High Performance Computing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware (Servers, Systems, Networking Devices and Storage Devices), Software and Services); By Deployment; By Industry Vertical; By Region; Segment Forecast, 2023 - 2032
- Published Date:Mar-2023
- Pages: 114
- Format: pdf
- Report ID: PM3042
- Base Year: 2022
- Historical Data: 2019-2021
Report Summary
The global high-performance computing market was valued at USD 50.92 billion in 2022 and is expected to grow at a CAGR of 9.7% during the forecast period. The growing need for high-efficiency computing in solving various complex problems across the verticals, coupled with higher demand for low-cost cloud-based HPC systems across the globe, primarily drives the market. Organizations in various industries are becoming increasingly dependent on technology to get real-time insights and build a competitive advantage over competitors in the business world.
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Genomic sequencing, drug discovery and design, molecular modeling, and cancer diagnosis are some of the end uses of the technology in the healthcare and life science industry. Using its computational capability, organizations can get real-time data and utilize it to make quick decisions. Today, in the period of the data revolution, almost all sectors are benefitted from using high-performance data analytics in the aspect of demand forecasting and production techniques optimization. One of the major use cases of HPC is simulation analysis which automobile manufacturers use. Through the method, major automobile players such as Tesla conduct various tests without involving real cars. Simulation analysis allows companies to test an element through thousands of iterations by considering hundreds of different variables.
Unlike traditional computing systems where the problems are solved using serial computing techniques, i.e., by dividing the tasks into a sequence of tasks and executing them one after another on the same processor, the HPC utilizes massively parallel computing, computer clusters, and high-performance computing components. High-performance computing technology uses groups of powerful processors that works parallelly to process massive multi-dimensional datasets and solve various complex problems. It can achieve a speed of more than one million times faster than traditional desktop, laptop, and server systems owing to high-performance components coupled with clusters of high-speed computer servers.
High-performance computing has been witnessing various use cases across different industry verticals. A few major use cases can be attributed to end industries such as healthcare and life science, financial services, government, and the defense and energy sector. Fraud detection in the BFSI sector has been one of the major end-use of HPC in the last few years. With the rising digital transaction across the globe, there is an urgent need to detect suspicious transactions among the billions of transactions across the world. The technology helps build algorithms that can easily find unknown patterns and raise a red flag for fraudulent transactions.
For example, to detect fraudulent credit card transactions, the system's algorithm requires not only to analyze millions of transactions but also to detect the location or moment of the transaction. Another e-commerce giant, Amazon, has been using HPC to analyze the consumer buying behavior on its e-commerce platforms and delivers various targeted Advertisements towards them for better conversion. Additionally, with a strategic partnership with the Office of Science, the U.S. Department of Energy has started an Exascale computing project capable of performing quintillion operations per second. With this enormous speed, the impact of Exascale computing can be attributed to national security, scientific discovery, economic security, energy security, and health care.
The COVID-19 pandemic's sudden outbreak has moderately impacted the high-performance computing market. During the pandemic period, various industries have lowered their production, which negatively impacted the demand for high-performance computation solutions for a short period. In contrast, the enormous capability of HPC enables many researchers to use the technology to know the genomic sequence of the virus.
For instance, IBM has collaborated with the U.S. Department of Energy and White House Office of Science and Technology Policy to launch the Covid-19 High-performance Computing Consortium. The consortium brought unprecedented computing power with more than 330 petaflops, 775,000 CPU cores, and 34,000 GPUs to better understand the treatments and potential cures for the Covid-19 virus. Further, supercomputers-based Intel technology has helped researchers to explore the virus's atomic and molecular structure in more detail.
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Industry Dynamics
Growth Drivers
The increasing need for efficient computing in various end industries has driven the high-performance computing market in the last decade. Today almost all companies are using the power of data for process optimization and to maintain a competitive advantage by forecasting future demand. And for such forecasts, companies rely heavily on various sophisticated approaches including modeling and simulation of HPC systems. For instance, Computational airflow simulations produced by Lawrence Livermore National Laboratory on an HPC system were used for designing the aerodynamic body of tractor-trailer semi trucks. HPC has been used extensively in the energy and utilities segment to analyze various data collected from seismic wave rebounds. By correctly analyzing the massive data, geologists can determine the content deposits below the earth's surface. The rising demand for data analysis by various end industries to remain ahead in the market has increases the need for HPC systems globally.
