High Performance Computing (HPC) Market Research Report- Forecast to 2030

High Performance Computing (HPC) Market Research Report, by Deployment (On Premise, On Cloud), by Vertical (BFSI, Manufacturing, Retail, Healthcare), by Component (Storage, Software, Server) – Forecast till 2030

ID: MRFR/ICT/2005-CR | March 2018 | Region: Global | 100 Pages         

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High Performance Computing Market

High Performance Computing Market is expected to reach a market value of USD 69.82 Billion by 2030 growing with 7.03% CAGR
Market Size
CAGR
Dominating Region
Forecast Period
$69.82 Billion
7.03%
North America
2022–2030
Segmentation
By Deployment
By Vertical
By Component
  • On Premise
  • On Cloud
  • BFSI
  • Manufacturing
  • Retail
  • Healthcare
  • Storage
  • Software
  • Server
Companies Profiled
Key Players
Machines Corporation
Advanced Micro Devices Inc.
Hewlett Packard Enterprise
Intel Corporation
Lenovo Group Limited
Dell Inc.
Atos SE
Cisco Systems Inc.
Nvidia Corporation
Amazon Web Services
Market Driving Forces
Drivers
High-performance Computing
Complex application management
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High-performance Computing (HPC) Market Overview:

The High Performance Computing Market generated USD 31 billion in 2017 and is expected to reach a market value of USD 69.82 Billion by 2030 growing with a 7.03% CAGR.If you're wondering where high-performance computing was used then here's the answer. High-performance computing was earlier used for training and simulation, a navigation system, which is mostly used in defense and aerospace. There are industrial verticals that require high-performance computing capabilities which results in high-performance computing. High-performance computing technology is emerging mostly in the fields of the government sector for its national defense and security requirements.


Covid19 Analysis:Due to the current situation of coronavirus, The new system of work from home was introduced. This system helped the high-performance computing market in solving high amounts of mathematical calculation and computation capabilities to resolve business issues.High-performance Computing (HPC) Market Dynamics:Drivers:The factors that drive the growth of high-performance computing are higher use of this technology in governmental sectors as well as in solving complex, scientific, and business area problems. These uses and applications make it an area of demand as well as investment. In addition to this high-performance computing is supported and identified at a higher rate due to the adoption in government, industrial, and enterprise applications. Also, high-performance computing is needed due to the adoption of cloud High-performance and complex application management. Opportunities:There are numerous opportunities present in the high-performance computing market. Some of the opportunities include adopting high-performance computing in the countries of the US in different industries which have held many industries and enterprises to discover new things and innovate their products as well as services.

The opportunities include high-performance computing in aerospace, automotive, steel and welding, consumer packaged goods and manufacturing, energy consumption and production, health care, finance, sports and entertainment, weather forecast, and space research.


Restraints:Some factors hinder the growth of the high-performance computing market. These factors include the lack of expertise in the high cost of high-performance computing maintenance. Also, the lack of advancements that are to be made in high-performance workstations is one of the restraining factors of the high-performance computing market.Value Chain Analysis:High-performance computing is important as well as beneficial in many ways. The benefits include the use of high-performance computing in the development and design of advanced vehicles. High-performance computing is also used in weapons and high-resolution image processing. High-performance computing can be used in satellite mapping and cryptographic analysis. These factors make high-performance computing one of the reasons that tend the government to invest in the high-performance computing market. High-performance computing is used in aerospace, automotive, steel and welding, consumer packaged goods and manufacturing, energy consumption and production, health care, finance, sports and entertainment, weather forecast, and space research. High-performance Computing (HPC) Market Segmentation:The high-performance computing market is segmented based on the component, based on the deployment, based on the vertical, and based on the geography into the following. Based on the Component:Based on components, the global market of HPC is divided into solutions, servers, and services. The server segment dominated the high-performance computing market in the year 2017. It is estimated to grow at a rate of 12% CAGR. On the other hand, networking devices are projected to show the fastest growth.Based on the Deployment:The global high-performance computing market is divided based on deployment into cloud-based and on-premises. The on-premise deployment segment is dominating the market since 2017. It is on cloud is all expected to show some fastest-growing deployment methods for high-performance computing marketing in upcoming years.Based on the Application:On the application basis, the high-performance computing market is divided into health care, gaming, retail, BFSI, government, manufacturing, IT and telecommunication, education, transportation, and others. The BFSI segment has dominated the market since 2017 and is expected to show a compound annual growth rate of 8 percent. The IT and telecommunication, and health care sectors are expected to drive the market the highest during the forecasted period of 2017 to 2023.Based on the Geography:On a geographic basis, the high-performance computing market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. With that being said, North America holds the largest market share. And the Asia Pacific is expected to show the fastest growth rate.High-performance Computing (HPC) Market Regional Analysis:The high-performance computing market is divided into the following regions- North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is leading the market by holding the largest market share since the year of 2017. The technological advancements in North America as well as the developing supercomputing facilities are the major factors considered for the high growth rate of North America. In addition to this, the US is the leading market whereas other countries like Canada are expected to show high growth rates in the upcoming future.


