High-performance Computing (HPC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

High-performance Computing (HPC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global high-performance computing (HPC) market size reached US$ 40.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 55.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028. Rapid digitization, increasing demand for high-performance computing solutions, and extensive research and development (R&D) activities represent some of the key factors driving the market.

High-performance computing (HPC) refers to the use of advanced computing resources for running complex application programs efficiently. It involves many processors, servers, and micro servers that are designed to deliver high computational power, large data storage capacity, and fast network connectivity. It assists in providing improved analytics, faster product development cycles, modeling, simulating, and analyzing data. It also facilitates high-performance capabilities to help find solutions for complex applications, including high-frequency trading, speech and facial recognition, genomics-based personalized medicine, computational fluid dynamics, computer-aided design, pattern recognition, seismic exploration, and tomography. HPC applications include weather forecasting, drug discovery, genome sequencing, and oil and gas exploration. It is also used to develop and test advanced technologies, such as artificial intelligence (AI), machine learning (ML), and quantum computing. Besides this, HPC finds application in the aerospace, defense, energy and utilities, banking, financial services and insurance (BFSI), media and entertainment, manufacturing, life science, and healthcare sectors across the globe. 

High-performance Computing (HPC) Market Trends:

Rapid digitization and increasing volumes of data generated represent one of the key factors positively influencing the market across the globe. In addition, HPC systems provide high-performance computing power, large data storage capacity, and fast network connectivity. This, in confluence with the increasing adoption of cloud-computing HPC solutions that allow organizations to access powerful computing resources on demand without the need for large capital investments in hardware and infrastructure, is creating a favorable market outlook. Moreover, rapid automation and the rising adoption of the internet of things (IoT) and various advanced technologies are catalyzing the demand for more powerful and specialized HPC systems worldwide. In line with this, governments of various countries and private companies are increasingly investing in research and development (R&D) activities to advance scientific and technological knowledge, which is catalyzing the demand for HPC systems that can support complex simulations, modeling, and data analysis. Additionally, the advent of Industry 4.0 is strengthening the growth of the market. Apart from this, the burgeoning healthcare sector and increasing utilization of computed tomography (CT) scanning and magnetic resonance imaging (MRI) in hospitals that require quick and accurate results are creating a positive market outlook. Furthermore, the growing focus on energy efficiency and increasing the demand for energy-intensive HPC systems that can deliver high-performance computing with minimum energy consumption is driving the worldwide market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global high-performance computing (HPC) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, deployment type and end use.

Component Insights:

Hardware
Software and Services

The report has provided a detailed breakup and analysis of the high-performance computing (HPC) market based on the component. This includes hardware and software and services. According to the report, hardware represented the largest segment.

Deployment Type Insights:

On-premises
Cloud-based

A detailed breakup and analysis of the high-performance computing (HPC) market based on the deployment type has also been provided in the report. This includes on-premises and cloud-based. According to the report, on-premises accounted for the largest market share.

End Use Insights:

Aerospace and Defense
Energy and Utilities
BFSI
Media and Entertainment
Manufacturing
Life Science and Healthcare
Others

A detailed breakup and analysis of the high-performance computing (HPC) market based on the end use has also been provided in the report. This includes aerospace and defense, energy and utilities, BFSI, media and entertainment, manufacturing, life science and healthcare, and others.

Regional Insights:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for high-performance computing (HPC). Some of the factors driving the North America high-performance computing (HPC) market included digitization, technological advancements, extensive research and development (R&D) activities, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global high-performance computing (HPC) market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Advanced Micro Devices Inc., Atos SE, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Intel Corporation, International Business Machines Corporation, Lenovo Group Limited, Microsoft Corporation, NetApp Inc., Nvidia Corporation, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

What was the size of the global high-performance computing (HPC) market in 2022?

What is the expected growth rate of the global high-performance computing (HPC) market during 2023-2028?

What are the key factors driving the global high-performance computing (HPC) market?

What has been the impact of COVID-19 on the global high-performance computing (HPC) market?

What is the breakup of the global high-performance computing (HPC) market based on the component?

What is the breakup of the global high-performance computing (HPC) market based on the deployment type?

What are the key regions in the global high-performance computing (HPC) market?

Who are the key players/companies in the global high-performance computing (HPC) market?