High Performance Computing (HPC) Market Size to grow by USD 16.63 billion between 2023-2027
According to a research report “ High Performance Computing (HPC) Market” by Component (Server, Storage, Application, Services, Middleware) Deployment (On-premise, Cloud) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 16.63 billion, at a CAGR of 7.1% during the forecast period. In today's data-driven business landscape, the demand for high performance computing (HPC) solutions has surged. Big data analytics has become a game-changer, leading companies to prioritize value extraction over mere data management. Supercomputers, with their vast storage capacity and superior processing abilities, are the go-to infrastructure for handling data-intensive workloads. This trend is set to continue as businesses seek to make informed decisions rapidly from their big data assets..
Browse market data tables, figures, and in-depth TOC on “High Performance Computing (HPC) Market” by Component (Server, Storage, Application, Services, Middleware) Deployment (On-premise, Cloud) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2027. Download Free Sample
By Component, the Server segment is projected to dominate the market size in 2024
In the realm of High Performance Computing (HPC), the market is categorized into four sectors: supercomputers, divisional systems, departmental systems, and workgroup systems. The primary driver fueling the expansion of the HPC server segment is the burgeoning global supercomputer market. This market growth can be attributed to the rising demand for pre-configured clusters in industries such as oil and gas, energy, and manufacturing, where cluster-based supercomputing adoption is surging. Vendors are capitalizing on this trend to boost sales.
By Deployment, On-premise segment is expected to hold the largest market size for the year 2024
The high-performance computing (HPC) market encompasses on-premises infrastructure deployed and managed within an organization's data center. Comprising servers, storage systems, networking equipment, and HPC software, this segment has historically dominated due to the significant computational needs of industries like scientific research, engineering, and finance. Major laboratories, firms, and top educational institutions worldwide are driving the expansion of this sector.
APAC is forecasted to hold the largest market size by region in 2024
In the Asia-Pacific (APAC) region, technology-driven economies, including China, Japan, and South Korea, dominate the High Performance Computing (HPC) market. China's self-reliance, following US export restrictions on hardware components, has led to an increase in locally produced HPC systems. The Chinese government's commitment to supercomputing and technological advancements in various sectors, such as life sciences and manufacturing, further bolsters this trend. Emerging nations like India, Taiwan, and Singapore are also making significant strides in the HPC market.
The High Performance Computing (HPC) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The High Performance Computing (HPC) market is experiencing significant growth due to the increasing computational demand from various sectors. The HPC consortium is at the forefront of this development, driving advancements in Frontier supercomputer technology towards exascale computing. Use cases for HPC span across industries, including Computer-aided Engineering, Economic growth through Technologies like Electronic Design Automation, Artificial Intelligence, and Cyber security concerns. Hardware providers like NEC Corporation are key players in this market, offering solutions for Media and entertainment and Next-Generation Sequencing in Genomics research. The shift towards cloud-based HPC is also gaining momentum, with companies like SambaNova Systems providing Windows and Linux-based solutions. Despite the benefits, cyber security concerns remain a challenge in the adoption of HPC. Overall, the HPC market continues to evolve, offering immense potential for innovation and progress.
Market Research Overview
The High Performance Computing (HPC) market encompasses large enterprises' adoption of advanced computing solutions, including hybrid deployment models combining both cloud and on-premises infrastructures. HPC solutions cater to various sectors such as education, transportation, energy and utilities, and healthcare. Key hardware providers include NVIDIA Corporation, Ampere Computing, and Hewlett Packard Enterprise, which offer exascale-ready systems and powerful data center CPUs. Software tools and HPC consortia like the National Science Foundation and HPC partner programs drive innovation in areas like artificial intelligence supercomputers, Machine Learning, optimization, and physical simulation. Investment in HPC is significant, with initiatives like the Frontier supercomputer and the European production facility pushing the boundaries of exascale computing. Use cases for HPC span industries like bioscience, healthcare sectors, Defense, and media and entertainment. HPC solutions address economic growth by enabling advancements in areas like Computer-aided Engineering, Electronic Design Automation, Artificial Intelligence, and quantum technologies. Edge computing capabilities expand HPC's reach to sectors like connected and autonomous vehicles. Despite the benefits, cybersecurity concerns remain a significant challenge, particularly in handling enterprise data and preventing data breaching risks. HPC software market growth is fueled by demands for HPC solutions in various sectors and the increasing need for advanced computing capabilities.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/