High Performance Computing Market (By Deployment: Cloud, On-Premise; By Application: High Performance Technical Computing, High Performance Business Computing; By Components: Solutions, Services; By Server Price Band; By Organization Size) – Global Market Size, Trend Analysis, Segment Forecast, Regional Outlook 2022-2030

The global high performance computing market was valued at US$ 39.86 billion in 2021 and is expected to hit around US$ 64.65 billion by 2030, poised to grow at a CAGR of 5.5% during the forecast period 2022 to 2030.

Growth Factors:

The growing need for high-efficiency computing, continued diversification, and expansion of the IT industry, advances in virtualization, and rising preference for hybrid High Performance Computing (HPC) solutions are some of the factors expected to fuel the growth of the market. The ability of HPC systems to process large volumes of data at higher speeds is prompting government agencies, defense agencies, academic institutions, energy companies, and utilities to adopt HPC systems, which also bodes well for the growth of the HPC market. The COVID-19 pandemic is already ushering a host of challenges to several sectors. According to industry experts, the HPC market witnessed significant growth until 2019. However, the market is projected to witness a substantial decline in 2020.

However, the market is expected to gradually pick up its pace from 2021 owing to increasing demand for high-performance computing due to its benefits, such as increased computational power and ability to calculate complex algorithms. The rising popularity of cloud computing, coupled with the digitization initiatives being adopted by various governments, would play a decisive role in catapulting the market growth over the forecast period. For instance, the Government of the United Arab Emirates (UAE) has launched digital transformation projects, such as Smart Abu Dhabi and Smart Dubai. Such projects would encourage the adoption of cloud computing and trigger the demand for HPC systems.

HPC, which is also referred to as supercomputing, envisages the use of parallel processing to process the data at higher speeds and accuracies and provide outputs efficiently. Parallel processing is achieved by distributing the program instructions among several processors so that the time taken to run the algorithms is reduced drastically. HPC systems often involve a cluster of computers, whose aggregate power can offer high computational capabilities. In other words, HPC systems can potentially simplify complex business procedures. As a result, the demand for HPC systems is expected to grow.

Report Scope of the High Performance Computing Market

The emergence of exascale computing is expected to open new growth opportunities for the HPC market over the forecast period. Exascale computing is the ability of computing systems to perform a billion calculations per second. Exascale computing also provides advanced simulation and modeling solutions that can potentially address the key challenges in natural security, energy, economic competitiveness, and scientific discovery. HPC systems require higher performance bandwidth and memory capacity to process large volumes of data efficiently and exascale computing can address both these challenges.

Meanwhile, the National Nuclear Security Administration and the Office of Science, both of which fall under the U.S. Department of Energy, have embarked upon a collaborative effort called the Exascale Computing Project. Such projects are also anticipated to fuel the growth of the market. Incumbents of the manufacturing industry, defense agencies, government agencies, educational institutes, and research institutions often have to perform complicated calculations and solve complex problems. Applications such as space exploration and weather forecasting also involve complex calculations and processing of large volumes of data. High processing power and processing efficiency are crucial in such cases and HPC systems can be very useful for these applications.

Deployment Insight

On the basis of premisis, deployment was the leading market segment in the year 2020, however, cloud based technology segment is expected to grow due to its high adoption rate, while the usage on-premise deployment method would drop down slowly. The different types of deployment methods of High Performance Computing are Cloud and on-premise based methods. Cloud deployment is gaining high traction in the industry, as cloud-computing technologies are being majorly adopted by the players in different industries.

Application Insight

The dominating segment of High Performance Computing are High Performance technical computing and high performance business computing. Technical computing of the High Performance Computing comprise of various sectors similar as bio-sciences, government, academic institutions, chemicals, consumer products, energy, electronics and many others. Furthermore, data analysis of high performance is being utilized in governmental sector for crime fighting& public security. In addition to this, High Performance Computing are used in fraud discovery and client accession/ retention across other sectors. High Performance Business Computing includes media entertainment, online gaming, retail, fiscal service, ultra-scale internet, transportation and others.

Regional Insights

North America held the largest share of 39.95% in 2019. This is attributed to the region being the largest regional market for technology-based solutions. Additionally, it is anticipated to be a strong player in the global economy, especially in the implementation and development of new technologies. While the need to process large volumes of raw data is growing, having robust security measures in place is of paramount importance. This is driving the need to implement the latest technologies, which, in turn, is encouraging the adoption of HPC systems.

Moreover, North America is home to some of the large enterprises, such as Boeing and General Motors, which along with other SMEs, are aggressively adopting HPC systems to help them in easing the technical restraints they are facing. As a result, the adoption of HPC systems is growing in North America.

Asia Pacific is projected to expand at the highest CAGR of 7.9% over the forecast period owing to the growing adoption of HPC systems for scientific research and weather forecasting. At the same time, China happens to be among the top 10 countries leading in the high performance computing market. China is also home to supercomputers, such as Tianhe-2 (Milkyway-2) and Sunway TaihuLight. Tianhe-2 (Milkyway-2) was developed by the National University of Defense Technology of China and was funded by the government of Guangzhou city and the government of Guangdong province.

Some of the prominent players in the 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

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

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

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in High Performance Computing Market Study:

• Growth of High Performance Computing in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for High Performance Computing and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  High Performance Computing Consumption Analysis
•  High Performance Computing Production Analysis
•  High Performance Computing and Management