High-Performance Computing as a Service Market Analysis

High-Performance Computing (HPC) as a Service Market Overview

High-Performance Computing (HPC) as a Service Market is projected to grow from USD 38.79 Billion in 2024 to USD 63.53 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.36% during the forecast period (2024 - 2032). Additionally, the market size for High-Performance Computing (HPC) as a Service was valued at USD 36.16 billion in 2023.

Applications for High-Performance Computing that are widely used, the growth of data creation, and the Internet of Things are the key market drivers enhancing the High-Performance Computing (HPC) as a Service market growth.

Figure 1: High-Performance Computing (HPC) as a Service Market Size, 2024-2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

High-Performance Computing (HPC) as a Service Market Trends

Data generation is increasing, and the Internet of Things will boost the market growth

One of the key drivers propelling the High-Performance Computing (HPC) as a Service market is the growth in data creation across several industrial verticals. The market is growing due to increased demand for these computing services brought on by the capacity to process data in real-time to stream live sporting events and analyze stock patterns. The market's growth is accelerated by the increased integration and conversion of industrial verticals by the Internet of Things (IoT). The market has benefited from using different technologies and parts to connect to the internet. Thus, this factor is driving the market CAGR.

High-performance computing (HPC) devices are in greater demand for genomics research. High-Performance Computing (HPC) as a Service market is anticipated to increase from USD 36 billion in 2022 to USD 49.9 billion by 2027, at a CAGR of 6.7% between 2022 and 2027. Genetic variations linked to various diseases and how they respond to therapies may be analyzed and identified through genomic research. Genome-wide genetic variants of various kinds can be found via genomic sequencing. Genomic research has become faster, more accurate, and more dependable because of High-Performance Computing (HPC) as a Service computer's effective analysis of a lot of sequencing data. The development of Next-Generation Sequencing (NGS) technology has allowed various omics approaches to investigate several facets of human health.

The high-performance computing industry is expanding significantly on a worldwide scale. Researchers have effectively used High-Performance Computing (HPC) as a Service to accelerate scientific research and produce significant advancements. Also, the industry is growing tremendously because of the increased use of high-performance computers to identify recurrent patterns. The market is expanding due to increasing demand for High-Performance Computing (HPC) as a Service from industries including BFSI, IT & telecommunications, retail, manufacturing, healthcare, energy & utilities, and transportation. Thus, this aspect is anticipated to accelerate High-Performance Computing (HPC) as a Service revenue globally.

High-Performance Computing (HPC) as a Service Component Insights

Based on Components, the global High-Performance Computing (HPC) as a Service market segmentation includes Platform and Solution. The solution segment dominated the market, accounting for 35% of market revenue. Over the projection period, the solutions sector is anticipated to maintain its commanding lead. In 2022, it captured a significant market share for High-Performance Computing (HPC) as a Service. This market's expansion is mostly driven by a rise in the need for processing complicated calculation procedures. Moreover, the ideal performance, flexible Deployment, and administration of important components become necessary to enable effective management and customization of workflow. As a result, these variables increase the need for HPC solutions.

Figure 1: Global High-Performance Computing (HPC) as a Service Market, by Component, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

High-Performance Computing (HPC) as a Service Organization Size Insights

The global High-Performance Computing (HPC) as a Service market segmentation, based on Organization Size, includes SMEs, Large enterprises. The SMEs category generated the most income. Small to medium-sized businesses are defined as those with less than 1,000 employees. For high-end applications in SMEs, desktop computers are ineffective at meeting the computational and storage requirements. As a result, SMEs are turning to solutions that can meet their high computational requirements. The three major problems that SMEs encounter are funding, skills, and scalability. SMEs are using cloud-based HPC solutions, which provide them the flexibility to grow their IT infrastructure to address these difficulties.

High-Performance Computing (HPC) as a Service Deployment Insights

Based on Deployment, the global High-Performance Computing (HPC) as a Service industry has been segmented into Public Cloud, Private Cloud, and Hybrid. Private Cloud held the largest segment share in 2022. Because there is no need for new in-house computer resources with cloud deployment, firms may lower their operating expenses. The rise of the cloud sector is anticipated to be fueled by additional benefits, including improved efficiency and cost-effectiveness.

High-Performance Computing (HPC) as a Service Verticals Insights

Based on Verticals, the global High-Performance Computing (HPC) as a Service industry has been segmented into BFSI, Healthcare, Retail and Others. BFSI held the largest segment share in 2022. The BFSI industry includes businesses that provide financial services (payment gateways, stockbroking, and mutual funds), insurance services for life and general hazards, and banking services such as core banking, corporate, retail, investment banking, and hedge funds. Innovative IT solutions are necessary for financial institutions like banks and insurance firms to manage operational risks, create sustainable development, and provide top performance.

