Cloud High-Performance Computing Market Research Report Information By Components (Solutions, Servers, Storage, Networking Devices, Software, Services, Design, Consulting, Integration, and Deployment, Support and Maintenance, Management), Deployment (Cloud, On-premises), Organization Size(Small and Medium-sized Enterprises (SMEs), Large Enterprises), Application Areas(Government and Defense, BFSI, Education and Research, Manufacturing, Media, and entertainment, Healthcare and Life Sciences, Energy and Utilities) Regions – Forecast Till 2030

Cloud High Performance Computing Market Summary

As per Market Research Future Analysis, the Cloud High-Performance Computing Market was valued at USD 5.5 billion in 2022 and is projected to reach USD 16.19338 billion by 2030, growing at a CAGR of 16.68% from 2023 to 2030. The market is driven by the increasing demand for high-performance hybrid computing solutions and the ability to process large volumes of data quickly and accurately. Key sectors adopting these solutions include finance, healthcare, and government, where rapid data processing is critical.

Key Market Trends & Highlights

The market is witnessing significant trends driven by hybrid cloud solutions and technological advancements.

• Hybrid cloud HPC solutions are enhancing efficiencies and addressing security concerns.
• The on-premises segment held the largest market share in 2022, while the cloud segment is expected to grow at a CAGR of over 8.5%.
• Manufacturing is the largest application area, with significant growth anticipated in government and defense, projected to grow at a CAGR exceeding 9.0%.

Market Size & Forecast

2022 Market Size: USD 5.5 Billion

2030 Market Size: USD 16.19338 Billion

CAGR (2023-2030): 16.68%

Largest Regional Market Share in 2022: North America.

Major Players

Key players include AMD, Intel, NVIDIA, Dassault Systems, AWS, HPE, Sugon, IBM, Atos, Fujitsu, Cisco, Dell, and Lenovo.

Fig 1: Cloud High-Performance Computing Market Overview

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Cloud High-Performance Computing Market Trends

Hybrid Cloud High-Performance Computing solutions driving the market growth

The growing demand for cloud high-performance computing solutions and increasing technological advancements, organizations today focus on hybrid cloud high-performance Computing solutions. IT teams are fiercely working to balance cloud and on-premises CHPC solutions. Enterprises are scaling out on-premises CHPC resources as needed. Simultaneously, cloud service providers (CSPs) have also started to offer turn-key cloud high-performance computing market solution environments tailored to enterprises' specific workload needs. A hybrid CHPC solution results in better efficiencies. Apart from this, it also helps resolve security and privacy concerns and lowers maintenance costs. Therefore, the increasing focus on hybrid cloud high-performance computing solutions is expected to provide tremendous opportunities for the growth of the cloud high-performance computing market. The capacity of HPC systems to process huge amounts of data at high speeds encourages academic institutions, defense agencies, energy companies, government agencies, and the utility sector to adopt HPC systems, which also helps expand the high-performance computing market CAGR.

Additionally, the growing demand for high-efficiency computing, advancements in virtualization, and continued diversification and expansion of the IT industry. Cloud high-performance computing market is the ability of cloud high-performance computing market solutions to process large volumes of data quickly and accurately. The industry verticals function as prominent market segments where the market applications are encountering slow and inefficient data processing issues, including areas like finance, medical, research, seismic exploration, government, and others like defense. The quick-paced nature of the financial market, which is additionally volatile, makes vitality crucial so that the derivative valuations are processed faster and more accurately. In the medical field, the prominent emergence of market applications such as computed tomography (CT) scanning and magnetic resonance imaging (MRI) require quick, accurate results from processing complex algorithms. CHPC helps them considerably reduce computing time and simplifies the CT and MRI data processes quickly and accurately are the main factor driving the cloud high-performance computing market revenue.

