Global High Performance Computing Market is projected to grow at a CAGR of 7.1% during the forecast period: MRFR.

The high performance computing market is predicted to reach USD 78,254.5 million by 2032, registering a 7.1% CAGR during the forecast period, 2023–2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. The global high performance computing market is expected to grow significantly during the forecast period, owing to the adoption of HPC in various industrial verticals such as government manufacturing, oil and gas, and energy and utility, which are expected to drive the overall high-performance computing market.

Although high-performance computing is largely carried out with the help of on-premises deployment, there has been significant growth in the adoption of the cloud for the same. At present, nearly 25% of the enterprises/industries are using the cloud for high-performance computing. At present, nearly 25% of the enterprises/industries are using the cloud for high-performance computing. Nearly half of the enterprise population is checking the usage statistics to identify technological gaps and improve efficiency accordingly. However, around 30% of enterprises refrain from using the cloud for high-performance computing at present. The detailed analysis of the usage statistics helps enterprises smoothly migrate their HPC applications to the cloud. The cloud provides the benefit of flexible pricing, as the pricing model is on a pay as per use basis; under this model, an enterprise pays only for the services it is using. However, it comes with the risk of data security. In the upcoming years, the adoption of hybrid clouds is expected to rise; the public cloud is expected to have a moderate growth rate, while the private cloud is expected to witness declining growth in the forecast period.

Cloud-based HPC increases system capacity as compared to on-premises deployment. It also provides the ability to allow capacity leveling. Meanwhile, various enterprises/industry verticals are using cloud-based HPC for biological sciences, chemical engineering, computer-aided engineering, mechanical design & analysis, digital content creation & distribution, and many other use cases. The adoption of cloud computing in high-performance computing offers improved capacity for overflow or surge workloads, reduced capital and operational costs, and access to specialized hardware, software, or other resources that are not accessible or available as a part of the on-premises deployment model.

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Segmental Analysis

The scope of the global High Performance Computing market has been segmented based on component, deployment, verticals, and region.

Based on components, the global high performance computing market is segmented into hardware, software, and services. The services segment is predicted to witness significant growth over the forecast period. The service segment for the high-performance computing (HPC) market is categorized as professional and managed services. The professional services are further bifurcated into design and implementation services and support and maintenance services.

The global high performance computing market is divided into cloud and on-premises deployments. The cloud segment is expected to grow significantly in the future. Cloud possesses the capability to run large applications without the requirement of a supercomputer or a data center. The cloud applications are powerful and scalable and possess flexible pricing to attract various enterprises to move to the cloud.

Based on Vertical, the global high performance computing market is segmented into BFSI, chemicals, pharmaceuticals, IT & telecom, retail, healthcare, transportation logistics, defense, oil & gas, manufacturing, energy & utility, and others. By 2030, the BFSI sector is expected to grow the fastest.

Regional Analysis

Geographically, the global High Performance Computing market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Asia Pacific is expected to have the greatest CAGR from 2022 to 2030 and is experiencing rapid growth due to the presence of companies such as Inspur, Inc., and Dawning Information Industry Co., Ltd. Countries such as India are emerging markets for HPC in the region due to the adoption of HPC systems in the defense and technology sectors.

Additionally, the Asia-Pacific region shows impressive development throughout the course of the projection period. China is home to many HPC manufacturers such as Inspur, Inc., Dawning Information Industry Co., Ltd., and Lenovo Group Ltd. In the field of high-performance computing (HPC, supercomputing), Sugon is the largest manufacturer in Asia and the first manufacturer amongst Chinese HPCs to be in the top 3 worldwide. However, international sanctions against Chinese companies, including Sugon, hinder the growth of the market.

Key Players

The key players in the global High Performance Computing market are IBM Corporation, Hewlett Packard Enterprise Company, Intel Corporation, Microsoft Corporation, Cisco Systems, Inc., Inspur, Inc., Fujitsu Ltd, Oracle Corporation, Dell, Inc., and Dawning Information Industry Co. Ltd. and Others.