• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • Request Free Sample ×

    Kindly complete the form below to receive a free sample of this Report

    Leading companies partner with us for data-driven Insights

    clients tt-cursor
    Hero Background

    Cloud High Performance Computing Market

    ID: MRFR/ICT/4360-CR
    100 Pages
    Shubham Munde
    March 2023

    Cloud High-Performance Computing Market Research Report Information By Components (Solutions, Servers, Storage, Networking Devices, Software, Services, Design, Consulting, Integration, and Deployment, Support and Maintenance, Management), Deployment (Cloud, On-premises), Organization Size(Small and Medium-sized Enterprises (SMEs), Large Enterprises), Application Areas(Government and Defense, BFSI, Education and Research, Manufacturing, Media, and entertainment, Healthcare and Life Sciences, Energy and Utilities) Regions – Forecast Till 2035.

    Share:
    Download PDF ×

    We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

    Cloud High Performance Computing Market Infographic
    Purchase Options

    Cloud High Performance Computing Market Summary

    As per Market Research Future Analysis, the Cloud High-Performance Computing Market was valued at USD 5.5 billion in 2022 and is projected to reach USD 16.19338 billion by 2030, growing at a CAGR of 16.68% from 2023 to 2030. The market is driven by the increasing demand for high-performance hybrid computing solutions and the ability to process large volumes of data quickly and accurately. Key sectors adopting these solutions include finance, healthcare, and government, where rapid data processing is critical.

    Key Market Trends & Highlights

    The market is witnessing significant trends driven by hybrid cloud solutions and technological advancements.

    • Hybrid cloud HPC solutions are enhancing efficiencies and addressing security concerns.
    • The on-premises segment held the largest market share in 2022, while the cloud segment is expected to grow at a CAGR of over 8.5%.
    • Manufacturing is the largest application area, with significant growth anticipated in government and defense, projected to grow at a CAGR exceeding 9.0%.

    Market Size & Forecast

    2022 Market Size USD 5.5 Billion
    2030 Market Size USD 16.19338 Billion
    CAGR (2023-2030) 16.68%

    Major Players

    Key players include AMD, Intel, NVIDIA, Dassault Systems, AWS, HPE, Sugon, IBM, Atos, Fujitsu, Cisco, Dell, and Lenovo.

    Cloud High Performance Computing Market Trends

    Hybrid Cloud High-Performance Computing solutions driving the market growth

    Therefore, the increasing focus on hybrid cloud high-performance computing solutions is expected to provide tremendous opportunities for the growth of the cloud high-performance computing market. The capacity of HPC systems to process huge amounts of data at high speeds encourages academic institutions, defense agencies, energy companies, government agencies, and the utility sector to adopt HPC systems, which also helps expand the high-performance computing market CAGR.

    Additionally, the growing demand for high-efficiency computing, advancements in virtualization, and continued diversification and expansion of the IT industry. Cloud high-performance computing market is the ability of cloud high-performance computing market solutions to process large volumes of data quickly and accurately. The industry verticals function as prominent market segments where the market applications are encountering slow and inefficient data processing issues, including areas like finance, medical, research, seismic exploration, government, and others like defense. The quick-paced nature of the financial market, which is additionally volatile, makes vitality crucial so that the derivative valuations are processed faster and more accurately.

    In the medical field, the prominent emergence of market applications such as computed tomography (CT) scanning and magnetic resonance imaging (MRI) require quick, accurate results from processing complex algorithms. CHPC helps them considerably reduce computing time and simplifies the CT and MRI data processes quickly and accurately are the main factor driving the cloud high-performance computing market revenue.

    The increasing demand for advanced computational capabilities across various sectors indicates a robust growth trajectory for the Cloud High-Performance Computing Market, driven by the need for enhanced data processing and analytics.

