Share
High Performance Computing (HPC) Market Size, Share, and Analysis, By Component (Servers, Storage, Networking Devices, Software, Services, Cloud, Others), By Deployment (On-Premise, Cloud), By End Use Industry (Banking, Financial Services, and Insurance [BFSI], Gaming, Media & Entertainment, Retail, Transportation, Government & Defense, Education & Research, Manufacturing, Healthcare & Bioscience, Others) and Regional Forecasts, 2022-2032
High Performance Computing (HPC) Market size was USD 36.16 billion in 2021 and projected to grow from USD 41.5 billion in 2023 to USD 78.2 billion by 2032, exhibiting a CAGR of 7.2% during the forecast period.
High Performance Computing refers to the process of combining computing power in a way that it provides significantly higher performance as compared to the one from workstation or regular computer to solve bigger problems in engineering, science, or business. HPC is the foundation for industrial, scientific, and societal improvements. HPC systems usually perform at greater speeds (above one million times quicker) contrasted with the fastest laptop, desktop, or server systems.
High Performance Computing (HPC) Market is expected to reach USD 78.2 billion, growing at a CAGR of 7.2% during the forecast period owing to the rising demand for super-efficiency computing, constant diversification, improvements in virtualization, and growth of the IT industry. Also, growing inclination of consumers for hybrid high-performance computing solutions are projected to boost the growth of High Performance Computing (HPC) Market over the forecast period.
High Performance Computing (HPC) Market is classified based on the Component into Servers, Storage, Networking Devices, Software, Services, Cloud, and Others. The Servers category held the major market share in the past years and is projected to witness a significant growth rate during the forecast period. due to the rise of small and mid-size businesses (SMEs), and also data centers. The Services category is anticipated to expand over the projection period. HPC providers offer a range of services, like management, support, and maintenance. Support is especially needed while installing and using HPC systems for the first time. Hence, these factors are driving the segment growth in the coming years.
High Performance Computing (HPC) Market is classified based on the End Use Industry into Banking, Financial Services, and Insurance (BFSI), Gaming, Media & Entertainment, Retail, Transportation, Government & Defense, Education & Research, Manufacturing, Healthcare & Bioscience, and Others. BFSI, previously held the largest revenue share since it is a key industry that deals with a lot of sensitive consumer data. To collect, store, and analyze a significant amount of consumer data, businesses heavily rely on hi-performance computing technologies providing real-time analytics, great frequency trading, and also simulations. This said technology is anticipated to display major growth over the coming years.
Expanding Use of High Performance Computing Technology is Expected to Boost the Market Growth
The growing need for high-performance computing is supported by the technology's expanded use in government applications and in those requiring the resolution of sophisticated, difficult, and business challenges. It is a high-investment and high-demand field due to these uses and applications. HPC is now receiving more funding and recognition due to its usage in governmental, corporate, and industrial applications. Furthermore, the use of cloud-based complicated application administration and high-performance necessitates the use of high-performance computing.
Growing Popularity of Cloud Computing and Efficiency offered by HPC are Expected to Boost the Market Growth
The growth of the HPC business is expected to be significantly accelerated by the expanding reputation of cloud computing and the digitalization initiatives being implemented by governments worldwide. Employees in the manufacturing sector, in government, defense, educational, and research institutions frequently have to carry out intricate calculations and resolve challenging issues. Applications that consume enormous amounts of data and need complex calculations include weather forecasting and space exploration. In these cases, high processing power and efficiency are essential, and HPC systems can be highly helpful for these applications.
Lack of Expertise and Cyber Security Concerns to Restrain the Market Growth
The industry's growth is nevertheless hampered by issues including a lack of expertise and the expensive cost of maintenance of HPC. The lack of improvements in high-performance workstations is another constraint on the high-performance computing sector. Cyber security concerns increase when HPC systems are used more frequently.
High Performance Computing (HPC) Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America registered maximum share in 2022. This is supported by the area having the greatest indigenous market for technologically based solutions. It is also projected that it will play a significant role in the development and implementation of new technologies, as well as in the global economy. Asia Pacific to hold highest CAGR due to the rising use of High Performance Computing systems for scientific research and weather forecasting.
The manufacturing industry is dealing with enormous difficulties as the COVID-19 epidemic continues to spread throughout some regions of North America and other nations in Asia Pacific. In the region, a number of manufacturing firms have reduced their output levels. Furthermore, the extremely limited availability of hardware components needed to produce High Performance Computing system hardware has slowed the market's growth for a few years.
|
ATTRIBUTE |
DETAILS |
|
Study Period |
2018-2032 |
|
Base Year |
2022 |
|
Forecast Period |
2022-2032 |
|
Historical Period |
2019-2021 |
|
Growth Rate |
CAGR of 7.2% from 2022-2032 |
|
Unit |
Value (USD Billion) |
|
Segmentation |
Main Segments List |
|
Component |
|
|
Deployment |
|
|
End Use Industry |
|
|
By Region |
|
High Performance Computing (HPC) Market size was estimated at USD 36.16 billion in 2021 and is expected to reach USD 78.2 billion in 2032.
High Performance Computing refers to the process of combining computing power in a way that it provides significantly higher performance as compared to the one from workstation or regular computer to solve bigger problems in engineering, science, or business.
. Servers and BFSI segments accounted for the largest High Performance Computing (HPC) Market share.
Key players: IBM, Microsoft, Huawei Technologies, Oracle, Dell Inc., Amazon Web Services Inc., Intel Corporation, Fujitsu, Atos, Cisco Systems Inc., Lenovo Group Ltd., Hewlett Packard Enterprise, NVIDIA Corporation, Advanced Micro Devices Inc, Red Hat Inc., and Other Prominent Players are the key players in the High Performance Computing (HPC) Market.
Heavy demand for Cloud Computing Technology and progress of Big Data are the factors driving the High Performance Computing (HPC) Market.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