Cloud High-Performance Computing Market Segment Insights

Cloud High-Performance Computing Components Insights

Based on components, the Cloud High-Performance Computing Market segmentation includes solutions, servers, storage, networking devices, software, services, design and consulting, integration and deployment, support and maintenance, and management. The servers segment held the largest market share in 2022 and is anticipated to grow significantly during the forecast period. The growth can be attributed to the increase in the number of data centers, as various small and mid-size enterprises (SMEs). Furthermore, many businesses are in the process of investing in on-premises and colocation infrastructure to support the growing demand for public cloud services.

The services segment accounted for over 9.0% of the market share in 2022 and is expected to grow at a CAGR exceeding 5.0% from 2023 to 2030. HPC vendors provide various services, including maintenance, support, and management. Support is especially required during installing HPC systems and their initial use. On the other hand, maintenance services involve upgrading existing systems and troubleshooting. Owing to this, the market size of the services segment is expected to surpass USD 7,000 million over the forecast period.

April 2022 CGG is significantly expanding its high-performance computing (HPC) capacity and accompanying service offerings to enable continuous distinction in its core business and speed up the development of new operations. The business has acquired a lease to construct a European HPC hub in Southeast England, which would go live in H1 2023 and expand its cloud HPC capacity by up to 100 petaflops.

February 2022Ansys established a strategic partnership with Amazon Web Services, Inc. The partnership would allow Ansys products to be deployed on AWS, making simulation workloads more user-friendly while also providing scalability and flexibility with simple access to software and storage solutions from anywhere via a web browser, and the collaboration extends cloud-based high-performance computing (HPC) to promote electronic design automation (EDA), computer-aided engineering (CAE), and simulation solutions.

Cloud High-Performance Computing Based on Deployment Insights

Based on deployment, the Cloud High-Performance Computing Market segmentation includes cloud, on-premises. The on-premise segment held the largest market share in 2022 and is anticipated to experience significant growth during the forecast period. While governments remain keen on securing sensitive data related to national security and citizens' data, enterprises are concerned about protecting their respective organizational data. As a result, an on-premise infrastructure is still preferred over a cloud-based infrastructure. The cloud segment is expected to grow at the highest CAGR of over 8.5% during the forecast period. Cloud deployment allows organizations to reduce operational costs due to the zero requirements of additional in-house computing resources. Other advantages, such as increased efficiency and cost-effectiveness, are expected to fuel the cloud segment's growth.

Figure2: Cloud High-Performance Computing Market, Based on Deployment,2022 & 2030 (USD billion)

Source Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Cloud High-Performance Computing Organization Size Insights

Based on organization size ,the global cloud high-performance computing industry includes small and medium-sized enterprises (SMEs), large enterprises. The Large Enterprises segment held the largest market share in 2022 and is anticipated to experience significant growth during the forecast period. However, The potential users in many SMEs need more awareness about the benefits of cloud high-performance computing and more money to set up such systems. Due to the high investment costs, SMEs in many developing nations still need to be convinced about adopting cloud high-performance computing. Many need to know the advantages of cloud high-performance computing, such as better performance and customizable delivery. These enterprises also need more technical expertise to establish and run a cloud high-performance computing system. However, cloud computing can boost the use of cloud high-performance computing among SMEs, as it will considerably cut down their costs.

April 2021 Cloud High-Performance Computing Market was awarded USD 40 Million SGD to build a new supercomputer for the National Supercomputing Centre (NSCC) Singapore, the national high-performance computing (CLOUD HIGH-PERFORMANCE COMPUTING) resource center dedicated to supporting science and engineering computing needs for academic, research, and industry communities.

April 2021 NVIDIA launched its first data center CPU. This Arm-based processor delivers 10x the performance of the current fastest servers on the most complex AI and Cloud High-Performance Computing Market workloads.

Cloud High-Performance Computing Application Areas Insights

Based on application, the Cloud High-Performance Computing Market data includes Government and Defense, BFSI, Education and Research, manufacturing, Media and entertainment, Healthcare and Life Sciences, Energy and Utilities, and Earth Sciences. The Manufacturing segment held the largest market share in 2022 and is anticipated to experience significant growth during the forecast period. Manufacturing processes tend to be computation-intensive and time-consuming. Hence, incumbents of the manufacturing industry often adopt simulation and CAD software along with HPC systems. HPC systems can be particularly useful for computational fluid dynamics, structural mechanics, and electromagnetic in the manufacturing industry. These attributes enhance performance, improve computational speeds, and ensure rapid access to data. However, the government & defense segment is predicted to grow at a CAGR exceeding 9.0% during the forecast period. While defense agencies are anticipated to aggressively adopt cutting-edge IT solutions to improve computing efficiency, government agencies are expected to adopt HPC systems to support digitization initiatives and contribute to economic development.

