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High-performance Computing Market By Component (Solutions, Services) By Computation Type (Parallel Computing, Distributed Computing, Exascale computing) By Deployment (Cloud, On-Premises) By Organisation Size (Small and Medium-Sized Enterprises (MSME), Large Enterprises) - Growth, Future Prospects, and Competitive Analysis, 2016 - 2028

Market Introduction of High-performance Computing Market

In science, business, and engineering disciplines, high-performance computing is the technique of pooling computer power to give high-performance capabilities in solving numerous tasks. All different servers and micro servers are employed in HPC systems while doing highly computational or data-intensive activities. Currently, HPC is vital to nations because it has a strong correlation to both economic competitiveness and scientific advancement. A few main drivers influencing the growth of the HPC market are the faster computing capabilities of micro servers or HPC systems, greater performance efficiency, and smarter deployment & management with high quality of service.

What is the Market Size of High-performance Computing in terms of value?

The market for high-performance computing is expected to grow significantly over the next few years, at a CAGR of 6.50%. The market for high-performance computing was estimated to be worth USD 35.1 billion in 2021 and was expected to be worth USD 51.21 billion by 2028. The demand for high-performance computing is anticipated to grow significantly in the upcoming years. During the forecast period between 2022 and 2028, it is anticipated to create revenue potential for the key industry participants worth USD 16.11 billion.

Which is the key part segment in the High-performance Computing Market?

The USD 250,000 – 500,000 segment registered a revenue share of over 55.0% of the total High-performance Computing in 2021. Supercomputer and divisional systems groupings fall into the USD 250,000–$500,000 and higher server price band. These systems were created based on cutting-edge HPC infrastructures to address complicated issues quickly. They are composed of numerous distributed memory computer nodes coupled together and under the supervision of a single master unit. These servers run on two different operating systems, namely Windows and Linux. Supercomputing, another name for HPC, envisions using parallel processing to handle data more quickly and accurately and produce useful outputs. By dividing the program instructions among numerous processors, parallel processing can be accomplished, substantially reducing the time needed to run algorithms.

Interesting Facts about High-performance Computing Industry

  • The top countries in the High-performance Computing market are the US, Mexico, Canada, China, Germany, and France.
  • Some factors anticipated to drive the market's growth include the rising demand for high-efficiency computing, the ongoing diversification and expansion of the IT industry, technological advancements in virtualization, and the rising popularity of hybrid High-Performance Computing (HPC) solutions.
  • The increasing use of HPC systems has made data security a major worry, which is anticipated to restrain the growth of the high-performance computing market throughout the forecast period. 
  • In terms of volume and value, the North America region dominated the high-performance computing market in 2021. It is anticipated that this dominance will last throughout the forecast period.
  • The banking, Finance Services, and Insurance system techniques witnessed high growth during the forecast period.

Who are the Top players/companies in the High-performance Computing market in terms of value?

The key players in the global High-performance Computing market in terms of value include Advanced Micro Devices Inc., Hewlett Packard Enterprise, Sugon Information Industry Co. Ltd, NEC Corporation, Intel Corporation, Fujitsu Ltd, Microsoft Corporation, Dell EMC (Dell Technologies Inc.), Dassault Systemes SE, Lenovo Group Ltd, Amazon Web Series, International Business Machines Corporation, and NVIDIA Corporation. These major players are focusing on technological advancements and new product innovations to increase the quality of their High-performance computing manufacturing and capture a competitive market share worldwide. Additionally, several regional and national firms are investing significantly to diversify their product offerings and boost sales. For instance 2021, Travel port announced plans to use the tech giant's portfolio to improve the performance and scalability of its operations and named Amazon Web Services (AWS) as its preferred cloud partner.

Who are the Top 10 Countries in the High-performance Computing Market?

In the global High-performance Computing market, the major countries are China, Mexico, India, the U.S., Canada, the U.K., Germany, France, Italy, and Brazil. The United States is the major market for High-performance Computing, with a major volume share in the global market in 2021. Because of the robust technological development in the United States, the North American region is renowned for its early adoption of cutting-edge technologies.

Which is the key Vertical used in the High-performance Computing Market?