    U.S. Department of Energy

    Cloud High Performance Computing Market Drivers

    Market Growth Projections

    Growing Demand for Data Processing

    The Global Cloud High-Performance Computing Market Industry experiences a surge in demand for data processing capabilities. Organizations across various sectors, including finance, healthcare, and scientific research, increasingly rely on high-performance computing (HPC) to analyze vast datasets. This trend is driven by the need for real-time insights and advanced analytics. In 2024, the market is projected to reach 7.47 USD Billion, reflecting a growing reliance on cloud-based HPC solutions. As businesses seek to enhance operational efficiency and innovation, the adoption of HPC technologies is expected to accelerate, contributing to the overall growth of the industry.

    Advancements in Cloud Infrastructure

    Technological advancements in cloud infrastructure play a pivotal role in the expansion of the Global Cloud High-Performance Computing Market Industry. Innovations in hardware, such as GPUs and TPUs, alongside improvements in networking technologies, facilitate faster data processing and enhanced computational power. These advancements enable organizations to leverage cloud HPC for complex simulations and modeling tasks. As a result, the market is anticipated to grow significantly, with projections indicating a rise to 35.0 USD Billion by 2035. The continuous evolution of cloud infrastructure is likely to attract more enterprises to adopt HPC solutions, thereby driving market dynamics.

    Rising Need for Cost-Effective Solutions

    Cost considerations are becoming increasingly important for organizations seeking high-performance computing capabilities. The Global Cloud High-Performance Computing Market Industry is witnessing a shift towards cost-effective cloud solutions that provide scalable resources without the need for substantial upfront investments. By leveraging cloud HPC, businesses can access powerful computing resources on a pay-as-you-go basis, optimizing their operational costs. This trend is particularly appealing to small and medium-sized enterprises that may lack the capital for traditional HPC infrastructure. As the market evolves, the emphasis on affordability is likely to drive further adoption of cloud-based HPC solutions.

    Growing Focus on Research and Development

    The Global Cloud High-Performance Computing Market Industry is significantly influenced by the increasing focus on research and development (R&D) across various sectors. Governments and private organizations are investing heavily in R&D initiatives to drive innovation and technological advancements. High-performance computing plays a crucial role in facilitating complex simulations, modeling, and data analysis required for cutting-edge research. This trend is particularly evident in fields such as pharmaceuticals, aerospace, and climate science. As R&D activities expand, the demand for cloud HPC solutions is expected to rise, further propelling market growth.

    Increased Adoption of AI and Machine Learning

    The integration of artificial intelligence (AI) and machine learning (ML) technologies into various applications is a key driver of the Global Cloud High-Performance Computing Market Industry. Organizations are increasingly utilizing HPC to train sophisticated AI models and process large volumes of data efficiently. This trend is particularly evident in sectors such as automotive, healthcare, and finance, where AI-driven insights are crucial for competitive advantage. The market's growth is further supported by the projected compound annual growth rate (CAGR) of 15.08% from 2025 to 2035, indicating a robust demand for HPC solutions that can support AI and ML initiatives.

    Market Segment Insights

    Cloud High-Performance Computing Components Insights

    Based on components, the Cloud High-Performance Computing Market segmentation includes solutions, servers, storage, networking devices, software, services, design and consulting, integration and deployment, support and maintenance, and management. The servers segment held the largest market share in 2022 and is anticipated to grow significantly during the forecast period. The growth can be attributed to the increase in the number of data centers, as various small and mid-size enterprises (SMEs). Furthermore, many businesses are in the process of investing in on-premises and colocation infrastructure to support the growing demand for public cloud services.

    The services segment accounted for over 9.0% of the market share in 2022 and is expected to grow at a CAGR exceeding 5.0% from 2023 to 2030. HPC vendors provide various services, including maintenance, support, and management. Support is especially required during installing HPC systems and their initial use. On the other hand, maintenance services involve upgrading existing systems and troubleshooting. Owing to this, the market size of the services segment is expected to surpass USD 7,000 million over the forecast period.

    April 2022 CGG is significantly expanding its high-performance computing (HPC) capacity and accompanying service offerings to enable continuous distinction in its core business and speed up the development of new operations. The business has acquired a lease to construct a European HPC hub in Southeast England, which would go live in H1 2023 and expand its cloud HPC capacity by up to 100 petaflops.

    Cloud High-Performance Computing Based on Deployment Insights

    Based on deployment, the Cloud High-Performance Computing Market segmentation includes cloud, on-premises. The on-premise segment held the largest market share in 2022 and is anticipated to experience significant growth during the forecast period. While governments remain keen on securing sensitive data related to national security and citizens' data, enterprises are concerned about protecting their respective organizational data. As a result, an on-premise infrastructure is still preferred over a cloud-based infrastructure. The cloud segment is expected to grow at the highest CAGR of over 8.5% during the forecast period.

    Cloud deployment allows organizations to reduce operational costs due to the zero requirements of additional in-house computing resources. Other advantages, such as increased efficiency and cost-effectiveness, are expected to fuel the cloud segment's growth.

    Figure2: Cloud High-Performance Computing Market, Based on Deployment,2022 & 2030 (USD billion)

    Cloud High-Performance Computing Organization Size Insights

    Based on organization size ,the global cloud high-performance computing industry includes small and medium-sized enterprises (SMEs), large enterprises. The Large Enterprises segment held the largest market share in 2022 and is anticipated to experience significant growth during the forecast period. However, The potential users in many SMEs need more awareness about the benefits of cloud high-performance computing and more money to set up such systems. Due to the high investment costs, SMEs in many developing nations still need to be convinced about adopting cloud high-performance computing.

    Many need to know the advantages of cloud high-performance computing, such as better performance and customizable delivery. These enterprises also need more technical expertise to establish and run a cloud high-performance computing system. However, cloud computing can boost the use of cloud high-performance computing among SMEs, as it will considerably cut down their costs.

    April 2021 Cloud High-Performance Computing Market was awarded USD 40 Million SGD to build a new supercomputer for the National Supercomputing Centre (NSCC) Singapore, the national high-performance computing (CLOUD HIGH-PERFORMANCE COMPUTING) resource center dedicated to supporting science and engineering computing needs for academic, research, and industry communities.

    Cloud High-Performance Computing Application Areas Insights

    Based on application, the Cloud High-Performance Computing Market data includes Government and Defense, BFSI, Education and Research, manufacturing, Media and entertainment, Healthcare and Life Sciences, Energy and Utilities, and Earth Sciences. The Manufacturing segment held the largest market share in 2022 and is anticipated to experience significant growth during the forecast period. Manufacturing processes tend to be computation-intensive and time-consuming. Hence, incumbents of the manufacturing industry often adopt simulation and CAD software along with HPC systems. HPC systems can be particularly useful for computational fluid dynamics, structural mechanics, and electromagnetic in the manufacturing industry.

    These attributes enhance performance, improve computational speeds, and ensure rapid access to data. However, the government & defense segment is predicted to grow at a CAGR exceeding 9.0% during the forecast period. While defense agencies are anticipated to aggressively adopt cutting-edge IT solutions to improve computing efficiency, government agencies are expected to adopt HPC systems to support digitization initiatives and contribute to economic development.

    Get more detailed insights about Cloud High Performance Computing Market

    Regional Insights

    By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Cloud High-Performance Computing market area will dominate this market, owing to an increase in the number of Performance Computing Market solutions to process large volumes of data with speed and accuracy and the increasing preference for high-performance hybrid computing (HPC) solutions will boost the market growth in this Region.

    Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure3:  CLOUD HIGH PERFORMANCE COMPUTING MARKET  SHARE BY REGION 2022 (%)

    CLOUD HIGH PERFORMANCE COMPUTING MARKET  SHARE BY REGION 2022

    Source Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Europe's Cloud High-Performance Computing market accounts for the second-largest market share due to the accuracy and the increasing preference for high-performance hybrid computing (HPC) solutions. Further, the German Cloud High-Performance Computing market held the largest market share, and the UK Cloud High-Performance Computing market was the fastest-growing market in the European Region.