Cloud High-Performance Computing Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Cloud High-Performance Computing market area will dominate this market, owing to an increase in the number of Performance Computing Market solutions to process large volumes of data with speed and accuracy and the increasing preference for high-performance hybrid computing (HPC) solutions will boost the market growth in this Region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure3:  CLOUD HIGH PERFORMANCE COMPUTING MARKET  SHARE BY REGION 2022 (%)

Source Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Europe's Cloud High-Performance Computing market accounts for the second-largest market share due to the accuracy and the increasing preference for high-performance hybrid computing (HPC) solutions. Further, the German Cloud High-Performance Computing market held the largest market share, and the UK Cloud High-Performance Computing market was the fastest-growing market in the European Region.

The Asia-Pacific Cloud High-Performance Computing Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the growing adoption of HPC systems for scientific research and weather forecasting. Moreover, China’s Cloud High-Performance Computing market held the largest market share, and the Indian Cloud High-Performance Computing market was the fastest-growing market in the Asia-Pacific region.

Cloud High-Performance Computing Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Cloud High-Performance Computing market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Cloud High-Performance Computing industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Cloud High-Performance Computing industry to benefit clients and increase the market sector. In recent years, the Cloud High-Performance Computing industry has offered healthcare some of the most significant advantages. Major players in the Cloud High-Performance Computing market, including AMD (US), Dassault Systems (France), Intel (US), NVIDIA (US), AWS (US), HPE (US), Sugon (China), IBM (US) Atos (US) Fujitsu (Japan) Cisco (US) Dell (US) Lenovo (China)., and others, are attempting to increase market demand by investing in research and development operations.

NVIDIA has been a pioneer in accelerated computing. The company's invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, and ignited the era of modernity, fueling the creation of the metaverse. NVIDIA is now a full-stack computing company with data-center-scale offerings reshaping the industry. NVIDIA launched its first data center CPU. This Arm-based processor delivers 10x the performance of the current fastest servers on the most complex AI and Cloud High-Performance Computing Market workloads.

Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys. Ansys specializes in Design Optimization, Finite Element Analysis (FEA, FEM), Computational Fluid Dynamics (CFD), Electromagnetics, Explicit Dynamics, Consulting, Grid Generation, Meshing, Multi-body Dynamics, Multiphysics, FSI, Virtual Prototyping, Structural Analysis, Engineering Simulation.Ansys established a strategic partnership with Amazon Web Services, Inc. The partnership would allow Ansys products to be deployed on AWS, making simulation workloads more user-friendly while also providing scalability and flexibility with simple access to software and storage solutions from anywhere via a web browser, and the collaboration extends cloud-based high-performance computing (HPC) to promote electronic design automation (EDA), computer-aided engineering (CAE), and simulation solutions.

Key Companies in the weight loss products market include

• AMD (US)
• Intel (US)
• NVIDIA (US)
• Dassault Systems (France)
• AWS (US)
• HPE (US)
• Sugon (China)
• IBM (US)
• Atos (US)
• Fujitsu (Japan)
• Cisco (US)
• Dell (US)
• Lenovo (China)
• Brunswick Corporation

