USD 45.14 billion
Report ID: SQMIG45B2029 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 64 | Figures: 75
Global High Performance Computing Market size was valued at USD 45.14 billion in 2021 and is poised to grow from USD 48.51 billion in 2022 to USD 82.7 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).
High-performance computing, often known as supercomputing, entails the use of parallel processing to analyze data at faster speeds and accuracies, as well as efficiently generate outputs. Parallel processing reduces the amount of time it takes to perform algorithms by spreading program instructions across several processors. HPC systems typically consist of a group of computers with enough computing capacity to perform complex calculations. In other words, high-performance computing (HPC) technologies can make complicated commercial processes easier. As a result, HPC systems are projected to become increasingly popular. The capacity of HPC systems to process large quantities of data quickly and accurately is a key element driving the market's growth. In several industries, there is a growing demand for high-efficiency computing.
US High Performance Computing Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 45.14 billion
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The Global High Performance Computing Market is segmented on the basis of component and deployment type. Based on the component, the high-performance computing market is segmented into solutions and services. The solution segment is further segregated into servers, storage, networking devices, and software. Based on the deployment type, the High Performance Computing Marketis segmented into on-premise and cloud. Whereas, based on region, the High Performance Computing Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
High Performance Computing Market Analysis by Component
In 2021, the solutions segment of the market is projected to hold the most lucrative share of more than 50% of the High Performance Computing Market. The solution segment is further segregated into servers, storage, networking devices, and software. The segmental growth of the market is attributed to the higher share of servers in the solution segment of the market. This is due to an increase in the number of data centers as more mid-size firms and businesses engage in colocation and on-premises equipment to meet the growing demand for public cloud services. In addition, leading HPC server manufacturers such as Fujitsu Limited, IBM Corporation, Dell Inc., and Lenovo are all present in the High Performance Computing Market.
High Performance Computing Market Analysis by Deployment Type
In 2021, the on-premise segment of the High Performance Computing Market is projected to hold the most lucrative share of more than 50% of the High Performance Computing Market. This is due to the fact that governments continue to be concerned about the security of sensitive data connected to national security and the personal data of individuals, while businesses are concerned about the security of their organizational data. As a result, on-premise infrastructure continues to outperform cloud infrastructure. The on-premise category is predicted to grow as a result of these factors.
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Based on the geographical viewpoint, the Global High Performance Computing Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2021, the North American region is projected to hold the most substantial share of the market. The regional High Performance Computing Market is likely to be driven by the area being the most important regional market for technology-based solutions. It is also expected to have a significant role in the global economy, particularly in the application and new technologies, that are contributing to the regional growth of the High Performance Computing Market. It is also expected to be a major player in the global economy, particularly in terms of the application and development of new technology. While the need to analyze large volumes of raw data is increasing, it is critical to have strong security measures in place. This necessitates the deployment of cutting-edge technology, which in turn encourages the use of HPC systems in the North American region.
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High Performance Computing Market Driver
High performance computing is known for the speed , accuracy and reliability to analyze data. These all features are major requirements in genomic research. Genomic sequencing helps to detect all types of genetic variation across the genomic system which helps to analyze and identify genetic variants associated with various diseases and their responses to treatment. This advent of HPC has allowed this technological advancement which will help the market propel in future.
High Performance Computing Market Restraints
CYBERSECURITY CONCERNS ASSOCIATED WITH HPC
The number of entities that access HPC systems has increased with the growing use of it which has caused major concern of data security. The nature of High performance Computing exposes it to the various data security threats which can be major roadback for the market.
High Initial investment cost
The major Small and medium enterprises around the globe are less aware about the benefits and along with that the enterprise which aims to establish HPC, mainly fails due to higher initial investments.
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The High Performance Computing Market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key High Performance Computing Market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
High Performance Computing Market Top Players Company Profiles
High Performance Computing Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. SQ identified the key dominating segments of the High Performance Computing Market by offerings and verticals.
According to our analysis, among the components, the solutions segment is projected to hold a dominating share during the period. Among the deployment types, the on-premises segment is projected to hold a dominating share during the period.
|Market size value in 2021||USD 45.14 billion|
|Market size value in 2030||USD 48.51 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global High Performance Computing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global High Performance Computing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global High Performance Computing Market:
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