Home > Electronics & Media > High Performance Computing Market
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.
To get more details on this report: Request Free Sample PDF
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.
Report Coverage | Details |
---|---|
Base Year: | 2022 |
Market Size in 2022: | USD 45 billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5% |
2032 Value Projection: | USD 90 billion |
Historical Data for: | 2018 - 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 284 |
Segments covered: | Component, deployment, application, organization size |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
To get more details on this report: Request Free Sample PDF
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.
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.
To get more details on this report: Request Free Sample PDF
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.
To get more details on this report: Request Free Sample PDF
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.
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, and NEC Corporation.
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:
Click here to Buy Section of this Report
By Component
By Deployment
By Organization Size
By Application
The above information is provided for the following regions and countries: