High Performance Computing Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global High Performance Computing Market was valued at USD 38,381.4 million in 2023 and is projected to grow at a CAGR of over 6.5% from 2024 to 2032. The demand for advanced computational power is escalating as scientific research, engineering simulations, and big data analytics become more intricate. Industries such as aerospace, automotive, pharmaceuticals, and finance rely on HPC systems to handle vast datasets and perform complex simulations. A report from the National Science Foundation highlights a 20% annual growth in the use of HPC systems for scientific research over the past five years. Advancements in weather forecasting, drug discovery, and financial modeling are intensifying the demand for HPC, driving market growth.

The overall high performance computing industry is classified based on the component, computation type, deployment, organization size, application, end use , and region.

The market is segmented by components into solutions and services. The services segment is projected to exceed USD 38,000 million by 2032. The solutions segment includes servers, storage, networking devices, and software, foundational to HPC infrastructure. Servers execute complex calculations and handle data-intensive tasks. Storage solutions manage and retrieve vast datasets efficiently, while networking devices facilitate smooth communication between systems. The software optimizes computing tasks, manages data effectively, and executes advanced algorithms.

The market is segmented by application into High Performance Technical Computing (HPTC) and High Performance Business Computing (HPBC). The HPBC segment is the fastest growing, with a projected CAGR of over 7.5% from 2024 to 2032. HPTC is used in scientific research, engineering simulations, and advanced modeling, managing complex calculations and large-scale simulations. Industries like aerospace, automotive, and healthcare depend on HPTC for tasks such as computational fluid dynamics, weather forecasting, and genomic analysis. HPBC leverages HPC technologies for commercial purposes, optimizing business processes, enhancing data analytics, and aiding decision-making. Widely used in financial services, manufacturing, and logistics, HPBC handles tasks like real-time data processing, risk analysis, and supply chain optimization.

In 2023, North America led the global High Performance Computing market with a share exceeding 33%. The region's dominance is reinforced by the presence of top technology firms, numerous research institutions, and strong government backing. The U.S. is heavily investing in HPC infrastructure, focusing on areas like artificial intelligence, defense, and scientific research. This dedication to innovation and technological leadership ensures continuous growth and enhancement of HPC capabilities, cementing North America's global leadership position.

Product Code: 5668

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand for advanced computational power
  - 3.8.1.2 Growing adoption of AI and machine learning
  - 3.8.1.3 Expansion of cloud-based HPC solutions
  - 3.8.1.4 Advancements in processor and interconnect technologies
  - 3.8.1.5 Increased government and corporate investments
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High costs and resource demands
  - 3.8.2.2 Complexity in system integration and management
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Solutions
- 5.2.1 Servers
- 5.2.2 Storage
- 5.2.3 Networking devices
- 5.2.4 Software
5.3 Services
- 5.3.1 Professional services
- 5.3.2 Managed services

Chapter 6 Market Estimates and Forecast, By Computation Type, 2021 - 2032 (USD million)

6.1 Key trends
6.2 Parallel computing
6.3 Distribution computing
6.4 Exascale computing

Chapter 7 Market Estimates and Forecast, By Deployment, 2021 - 2032 (USD million)

7.1 Key trends
7.2 Cloud
7.3 On-premises

Chapter 8 Market Estimates and Forecast, By Organization Size, 2021 - 2032 (USD million)

8.1 Key trends
8.2 Small and medium-sized enterprise
8.3 Large enterprise

Chapter 9 Market Estimates and Forecast, By Application, 2021 - 2032 (USD million)

9.1 Key trends
9.2 High performance technical computing (HPTC)
9.3 High performance business computing (HPBC)

Chapter 10 Market Estimates and Forecast, By End-Use, 2021 - 2032 (USD million)

10.1 Key trends
10.2 Government and defense
10.3 BFSI
10.4 Education and research
10.5 Manufacturing
10.6 Healthcare and life sciences
10.7 Energy and utilities
10.8 Media and entertainment
10.9 Earth sciences
10.10 Others

Chapter 11 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

11.1 Key trends
11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Rest of Europe
11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 ANZ
- 11.4.6 Rest of Asia Pacific
11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Rest of Latin America
11.6 MEA
- 11.6.1 UAE
- 11.6.2 South Africa
- 11.6.3 Saudi Arabia
- 11.6.4 Rest of MEA

Chapter 12 Company Profiles

12.1 IBM
12.2 Altair Engineering
12.3 Amazon Web Services (AWS)
12.4 AMD (Advanced Micro Devices)
12.5 Atos
12.6 Cisco Systems
12.7 DDN (DataDirect Networks)
12.8 Dell Technologies
12.9 Fujitsu
12.10 Google Cloud
12.11 Hewlett Packard Enterprise (HPE)
12.12 Huawei Technologies Co., Ltd.
12.13 Inspur
12.14 Intel Corporation
12.15 Lenovo
12.16 Microsoft Corporation (Azure)
12.17 NEC Corporation
12.18 NVIDIA Corporation
12.19 Oracle Corporation
12.20 Penguin Computing
12.21 PSSC Labs
12.22 Supermicro (Super Micro Computer, Inc.)
12.23 Tyrone Systems