High-performance computing (HPC) is the use of supercomputers and parallel processing techniques for solving complex computational problems. The technology focuses on developing parallel processing algorithms and systems by incorporating both administration and parallel computational techniques. It is used for solving advanced problems and performing research activities through computer modeling, simulation, and analysis. HPC systems have the ability to deliver consistent performance through the concurrent use of computing resources.
According to Wantstats analysis, the high-performance computing market is expected to witness rapid growth during the forecast period.
The higher rate of HPC adoption in government, industrial, and enterprise applications, and the adoption of cloud-based, highperformance computing are some of the factors driving the growth of the market. However, the advancements in high-performance workstations could hinder the growth of this market in the future.
The high-performance computing market has been segmented based on component, deployment, vertical, and region. Based on the component, the market has been further segmented into hardware, software, and services. The hardware segment accounted for the largest market share in 2018, whereas the services segment is expected to register the highest CAGR during the forecast period. By deployment, the market has been segmented into on-premise and cloud. The on-premise segment accounted for the larger market share in 2018, whereas the cloud segment is expected to have a higher CAGR during the forecast period. By vertical, the market has been segmented into BFSI, IT & Telecommunications, manufacturing, healthcare, retail, energy & utilities, oil & gas, transportation logistics, chemicals, pharmaceuticals, defense, and others. The BFSI segment accounted for the largest market share in 2018, whereas
IT & Telecom is estimated to have the highest CAGR during the forecast period.
By region, the market has been categorized as North America, Europe, the Asia-Pacific, the Middle East & Africa, and South America.
North America has been segmented into the theUS, Canada, and Mexico. Europe has been segmented into the UK, Germany, France,
Spain, and the rest of Europe. The Asia-Pacific has been segmented into China, Japan, India, Southeast Asia, and the rest of Asia-
Pacific. North America accounted for the largest market size in the high-performance computing market in 2018, and South America is expected to register the highest CAGR during the forecast period.
Wantstats study identifies some of the prominent key players in the High-performance computing market, such as IBM Corporation (US),
Dell, Inc (US), Hewlett Packard Enterprise Company (US), Intel Corporation (US), Microsoft Corporation (US), Cisco Systems, Inc (US),
Inspur, Inc (China), Nvidia Corporation (US), Fujitsu Ltd (Japan), Lenovo Group Ltd (China), ATOS SE (France), Oracle Corporation (US),
Dell, Inc(US), Hitachi Ltd (Japan) and Dawning Information Industry Co.ltd (China). These players adopt strategies such as partnerships, agreements, and collaborations to improve their position and excel in the global high-performance computing market.
Market Size
· 2018: USD 25,549.7 Million
· 2025: USD 38,250.0 Million
CAGR (2019–2024)
· 6.1%
Key Market Drivers
· Increasing adoption of HPC in government, industrial, and enterprise applications
· Growing need for high computational capabilities and complex application management
· Adoption of cloud High-Performance Computing
Key Market Opportunities
· Demand for HPC as a Service
Key Vendors
· IBM Corporation
· Hewlett Packard Enterprise Company
· Dawning Information Industry Co.