Cloud High Performance Computing Industry Developments

• Q2 2024: Microsoft launches Azure ND H100 v5 VM for high-performance cloud AI workloads Microsoft announced the general availability of its Azure ND H100 v5 virtual machines, powered by NVIDIA H100 Tensor Core GPUs, targeting cloud-based high-performance computing and AI workloads.
• Q2 2024: Amazon Web Services unveils new HPC-optimized EC2 instances AWS introduced new EC2 instances designed for high-performance computing in the cloud, featuring enhanced networking and storage capabilities for scientific and engineering workloads.
• Q2 2024: Google Cloud partners with Rescale to expand cloud HPC offerings Google Cloud announced a strategic partnership with Rescale to deliver advanced cloud high-performance computing solutions for enterprise and research customers.
• Q2 2024: NVIDIA launches DGX Cloud in Europe for AI and HPC workloads NVIDIA expanded its DGX Cloud service to European data centers, enabling customers to access high-performance computing resources for AI model training and scientific research.
• Q1 2024: Oracle opens new cloud region in Spain with focus on HPC services Oracle launched a new cloud region in Madrid, Spain, with dedicated infrastructure for high-performance computing workloads, targeting European enterprise and public sector clients.
• Q1 2024: IBM and Red Hat announce joint HPC cloud platform for scientific research IBM and Red Hat unveiled a new cloud-based high-performance computing platform aimed at accelerating scientific discovery through scalable, open-source technologies.
• Q2 2024: Hewlett Packard Enterprise wins $100M contract for cloud HPC at U.S. national lab HPE secured a $100 million contract to provide cloud-based high-performance computing infrastructure to a major U.S. national laboratory, supporting advanced research initiatives.
• Q2 2024: Google Cloud launches new HPC toolkit for genomics research Google Cloud released a specialized toolkit for genomics researchers, enabling scalable high-performance computing workflows in the cloud for large-scale DNA analysis.
• Q1 2024: Alibaba Cloud launches next-generation HPC cluster service Alibaba Cloud introduced a new high-performance computing cluster service, featuring advanced interconnects and GPU acceleration for scientific and engineering applications.
• Q2 2024: Microsoft partners with BioNTech for cloud-based HPC in vaccine research Microsoft announced a partnership with BioNTech to provide cloud high-performance computing resources for accelerating vaccine development and biomedical research.
• Q1 2024: Startup Cerebras Systems raises $150M to expand cloud HPC AI platform Cerebras Systems secured $150 million in new funding to scale its cloud-based high-performance computing platform for artificial intelligence applications.
• Q2 2024: AWS partners with Siemens for cloud HPC in industrial engineering Amazon Web Services and Siemens announced a collaboration to deliver cloud-based high-performance computing solutions for industrial engineering and simulation workloads.

Cloud High-Performance Computing Market Segmentation

Cloud High-Performance Computing Components Outlook

• Solutions
• Servers
• Storage
• Networking Devices
• Software
• Services
• Design and Consulting
• Integration and Deployment
• Support and Maintenance
• Management

Cloud High-Performance Computing Deployment Outlook

• Cloud
• On-premises

Cloud High-Performance Computing Organization Size Outlook

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Cloud High-Performance Computing Application Areas Outlook

• Government and Defense
• BFSI
• Education and Research
• Manufacturing
• Media and entertainment
• Healthcare and Life Sciences
• Energy and Utilities
• Earth Sciences

Cloud High-Performance Computing Regional Outlook

• North America

  • US

  • Canada

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• Rest of the World

  • Middle East

  • Africa

  • Latin America

Report Attribute/Metric	Details
Market Size2022	USD 5.5 billion
Market Size 2023	USD 6.4174 billion
Market Size 2030	USD 16.1933billion
Compound Annual Growth Rate (CAGR)	16.68% (2023-2030)
Base Year	2022
Market Forecast Period	2023-2030
Historical Data	2019- 2021
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Components, Deployment, Organization Size, Application, and Region
Geographies Covered	North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered	The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled	AMD (US) Dassault Systems (France) Intel (US) NVIDIA (US) AWS (US) HPE (US) Sugon (China) IBM (US) Atos (US) Fujitsu (Japan) Cisco (US) Dell (US) Lenovo (China)
Key Market Opportunities	Increasing Adoption of HPC in the Cloud
Key Market Dynamics	The industry verticals function as prominent market segments where the market applications are encountering slow and inefficient data processing issues, including areas like finance, medical, research, seismic exploration, government, and others like defense.