High-Performance Computing Market Growth Worth $127.99 Billion By 2032 | CAGR: 9.7%

High-Performance Computing Market Size Worth $127.99 Billion By 2032 | CAGR: 9.7%

The global high-performance computing market size is expected to reach USD 127.99 billion by 2032, according to a new study by Polaris Market Research. The report “High-Performance Computing Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware (Servers, Systems, Networking Devices and Storage Devices), Software and Services); By Deployment; By Industry Vertical; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

High-performance computing (HPC) is expected to grow at the quickest rate over the forecast period owing to the need for high-efficiency computing with high-speed data processing across the verticals and higher adoption for low-cost cloud-based HPC systems in the last few years.

The HPC uses groups of powerful processors that work parallelly to process massive multi-dimensional datasets and solve various complex problems, unlike traditional computing systems. The system can achieve a speed of more than one million times faster than conventional desktops, enabling its use in a vast range of applications across different sectors such as Healthcare and Lifescience, Energy and Utilities, Aerospace and Defense, Education and Research, BFSI, and others.

A major end-use case for HPC systems can be found in the area of genomic sequencing. Genomic sequencing has created an enormous amount of data that requires storing, managing, and analyzing accurately to understand the disease and its cure. High-performance computing systems enable researchers and scientists to analyze large datasets quickly, which was impossible earlier in a traditional computing system.

North America is anticipated to dominate the high-performance computing market in the forecast period due rapid technical advancements and early technology adoption among the countries such as United States and Canada. Further, the presence of various significant companies in North American region have increased the demand for HPC systems for different applications in the business.

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The covid-19 pandemic had a moderate impact on the High-Performance Computing market. Lockdown and social distancing have negatively impacted the production levels across the different industries, which has a short-term impact on the market. In comparison, the HPCs system played a major role in studying the atomic structure of the covid-19 virus.

For instance, IBM has collaborated with the U.S. Department of Energy and White House Office of Science and Technology Policy to launch the Covid-19 High-performance Computing Consortium which helped researchers to explore the virus's atomic and molecular structure in more detail.

High Performance Computing Market Report Highlights

  • BFSI is anticipated to witness the highest growth in the forecast period due to the need for HPC systems in controlling financial fraud. HPC systems can compute real-time data and solve complex mathematical calculations, increasing the demand for the system from the banking and financial industry.
  • Cloud-based deployment of HPC systems is projected to grow fastest due to major factors such as less cost for storage and a shorter procurement cycle for implementation over on-premise solutions.
  • The high-performance computing market is projected for a significant CAGR in the Asia Pacific region. The primary factors driving the market can be attributed to the increasing establishments of private companies across countries such as China and India which rely largely on technology for business and conducts the market.

Polaris Market Research has segmented the High-Performance Computing Market report based on component, deployment, industry vertical, and region:

High-Performance Computing Market, Component Outlook (Revenue - USD Billion, 2019 - 2032)

  • Hardware
    • Servers
    • Systems
    • Networking Devices
    • Storage Devices
  • Software and Services

High Performance Computing Market, Deployment Outlook (Revenue - USD Billion, 2019 - 2032)

  • On-premise
  • Cloud

High Performance Computing Market, Industry Vertical Outlook (Revenue - USD Billion, 2019- 2032)

  • Healthcare and Lifescience
  • Energy and Utilities
  • Manufacturing
  • Aerospace and Defence
  • Education and Research
  • Media and Entertainment
  • BFSI
  • Others

High Performance Computing Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

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  • Competitive landscape
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