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

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.