The Banking, Finance Services, and Insurance category dominated the High-performance Computing market in 2021. The BFSI sector includes businesses that provide financial services (payment gateways, stockbroking, and mutual funds), insurance services for life and general hazards, and banking services such as core banking, corporate, retail, investment banking, and hedge funds. Innovative IT solutions are necessary for financial institutions like banks and insurance firms to manage operational risks, create sustainable growth, and provide top performance. Furthermore, these firms' communication, data access, and computational power systems have improved due to the rise in high-frequency trading. For instance, to execute sentiment analysis, language translation, and entity recognition in banking services, SambaNova introduced a new HPC-based solution called SambaNova GPT Banking in February 2022. Regulatory regulations in the financial sector have further fuelled the requirement for deploying reliable HPC systems to satisfy various compliance needs. As a result, businesses are deploying more powerful, dependable, and secure HPC systems that can produce high-end computing outputs.

What are the Major Driving Factors for the High-performance Computing Market?

Some factors anticipated to drive the market's growth include the rising demand for high-efficiency computing, the ongoing diversification and expansion of the IT industry, technological advancements in virtualization, and the rising popularity of hybrid High-Performance Computing (HPC) solutions. Government, defense, academic, energy, and utility organizations are adopting HPC systems due to their capacity to process enormous volumes of data more quickly, encouraging the expansion of the HPC market. The market expansion over the anticipated period will be significantly accelerated by the rising popularity of cloud computing and digitalization initiatives being taken by various governments.

What are the Major Restraints for the High-performance Computing Market?

The high operational costs of high-performance computing compared to its competitors are the main limitation on the global market, which is anticipated to impede market expansion. Another important barrier impeding industry expansion is the high cost of high-performance computing, which necessitates enormous sums of money to buy the necessary equipment. Data security has grown to be a major concern due to the rising use of HPC systems accessed by multiple entities. HPC is susceptible to several security issues because of its nature. Many SMEs who might employ HPC are unaware of its benefits and lack the resources to put up such systems. SMEs in many underdeveloped nations are still unwilling to use HPC due to the high upfront expenses involved..

Which Region Dominated the World High-performance Computing Market?

In 2021, North America will dominate the global High-performance Computing market. Because of the robust technological development in the United States and Canada, the North American region is renowned for its early adoption of cutting-edge technologies. The development of new technologies and the requirement for security encourage using HPC systems. The growth influences both in huge data. North America is anticipated to maintain its leadership in the global HPC market throughout the projected period. Government spending on R&D activities at the national level is one of the key elements driving demand. To increase their regional reach and coverage, the market's vendors have also established new alliances with other businesses. To reach more potential clients and help them scale up with its intelligence processing unit (IPU) solutions, for instance, Graphcore expanded its partner program. To increase its presence in North America, the company added several partners to its worldwide partner network, including, among others, Applied Data Systems and Images Technologies.

Despite tremendous progress achieved by manufacturers in utilizing HPC systems for innovation, HPC adoption in America's small and medium-sized industrial enterprises has been significantly slower and patchier. SMEs make up a sizable portion of the numerous users who adopted HPC in the region.

Segmentation of Global High-performance Computing Market-

Global High-performance Computing Market – By Component

  • Solutions
  • Services

Global High-performance Computing Market – By Computation Type

  • Parallel Computing
  • Distributed Computing
  • Exascale computing

Global High-performance Computing Market – By Deployment

  • Cloud
  • On-Premises

Global High-performance Computing Market – By Organisation Size

  • Small and Medium-Sized Enterprises (MSME)
  • Large Enterprises

Global High-performance Computing Market – By Server Prise Band

  • USD 250,000 – 500,000 and above
  • USD 250,000 – 100,000 and below

Global High-performance Computing Market – By Vertical

  • Banking, Finance services, and Insurance
  • Earth Science
  • Education and Research
  • Energy and Utilities
  • Government and Defense
  • Healthcare and Life sciences
  • Manufacturing
  • Media and Entertainment
  • Other application areas

Global High-performance Computing Market – By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global High-performance Computing market

The COVID 19 pandemic had an adverse effect on the high-performance computing market as well, which led to a decrease in revenue in 2020 as a result of the temporary suspension of numerous development projects as well as numerous deals by various businesses.

North America accounted for the highest share in the global High-performance Computing market.

Drivers of the market include the rising demand for high-efficiency computing, the ongoing diversification and expansion of the IT industry, technological advancements in virtualization, and the rising popularity of hybrid High-Performance Computing (HPC) solutions..

On-Premises system had a major share in 2021 with around 60% of the market revenue share.

The banking, Finance Services, and Insurance segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

High-performance Computing Market Scope

Report Attribute Details
Market Value in 2021 USD 35.1 billion
Market Value in 2028 USD 51.21 billion
CAGR 6.50%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Aug 2022
Category:  Technology & Media
Report ID:   60614
Report Format:   PDF
Pages:   120
Rating:    4.1 (40)
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