As per the report published by Fior Markets, the global high-performance computing (HPC) market is expected to grow from USD 38.2 billion in 2020 and to reach USD 60.88 billion by 2028, growing at a CAGR of 6% during the forecast period 2021-2028.
The high-performance computing (HPC) market is witnessing significant growth in the past years. The expanding demand for high-efficiency computing, the IT industry’s continuous diversification and expansion, advances in virtualization, and a growing preference for hybrid HPC systems are all likely to fuel global market growth. Government agencies, academic institutions, energy firms, defense agencies, and utilities are all adopting HPC systems because of their ability to process enormous volumes of data at faster speeds. The HPC market is expected to develop in the following years as a result of this.
High-Performance Computing (HPC), also known as supercomputing, entails parallel processing to handle data at increased rates and accuracy while producing efficient outputs. Parallel processing is achieved by distributing program instructions across multiple processors, resulting in a significant reduction in the time required to run algorithms. Real-time data collecting and analysis, emergency operations planning, disaster modeling and analysis, simulations, surveillance, and encryption/decryption of private information are a few of the defense-related tasks that HPC solutions help with. Media and entertainment, education and research, banking, financial services, insurance, manufacturing, energy, and utilities are the industries where they are used.
The COVID-19 High-Performance Computing (HPC) Consortium, a project to provide supercomputing power to academics working on COVID-19-related projects, has begun a phase of an operation to assist researchers in identifying viable near-term therapeutics for patients infected with the virus. Well-known manufacturers worldwide are partnering with key partners and taking steps to encourage the use of HPC to combat COVID-19 with the help of technology. Supercomputers are aiding the search for COVID-19 therapies. The improved access to HPC resources has aided in sophisticated calculations and forecasts and simulation research for vaccine development to control the pandemic across the globe.
Some of the notable players in the global High-Performance Computing (HPC) market include Atos, Cisco, Lenovo, Fujitsu, AMD, Intel, HPE, IBM, Dell, NVIDIA, Sugon, AWS, and Dassault Systems. These companies provide a variety of HPC solutions to meet the market’s demands. Partnerships, acquisitions, collaborations and agreements, and new product launches/improvements are some of the significant growth methods used by the players.
- For instance, In April 2021, NVIDIA launched its first data center CPU, an Arm-based processor that outperforms today’s fastest servers on the most challenging AI and HPC applications by a factor of ten.
- In November 2020, AMD launched the AMD Ryzen Embedded V2000 series processor, which is based on a 7nm technology. This CPU is used in embedded applications such as Thin Client, MiniPC, and Edge systems.
- HPE and the University of Edinburgh, EPCC, in Scotland, formed a partnership in July 2020. HPE Apollo Systems and HPE Superdome Flex Servers provide end-to-end infrastructure, including HPE and AI solutions.
The on-premise segment dominated the market and held the largest market share of 52.9% in the year 2020
Based on the deployment type, the global high-performance computing (HPC) market is segmented into on-premise and cloud. The on-premise segment dominated the market and held the largest market share of 52.9% in the year 2020. This growth is due to individuals and businesses becoming increasingly concerned about the privacy of their proprietary information or personal data.
The services segment dominated the market and held the largest market share of 58% in the year 2020
Based on components, the global high-performance computing (HPC) market is segmented into servers and services. The services segment dominated the market and held the largest market share of 58% in the year 2020. This growth is attributed to the capability of HPC solutions to analyze a huge volume of data quickly and accurately. Other factors expected to fuel market growth include the rise of the IT industry and a growing preference for hybrid High-Performance Computing (HPC) solutions.
Healthcare & life science segment dominated the market and held the largest market share of 27% in the year 2020
Based on the application, the global high-performance computing (HPC) market is segmented into healthcare & life sciences, gaming, retail, BFSI, government, manufacturing, education, transportation, and others. The services segment dominated the market and held the largest market share of 27% in 2020. This is due to healthcare and life science institutions’ active adoption of cutting-edge IT technologies to improve computing efficiency