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High Performance Computing Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Deployment Mode (On-premises, Cloud, and Hybrid), By Enterprise Type (Small & Medium-sized Enterprises and Large Enterprises), By Industry (Healthcare & Life Sciences, BFSI, Manufacturing, Energy & Utilities, Transportation, Government & Defense, Media & Entertainment, Education, and Others), and Regional Forecast, 2023-2030

Region : Global | Format: PDF | Report ID: FBI100636

 

KEY MARKET INSIGHTS

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The global high performance computing market size was valued at USD 46.01 billion in 2022 and is projected to grow from USD 49.99 billion in 2023 to USD 91.86 billion by 2030, exhibiting a CAGR of 9.1% during the forecast period.


High performance computing (HPC) refers to the practice of using groups of advanced computer systems to solve complex problems in scientific research, design, simulation, and business intelligence. The systems are characterized by their high computational power, large memory capacity, scalability, and high-speed interconnects, developing the capability to perform intricate computations.


A supercomputer is a type of HPC solution that is designed to handle complex simulations and calculations at a very high speed. Various use cases harness the power of supercomputers or high performance computing clusters to solve complex data-intensive computation tasks. The total number of supercomputers worldwide are increasing significantly as governments are investing in supercomputing to stay competitive in scientific research and technology development. In August 2023, the Government of India approved USD 2 billion for the expansion of the Digital India Program and announced plans to add nine more supercomputers under the National Super Computer Mission. Furthermore, in November 2023, the U.K. government announced an investment of USD 273 million into an artificial intelligence (AI) supercomputer.     


The market growth is primarily credited to the advancements in cloud and edge computing, robust government funding, increased computational demand, the rise of exascale computing, and evolving hardware and software technologies. Exascale computing refers to ultra-powerful supercomputing systems that can perform at least 1018 (one quintillion) calculations per second. Exascale computing represents a major milestone in the field of HPC. In 2022, the Frontier supercomputer at the U.S. Department of Energy’s Oak Ridge National Laboratory became the world’s first exascale supercomputer after performing more than one quintillion calculations per second.


COVID-19 IMPACT


Rising Demand for Computational Resources Propelled Market Expansion amid Pandemic


The pandemic presented significant opportunities to major companies for the high performance computing market growth. This was owing to the increased demand for computational resources in genomics, epidemiological modeling, drug discovery, and biomedical research. HPC played a pivotal role in studying large datasets and simulating intricate biological processes related to the coronavirus.


During the pandemic, the HPC consortium was formed through the collaborative efforts of IBM, the Office of Science and Technology Policy (OSTP), the U.S. Department of Energy (DOE), and the National Science Foundation (NSF) to offer researchers access to the world’s most powerful computing resources. This accelerated the development of COVID-19 vaccine.


In addition, the pandemic boosted the development of improved software tools and advanced high performance computing architecture to cater to the demands of data-intensive research. Major providers of computing hardware launched new products to assess probable solutions for the COVID-19 virus. For instance,



  • In 2020, NVIDIA Corporation, well-known for its expertise in Graphics Processing Units (GPUs) and AI technologies unveiled the A100 graphics processor to perform complex calculations related to artificial intelligence (AI) training genomics, and scientific simulation.                  


High Performance Computing Market Trends


Comprehensive Benefits Provided by Hybrid Cloud HPC Solutions to Aid Industry Expansion


Hybrid HPC is a combination of cloud and on-premises HPC. Hybrid HPC integrates the on-premises resources of a corporation with those on cloud operations using a unified interface, providing better flexibility for IT and engineering teams to work collaboratively. It also offers companies a choice of deployment options and can overcome the limitations of public clouds while providing all the benefits. Owing to the numerous benefits of hybrid HPC deployment, key players are increasingly offering hybrid high performance computing solutions to customers. For instance, IBM, a technology company specializing in hardware, software, and services offers a wide range of HPC solutions for hybrid cloud including the 4th Gen Intel Xeon Scalable processors.


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High Performance Computing Market Growth Factors


Technological Advancements Coupled with Robust Government Investments to Fuel Market Growth


The last several years have witnessed many advances in the field of HPC. These technological advancements include faster processors, improved high performance computing storage solutions, and high-speed interconnects. Academic and research institutions using HPC now have a wider range of cutting-edge HPC hardware to employ in their supercomputers. In 2022, Advanced Micro Devices, Inc., announced the 4th Gen AMD EPYC processors with up to 96 cores, 12 channels, and up to 384 GB of DDR5 memory, the new EPYC processors are specially designed for data-intensive workloads in HPC. In 2021, NVIDIA Corporation announced data center CPUs, known as ‘Grace’ for complex including natural language processing, recommender systems and AI supercomputing.


