Global High Performance Computing Market

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 News

  • 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.
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FAQs

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).

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. '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.'

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. 

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. 

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. 

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Global High Performance Computing Market

Report ID: SQMIG45B2029

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