Global High Performance Computing Market

Global High Performance Computing Market Size, Share, Growth Analysis, By Component(Solutions (Servers, Storage), By Deployment Type(On-Premise, Cloud) - Industry Forecast 2024-2031

Report ID: SQMIG45B2029 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

Global High Performance Computing Market News

  • In January 2022,Nvidia is placing a big stake in the high-performance computing market with the acquisition of Bright Computing, a developer of software for managing HPC systems for over 700 organizations worldwide.
  • In May 2022, Atos launched Nimbix Supercomputing Suite. The Nimbix Supercomputing Suite now includes two new services: industry-first federated supercomputing-as-a-service and dedicated bare metal services.
  • In May 2022, AWS launched GPU-based instances for ML training and HPC. Object detection, natural language processing, semantic segmentation, recommender systems, seismic analysis, are all applications that benefit from GPU-based instances.
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Global High Performance Computing Market size was valued at USD 45.14 billion in 2019 and is poised to grow from USD 48.51 billion in 2023 to USD 82.7 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).

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. 'Advanced Micro Devices, Inc. (AMD) (US)', 'Intel Corporation', 'HPE', 'IBM Corporation', 'Dell Technologies Inc.', 'Lenovo Group Limited', 'NVIDIA Corporation', 'Cray Inc.', 'Fujitsu Limited', 'Bull SAS', 'NEC Corporation', 'Atos SE', 'Cisco Systems, Inc.', 'Silicon Graphics International Corp. (SGI)', 'Penguin Computing, Inc.', 'Super Micro Computer, Inc.', 'Microsoft Corporation', 'Amazon Web Services, Inc.', 'Google Inc.', 'Oracle Corporation.'

The key factor that drives the industry growth includes the increasing requirement of high performance computing in various sectors for faster data processing with high precision. Furthermore, the rising popularity of cloud computing, along with various governments' digitalization ambitions, will play a key role in propelling High Performance Computing Market expansion throughout the forecast period. Furthermore, the market is expected to increase due to the expansion of the IT sector, improvements in virtualization, and ongoing diversification.

One of the major trends that drives the Global High Performance Computing High Performance Computing Market growth forward includes the use of AI in the medical field to aid healthcare professionals in diagnosis has been a major facilitator for the acceptance of these technologies in commercial applications. For example, AI Image Recognition is used to detect cardiovascular diseases, fractures, and other illnesses. Such solutions have been critical in lowering the industry's already heavy strain. Hence, such adoption of high performance computing for a diverse range of applications is likely to aid the growth of the global High Performance Computing Market during the forecast period.

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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