Robust government investments are another major factor boosting the HPC market growth. Government agencies and national laboratories invest in HPC for cybersecurity, defense simulations, nuclear research, surveillance, and clean energy. For instance,



  • In June 2023, The Department of Energy (DOE) in the U.S. has declared an investment of USD 3.9 million in high-performance computing (HPC) for the advancement of energy innovation. The primary goal of this investment is to facilitate the development of clean energy technologies, aligning with the objective of achieving net-zero carbon emissions by the year 2050.


RESTRAINING FACTORS


High Cost and Skill Gap to Restrain Industry Expansion


The expenses associated with the maintenance, development, and deployment of sophisticated HPC systems are considerably elevated. This has been recorded as these systems often come with a significant upfront cost, including software, hardware, and infrastructure expenses, which limits their adoption. An additional impediment to the growth of the market is the insufficient availability of skilled professionals in the dynamically evolving HPC sector. The demand for AI and HPC expertise is rising unprecedentedly across the globe. This has brought a considerable challenge for businesses as well as research institutes to deploy skilled workforce for critical roles. The scarcity of proficient professionals can be addressed through initiatives such as upskilling, reskilling, and making strategic investments in training and education.


High Performance Computing Market Segmentation Analysis


By Component Analysis


Hardware Segment to Dominate Owing to Increasing Computing Hardware Demand


Based on component, the market is subdivided into software, hardware, and services.


During the study period, it is expected that the hardware segment will dominate the high-performance computing market share. Commonly utilized computing hardware encompasses GPUs, CPUs, accelerators, interconnects, high-performance computing servers, and storage systems, among other components. The increasing digitization of enterprise operations is contributing to a substantial rise in the demand for robust computing hardware. Furthermore, the global proliferation of AI applications is fueling the need for potent computing hardware to execute AI programs.


The services segment is anticipated to grow with the highest CAGR over the study period. The HPC services include development, training, consultancy, and support for innovation and research. Consultancy services offer expertise in designing and implementing HPC solutions according to specific business requirements. R&D services help businesses explore advanced technologies to enhance HPC capabilities and cater to rapidly evolving computational challenges.   


By Deployment Mode Analysis


Cloud HPC to Exhibit the Highest Growth Rate on Account of Cost Efficiency and Easy Implementation


Based on deployment mode, the market is trifurcated into on-premises, cloud, and hybrid.


The cloud segment is expected to witness highest growth rate during the study period. The key factors driving the growing cloud HPC adoption are the benefits of agility, cost efficiency, backups, and recovery. The cloud computing deployment model helps enterprises minimize infrastructure investment. Enterprises are increasingly shifting HPC workloads to the cloud high performance computing environment to solve data-intensive workloads. Cloud HPC speeds up product development and research by reducing prototype requirements, and quick testing, lowering the time to market.   


The on-premises deployment is set to hold the largest share of the market during the study period as this deployment offers better control over security and compliance standards. On-premises HPC deployment is pivotal for BFSI and the healthcare industry to comply with strict regulatory requirements.      


By Enterprise Type Analysis


Large Enterprises Segment to Hold the Largest Share Owing to Assistance in Decision Making


Based on enterprise type, the market is divided into small & medium-sized enterprises and large enterprises.


The large enterprises segment is anticipated to hold the dominant market share during the forecast period. Large enterprises often deal with data-intensive workloads and complex simulation tasks. HPC helps large enterprises to run complex simulations, augmenting innovation and better decision making. In addition, HPC helps large businesses execute efficient big data analysis, revealing hidden patterns and trends that are challenging to discover with conventional computing methods. Owing to these factors, large enterprises are increasingly adopting HPC solutions to address rapidly evolving business challenges and stay ahead of the competitive curve.    


The small & medium-sized enterprises segment is set to exhibit prompt growth amid the analysis period. The adoption of advanced technologies such as HPC by SMEs is growing significantly as they recognize the advantages of faster processing and efficient data analysis. In addition, governments are increasingly supporting SMEs in adopting HPC through various initiatives. For instance, SHAPE (SME HPC Adoption Programme in Europe), a free Pan-European initiative offers European SMEs assistance in adopting HPC.    