Additionally, the increasing adoption of HPC on the cloud among IT and other companies has driven the market in the last few years. Unlike the on-premise HPC systems, which require large SMP machines or clusters of servers with high-speed hardware infrastructures, the cloud option in the HPC systems has shifted all the components, such as master node, storage nodes and compute nodes, to the cloud environment. Many companies finds the cloud option more beneficial owing to several benefits including low initial investment and shorter procurement cycles for implementation. The flexibility to choose various hardware options and the possibility of creating clusters at any time and any scale on the cloud have increased the demand for cloud-based high-performance computing systems in the forecast period.
The threat of cyber security in high-performance computing systems has made many private companies and government institutions hesitant to adopt the technology in defense and other sensitive areas on a large scale. Further, high cost of deployment of HPC makes it difficult for various small-scale industries to implement it in the organization and remains a restraining factor for the market.
Report Segmentation
The market is primarily segmented based on component, deployment, industry vertical, and region.
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By Component |
By Deployment |
By Industry Vertical |
By Region |
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The On-Premise segment is anticipated to hold the largest market share in 2022
The primary factors driving the On-premise HPC systems can be attributed to their large capability in the research, analytics, and modeling applications without any connectivity issues. Further, businesses and government organizations are more concerned towards security issues for which they rely on this system for its physical infrastructure architecture.
Meanwhile, cloud-based solutions in high-performance computing are anticipated to witness a significant growth rate due to major factors such as less cost for storage and a shorter procurement cycle for implementation over On-premise solutions.
The BFSI segment accounted to witness significant market share in 2022
The increasing digital transactions and financial trading has seriously threatened cyber security in the last few years. The ability of HPC systems to deliver real-time data and compute complex mathematical calculations has increased the demand for the system from Banking and financial industry. Various banks, FinTech, and Investment houses are now implementing multiple innovative IT solutions to manage the operational risks in the finance sector. Algorithms based on high-performance computation systems have enabled the user to detect fraudulent activity and can help protect them from various cyber hackers.
North America is projected to dominate the market in 2022
North America will hold a significant share of the high-performance computation market in 2022. Rapid technical advancements and early technology adoption in United States and Canada have increased the demand for HPC systems from private and government organizations. Major players in the market offering HPC solutions, such as IBM and Intel, are concentrated in the United States, coupled with government spending on R&D activities are some of the primary factors increasing the growth opportunity of market in the North American region.
Asia Pacific is projected to witness the highest growth in the high-performance computation market due to the growing adoption of HPC systems for weather forecasting and scientific research from private and government organizations. The increasing establishments of private companies across countries such as China and India demand the systems for various end uses and drive the demand for HPC systems.
Competitive Insight
Some of the major players operating in the global market include Advanced Micro Devices, Inc., Intel Corporation, Oracle, IBM, Dell Inc., Cisco Systems, Inc., Lenovo, Microsoft, Fujitsu, NEC Corporation, Hewlett Packard Enterprise Development LP, Sugon Information Industry Co. Ltd, Atos SE, NVIDIA Corporation
Recent Developments
- In January 2022, Lenovo announced its High-performance computing as a service (HPCaaS), Lenovo TruScale, in the Winterstock event to deliver the power of supercomputing to organizations of all sizes.
- In November 2022, AMD announced its 4th Gen AMD EPYC processors that deliver leadership performance for critical workloads in High-performance computing.
AI In Life Science Analytics Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 55.68 billion |
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Revenue forecast in 2032 |
USD 127.99 billion |
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CAGR |
9.7% from 2023 - 2032 |
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Base year |
2022 |
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Historical data |
2019 - 2021 |
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Forecast period |
2023 - 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2023 to 2032 |
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Segments covered |
By Component, By Deployment, By Industry Vertical, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Advanced Micro Devices, Inc., Intel Corporation, Oracle, IBM, Dell Inc., Cisco Systems, Inc., Lenovo, Microsoft, Fujitsu, NEC Corporation, Hewlett Packard Enterprise Development LP, Sugon Information Industry Co. Ltd, Atos SE, NVIDIA Corporation |
FAQ's
The global high-performance computing market size is expected to reach USD 127.99 billion by 2032
Key players in the high-performance computing market Advanced Micro Devices, Inc., Intel Corporation, Oracle, IBM, Dell Inc., Cisco Systems, Inc., Cisco Systems, Inc, Microsoft, Fujitsu, NEC Corporation, Hewlett Packard Enterprise Development LP, Sugon Information Industry Co. Ltd.
North America contribute notably towards the global high-performance computing market.
The global high-performance computing market expected to grow at a CAGR of 9.7% during the forecast period.
The high-performance computing market report covering key segments are component, deployment, industry vertical, and region.
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