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Global High-Performance Computing Market to Reach USD 51.21 Billion by 2028, Growing at a CAGR of 6.50%

Strategic Insights

— 2 min read

The global High-Performance Computing (HPC) market is projected to grow significantly, driven by factors such as government funding, venture capital investments, and the rising demand for high-efficiency computing. The market, valued at USD 35.1 billion in 2021, is expected to reach USD 51.21 billion by 2028, growing at a compound annual growth rate (CAGR) of 6.50% during the forecast period.

Key Takeaways:

  • The global HPC market is segmented into component, computation type, deployment, organization size, server price band, and verticals.
  • The North America region is expected to dominate the market, accounting for nearly half of the global HPC market share in 2021.
  • The global HPC market is driven by factors such as government funding, venture capital investments, and the rising demand for high-efficiency computing.
  • The market is characterized by the presence of key players such as Advanced Micro Devices Inc., Hewlett Packard Enterprise, Sugon Information Industry Co. Ltd, NEC Corporation, Intel Corporation, Fujitsu Ltd, Microsoft Corporation, Dell EMC (Dell Technologies Inc.), Dassault Systemes SE, Lenovo Group Ltd, Amazon Web Series, International Business Machines Corporation, and NVIDIA Corporation.
  • The North America region is expected to maintain its leadership in the global HPC market throughout the forecast period.
  • Government spending on research and development activities at local levels is a key driver of demand for HPC technology.
  • Graphcore, a key player in the HPC market, expanded its partner program to reach more potential clients and help them scale up with its intelligence processing unit (IPU) solutions.
  • The market is driven by factors such as technological advancements in virtualization, rising popularity of hybrid HPC solutions, and growth of data.
  • Government initiatives to develop cloud computing and digitalize government operations will accelerate the growth in the HPC market.

Statistics:

  • The global HPC market is valued at USD 35.1 billion in 2021 and is expected to reach USD 51.21 billion by 2028, growing at a CAGR of 6.50%.
  • The North America region accounts for nearly half of the global HPC market share in 2021.
  • The global HPC market is expected to grow significantly, driven by factors such as government funding, venture capital investments, and the rising demand for high-efficiency computing.
  • The market is characterized by the presence of key players such as Advanced Micro Devices Inc., Hewlett Packard Enterprise, Sugon Information Industry Co. Ltd, NEC Corporation, Intel Corporation, Fujitsu Ltd, Microsoft Corporation, Dell EMC (Dell Technologies Inc.), Dassault Systemes SE, Lenovo Group Ltd, Amazon Web Series, International Business Machines Corporation, and NVIDIA Corporation.

Sources:

  • Credence Research, Inc. "Global High-performance Computing Market: Growth, Future Prospects, and Competitive Analysis, 2016 -- 2028"
  • Advanced Micro Devices Inc.
  • Hewlett Packard Enterprise
  • Sugon Information Industry Co. Ltd
  • NEC Corporation
  • Intel Corporation
  • Fujitsu Ltd
  • Microsoft Corporation
  • Dell EMC (Dell Technologies Inc.)
  • Dassault Systemes SE
  • Lenovo Group Ltd
  • Amazon Web Series
  • International Business Machines Corporation
  • NVIDIA Corporation

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

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