USD 54.64 billion
Report ID:
SQMIG45B2029 |
Region:
Global |
Published Date: February, 2025
Pages:
157
|Tables:
64
|Figures:
75
Global High Performance Computing Market size was valued at USD 54.64 billion in 2023 and is poised to grow from USD 58.85 billion in 2024 to USD 106.53 billion by 2032, growing at a CAGR of 7.7% during the forecast period (2025-2032).
High-performance computing demand in genomics research is driving the growth of the HPC market. Enhancing the market growth is the need for virtualization, increased computing power, IT expansion, better scalability, and trustworthy storage in high-performance computing. All varieties of servers and microservers used for highly computational or data-intensive tasks are included in HPC systems. In recent years, High Performance Computing (HPC) has gained significance to many nations as it is linked to scientific progress and also economic competitiveness attributable to technology. A global survey showed that 97% of companies adopted supercomputing technologies and stated they would not operate without them. Several reasons, such as the development of microserver technologies and HPC system’s increased speed of computations, rise in performance efficiency and ease of deployment and supervision with a good quality of service, are driving the growth of the HPC market.
These HPC systems' main issues are managing the power supply, the cooling system, and the storage and data. Data management and storage will become increasingly crucial in the future. Moreover, software barriers are getting bigger and are slowing the expansion of the HPC sector. Academic institutions and a variety of sectors are quickly embracing HPC technology to create dependable and durable goods that will allow them to keep a competitive edge in the market. The market is expanding steadily and is expected to do so in the future as this trend gains more and more significance.
US High Performance Computing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
USD 54.64 billion
Largest Segment
Servers
Fastest Growth
Storage
Growth Rate
7.7% CAGR
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Global High Performance Computing Market is segmented by Component, Deployment Type, Industrial Application and region. Based on Component, the market is segmented into Servers, Storage Devices, Networking Devices, Software and Services. Based on Deployment Type, the market is segmented into On-Premise and Cloud. Based on Industrial Application, the market is segmented into Aerospace and Defense, Energy and Utilities, BFSI, Media and Entertainment, Manufacturing, Life Science and Healthcare and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
As per categorization by solution type, the market is classified as servers, storage, networking devices, and software. Among these, the servers earned the largest share and continue to dominate the market. There are notable improvements within the servers in the global high performance computing market. Some of these include multi-core processors, GPUs, and AI accelerators that improve throughput. The trend towards exascale computing and AI-centric applications is causing an upsurge in the need for performance servers in sectors such as research and finance, and healthcare. This market is server centric as they offer the basic computational framework critical to carrying out intricate simulations and data analysis and hence modeling of these systems is essential for the performance and the scaling of the HPC system.
The storage segment is set to be the fastest-growing segment in the global high performance computing market due to the exponential rise in data generated by AI, big data analytics, and simulations. With the emergence of different sectors such as health industries, climate research, and genomics, a large volume of data sets is being generated leading to a significant need for storage systems that are both fast and can scale. New storage solutions including all-flash arrays and NVMe are providing faster access to data and improving efficiency which is causing the uptake of these solutions. In addition, cloud-based high-performance computing (HPC) systems are becoming more prevalent creating a need for storage systems that are both distributed and highly scalable making this sub-segment grow at a faster pace.
Integration & deployment in the global high performance computing market is seeing significant innovation as complex HPC environments, including hybrid and cloud-based systems, demand seamless integration. This involves deploying high-performance servers, networking, and storage solutions with optimized configurations to handle AI, data analytics, and scientific workloads. Automation and AI-driven orchestration tools are enhancing deployment speed and efficiency. Integration & Deployment dominates the HPC market due to the complexity of combining diverse technologies into cohesive, high-performing systems. As more industries adopt HPC, expert integration services ensure smooth system operation and scalability, making this segment crucial for overall market success.
It is predicted that the fastest-growing segment in the global high performance computing market will be management services as a result of increasing intricate designs of HPC systems and migration to more cloud and hybrid-based solutions. As more and more organizations start using HPC for a variety of activities such as AI, big data and even simulations, there is need for constant performance management, resource allocation and general system upkeep. Managed services offer specialized expertise to ensure seamless operations, reduce downtime, and improve scalability. Considering that a lot of organizations delegate these functions to outside service providers, the requirements for HPC administration are on the rise due to the upsurge in the adoption of cloud-based HPC systems which allow one to remotely manage the systems with ease.