By Industry Analysis


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Rapid HPC Adoption in Healthcare & Life Sciences Industry to Accelerate Research  


By industry, the market is segregated into BFSI, healthcare & life sciences, manufacturing, energy & utilities, transportation, government & defense, media & entertainment, education, and others.


The healthcare & life sciences segment is estimated to witness the highest growth rate during the study period owing to the increasing adoption of HPC to accelerate drug discovery for various diseases. The healthcare sector generates huge amounts of data and to process this vast volume of biological data, a huge amount of computing power is needed, which cannot be delivered by traditional computing methods. Owing to this problem, healthcare organizations are increasingly using advanced technologies such as HPC to analyze huge amounts of raw human biological data to discover new drugs for complex diseases and explore new opportunities for diagnosis and treatment.


The government & defense segment is anticipated to hold the largest market share during the projected period. Governments across the globe increasingly use HPC for scientific research, national security, weather forecasting, space exploration, and others. For instance,



  • In 2021, the U.S. Air Force's weather wing together with the Oak Ridge National Laboratory unveiled a new high-performance weather forecasting computer to offer a platform for some of the most cutting-edge weather modeling worldwide.


REGIONAL INSIGHTS


By geography, the market is segmented into five regions. These include North America, Europe, Asia Pacific, South America, and the Middle East & Africa.


North America High Performance Computing Market Size, 2022 (USD Billion)

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North America is estimated to record a major high performance computing market share owing to technological developments, presence of major computing software and hardware providers, and robust cloud computing adoption. The U.S. has upheld a dominant position in North America on account of robust R&D investments boosting technological innovation. For instance,



  • In September 2023, the University of Alabama announced a USD 96 million HPC research hub, spread across 40,000 square feet. The National Institute of Standards and Technology (NIST) contributed USD 44.5 million to this research hub while the Education Trust Fund of the University of Alabama provided USD 46 million.


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Asia Pacific market is anticipated to exhibit the highest growth rate over the analysis period due to the increasing cloud adoption and favorable government initiatives. This region is home to some of the key tech hubs across the world, such as India, Japan, China, and South Korea, attracting both local and global investments.


Acquisitions, product launches, collaborations, and partnerships by key players in the region contribute to the region’s market growth. For instance, 



  • In April 2022, Fujitsu, an information technology equipment and services company, launched “Fujitsu Computing as a Service” (CaaS). The service was launched to offer various computing resources such as technology used in the Arm-based “Fugaku” supercomputer and AI and machine learning software applications.


Europe’s market expansion is attributed to the surging Machine Learning (ML) and AI investments and the robust adoption of HPC in various industries including healthcare and automotive for complex simulations and data-intensive tasks. In addition, the European Union (EU) partners with numerous research organizations, universities, and institutes, propelling technological advancements. For instance,



  • In November 2022, the EU and Indian Government signed an agreement to enable cooperation on high performance computing applications employing European as well as Indian supercomputers in various areas including bio-molecular medicines, climate change, natural disasters, and quantum computing.  


South America market’s expansion is driven by the rapid cloud computing adoption. Brazil is anticipated to lead the regional market owing to the robust tech startup ecosystem.


The Middle East & Africa region exhibits substantial growth as government bodies and key financial entities are spending substantially on high-tech technologies.


List of Key High Performance Computing Market Companies


Key Market Players Bolster Positions through Continuous Development


The market is dominated by major players, including Hewlett Packard Enterprise Development LP, Amazon Web Services, Inc., Atos SE, Fujitsu, Dawning Information Industry Co., Ltd., Intel Corporation, IBM Corporation, Lenovo, Microsoft Corporation, NVIDIA Corporation, and various others. Key HPC players often invest heavily in R&D to explore advanced technologies, hardware, and software solutions to maintain their competitive edge. In addition, major players are increasing their market share by expanding their presence in developing economies. Key players have implemented additional significant strategies, encompassing product launches, acquisitions, partnerships collaborations, and mergers. For instance,



  • In November 2020, Atos SE, an information technology services company, announced a new HPC Software suite to enable effective management of supercomputing environments, optimize performance, and lower energy consumption.      


