Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “Global High-Performance Computing (HPC) as a Service Market” that contains information from 2019 to 2035.
The HPC as a Service market is estimated to register a CAGR of 6.36% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global High-Performance Computing (HPC) as a Service Market: IBM Corporation, Hewlett Packard Enterprise Company, Dell Inc., Microsoft Corporation, Intel Corporation, Fujitsu Ltd., Cisco Systems Inc., Oracle Corporation, Hitachi Ltd., and Advanced Micro Devices Inc.
High-Performance Computing as a Service Market Highlights
The Global High-Performance Computing (HPC) as a Service Market is expected to register a CAGR of 6.36% during the forecast period and is estimated to reach USD 76.45 Billion by 2035, up from USD 38.79 Billion in 2024. The rise in data generation, rapid integration of IoT, and increasing potent computation across the BFSI, healthcare, and manufacturing industries continue to drive the market growth.
Organizations seek cloud-based HPC due to the need to balance cost and scalability. Companies can process enormous datasets and intricate simulations without over-investing in infrastructure. The demand for high-performance computing is also increasing due to AI and machine learning, since many businesses need faster computing and real-time analytics.
In 2022, the solutions segment garnered 35% of the total market revenue, due to the increasing need for the complex processing of data. The SME segment cloud-based HPC services adoption also grew exponentially due to the need for high-end computing resources that are scalable and affordable.
In 2022, North America has the largest share of the market due to the early adoption of advanced technologies and HPC service providers. In contrast, the Asia-Pacific region is expected to rise at the highest CAGR of ~8.9% in which China and India are expected to lead because of government funding in supercomputers and cloud infrastructure.
Segment Analysis
The Global High-Performance Computing (HPC) as a Service Market has been segmented based on Component, Organization Size, Deployment, Vertical, and Region.
By Component: The Solutions segment dominated the market, accounting for 35% of total revenue in 2022, attributed to rising demand for advanced computation and workflow optimization tools.
By Organization Size: The SMEs segment generated the most income as small and medium enterprises increasingly rely on cloud-based HPC solutions to handle large-scale computational workloads.
By Deployment: The Private Cloud segment held the largest market share in 2022 due to cost efficiency, enhanced data control, and improved operational flexibility.
By Vertical: The BFSI sector dominated in 2022, driven by the need for real-time analytics, risk management, and secure transaction processing. Other growing verticals include healthcare, manufacturing, and energy, where HPC is vital for simulations and data-intensive applications.
Region Analysis
By Region, the High-Performance Computing (HPC) as a Service Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
North America accounted for the largest share of the market in 2022, supported by technological leadership, widespread adoption of cloud infrastructure, and investments from major corporations like IBM, Microsoft, and Dell Technologies.
Europe is witnessing substantial growth due to cloud adoption initiatives and the presence of key players such as NVIDIA, AMD, and HPE focusing on HPC modernization.
Asia-Pacific is expected to exhibit the fastest growth, with China and India investing heavily in supercomputing projects and cloud data centers. China’s advancements in exascale computing (e.g., Tianhe-2 and Sunway TaihuLight) demonstrate the region’s growing leadership in high-performance computing.
Key Findings of the Study
· The Global High-Performance Computing (HPC) as a Service Market is expected to reach USD 76.45 Billion by 2035, growing at a CAGR of 6.36% during the forecast period.
· The Asia-Pacific region is projected to grow at the highest CAGR of approximately 8.9%.
· Based on Deployment, the Private Cloud segment held the largest market share in 2022.
· Based on Vertical, the BFSI sector dominated the market in 2022 due to high computational requirements.
· Key market players include IBM Corporation, Hewlett Packard Enterprise Company, Dell Inc., Microsoft Corporation, Intel Corporation, Fujitsu Ltd., Cisco Systems Inc., Oracle Corporation, Hitachi Ltd., and Advanced Micro Devices Inc.
Industry Developments
· Q2 2024: Microsoft launched Azure Quantum Elements, a cloud-based platform designed to accelerate scientific discovery through high-performance computing capabilities.
· Q2 2024: HPE announced the acquisition of Juniper Networks for USD 14 billion to enhance its HPC and AI service portfolio.
· Q1 2024: IBM and NVIDIA formed a strategic partnership to deliver AI-powered HPCaaS solutions integrating GPU technology.
· Q2 2024: Oracle opened a new cloud region in Madrid to expand its HPC service coverage in Europe.
· Q1 2024: Dell Technologies introduced Apex High Performance Computing as a Service, offering scalable, on-demand HPC resources.
· Q2 2024: Google Cloud and Siemens collaborated to deliver industrial HPCaaS solutions for manufacturing and engineering.
Future Outlook
The Global High-Performance Computing (HPC) as a Service Market is expected to remain a cornerstone of digital transformation, enabling innovation in AI, genomics, and advanced analytics.
Future opportunities include:
· Creating tailored high-performance computing systems for genomics, climate modeling, and automotive design.
· Broadening partnerships with global cloud service providers for increased flexibility and reach.
· Using AI-focused research to fine-tune resource allocation and improve performance for predictive analytics within systems.
· By 2035, HPC as a Service is expected to play a pivotal role in shaping the future of computation, empowering organizations with scalable, intelligent, and sustainable computing infrastructure.
Report Link- https://www.marketresearchfuture.com/reports/high-performance-computing-as-a-service-market-7345