Reports - High Performance Computing Market
High Performance Computing Market Size, Share & Trends Analysis Report by Component (Solutions, Services) by Computation Type (Parallel Computing, Distributed Computing, Exascale Computing) by Deployment (Cloud, On-Premises) by Organization Size (Small and Medium-Sized Enterprises (MSME), Large Enterprises) by Server Price Band (USD 250,000 – 500,000 and above, USD 250,000 – 100,000 and below) by Vertical (Earth Science, Education and Research, Energy and Utilities, Government and Defense, Healthcare and Life Sciences, Manufacturing, Media and Entertainment, Others) by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Historic Data (2019 - 2021) & Forecast Period (2023 - 2033)
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USD 36.11 Billion
USD 58.43 Billion
6.20%
North America
Asia Pacific
2022
2019 - 2021
2023 - 2033
By Component, By Computation Type, By Deployment, By Organization Size, By Server Price Band, By Vertical, By Region
The final deliverable will encompass both quantitative and qualitative data, providing a comprehensive analysis of the market. The scope is customizable.
High Performance Computing Market- By Component, Computation Type, Deployment, Organization Size, Server Price Band, Vertical and Region.
The Global High Performance Computing Market is valued at USD 34.9 Billion in the year 2021 and is projected to reach a value of USD 50.3 Billion by the year 2028. The Global Market is anticipated to grow exhibiting a Compound Annual Growth Rate (CAGR) of 6.20% over the forecast period.
The market growth can be attributed to several factors, such as increasing demand for Cloud-based HPC in applications such as media & entertainment. Factors such as increasing investments in the Industrial Internet of Things, artificial intelligence (AI), and engineering, which demand electronic design automation (EDA), are likely to drive the market over the forecast period.
Additionally, the increasing demand for high speed and accurate data processing, the rising prominence of cloud computing with digitalization, and the rising need to streamline business processes are the other major factor for the growth of the High Performance Computing Market during the forecast period. Faster computing capabilities of micro servers or HPC systems, improved performance efficiency, and smarter deployment & management with high quality of service are some key factors driving the growth of the HPC market. Additionally, various vendors are also targeting to provide high-performance converged technology solutions, as this trend is gaining significant relevance, the market is growing steadily, and it would continue its growth in the future.
Furthermore, Information Technology teams are working to find a balance between High Performance Computing solutions for the cloud and on-premises, while cloud service providers are offering turnkey High Performance Computing solution ecosystems tailored to organizations' specific workflow requirements. Thus, the increasing importance of digitization and cloud computing is anticipated to increase Global High Performance Computing Market revenue growth.
The High Performance Computing Market is segmented on the basis of component, computation type, deployment, organization size, Server Price Band, and vertical. Based on components, the market is segmented into Services and solution. Based on computing type, the market is segmented as Parallel Computing, Distributed Computing, and Exascale Computing. Based on deployment type, the market is segmented as Cloud and On-Premises. Based on organization size, the market is segmented into Small and Medium-Sized Enterprises (MSME), and Large Enterprises. Based on the server pricing band, the market is segmented as USD 250,000 – 500,000 and above, and USD 250,000 – 100,000 and below. Based on vertical, the market is segmented as Banking, Finance Services, and Insurance, Earth Science, Education and Research, Energy and Utilities, Government and Defense, Healthcare and Life sciences, Manufacturing, Media and Entertainment, and other application areas.
On the basis of server price band, the market is segmented as USD 250,000 – 500,000 and above, and USD 250,000 – 100,000 and below. The USD 250,000 – 500,000 and above segment is projected to grow at the highest CAGR during the forecast period. These systems are developed based on state-of-the-art HPC infrastructures to solve highly complex problems in the shortest time and are driving market growth. They comprise many connected computing nodes with distributed memory, which are controlled by a single master unit.
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On the basis of organization size the market is segmented into Small and Medium-Sized Enterprises (MSME), and Large Enterprises. The SMEs is predicted to acquires the largest share of the market during the forecast period. Organizations having an employee base of rarer than 1,000 people can be termed SMEs. Desktop computers are inefficient in fulfilling the computational and storage demand for high-end applications in SMEs. Consequently, SMEs are shifting toward solutions that can cater to their high-computational demands. Furthermore, SMEs face intense competition from large enterprises; thus, to gain a competitive edge, they are increasingly deploying HPC solutions that aid them in increasing productivity, and the trend is expected to continue during the forecast period.
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The North American region is known for its advanced technologies initial adoption of this is driven by healthy technology development in the United States and Canada. Moreover, the surge in massive data propels the need for security and this implementation of new technologies and, therefore, leads to the implementation of HPC systems during the forecast period. North America is likely to endure dominating the global market of HPC during the forecast period.
The Asia Pacific region is projected to be the fastest-growing markets for High Performance Computing during the forecast period. Moreover, the factors for such a fast-growing market are owing to the growing acceptance of High Performance Computing for weather forecasting and research activities during the forecast period.
The key players in the Global High Performance Computing Market include- Advanced Micro Devices (US) and others.
Parameter | Details |
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Segment Covered | By Component
By Computation Type
By Deployment
By Organization Size
By Server Price Band
By Vertical
By Region
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Companies Covered |
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