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High Performance Computing Market Size - By Component (Hardware, Software, Services), Deployment, Organization Size, Application (BFSI, Healthcare & Life Science, Manufacturing, Government & Defense, Geoscience, Automotive, Education & Research, Media & Entertainment), Forecast 2023 - 2032

  • Report ID: GMI5668
  • Published Date: May 2023
  • Report Format: PDF

High Performance Computing Market Size

High Performance Computing Market size was valued at USD 45 billion in 2022 and is anticipated to grow at a CAGR of over 5 % between 2023 and 2032. The growth is attributed with increased demand for high performance, advances in virtualization, continued diversification and expansion of the IT industry, and increased attention to problem solving in high performance computing (HPC) systems.

High Performance Computing Market

High Performance Computing (HPC) refers to the use of parallel networks to run high-performance, reliable & fast applications. Tasks including genome sequencing, machine learning, deep learning, speech, facial recognition, and pattern recognition are performed in HPC systems. High-performance computers are critical to business competitiveness, national security, education, and quality of life.

One of the limitations in the HPC industry is the lack of progress in high performance computing. The increasing use of HPC systems is leading to rising cybersecurity concerns. With many organizations accessing HPC systems, data security remains a major concern, hindering the development of high-tech industries.

High Performance Computing Market Trends

The increasing use of cloud computing and digitization initiatives undertaken by various governments will play an important role in the high-tech market growth during the forecast period. For example, in Dec 2020, the UAE government launched digital transformation projects such as Smart Abu Dhabi and Smart Dubai. These plans will drive cloud computing adoption and increase the demand for HPC systems. With the help of advanced business technology, the system overcomes many limitations of computing power and is improved using solutions such as data analysis.

High Performance Computing (HPC) Market Analysis

Global High Performance Computing Market Revenue, 2020-2032 (USD Billion)

Based on component, high performance computing market is segmented as hardware, software, and services. The services segment is expected to hold the highest market share during the projected timeline. HPC vendors provide various services including maintenance, support, and management. Special support is needed during the installation and startup of HPC systems. On the other hand, maintenance services include existing renovations and problem-solving skills. Therefore, the services sector is expected to exceed USD 15 Billion by 2032.

Based on deployment, high performance computing market is segmented as on-premise and cloud. The on-premise segment expanded at over 4% CAGR in 2022 owing to the ability to use the full capacity of HPC systems without being affected by connectivity issues. It also supports access to real-time data, which is increasingly becoming important in building systems, research, analysis, and modeling. Also, the increasing complexity and efficiency of these systems have made this trend more serious as it improves the output & feedback of HPC systems. Cloud-based solutions have become an ideal choice for many applications as they provide storage and computing needs to users at low cost.

High Performance Computing Market Share, By Application, 2022

Based on application, high performance computing market is segmented as BFSI Healthcare and life science, Manufacturing, Government, Geoscience, Automotive, Education and research, Media and entertainment, and others. Automotive segment is expected to grow at a CAGR of over 5%. The introduction of POSIX-based HPCs in automobiles enables the usage of tools and the adoption of programming paradigms and languages from traditional IT. OTA applications may be implemented more effectively and with greater quality based on this. The HPC industry in the automotive sector is being driven by the development of portable software components that may be utilized in both vehicles and off-road tools.

North America High Performance Computing market held the highest share of over 40% in 2022. North America is the largest technology market and is also expected to become a player in the global economy, especially in the development & use of new technologies. While the need to process raw data increases, it is even more important to take security measures. This leads to the need to use new technologies that support the use of HPC. Also, North America is home to some of the world's largest companies, such as Boeing and General Motors, which are actively using HPC systems to reduce barriers.

U.S. High Performance Computing Market Revenue, 2020-2032 (USD Billion)

High Performance Computing (HPC) Market Share

Major companies operating in the High-Performance Computing (HPC) market include:

  • ARM Limited
  • Advanced Micro Devices Inc
  • Atos SE
  • Cisco Systems Inc
  • Dell Technologies Inc
  • Fujitsu Limited
  • Hewlett Packard Enterprise
  • Huawei Technologies Co Ltd
  • IBM
  • Intel Corporation
  • NVIDIA Corporation,
  • NEC Corporation.

High Performance Computing Industry News:

  • In February 2022, SambaNova launched a new HPC-based solution for sentiment analysis, interpretation, and corporate recognition in banking services.
  • In January 2022, Lenovo Group Limited launched Lenovo TruScale, a new service that offers home supercomputing to organizations of all sizes with a cloud-like experience. In addition, TruScale data storage provides HPC customers access to better supercomputing resources, thus increasing the efficiency and speed of scientists in solving challenges.

The High-Performance Computing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segments:

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By Component

  • Hardware
  • Software
  • Services

By Deployment

  • On-premise
  • Cloud

By Organization Size

  • Large Enterprise
  • SMEs

By Application

  • BFSI
  • Healthcare & Life Science
  • Manufacturing
  • Government & Defense  
  • Geoscience
  • Automotive
  • Education & Research
  • Media & Entertainment
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa
Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

High Performance Computing (HPC) industry size was around USD 45 billion in 2022 and will record over 5% CAGR between 2023 and 2032.

The services segment will exceed USD 15 Billion by 2032 owing to the multiple services provided by HPC vendors.

North America High Performance Computing (HPC) market held the highest share of over 40% in 2022 as it is the largest technology hub in the world.

ARM Limited, Advanced Micro Devices Inc., Atos SE, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise, Huawei Technologies Co., Ltd., IBM, Intel Corporation, NVIDIA Corporation, and NEC Corporation.

High Performance Computing Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 284
  • Countries covered: 17
  • Pages: 200
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