High Performance Computing Market size is expected to reach USD 89 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of high performance computing was over USD 42 Billion. This growth of the market is poised to be dominated by the growing amount of data generated. Over 327 million terabytes of data are generated every day. Hence, in order to process this huge amount of data the need for high performance computing is growing.
Furthermore, genetic variants linked to different diseases and their reactions to treatment can be analyzed and identified by researchers owing to genomics research. Throughout the entire genome, genomic sequencing aids in the detection of all kinds of genetic variants. Since HPC computers are capable of analyzing a lot of sequencing data quickly and accurately, they have improved the speed, precision, and dependability of genomic research. Additionally, the development of Next-Generation Sequencing (NGS) technologies has made it possible to use several omics approaches to investigate various aspects of human health.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~8% |
Base Year Market Size (2023) |
~ USD 42 Billion |
Forecast Year Market Size (2036) |
~ USD 89 Billion |
Regional Scope |
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Deployment (Cloud, On-Premises)
The on-premises segment in the high performance computing market is set to generate the highest revenue share of over 60% during the forecast period. This is because it enables the full potential of the HPC system without being limited by connectivity issues. Furthermore, large-scale firms that have previously implemented storage and legacy systems typically favor the on-premise deployment of HPC solutions, which is expected to drive the market throughout the projection period. Hence, the growing number of large-scale organizations is also projected to dominate segment growth. In comparison to over 337,522 in 2020, there were predicted to be about 351,519 large firms globally in 2021 that employed 250 people or more. The protection of personal information is another key motivator for this paradigm. Businesses and government organizations utilize this method of combating database assaults, especially in the military industry. The security and integrity of the system, application, and data are significantly impacted by the physical presence requirement.
Components [Solutions (Servers, Storage, Networking Devices, Software), Services (Design & Consulting, Integration & Deployment, Support & Maintenance, & Management)]
The solutions segment in the high performance computing market is expected to observe the highest growth out of which the servers segment is predicted to gather the largest share in the market of about 40% over the forecast period. The increasing interest in cluster computing is the primary driver of divisional server growth. Divisional systems make extensive use of clusters and large-scale clusters owing to their many advantages, including cheap beginning costs and quick processing rates. Departments within the company may utilize it as a consequence, which lowers total expenditures. During the projected period, these factors are anticipated to propel the expansion of the server category, which in turn is anticipated to propel the growth of the market.
Our in-depth analysis of the global high performance computing market includes the following segments:
Components |
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Deployment |
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Organization Size |
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Server Price Band |
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Application |
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North American Market Forecast
The North America high performance computing market is projected to capture the largest share of over 35% over the forecast period. This growth of the industry in this region is set to be dominated by the rising presence of key players utilizing high-performance computing. Additionally, there has been a surge in data centers in this region which is also boosting the market share. The United States has the highest number of data centers globally as of September 2023, with a reported approximately 5,374. Additionally, in order to address the manufacturing issues and support the nation's ambitions for a clean energy future for all Americans, the US government launched the High-Performance Computing for Manufacturing program. This program aims to strengthen the nation's capabilities in high computing processing.
APAC Market Analysis
The Asia Pacific high performance computing market is also estimated to have notable growth in the market over the coming years. Some of the major global tech hubs, including South Korea, Japan, China, and India, are located in this region and draw investments from both domestic and foreign sources. Additionally, cloud adoption has also surged in this region. Therefore, both factors are projected to dominate the market expansion in this region.
Author Credits: Abhishek Verma, Hetal Singh
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