USD 45.14 billion
High Performance Computing Market Size, Share, Growth Analysis, By Component(Solutions (Servers, Storage, Networking Devices, Software)), By Deployment Type(On-Premise, Cloud), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45B2029 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
High Performance Computing Market Insights
High Performance Computing Market size was valued at USD 45.14 billion in 2019 and is poised to grow from USD 48.51 billion in 2023 to USD 82.7 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
High-performance computing demand in genomics research is driving the growth of the HPC market. Enhancing the market growth is the need for virtualization, increased computing power, IT expansion, better scalability, and trustworthy storage in high-performance computing. All varieties of servers and microservers used for highly computational or data-intensive tasks are included in HPC systems. In recent years, High Performance Computing (HPC) has gained significance to many nations as it is linked to scientific progress and also economic competitiveness attributable to technology. A global survey showed that 97% of companies adopted supercomputing technologies and stated they would not operate without them. Several reasons, such as the development of microserver technologies and HPC system’s increased speed of computations, rise in performance efficiency and ease of deployment and supervision with a good quality of service, are driving the growth of the HPC market.
These HPC systems' main issues are managing the power supply, the cooling system, and the storage and data. Data management and storage will become increasingly crucial in the future. Moreover, software barriers are getting bigger and are slowing the expansion of the HPC sector. Academic institutions and a variety of sectors are quickly embracing HPC technology to create dependable and durable goods that will allow them to keep a competitive edge in the market. The market is expanding steadily and is expected to do so in the future as this trend gains more and more significance.
US High Performance Computing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
On-Premise
Fastest Growth
Cloud
Growth Rate
7.5% CAGR
Global High Performance Computing Market ($ Bn)
Country Share by North America (%)
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High Performance Computing Market Segmental Analysis
The Global High Performance Computing Market is segmented on the basis of component and deployment type. Based on the component, the high-performance computing market is segmented into solutions and services. The solution segment is further segregated into servers, storage, networking devices, and software. Based on the deployment type, the High Performance Computing Marketis segmented into on-premise and cloud. Whereas, based on region, the High Performance Computing Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
High Performance Computing Market Analysis by Solution Type
As per categorization by solution type, the market is classified as servers, storage, networking devices, and software. Among these, the servers earned the largest share and continue to dominate the market. There are notable improvements within the servers in the global high performance computing market. Some of these include multi-core processors, GPUs, and AI accelerators that improve throughput. The trend towards exascale computing and AI-centric applications is causing an upsurge in the need for performance servers in sectors such as research and finance, and healthcare. This market is server centric as they offer the basic computational framework critical to carrying out intricate simulations and data analysis and hence modeling of these systems is essential for the performance and the scaling of the HPC system.
The storage segment is set to be the fastest-growing segment in the global high performance computing market due to the exponential rise in data generated by AI, big data analytics, and simulations. With the emergence of different sectors such as health industries, climate research, and genomics, a large volume of data sets is being generated leading to a significant need for storage systems that are both fast and can scale. New storage solutions including all-flash arrays and NVMe are providing faster access to data and improving efficiency which is causing the uptake of these solutions. In addition, cloud-based high-performance computing (HPC) systems are becoming more prevalent creating a need for storage systems that are both distributed and highly scalable making this sub-segment grow at a faster pace.
High Performance Computing Market Analysis by Service Type
Integration & deployment in the global high performance computing market is seeing significant innovation as complex HPC environments, including hybrid and cloud-based systems, demand seamless integration. This involves deploying high-performance servers, networking, and storage solutions with optimized configurations to handle AI, data analytics, and scientific workloads. Automation and AI-driven orchestration tools are enhancing deployment speed and efficiency. Integration & Deployment dominates the HPC market due to the complexity of combining diverse technologies into cohesive, high-performing systems. As more industries adopt HPC, expert integration services ensure smooth system operation and scalability, making this segment crucial for overall market success.
It is predicted that the fastest-growing segment in the global high performance computing market will be management services as a result of increasing intricate designs of HPC systems and migration to more cloud and hybrid-based solutions. As more and more organizations start using HPC for a variety of activities such as AI, big data and even simulations, there is need for constant performance management, resource allocation and general system upkeep. Managed services offer specialized expertise to ensure seamless operations, reduce downtime, and improve scalability. Considering that a lot of organizations delegate these functions to outside service providers, the requirements for HPC administration are on the rise due to the upsurge in the adoption of cloud-based HPC systems which allow one to remotely manage the systems with ease.
Global High Performance Computing Market By Solution Type (%)
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High Performance Computing Market Regional Insights
The global high performance computing market for the North American region, has outstanding features such as advanced technology, developed R&D, and several worlds HPC providers such as IBM, HPE, NVIDIA, etc., thus making them the greatest region in the world. This is also due to having a huge share of the industries who utilize high performance computing systems to carry out complex processes such as the simulations in AI and big data analytics in the economy, health, defense, aerospace, and finance. In addition to these drivers, the allocation of resources for supercomputing projects by agencies such as the US Department of Energy helps to strengthen services and research related to HPC system design in North America thereby increasing the regional market size.
The European region is growing rapidly in the global high performance computing market owing to various government policies, massive investments in supercomputing capabilities, and also the focus on digital transformation in various sectors. The growth can also be attributed to projects such as EuroHPC which are aimed at supporting the technological growth of the member states rather than dependence on other countries. Prominent sectors such as automotive industry, the aerospace sector and even the pharmaceutical industry are beginning to incorporate HPC for enhanced modeling, AI as well as data analytics. Moreover, the region’s focus on green and energy efficient HPC systems fosters the acceptance and growth of high-performance computing technology in the region in general.
