by The high performance computing market was valued approximately at US$ 39.86 Bn in 2021 and is projected to hit US$ 64.65 Bn by 2030, registering a CAGR of 5.5% every year.
The growing demand regarding short product development cycles along with a requirement to maintain determined quality becomes approximately impossible to address in real-time without utilizing the advanced technologies and right tools. Physical simulation, machine learning (ML) and optimization in varied industrial applications, including life science simulation and financial modeling, are few among others where HPC plays an essential role in providing complex problems solving within the limited time period.
In the defense sector and aerospace, the companies are highly emphasizing over increasing production rate with reducing the production cost. The software solutions of HPC allows these players to provide precise multi-physics and multi-scale solutions simulation by leveraging the design phase simulation, physical testing cutting off.
Furthermore, cloud-based solutions of HPC are gaining high traction in the market owing to their pay-as-you-go pricing model which is cost-effective. This has become an acute factor in propelling the market as the variety, volume, and velocity of the data produced have further evolved exponentially and are likely to further rise with the 5G technology getting adoption already.
The base year for the study has been considered 2021, the historic year 2017 and 2020, the forecast period considered is from 2022 to 2030. The high performance computing market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
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High Performance Computing Market Scope
| Report Coverage | Details |
| Market Size | USD 64.65 Billion by 2030 |
| Growth Rate | CAGR of 5.5% from 2022 to 2030 |
| Base Year | 2021 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Deployment, Application, Region |
High Performance Computing Market: Report Highlights
- Based on deployment, on-premise deployment is the leading market segment however, cloud technology market is expected to grow due to its high adoption rate, while the usage on-premise deployment method would drop down slowly.
- Based application, the dominating segment of HPC is high performance business computing. Technical computing of the HPC comprise of various sectors like chemicals, government, bio-sciences, consumer products, academic institutions, electronics, energy and others. High performance data analysis is further utilized in government sector for public security & crime fighting.
High Performance Computing Market : Regional Snapshot
The region of North American is known for its advanced technologies early adoption which isdriven by healthy technology development in the U.S. and Canada. The surge in massive data propels the need for security and this implementation of new technologies and, therefore, leading to the implementation of HPC systems. North America is likely to endure dominating the global market of HPCduring the forecast period.
In addition, with the presence of key players in the market, including, HPE, NVIDIA IBM, AMD, and Microsoft the demand for high-performance computing in the region is likely to experience significant growth.
High Performance Computing Market Dynamics
Driver
Emerging need for the high-speed data processing with accuracy
The main factor propelling the growth of the HPC market is the skill of HPC solutions to process huge volumes of data with accuracy and speed. The industry verticals where applications are coming across with inefficient data and slow processing issues include medical, finance, research, seismic exploration, government and defense. In the medical field, applications such as Magnetic Resonance Imaging (MRI) and Computed Tomography (CT) scanning require quick, and accurate results from the processing of multifaceted algorithms.
HPC helps them in reducing the compute time significantly and processes the MRI and CT data quickly and with accuracy. Therefore, the rising need in various fields for faster data processing with high accuracy is one of the major factors propelling the growth of the HPC market.
Restraint
High CAPEX and OPEX
One of the major factors hampering the market growth of HPC is the OPEX involved and high Capital Expenditure (CAPEX). The cost for setting up an HPC and its maintenance is high. There is a huge CAPEX involved, including but not limited to the software and hardware costs. The OPEX for HPC involves human resources, energy costs, and maintenance and repair costs.
This high cost of initial investment as well as maintenance restricts SMEs and startups from adopting HPC. Furthermore, there is arising expenditure involved when enterprises transition from on-premises to the cloud infrastructure. Both these factors are expected to majorly restrain the HPC market growth from moving forward.
Opportunity
Increasing focus on hybrid HPC solutions
With the surge in advancements in technology and rising demand for HPC solutions, associations at present are fastening more on hybrid HPC results. IT teams are actively working towards establishing a poise between on- premise and cloud HPC results. Enterprises are spanning out on- premise HPC resources as demanded. A hybrid HPC solution provides better productivity. Furthermore, it further resolves privacy and security enterprises as well as lowers the management cost. Thus, the adding focus on hybrid HPC results is anticipated to give tremendous growth opportunities for the HPC request.
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Challenge
Lack of knowledge and limited budget among SMEs
The potential users in numerous SMEs lacks awareness regarding the benefits of HPC and don’t the budget to set up similar systems. SMEs in numerous developing countries are still skeptical about adopting HPC, owing to the involvement of high investment costs. Numerous of them are ignorant regarding the various benefits associated that HPC offers, similar as customizable delivery and better performance. These enterprises also lack the specialized expertise needed to run and establish a HPC system. Still, cloud computing can increase the operation of HPC among SMEs and startups, as it’ll vastly cut down the costs for them.
