High Performance Computing Market Size Will Surpass $64.65

London, April 04, 2022 (GLOBE NEWSWIRE) — According to Precedence Research, the high performance computing market size was valued at US$39.86 billion in 2021.

The growing demand for short product development cycles as well as the requirement to maintain a determined quality becomes almost impossible to deal with in real time without using advanced technologies and the right tools. Physical simulation, machine learning (ML) and optimization in various industrial applications including life science simulation and financial modeling are few among others where HPC plays a vital role in solving complex problems within a limited time.

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In the defense and aerospace industry, companies place a strong emphasis on increasing the rate of production while reducing production costs. HPC software solutions allow these actors to provide an accurate simulation of multi-physical and multi-scale solutions based on the simulation of the design phase, the breakdown of physical tests.

Additionally, cloud-based HPC solutions are gaining popularity in the market due to their cost-effective pay-as-you-go pricing model. This has become a driving factor in propelling the market as the variety, volume and speed of data produced has further grown exponentially and is expected to increase further with the adoption of 5G technology.

Report scope Details
Market size in 2021 $39.86 billion
Growth rate from 2022 to 2030 5.5% CAGR
Per deployment
By app
  • High performance technical computing
  • High Performance Business Computing
By components
By operation size
  • Small and medium-sized enterprises (SMEs)
  • Large companies
By server price bracket
  • $250,000 to $500,000 and up
  • $250,000 to $100,000 and under

Report Highlights

  • On the basis of deployment, on-premises deployment is the major market segment. However, the cloud technology market is expected to grow due to its high adoption rate while the on-premises deployment method is slowly declining.
  • Application-based, the dominant segment of HPC is high-performance enterprise computing. HPC technical computing includes various industries such as chemicals, government, biosciences, consumer products, academic institutions, electronics, energy, and others. High performance data analytics is also used in the government sector for public safety and crime control.

Regional overview

The North America region is known for its early adoption of advanced technologies, which is driven by healthy technological development in the United States and Canada. The influx of massive data propels the need for security and this implementation of new technologies and, therefore, leads to the implementation of HPC systems. North America is expected to continue dominating the global HPC market during the forecast period. Furthermore, with the presence of key players in the market including HPE, NVIDIA IBM, AMD and Microsoft, the demand for high performance computing in the region is expected to grow significantly.

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Market dynamics

Driver

Emerging need for high-speed data processing with precision

The major factor propelling the growth of the HPC market is the ability of HPC solutions to process huge volumes of data with precision and speed. Industry verticals where applications struggle with inefficient data and slow processing include medical, finance, research, seismic exploration, government, and defense. In the medical field, applications such as magnetic resonance imaging (MRI) and computed tomography (CT) require fast and accurate results from the processing of multi-faceted algorithms. HPC helps them drastically reduce computation time and processes MRI and CT data quickly and accurately. Hence, the growing need in various fields for faster processing of data with high accuracy is one of the major factors propelling the growth of the HPC market.

Detention

High CAPEX and OPEX

One of the major factors hindering the growth of the HPC market is the OPEX involved and high capital expenditure (CAPEX). The cost of setting up an HPC and maintaining it is high. There is huge CAPEX involved, including but not limited to software and hardware costs. OPEX for HPC involves human resources, energy costs, and maintenance and repair costs. This high cost of initial investment as well as maintenance prevents SMEs and startups from adopting HPC. Also, additional expenses are involved when companies move from on-premises infrastructure to cloud infrastructure. These two factors are expected to significantly restrain the growth of the HPC market from moving forward.

Opportunity

Increased focus on hybrid HPC solutions

With the surge of technological advancements and the growing demand for HPC solutions, associations are currently focusing more on hybrid HPC results. IT teams are actively working to balance HPC outcomes on-premises and in the cloud. Enterprises deploy HPC resources on-site as needed. A hybrid HPC solution offers better productivity. In addition, it further solves privacy and security businesses and reduces management costs. Thus, the focus on hybrid HPC results is expected to provide huge growth opportunities for HPC demand.

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Challenge

Ignorance and limited budget of SMEs

Potential users in many SMBs are unaware of the benefits of HPC and lack the budget to implement similar systems. SMEs in many developing countries are still skeptical about adopting HPC, due to high investment costs. Many of them are unaware of the various benefits associated with HPC offerings, such as customizable delivery and better performance. These companies also lack the specialized expertise needed to run and establish an HPC system. Still, cloud computing can increase the operation of HPC among SMBs and startups, as it will significantly reduce their costs.

Key players

  • Atos SE
  • Advanced Micro Devices, Inc.
  • Hewlett Packard Enterprise Development LP
  • Cisco Systems, Inc.
  • Dell Technologies Inc.
  • Fujitsu
  • intel company
  • IBM Corporation
  • Lenovo
  • Infuse

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Sherry J. Basler