High Performance Computing Market To Generate $74,101 Million Revenue by 2030
- Published: July 2022
The global high performance computing market revenue is projected to reach $74,101.0 million in 2030, witnessing a compound annual growth rate of 7.3% during 2021–2030. This can be ascribed to the rising use of high-performance computing technology by research and academic, government and defense, and healthcare and life sciences organizations.
Moreover, researchers can use genomics research to identify and analyze genetic variations linked to several diseases and their treatments. By efficiently analyzing large amounts of sequencing data, HPC solutions have raised the reliability, accuracy, and speed of genomic research. With the advent of NGS technologies, it is now possible to investigate various areas of human health using various omics techniques. Thus, these factors are driving the demand for HPC solutions.
Cloud Category To Witness Faster Growth in the Market
The cloud category is set to witness faster growth during the forecast period, advancing at a CAGR of 8%. This can be because cloud deployment helps companies in reducing their operational costs as they do not have to invest in any additional computing resources. In addition, it increases the efficiency and cost-effectiveness of the deployed solutions.
Furthermore, the manufacturing category is expected to witness significant growth in the high performance computing market during the forecast period, based on vertical. This can be because manufacturing processes are typically computationally intensive and time-consuming. As a result, incumbents in the manufacturing industry frequently use simulation and CAD software, as well as HPC systems. Moreover, in the industry, HPC systems can be used specifically for computational fluid dynamics, computational structural mechanics, and computational electromagnetics to improve performance, computational speed, and data access.
Geographically, APAC captured the third-largest market share in 2021, and the regional market is expected to witness the fastest growth in the upcoming years. This is because HPC systems are increasingly being used for scientific research and weather forecasting. Moreover, China is one of the top ten markets, globally. Supercomputers such as Tianhe-2 (Milkyway-2) and Sunway TaihuLight can also be found in China.
Product Launches Are Among Most-Effective Strategic Measures
Key players in the high performance computing market have been involved in product launches to boost their revenue share. For instance:
In January 2022, Lenovo Group announced the launch of the on-premise high-performance computing-as-a-service (HPCaaS), for all types of organizations, including small and medium-sized enterprises and large enterprises.
In January 2022, Amazon Web Services Inc. announced the launch of the new Amazon Elastic Compute Cloud (Amazon EC2) Hpc6a. The product provides 3.6-GHz AMD processors having up to 100 Gbps of EFA networking bandwidth and 384 GB of memory to support the scalable deployment of HPC clusters.
Key players in the market include Atos SE, Hewlett Packard Enterprise Development LP, Advanced Micro Devices Inc., Dell Technologies Inc., Amazon Web Services Inc., Cisco Systems Inc., Fujitsu Limited, IBM Corporation, Lenovo Group, and Intel Corporation.