PUBLISHER: The Business Research Company | PRODUCT CODE: 1675552
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675552
High-performance computing refers to systems or devices with the capacity for high-speed data analysis and complex computations. It involves establishing a reliable and rapid IT infrastructure capable of storing, processing, and analyzing vast volumes of data for various applications.
The primary data types of high-performance computing are structured, unstructured, and semi-structured. Structured data in high-performance computing refers to data prepared and formatted before being stored for computing purposes. Components of high-performance computing encompass software, hardware, and services. Small, medium, and large-scale enterprises across various industries, including healthcare, government & defense, information technology (IT) & telecom, banking & finance, transportation & logistics, retail & consumer goods, media & entertainment, and others, utilize high-performance computing for diverse business activities. Deployment options include on-premise and cloud.
The high-performance computing market research report is one of a series of new reports from The Business Research Company that provides high-performance computing market statistics, including high-performance computing industry global market size, regional shares, competitors with a high-performance computing market share, detailed high-performance computing market segments, market trends and opportunities, and any further data you may need to thrive in the high-performance computing industry. This high-performance computing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The high performance computing market size has grown strongly in recent years. It will grow from $52.89 billion in 2024 to $56.39 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to expanding data analytics and big data processing, advancements in parallel processing, increased demand in financial services.
The high performance computing market size is expected to see rapid growth in the next few years. It will grow to $85.81 billion in 2029 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to growing demand for high-fidelity simulation, climate modeling and sustainability, continued expansion in genomics and bioinformatics. Major trends in the forecast period include cybersecurity and threat detection, exponential growth in AI and deep learning, expansion of cloud-based HPC services, integration of artificial intelligence (AI), focus on energy efficiency.
The growing demand for high-speed data processing with precision is driving the high-performance computing (HPC) market. Data processing involves collecting and converting data into usable information, making it essential for this process to be both efficient and rapid to avoid compromising the output quality. HPC enables users to analyze vast amounts of data more quickly than standard computers, leading to faster insights that help businesses maintain a competitive edge. For example, according to Statistics Canada 2023, a national statistical agency, internet usage among Canadians aged 15 and older increased to 95% in 2022, up from 92% in 2020, reflecting a continuing trend of rising online engagement. As a result, the escalating need for high-speed data processing with accuracy is expected to drive growth in the high-performance computing market.
The high-performance computing market is being propelled by the rising tech industry. The tech industry encompasses businesses and activities related to technological innovations in software, hardware, telecommunications, and digital services. High-performance computing accelerates complex calculations, enabling faster innovation, simulations, and data analysis crucial for developing advanced technologies. According to the Australian Trade and Investment Commission in March 2023, the Australian tech sector, contributing $114.21 billion (A$167 billion) or approximately 8.5% of the country's GDP, is experiencing an annual growth rate averaging 16%. Projections indicate that technology is poised to contribute an estimated $170.97 billion (A$250 billion) to the Australian economy by 2030. The rising tech industry will drive the growth of the high-performance computing market.
Major companies are prioritizing strategic collaborations to deliver advanced solutions and innovations. This approach involves mutually beneficial partnerships between independent entities to achieve shared goals aligned with their individual strategic objectives. For instance, in July 2023, HCLTech, an India-based technology company, announced a collaboration with Microsoft, a US-based technology company. The collaboration aims to provide high-performance computing (HPC) solutions across diverse sectors, combining HCLTech's expertise in advanced engineering services with Microsoft's Azure cloud HPC technologies. The partnership aims to grant clients access to HPC resources, including foundational infrastructure, advanced analytics, machine learning, and simulation capabilities.
Major companies in the high-performance computing market are concentrating on the development of advanced solutions, such as high-performance computing systems, to enhance computational power and accelerate complex data processing tasks. High-performance computing systems are advanced computing infrastructures designed for executing complex tasks requiring immense computational power at high speeds. For example, in October 2023, KT Cloud, a South Korea-based cloud computing company, introduced t cloud service AI SERV. This powerful cloud computing service, designed for AI service development, aims to boost KT Cloud's AI infrastructure business. AI SERV is dedicated infrastructure for AI inference services applying slicing technology to graphic processing units (GPUs), enabling AI companies to optimize GPU infrastructure based on individual service needs.
In January 2022, Nvidia, a US-based software company providing graphics processing units (GPUs), application programming interfaces (APIs), and system on a chip (SoC), acquired Bright Computing for an undisclosed amount. This acquisition enables Nvidia to extend its accelerated computing offering with the Bright Cluster Manager solution, opening new markets for Bright Computing. Bright Computing, a US-based software company, specializes in automation and management software for high-performance computing (HPC) and machine learning.
Major companies operating in the high performance computing market include Dell Inc., Huawei Technologies Co. Ltd., Lenovo Group Ltd., Intel Corporation, Hewlett Packard Enterprise Development LP, The International Business Machines Corporation, Cisco Systems Inc., NVIDIA Corporation, Fujitsu Limited, NEC Corporation, Advanced Micro Devices Inc., Atos SE, Super Micro Computer Inc., Sugon Information Industry Co. Ltd., Cray Inc., Mellanox Technologies Ltd., Inspur Group, Eurotech S.p.A., One Stop Systems Inc., Rescale Inc., Penguin Computing Inc., Bright Computing Inc., Saras Micro Devices, GigaIO Inc., Parallel Machines
North America was the largest region in the high-performance computing market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the high performance computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the high performance computing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The high-performance computing market includes revenues earned by entities by processing data and performing high-speed calculations to solve complex problems in science, engineering, and businesses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
High Performance Computing Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on high performance computing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for high performance computing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The high performance computing market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.