The global high-performance computing market size is estimated at US$ 52.15 billion in 2023. The market is set to capture a 7.5% CAGR from 2023 to 2033. By 2033, the market is likely to be worth US$ 107.48 billion.
The increase in demand for flexible computing services among sizable, small, and medium-sized businesses are pushing market expansion. The increased high-performance computing demand for high-speed storage and the dominance of Faas further drive the market.
Ascent in Government Efforts is a Prime Contributor to Boosting Demand
Increased government activities are one of the primary elements driving high-performance computing demand. Cloud proliferation in emerging economies may present significant economic potential for the high-performance computing market in the future.
Government agencies are increasing their budgets for system infrastructure maintenance while also sponsoring initiatives for project development, modernization, and enhancement. As a result of the investments’ success, ICT providers now accumulate funds for the growth of the online market on an annual basis.
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Market Restraints
Issues such as a lack of competence and the expensive cost of high-performance computing upkeep continue to stymie the industry. Moreover, the lack of developments in high-performance workstations is one of the limiting factors in the high-performance computing sector.
Increasing cyber security threats further led to the adoption of high-performance computing. Data security is a serious concern because high-performance computing systems are accessed by various entities.
Market Segmentation of High-performance Computing by Component
Servers took the high-performance computing market by storm in 2023 with a 41% revenue share and are to maintain their dominance throughout the forecast period. HPC servers employ a mix of CPUs, MEMS, and AI devices.
CPUs have long been at the heart of data center power, but traditional architectures are not well adapted to new sorts of workloads pushed by technologies such as AI and the Internet of Things.
Although GPUs are more influential than CPUs, the two chips are utilized in tandem in HPC clusters as they complement each other. Therefore, servers in HPC clusters are likely to accelerate segmental growth.
Regional Perspectives
Over the projection period, the Asia Pacific high-performance computing market is to witness a CAGR of roughly 8.9%. The rapid adoption of HPC solutions in China, India, and Japan stimulated regional high-performance computing demand. Having powerful supercomputers has long been a means for nations to demonstrate their technological prowess.
Huawei, Lenovo, and Inspur are among the main commercial high-performance computing manufacturers from China. The Chinese government perceives supercomputing leadership as pivotal to national security and the future of the country’s defense, aerospace, energy, materials, biotech, and pharmaceutical industries.
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Key Takeaways
- In 2023, the servers sector held the maximum HPC market share by component.
- Over the forecast period, the services segment’s HPC market size may exceed US$ 7,000 million.
- The services sector accounted for roughly 9.0% of the market share in 2023 and is likely to augment at a CAGR of 5.0% from 2023 to 2033.
- In terms of deployment, the on-premise category maintained a remarkable HPC market share in 2023.
- The cloud category is scheduled to develop at a robust CAGR of more than 8.5% throughout the projection period.
- During the forecast period, the manufacturing section in the end-use category may expand significantly.
- Throughout the projection period, the government & defense segment is to elevate at a CAGR of 9.0%.
- In 2023, the North American HPC market accounted for around 40.0% of the total market share.
- Over the projection period, the Asia Pacific HPC market is to develop at a considerable CAGR of more than 8.9%.
Regulatory Environment in the High-performance Computing Industry
The global high-performance computing business is a highly concentrated and competitive market dominated by a few significant firms. The existence of several suppliers working across different tiers of the value chain characterizes competition in the high-performance computing market. High-performance computing manufacturers have an iron grip on their unique solution propositions.
Key Players
- Hewlett Packard Enterprise Development LP
- Dell Inc.
- Atos SE
- Advanced Micro Devices, Inc
- Microsoft
- Amazon Web Services, Inc.
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Recent Advancements and Innovations
Collaboration
The Garvan Institute of Medicine collaborated with Dell Technologies, Inc. in August 2018 to leverage high-performance computing in genomics research.
Acquisition
Bright Computing was acquired by NVIDIA Corporation for an undisclosed sum in January 2022. NVIDIA Corporation accelerated its computing capabilities by introducing the Bright Cluster Manager solution and opened up new markets for Bright Computing.
Key Segments
By Component:
- Servers
- Storage
- Networking Devices
- Software
- Services
- Cloud
- Others
By Deployment:
- On-premise
- Cloud
By End-use:
- Banking, Financial Services, and Insurance (BFSI)
- Gaming
- Media & Entertainment
- Retail
- Transportation
- Government & Defense
- Education & Research
- Manufacturing
- Healthcare & Bioscience
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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