    The Asia-Pacific Cloud High-Performance Computing Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the growing adoption of HPC systems for scientific research and weather forecasting. Moreover, China’s Cloud High-Performance Computing market held the largest market share, and the Indian Cloud High-Performance Computing market was the fastest-growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Cloud High-Performance Computing market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Cloud High-Performance Computing industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Cloud High-Performance Computing industry to benefit clients and increase the market sector. In recent years, the Cloud High-Performance Computing industry has offered healthcare some of the most significant advantages. Major players in the Cloud High-Performance Computing market, including AMD (US), Dassault Systems (France), Intel (US), NVIDIA (US), AWS (US), HPE (US), Sugon (China), IBM (US) Atos (US) Fujitsu (Japan) Cisco (US) Dell (US) Lenovo (China)., and others, are attempting to increase market demand by investing in research and development operations.

    NVIDIA has been a pioneer in accelerated computing. The company's invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined computer graphics, and ignited the era of modernity, fueling the creation of the metaverse. NVIDIA is now a full-stack computing company with data-center-scale offerings reshaping the industry. NVIDIA launched its first data center CPU. This Arm-based processor delivers 10x the performance of the current fastest servers on the most complex AI and Cloud High-Performance Computing Market workloads.

    Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys. Ansys specializes in Design Optimization, Finite Element Analysis (FEA, FEM), Computational Fluid Dynamics (CFD), Electromagnetics, Explicit Dynamics, Consulting, Grid Generation, Meshing, Multi-body Dynamics, Multiphysics, FSI, Virtual Prototyping, Structural Analysis, Engineering Simulation.Ansys established a strategic partnership with Amazon Web Services, Inc.

    The partnership would allow Ansys products to be deployed on AWS, making simulation workloads more user-friendly while also providing scalability and flexibility with simple access to software and storage solutions from anywhere via a web browser, and the collaboration extends cloud-based high-performance computing (HPC) to promote electronic design automation (EDA), computer-aided engineering (CAE), and simulation solutions.

    Key Companies in the Cloud High Performance Computing Market market include

    Industry Developments

    • Q2 2024: Microsoft launches Azure ND H100 v5 VM for high-performance cloud AI workloads Microsoft announced the general availability of its Azure ND H100 v5 virtual machines, powered by NVIDIA H100 Tensor Core GPUs, targeting cloud-based high-performance computing and AI workloads.
    • Q2 2024: Amazon Web Services unveils new HPC-optimized EC2 instances AWS introduced new EC2 instances designed for high-performance computing in the cloud, featuring enhanced networking and storage capabilities for scientific and engineering workloads.
    • Q2 2024: Google Cloud partners with Rescale to expand cloud HPC offerings Google Cloud announced a strategic partnership with Rescale to deliver advanced cloud high-performance computing solutions for enterprise and research customers.
    • Q2 2024: NVIDIA launches DGX Cloud in Europe for AI and HPC workloads NVIDIA expanded its DGX Cloud service to European data centers, enabling customers to access high-performance computing resources for AI model training and scientific research.
    • Q1 2024: Oracle opens new cloud region in Spain with focus on HPC services Oracle launched a new cloud region in Madrid, Spain, with dedicated infrastructure for high-performance computing workloads, targeting European enterprise and public sector clients.
    • Q1 2024: IBM and Red Hat announce joint HPC cloud platform for scientific research IBM and Red Hat unveiled a new cloud-based high-performance computing platform aimed at accelerating scientific discovery through scalable, open-source technologies.
    • Q2 2024: Hewlett Packard Enterprise wins $100M contract for cloud HPC at U.S. national lab HPE secured a $100 million contract to provide cloud-based high-performance computing infrastructure to a major U.S. national laboratory, supporting advanced research initiatives.
    • Q2 2024: Google Cloud launches new HPC toolkit for genomics research Google Cloud released a specialized toolkit for genomics researchers, enabling scalable high-performance computing workflows in the cloud for large-scale DNA analysis.
    • Q1 2024: Alibaba Cloud launches next-generation HPC cluster service Alibaba Cloud introduced a new high-performance computing cluster service, featuring advanced interconnects and GPU acceleration for scientific and engineering applications.
    • Q2 2024: Microsoft partners with BioNTech for cloud-based HPC in vaccine research Microsoft announced a partnership with BioNTech to provide cloud high-performance computing resources for accelerating vaccine development and biomedical research.
    • Q1 2024: Startup Cerebras Systems raises $150M to expand cloud HPC AI platform Cerebras Systems secured $150 million in new funding to scale its cloud-based high-performance computing platform for artificial intelligence applications.
    • Q2 2024: AWS partners with Siemens for cloud HPC in industrial engineering Amazon Web Services and Siemens announced a collaboration to deliver cloud-based high-performance computing solutions for industrial engineering and simulation workloads.