List of Key Companies Profiled:



KEY INDUSTRY DEVELOPMENTS:



  • December 2023: Lenovo, a company offering computer hardware, software, and services, extended the HPC system “LISE” at the Zuse Institute Berlin (ZIB). This expansion would provide researchers at the institute with high computing power required to execute data-intensive applications. The major focus of this expansion is to enhance the energy efficiency of “LISE”.

  • August 2023: atNorth, a data center services company, announced the acquisition of Gompute, the HPC cloud platform offering Cloud HPC services, as well as on-premises and hybrid cloud solutions. Under the terms of the agreement, atNorth would add Gompute’s data center to its portfolio.

  • July 2023: HCL Technologies Limited, a consulting and information technology services firm, extended its collaboration with Microsoft Corporation to provide HPC solutions, such as advanced analytics, ML, core infrastructure, and simulations, for clients across numerous sectors.

  • June 2023: Leostream, a cloud-based desktop provider, launched new features designed to enhance HPC workloads on AWS EC2. The company develops zero-trust architecture around HPC workloads to deliver cost-effective and secure resources to users on virtual machines.

  • November 2022: Intel Corporation, a global technology company, launched the latest advanced processors for HPC, artificial intelligence (AI), and supercomputing. These processors include data center version GPUs and 4th Gen Xeon Scalable CPUs.


REPORT COVERAGE


An Infographic Representation of High Performance Computing (HPC) and High Performance Data Analytics (HPDA) Market

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The high performance computing market research report offers qualitative and quantitative insights into the market and a detailed analysis of the size and growth rate for all possible segments in the market. It also provides an elaborative analysis of market dynamics, emerging trends, and the competitive landscape. The report also offers key insights, such as the implementation of automation in specific market segments, recent industry developments such as partnerships, mergers, funding, acquisitions, consolidated SWOT analysis of key players, business strategies of leading market players, macro and micro economic indicators, and major industry trends. This detailed analysis provides a comprehensive view of the market and its potential for growth and development.


REPORT SCOPE & SEGMENTATION










































ATTRIBUTE



DETAILS



Study Period



2017 - 2030



Base Year



2022



Estimated Year



2023



Forecast Period



2023 – 2030



Historical Period



2017 - 2021



Growth Rate



CAGR of 9.1% from 2023 to 2030



Unit



Value (USD billion)



Segmentation



By Component



  • Hardware

  • Software

  • Services


By Deployment Mode



  • On-premises

  • Cloud

  • Hybrid


By Enterprise Type



  • Small & Medium-sized Enterprises

  • Large Enterprises


By Industry



  • Healthcare & Life Sciences

  • BFSI

  • Manufacturing

  • Energy & Utilities

  • Transportation

  • Government & Defense

  • Media & Entertainment

  • Education

  • Others (Retail)


By Region



  • North America

    • U.S. (By Industry)

    • Canada (By Industry)

    • Mexico (By Industry)



  • South America

    • Brazil (By Industry)

    • Argentina (By Industry)

    • Rest of South America



  • Europe

    • U.K. (By Industry)

    • Germany (By Industry)

    • France (By Industry)

    • Italy (By Industry)

    • Spain (By Industry)

    • Russia (By Industry)

    • Benelux (By Industry)

    • Nordics (By Industry)

    • Rest of Europe



  • Middle East & Africa

    • Turkey (By Industry)

    • Israel (By Industry)

    • GCC (By Industry)

    • North Africa (By Industry)

    • South Africa (By Industry)

    • Rest of the Middle East & Africa



  • Asia Pacific

    • China (By Industry)

    • India (By Industry)

    • Japan (By Industry)

    • South Korea (By Industry)

    • ASEAN (By Industry)

    • Oceania (By Industry)

    • Rest of Asia Pacific





Frequently Asked Questions

According to Fortune Business Insights, the global market is predicted to reach USD 91.86 billion by 2030.

In 2022, the market value stood at USD 46.01 billion.

The market is projected to grow at a CAGR of 9.1% during the forecast period (2023 – 2030).

Based on deployment mode, the on-premises HPC segment leads the market.

Increasing cloud computing adoption coupled with robust government investments in advanced technologies is a key factor aiding the market growth.

Some of the top players in the market are Microsoft Corporation, Amazon Web Services, Inc., Intel Corporation, NVIDIA Corporation, and others.

North America is expected to record a dominant market share due to the presence of major market players in this region.

By industry, the healthcare & life sciences segment is expected to witness the highest rate during the forecast period.

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