Some of the prominent players in the global high performance computing market include:
- Atos SE
- Advanced Micro Devices, Inc.
- Hewlett Packard Enterprise Development LP
- Cisco Systems, Inc.
- Dell Technologies Inc.
- Fujitsu
- Intel Corporation
- IBM Corporation
- Lenovo
- Inspur
Segments Covered in the Report
Market By Deployment
- Cloud
- On-Premise
Market By Application
- High Performance Technical Computing
- Government
- Chemical
- Bio-Science
- University /Academic
- Large Product Manufacturing
- Consumer product Manufacturing
- Energy
- Electronics
- Others
- High Performance Business Computing
- Media Entertainment
- Online Game
- Retail
- Financial Service
- Ultra-scale Internet
- Transportation
- Others
By Components
- Solutions
- Servers
- Storage
- Networking Devices
- Software
- Services
- Design and Consulting
- Integration and Deployment
- Support and Maintenance, and Management
By Server Price Band
- USD 250,000 to 500,000 and Above
- USD 250,000 to 100,000 and Below
By Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1.Raw Material Procurement Analysis
4.3.2.Sales and Distribution Channel Analysis
4.3.3.Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on High Performance Computing Market
5.1. COVID-19 Landscape: High Performance Computing Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1.Market Drivers
6.1.2.Market Restraints
6.1.3.Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1.Bargaining power of suppliers
6.2.2.Bargaining power of buyers
6.2.3.Threat of substitute
6.2.4.Threat of new entrants
6.2.5.Degree of competition
Chapter 7. Competitive Landscape
7.1.1.Company Market Share/Positioning Analysis
7.1.2.Key Strategies Adopted by Players
7.1.3.Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global High Performance Computing Market, By Deployment
8.1. High Performance Computing Market, by Deployment, 2021-2030
8.1.1. Cloud
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. On-Premi
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global High Performance Computing Market, By Application
9.1. High Performance Computing Market, by Application, 2021-2030
9.1.1. High Performance Technical Computing
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. High Performance Business Computing
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global High Performance Computing Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Deployment (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Atos SE
11.1.1. Company Overview
11.1.2. Deployment Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Advanced Micro Devices, Inc.
11.2.1. Company Overview
11.2.2. Deployment Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Hewlett Packard Enterprise Development LP
11.3.1. Company Overview
11.3.2. Deployment Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Cisco Systems, Inc.
11.4.1. Company Overview
11.4.2. Deployment Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Dell Technologies Inc.
11.5.1. Company Overview
11.5.2. Deployment Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Fujitsu
11.6.1. Company Overview
11.6.2. Deployment Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Intel Corporation
11.7.1. Company Overview
11.7.2. Deployment Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. IBM Corporation
11.8.1. Company Overview
11.8.2. Deployment Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Lenovo
11.9.1. Company Overview
11.9.2. Deployment Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Inspur
11.10.1. Company Overview
11.10.2. Deployment Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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Frequently Asked Questions:
[sc_fs_multi_faq headline-0=”h6″ question-0=”What is the current size of high performance computing market?” answer-0=”According to Precedence Research, the global high performance computing market size was reached at US$ 39.86 billion in 2021 and is anticipated to surpass around US$ 64.65 billion by 2030. ” image-0=”” headline-1=”h6″ question-1=”What will be the CAGR of global high performance computing market?” answer-1=”The global high performance computing market is growing at a CAGR of 5.5% during the forecast period 2022 to 2030. ” image-1=”” headline-2=”h6″ question-2=”Who are the major players operating in the high performance computing market?” answer-2=”The major players operating in thehigh performance computing market are Atos SE, Advanced Micro Devices, Inc., Hewlett Packard Enterprise Development LP, Cisco Systems, Inc., Dell Technologies Inc., Fujitsu, Intel Corporation, IBM Corporation, Lenovo, Inspur ” image-2=”” headline-3=”h6″ question-3=”Which are the key factors of the high performance computing market?” answer-3=”Micro server’s capabilities of faster computing or High Performance Computing systems, enhanced the effectiveness of performance and operation & smarter deployment with high quality of service are some of the major key factors boosting the market growth of high performance computing all around the globe. ” image-3=”” headline-4=”h6″ question-4=”Which region is projected to expand the highest CAGR during 2022 to 2030.” answer-4=”Asia Pacific is projected to expand at the highest CAGR over the forecast period (2022-2030). ” image-4=”” count=”5″ html=”true” css_class=””]
