High Performance Computing (HPC) and High Performance Data Analytics (HPDA) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

High Performance Computing (HPC) and High Performance Data Analytics (HPDA) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of High Performance Computing Market

The high performance computing market size was valued at USD 46.01 billion in 2022, and the market is now 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 of 2023-2030.

The pandemic was a great opportunity for the big companies to enlarge their high performance computing market. The need for computational resources in genomics, epidemiological modeling, drug discovery, and biomedical research was so high that this has caused the growth of the digital technology market. HPC was among the main components of the big data and the simulation of the complicated biological processes which are related to the coronavirus. The speed of the COVID-19 vaccine's development was increased, thereby increasing the high performance computing market growth.

The previous few years have seen a lot of improvements in the HPC field. These technological innovations are faster processors, better high performance computing storage solutions, and high-speed interconnects among them. The academic and research institutes that are using HPC now have a bigger pool of HPC hardware to choose from in their supercomputers. The strong governmental support is also the other major factor which is playing a significant role in the growth of the HPC market. The government agencies and national laboratories spend the money on HPC for cybersecurity, defense simulations, nuclear research, surveillance, and clean energy. This drives the high performance computing market share.

Hybrid HPC is a mixture of cloud and on-premises HPC. Hybrid HPC merges the on-premises resources of a corporation with those on cloud operations through a unified interface, thus, making it an easier task for IT and engineering teams to work together. It also offers companies a number of deployment choices and can overcome the limitations of public clouds at the same time while providing all the benefits. Because of the many advantages of hybrid HPC deployment, the main actors are offering more and more hybrid high performance computing solutions to the customers. To name a few, IBM, a technology company that focuses on hardware, software, and services offers a wide range of HPC solutions for hybrid cloud including the 4th Gen Intel Xeon Scalable processors.

Comprehensive Analysis of High Performance Computing Market

The high performance computing market and information and communication technology industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the information and communication technology industry. These segmentations are methodically segregated By Component Analysis, By Deployment Mode Analysis, By Enterprise Type Analysis and By Industry Analysis. The market is divided into software, hardware, and services based on the component. In the course of the study period, it is supposed that the hardware segment will be the one to take the high-performance computing market share. The market is divided into three sectors, the on-premises, cloud and hybrid, depending on the deployment mode. The cloud segment is set to have the highest growth rate in the period of study. Thus, the market is divided into small and medium-sized enterprises and large enterprises depending on the type of enterprise. The gigantic enterprises sector is anticipated to be the market share leader during the forecast period. Moreover, the market is segmented on an industry basis, such as BFSI, healthcare & life sciences, manufacturing, energy & utilities, transportation, government & defense, media & entertainment, education, among others. In the consideration period, the highest CAGR is forecast for the healthcare & life sciences segment due to rising use of HPC to accelerate the process of drug development for numerous diseases.

North America is the leader of the high performance computing market due to the technological progresses, presence of major computing software and hardware providers, and the strong cloud computing adoption. The U.S. has maintained a leading position in North America because of significant R&D investments in the technology field that lead to the innovations.

The top players in the market play a crucial role in the information and communication technology industry assuring industrial prospectus growth and setting market standards. These players are Fujitsu (Japan), Amazon Web Services, Inc. (U.S.), Intel Corporation (U.S.), Lenovo (China), Dawning Information Industry Co., Ltd. (China), Microsoft Corporation (U.S.), NVIDIA Corporation (U.S.), Hewlett Packard Enterprise Development LP (U.S.), Atos SE (France) and IBM Corporation (U.S.). Moreover, the major companies are boosting their market share by broadening their presence in the developing countries. Major celebrities have put in place further important strategies, including the product launches, acquisitions, partnerships, and mergers.

In December 2023, Lenovo, a leading provider of computer hardware, software, and services last year reached an agreement on two additional HPC systems that would be attached to ‘LISE’ at the Zuse Institute Berlin. This investment would enable the high computing power to be accessed by the researcher through the main expansion focus of “LISE” to increase the energy efficiency.

Segmentation Table

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


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