Segmentation | |||||||||||||||||
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Companies Profiled | |
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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 | |
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Drivers | |
High-performance Computing | |
Complex application management |
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.
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.
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.Â
The rest of the regions are expected to show a steady growth rate during the forecasted period of 2017 to 2023.
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-
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.
Report Attribute/Metric | Details |
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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. |
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.