    Future Outlook

    Cloud High Performance Computing Market Future Outlook

    The Cloud High-Performance Computing Market is poised for growth at 15.08% CAGR from 2024 to 2035, driven by advancements in AI, big data analytics, and increased demand for scalable solutions.

    New opportunities lie in:

    • Develop specialized HPC solutions for AI-driven industries. Enhance cloud security features to attract enterprise clients. Create partnerships with academic institutions for research initiatives.

    By 2035, the market is expected to be robust, reflecting substantial advancements and widespread adoption.

    Market Segmentation

    Cloud High-Performance Computing Regional Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Cloud High-Performance Computing Components Outlook

    • Solutions
    • Servers
    • Storage
    • Networking Devices
    • Software
    • Services
    • Design and Consulting
    • Integration and Deployment
    • Support and Maintenance
    • Management

    Cloud High-Performance Computing Deployment Outlook

    • Cloud
    • On-premises

    Cloud High-Performance Computing Application Areas Outlook

    • Government and Defense
    • BFSI
    • Education and Research
    • Manufacturing
    • Media and entertainment
    • Healthcare and Life Sciences
    • Energy and Utilities
    • Earth Sciences

    Cloud High-Performance Computing Organization Size Outlook

    • Small and Medium-sized Enterprises (SMEs)
    • Large Enterprises

    Report Scope

    Report Attribute/MetricDetails
    Market Size2022USD 5.5 billion
    Market Size 2023USD 6.4174 billion
    Market Size 2030USD 16.1933billion
    Compound Annual Growth Rate (CAGR)16.68% (2023-2030)
    Base Year2022
    Market Forecast Period2023-2030
    Historical Data2019- 2021
    Market Forecast UnitsValue (USD Billion)
    Report CoverageRevenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments CoveredComponents, Deployment, Organization Size, Application, and Region
    Geographies CoveredNorth America, Europe, Asia Pacific, and the Rest of the World
    Countries CoveredThe U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled AMD (US) Dassault Systems (France) Intel (US) NVIDIA (US) AWS (US) HPE (US) Sugon (China) IBM (US) Atos (US) Fujitsu (Japan) Cisco (US) Dell (US) Lenovo (China)
    Key Market OpportunitiesIncreasing Adoption of HPC in the Cloud
    Key Market DynamicsThe industry verticals function as prominent market segments where the market applications are encountering slow and inefficient data processing issues, including areas like finance, medical, research, seismic exploration, government, and others like defense.

    Market Highlights

    Author
    Shubham Munde
    Research Analyst Level II

    With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

    Leave a Comment

    FAQs

    How much is the cloud high-performance computing market?

    The Cloud High-Performance Computing Market size was valued at USD 5.5 Billion in 2022.

    What is the growth rate of the cloud high-performance computing market?

    The global market is projected to grow at a CAGR of 16.68%% during the forecast period, 2023-2030.

    Which Region held the largest market share in the cloud high-performance computing market?

    North America had the largest share of the global market

    Who are the key players in the cloud high-performance computing market?

    The key players in the market are AMD (US), Dassault Systems (France), Intel (US), NVIDIA (US), AWS (US), HPE (US), Sugon (China), IBM (US), Atos (US) Fujitsu (Japan) Cisco (US) Dell (US) Lenovo (China).

    Which deployment led the cloud high-performance computing market?

    The On-premises cloud high-performance computing category dominated the market in 2022.

    Which application areas had the largest market share in the cloud high-performance computing market?

    The Manufacturing based segment had the largest share of the global market.

    Download Free Sample

    Kindly complete the form below to receive a free sample of this Report

    Case Study
    Chemicals and Materials