The Global High Performance Computing Market was $41.2 Bn in 2020, and it is expected to reach $67.40 Bn by 2028. It is eventually growing at a commendable high compound of annual growth rate CAGR of 6.3% between 2020-2028. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. The High Performance Computing Market is primarily driven by the rising need for high-efficiency computing, continued diversification and expansion of the IT industry, rising preference for hybrid HPC solutions, and advancement in virtualization. Moreover, the significant capability of the HPC system in processing data on a larger volume enforcing many government agencies, academic institutions, energy, and utility companies to adopt a high-performance computing system which also propel the market growth rapidly. Further, the growing popularity of cloud computing along with industry digitization is expected to play an important role in the growth of High Performance Computing Market over the forecast period.
Global Servers Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The global High Performance Computing Market has been segmented into By Component, By Deployment, By Organization Size, and By End User. By Component, global High Performance Computing Market is divided into Servers, Storage, Networking Devices, Software, Services, Cloud, and Others. By Deployment, the global High Performance Computing Market is divided into On-Premise, and Cloud. By Organization Size, global High Performance Computing Market is divided into Large Enterprise, and Small & Medium Enterprise (SMEs). By End User, global High Performance Computing Market is divided into BFSI, Gaming, Media & Entertainment, Retail, Transportation, Government & Defense, Education & Research, Manufacturing, Healthcare & Bioscience, and Others. The Server Segment is estimated to witness remarkable growth during the forecast period due to rising number of data centers across the world. The numerous mid-size organizations are in the process of investing in on-premises infrastructure and colocation to support the increasing demand for public cloud services.
By Region, North America is Holding the Major Market Share
The global High Performance Computing Market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa region. In addition to this, North America High Performance Computing Market is holding the largest market share currently and is estimated to show the steady compound annual growth rate in the upcoming forecast period due to factors such as rising adoption of HPC solutions and services in SMEs and large organizations for Big data processing across the region. Moreover, high technological advancements and new technological developments in the regions also propel the regional market growth. Asia Pacific region, however, is expected to witness the fastest growth rate over the forecast period owing to the increasing adoption of HPC for weather forecasting and scientific research, among others. Moreover, increasing the adoption of a cloud based HPS system in multiple end-use industry verticals across the region is projected to fuel the regional market growth. Europe and LAMEA market are also expected to register considerable growth over the forecast period from 2020 to 2026.
Major Players in High Performance Computing Market
Some of the prominent players in the global High Performance Computing Market include Atos SE, Advanced Micro Devices, Inc. (AMD), Cray Research, Inc., Cisco Systems, Inc., Dell Technologies, Inc., Fujitsu Limited, Hewlett Packard, Inc. (HP), Intel Corporation, International Business Machines Corporation (IBM), and Silicon Graphics International Corp.
The Global High Performance Computing Market Has Been Segmented Into:
Global High Performance Computing Market: By Component
Global High Performance Computing Market: By Deployment
Global High Performance Computing Market: By Organization Size
Global High Performance Computing Market: By End User
Global High Performance Computing Market: By Region