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The global high performance computing market for the North American region, has outstanding features such as advanced technology, developed R&D, and several worlds HPC providers such as IBM, HPE, NVIDIA, etc., thus making them the greatest region in the world. This is also due to having a huge share of the industries who utilize high performance computing systems to carry out complex processes such as the simulations in AI and big data analytics in the economy, health, defense, aerospace, and finance. In addition to these drivers, the allocation of resources for supercomputing projects by agencies such as the US Department of Energy helps to strengthen services and research related to HPC system design in North America thereby increasing the regional market size.
The European region is growing rapidly in the global high performance computing market owing to various government policies, massive investments in supercomputing capabilities, and also the focus on digital transformation in various sectors. The growth can also be attributed to projects such as EuroHPC which are aimed at supporting the technological growth of the member states rather than dependence on other countries. Prominent sectors such as automotive industry, the aerospace sector and even the pharmaceutical industry are beginning to incorporate HPC for enhanced modeling, AI as well as data analytics. Moreover, the region's focus on green and energy efficient HPC systems fosters the acceptance and growth of high-performance computing technology in the region in general.
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Increasing Demand for AI and Big Data Analytics
Advancements in Cloud-based HPC Solutions
Complexity of Integration
Data Security and Compliance Concerns
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The global high performance computing market is characterized by the presence of both well established companies and new entrants. Big names such as IBM, Hewlett Packard Enterprise (HPE), Dell Technologies, NVIDIA, and Cray Inc. are ahead in the market with more innovative solutions to offer. These companies concentrate on improving computing power across various parameters like they are integrating artificial intelligence, cloud services and advanced technological devices. Moreover, the joint ventures and alliances among market players are promoting development and increasing market share in several regions.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, according to reports, the global high performance computing market has been growing rapidly with developments in servers, cloud services, along with growth in the popularity of AI and big data analytics. Although there are formidable challenges like issues with integration and data protection, these barriers are likely to change owing to new developments in storage and management systems.
This divide gives North America the leadership podium while Europe boasts of rapid growth. These trends position high performance computing or HPC weighting accurately for businesses across industries. With the vast majority of businesses turning to HPC to gain a competitive edge, the market is bound to experience continuous transformation and growth in the next few years.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 54.64 billion |
Market size value in 2032 | USD 106.53 billion |
Growth Rate | 7.7% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the 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 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.
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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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High Performance Computing Market size was valued at USD 1.9 Billion in 2023 and is poised to grow from USD 2.1 Billion in 2024 to USD 4.28 Billion by 2032, growing at a CAGR of 10.7% during the forecast period (2025-2032).
The global high performance computing market is characterized by the presence of both well established companies and new entrants. Big names such as IBM, Hewlett Packard Enterprise (HPE), Dell Technologies, NVIDIA, and Cray Inc. are ahead in the market with more innovative solutions to offer. These companies concentrate on improving computing power across various parameters like they are integrating artificial intelligence, cloud services and advanced technological devices. Moreover, the joint ventures and alliances among market players are promoting development and increasing market share in several regions. 'Advanced Micro Devices (AMD) ', 'Intel ', 'Hewlett Packard Enterprise (HPE) ', 'IBM ', 'Dell ', 'Lenovo ', 'Fujitsu ', 'Atos ', 'Cisco ', 'NVIDIA ', 'NEC Corporation ', 'Amazon Web Services (AWS) ', 'Oracle ', 'Microsoft ', 'Inspur ', 'NetApp ', 'Iron Global ', 'Aspen Systems ', 'Advanced Clustering Technologies ', 'Dawning Information Industry Co. Ltd. (Sugon). '
The increasing dependence on artificial intelligence (AI), machine learning (ML) as well as big data analytics is one of the major factors propelling growth in the global high performance computing market. Industries such as healthcare, finance, manufacturing utilize HPC in order to analyze large volumes of information and run advanced simulations to speed up innovations and enhance decision making.
Shift Towards Cloud-based HPC Solutions: As can be seen, the global high performance computing market is making a distinct shift towards cloud-based HPC solutions. Such an approach provides easy access to high performance that organizations require at lower costs and with the ability to grow gradually more traffic able computing power. Moreover, the increasing embrace of hybrid cloud solutions is supporting this change, facilitating the enhancement of the HPC strategy of the companies.
The global high performance computing market for the North American region, has outstanding features such as advanced technology, developed R&D, and several worlds HPC providers such as IBM, HPE, NVIDIA, etc., thus making them the greatest region in the world. This is also due to having a huge share of the industries who utilize high performance computing systems to carry out complex processes such as the simulations in AI and big data analytics in the economy, health, defense, aerospace, and finance. In addition to these drivers, the allocation of resources for supercomputing projects by agencies such as the US Department of Energy helps to strengthen services and research related to HPC system design in North America thereby increasing the regional market size.
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Report ID: SQMIG45B2029
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