Home > Media & Technology > Information Technology > Tech Infrastructure > High Performance Computing Market

High Performance Computing Market Analysis

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

High Performance Computing (HPC) Market Analysis

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)


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

Buy Now

Premium Report Details

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