook

    High Performance Computing Market Future Outlook

    The High Performance Computing Market is projected to grow at a 7.12% CAGR from 2024 to 2035, driven by advancements in AI, data analytics, and cloud computing.

    New opportunities lie in:

    • Develop specialized HPC solutions for AI-driven industries.
    • Invest in energy-efficient computing technologies to reduce operational costs.
    • Expand HPC services to emerging markets with growing computational needs.

    By 2035, the High Performance Computing Market is expected to achieve substantial growth, solidifying its role in technological advancement.

    Market Segmentation

    High Performance Computing Regional Outlook

    • US
    • Canada

    High Performance Computing, By Vertical Outlook

    BFSI
    • FinTech
    • Insurtech

    High Performance Computing, By Component Outlook

    • Servers
    • Storage
    • Networking Device

    High Performance Computing, By Deployment Outlook

    • On-premises
    • Cloud

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 42.15 Billion
    Market Size 2024 USD 45.14 Billion
    Market Size 2032 USD 78.25 Billion
    Compound Annual Growth Rate (CAGR) 7.12% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2022
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Component, Deployment, Vertical, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled IBM Corporation, Hewlett Packard Enterprise Company, Intel Corporation, Microsoft Corporation, Cisco Systems, Inc., Inspur, Inc., Fujitsu Ltd, Oracle Corporation, Dell, Inc., and Dawning Information Industry Co. Ltd. and Others.
    Key Market Opportunities Demand for HPC as a service
    Key Market Dynamics 1) Increasing adoption of HPC in government, industrial, and enterprise applications. 2)Growing need for high computational capabilities and complex application management. 3)Adoption of cloud high-performance computing

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is the CAGR of the High-Performance Computing market in the upcoming period?

    A 7.12% CAGR is expected to transform the market.

    Which region held the largest market share in the High Performance Computing market?

    The North America regional market is projected to be the major driver of the market.

    Who are the key players in the High Performance Computing market?

    IBM Corporation, Hewlett Packard Enterprise Company, and Dell Technologies, Inc. are the key players in the market.

    What segments are utilized for better understanding the High Performance Computing market?

    The segments in the market are Component, Deployment, Vertical and region.

    High Performance Computing Market Research Report - Forecast to 2032 Infographic
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