The latest research study “High Performance Computing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global high-performance computing (HPC) market size reached a value of US$ 38.06 Billion in 2021. Looking forward, the market expected to reach a value of US$ 52.71 Billion by 2027, exhibiting a CAGR of 5.40% during 2022-2027.
High-performance computing (HPC), also known as supercomputing, is a practice of aggregating computing power that performs parallel processing for running advanced software programs efficiently, quickly, and reliably. It is designed to offer enhanced analytics, faster product development cycles, modeling, simulating, and analyzing data. It also delivers high-performance capabilities to help find solutions for complex applications, such as genomics-based personalized medicine, autonomous vehicles, high-frequency trading, computer-aided design, deep learning, speech and facial recognition, pattern recognition, seismic exploration, computational fluid dynamics, and seismic tomography. Owing to these properties, HPC finds extensive application in financial technology (fintech), research, media, entertainment, oil, gas, healthcare, life sciences, government, and defense industries across the globe.
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High-Performance Computing (HPC) Market Trends and Drivers:
The market is primarily driven by the escalating product demand across multiple end-use industries, including medical, information technology (IT), academic, and others, for faster data processing with higher accuracy.
In addition, the increasing utilization of magnetic resonance imaging (MRI) and computed tomography (CT) scanning in the healthcare sector, which require immediate and accurate results by processing complex algorithms, is contributing to the market growth. Moreover, the rising popularity of cloud computing and the growing inclination of enterprises toward cloud service providers (CSPs) that offer turn-key HPC solutions is providing a positive thrust to the market growth.
Besides this, the rising adoption of artificial intelligence (AI), the internet of things (IoT), and machine learning (ML) for multiple processes, extensive research and development (R&D) activities conducted by key players, and the advent of industry 4.0 are some of the other factors creating a positive market outlook across the globe.
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Global High-Performance Computing (HPC) Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
High-Performance Computing (HPC) Companies:
Advanced Micro Devices Inc., Atos SE, Cisco Systems Inc., Dell Technologies Inc., Fujitsu Limited, Hewlett Packard Enterprise Development LP, Intel Corporation, International Business Machines Corporation, Lenovo Group Limited, Microsoft Corporation, NetApp Inc. and Nvidia Corporation.
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The report has segmented the market on the basis of region, component, deployment type and end use.
Breakup by Component:
- Hardware
- Software and Services
Breakup by Deployment Type:
- On-premises
- Cloud-based
Breakup by End Use:
- Aerospace and Defense
- Energy and Utilities
- BFSI
- Media and Entertainment
- Manufacturing
- Life Science and Healthcare
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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