The region of Asia Pacific is also one of the fastest-growing market for high-performance computing. The factors for such a fast-growing market are due to the increasing adoption of high-performance computing for weather forecasting and research activities. 


The rest of the regions are expected to show a steady growth rate during the forecasted period of 2017 to 2023.


Competitive Landscape:The prominent key players of the HPC market in the global market are mentioned down below.

All these prominent key players play a major road in the dynamics and growth of the HPC market. These major key players opt for many strategies, new production processes, collaborations, technology widening the existing products, partnerships, etc. All these strategies are opted to get the needs of customers and develop a strong potential growth base. The High Performance Computing Market has generated USD 31 billion in 2017 and is expected to reach a market value of USD 50 billion by 2023 growing with 8% CAGR.


Recent Developments:Given below are few recent developments seen in the high-performance computing market-


New investments and developments made in the field of industries and enterprises that have discovered new things in innovative their production services. Technologies have started rising due to the huge need for data computations that can be met by high-performance computing systems.Report Overview:The global HPC market in the global market research report consists of the following elements which are mentioned down below-

  • Market overview

  • Covid 19 analysis

  • Market dynamics

  • Market segmentation

  • Regional analysis

  • Competitive landscape

  • Recent developments

  • Intended audience


In the global HPC market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of HPCs. Various factors restrain the growth of HPCs and hamper the development of such a fine-based market. The research report also consists of various analyses based on Covid 19 impact market dynamics, different segmentations, regional analysis, and the HPC market. In 2017, the value of the high-performance computing market reached 31 billion. It is expected that by 2023, High Performance Computing Market has generated USD 31 billion in 2017 and is expected to reach a market value of USD 50 billion by 2023 growing with 8% CAGR.


Intended audience:Given below is the intended audience of the high-performance computing market-

  • HPC vendors

  • System integrators

  • Consultancy and advisory firms

  • End-Users

  • Data integration service providers

  • Managed service providers

  • Enterprise customers



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 69.82 Billion
  CAGR   7.30%
  Base Year   2021
  Forecast Period   2022–2030
  Historical Data   2018-2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Deployment, Component
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   Machines Corporation Advanced Micro Devices Inc. Hewlett Packard Enterprise Intel Corporation Lenovo Group Limited Dell Inc. Atos SE Cisco Systems Inc. Nvidia Corporation Amazon Web Services
  Key Market Opportunities   There are numerous opportunities present in the high-performance computing market.
  Key Market Drivers   The factors that drive the growth of high-performance computing are higher use of this technology in governmental sectors as well as in solving complex, scientific, and business area problems.


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Frequently Asked Questions (FAQ) :

The High-Performance Computing Market was worth USD 31 billion in 2022 and is expected to be worth USD 69.82 billion by 2030, at a CAGR of 7.30%.

The key growth factors are high rate adoption of HPC in government, industrial and enterprise application, rising capabilities of computation as well as the adoption of high-performance computing.

The High Performance Computing Market is expected to grow at a rate of 7.30% CAGR.

North America region has emerged as the fastest-growing market in the market of high performance computing.

IBM Corporation, Cisco Systems, Microsoft Corporation, Dell, Inc., Intel Corporation, Fujitsu Ltd, Inc., Hitachi Ltd, Oracle Corporation are highly investing in the market’s growth.

The Global High Performance Computing Market is expected to grow at a compound annual growth rate of 7.03% from 2022 to 2030.

Component, deployment, and verticals are the key segments mentioned in the study of the global high-performance computing market.