Global High Performance Computing Market By Geography
- Largest
- Fastest
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High Performance Computing Market Dynamics
High Performance Computing Market Driver
Increasing Demand for AI and Big Data Analytics
- The increasing dependence on artificial intelligence (AI), machine learning (ML) as well as big data analytics is one of the major factors propelling growth in the global high performance computing market. Industries such as healthcare, finance, manufacturing utilize HPC in order to analyze large volumes of information and run advanced simulations to speed up innovations and enhance decision making.
Advancements in Cloud-based HPC Solutions
- Market growth is also propelled by the availability of on-demand cloud high performance computing resources which are easily scalable and economical. With Cloud based HPCs, organizations do not have to incur expensive upfront costs on in-house infrastructural setups hence easy deployment and broadened accessibility of HPC for small and medium enterprises across different industries.
High Performance Computing Market Restraints
Complexity of Integration
- There are challenges in assimilating high-performance computing systems to the existing IT system. This is due to most institutions will need to source highly skilled and specialized people in order to guarantee successful commissioning and running of the infrastructure. Such complexity makes it take longer to put the systems in place and raises the costs of the projects thereby discouraging many companies from adopting an HPC approach.
Data Security and Compliance Concerns
- Data security and compliance issues are significant restraints on the global high performance computing market. As a result, many organizations, especially in the healthcare and finance sectors, are concerned about the dangers of keeping and using sensitive information in an HPC environment. Apart from the risks that come with the technology, issues of public policy and regulation, especially the GDPR and HIPAA have made the adoption of HPC a challenge and many potential users are quite hesitant.
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High Performance Computing Market Competitive Landscape
The global high performance computing market is characterized by the presence of both well established companies and new entrants. Big names such as IBM, Hewlett Packard Enterprise (HPE), Dell Technologies, NVIDIA, and Cray Inc. are ahead in the market with more innovative solutions to offer. These companies concentrate on improving computing power across various parameters like they are integrating artificial intelligence, cloud services and advanced technological devices. Moreover, the joint ventures and alliances among market players are promoting development and increasing market share in several regions.
High Performance Computing Market Top Players Company Profiles
- Advanced Micro Devices, Inc. (AMD) (US)
- Intel Corporation
- HPE
- IBM Corporation
- Dell Technologies Inc.
- Lenovo Group Limited
- NVIDIA Corporation
- Cray Inc.
- Fujitsu Limited
- Bull SAS
- NEC Corporation
- Atos SE
- Cisco Systems, Inc.
- Silicon Graphics International Corp. (SGI)
- Penguin Computing, Inc.
- Super Micro Computer, Inc.
- Microsoft Corporation
- Amazon Web Services, Inc.
- Google Inc.
- Oracle Corporation.
High Performance Computing Market Recent Developments
- In March 2024, NVIDIA disclosed the introduction of Grace CPU, which is architecture purposely built for high-performance computing and AI. This CPU upgrades the processing speed, adding onto the power allowing for quick performance for intense operations. The Grace CPU is envisioned to bring a profound change in industries like medical care, scientific studies, and data analysis.
- In June 2024, in a bid to expand, IBM has teamed with some European supercomputing centers to help deploy its sophisticated hybrid cloud technology. This coordination seeks to improve computing power in Europe with particular emphasis on research and climate modeling. Making use of IBM’s technology, those centers will be able to process and analyze data more efficiently.
- In January 2024, Fujitsu announced significant updates to its Fugaku supercomputer, enhancing its capabilities for COVID-19 research. The updates include improved processing power and advanced simulations to better understand the virus. This initiative aims to support global health efforts and contribute valuable insights into pandemic management and vaccine development.
High Performance Computing Key Market Trends
- Shift Towards Cloud-based HPC Solutions: As can be seen, the global high performance computing market is making a distinct shift towards cloud-based HPC solutions. Such an approach provides easy access to high performance that organizations require at lower costs and with the ability to grow gradually more traffic able computing power. Moreover, the increasing embrace of hybrid cloud solutions is supporting this change, facilitating the enhancement of the HPC strategy of the companies.
- Integration of AI and Machine Learning: An important trend shaping the global high performance computing market is the infusion of Artificial Intelligence and Machine Learning. Organizations are utilizing HPC in order to power, for example, data analysis and processing for AI based applications. Therefore, this adoption is imperative for industries aimed at improving operational efficiency and innovation as well as the decision-making processes.
High Performance Computing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, according to reports, the global high performance computing market has been growing rapidly with developments in servers, cloud services, along with growth in the popularity of AI and big data analytics. Although there are formidable challenges like issues with integration and data protection, these barriers are likely to change owing to new developments in storage and management systems.
This divide gives North America the leadership podium while Europe boasts of rapid growth. These trends position high performance computing or HPC weighting accurately for businesses across industries. With the vast majority of businesses turning to HPC to gain a competitive edge, the market is bound to experience continuous transformation and growth in the next few years.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 45.14 billion |
| Market size value in 2031 | USD 82.7 billion |
| Growth Rate | 7.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on High Performance Computing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on High Performance Computing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the High Performance Computing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the High Performance Computing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the High Performance Computing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the High Performance Computing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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