High-Performance Computing (HPC) as a Service Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America High-Performance Computing (HPC) as a Service market accounted for largest region in 2022 and is expected to exhibit a significant CAGR growth during the study period. The greatest market for technological solutions is in North America. Moreover, it is anticipated to play a role in developing and using new technologies and the global economy. Strong security measures are becoming more crucial as processing big amounts of raw data becomes more necessary. Due to this, there is an increasing demand to use cutting-edge technology, pushing the uptake of HPC systems. Also, many of the major multinational corporations, such as General Motors and Boeing, are based in the North American area. These companies, along with other SMEs, are rapidly implementing HPC systems to assist them in overcoming the technological challenges they are now facing. As a result, HPC system use is increasing throughout North America.

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.

Figure 2: GLOBAL HIGH-PERFORMANCE COMPUTING (HPC) AS A SERVICE MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Due to the increasing use of HPC systems for scientific research and weather forecasting, among other things, the Asia Pacific High-Performance Computing (HPC) as a Service market is expected to develop at the highest CAGR of approximately 8.9% throughout the projection period. China is also among the top 10 nations dominating the high-performance computing sector. Supercomputers like Tianhe-2 (Milkyway-2) and Sunway TaihuLight are also made in China. The National University of Defense Technology of China developed Tianhe-2 (Milkyway-2) with funding from the governments of Guangzhou City and Guangdong Province. Moreover, China's High-Performance Computing (HPC) as a Service market held the largest market share. The India High-Performance Computing (HPC) as a Service market was the fastest growing in Asia-Pacific.

Due to the adoption of cloud services and the rising number of businesses reliant on cloud services, the Europe High-Performance Computing (HPC) as a Service market is predicted to experience considerable growth between 2022 and 2029. Due to the presence of important businesses like NVIDIA, HPE, IBM, Microsoft, and AMD in the sector, there is likely a major increase in the demand for high-performance computing. The White House budget for the fiscal year 2021 contained a request to invest more than USD 475 million in exascale computing to maintain the position of the United States as the industry leader in supercomputers. Further, the Germany High-Performance Computing (HPC) as a Service market held the largest market share. The UK High-Performance Computing (HPC) as a Service market was the fastest-growing market in the European Region.

High-Performance Computing (HPC) as a Service Key Market Players & Competitive Insights

Leading industry companies are making significant R&D investments to broaden their product offerings, which will spur further expansion of the market for High-Performance Computing (HPC) as a Service product. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. The High-Performance Computing (HPC) as a Service industry must offer products at reasonable prices to grow and thrive in a more cutthroat and competitive environment.

One of the primary business strategies manufacturers employ in the worldwide High-Performance Computing (HPC) as a Service industry to benefit customers and expand the market sector is local manufacturing to reduce operating costs. The High-Performance Computing (HPC) as a Service industry has recently provided some of medicine's most important benefits. Major players in the High-Performance Computing (HPC) as a Service market, including IBM Corporation, Hewlett Packard Enterprise Company, Dell, Inc., Microsoft Corporation, Intel Corporation, Fujitsu Ltd, Cisco Systems, Inc., Oracle Corporation, Hitachi Ltd, Advanced Micro Devices, Inc, and others, are attempting to increase market demand by investing in research and development operations.

With its headquarters in Armonk, New York, and operations in more than 175 nations, the International Business Machines Corporation, sometimes known as Big Blue, is an American global technology company. IBM purchased Sentaca (US), a software consultancy company and expert in cloud migration that aids telcos and communication service providers, in February 2022. Scalable, edge- and cloud-enabled process automation and process safety solutions will be offered by Sentaca and IBM.

The Hewlett Packard Enterprise Corporation is a global American information technology firm headquartered in Spring, Texas. On November 1, 2015, HPE was established in Palo Alto, California, as a result of the division of the Hewlett-Packard corporation. To speed up customer delivery and boost the local supplier ecosystem, Hewlett Packard Enterprise stated in May 2022 that it would be expanding and constructing its first European plant for HPC and AI systems. The HPE Cray EX supercomputers and HPE Apollo systems will be produced and shipped from a new facility.

Key Companies in the High-Performance Computing (HPC) as a Service market include

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  IBM Corporation

  
  


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  Hewlett Packard Enterprise Company Dell Inc.

  
  


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  Microsoft Corporation

  
  


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  Intel Corporation

  
  


• Fujitsu Ltd, Cisco Systems Inc.


• Oracle Corporation

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  Hitachi Ltd

  
  


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  Advanced Micro Devices Inc.

  
  

High-Performance Computing (HPC) as a Service Industry Development

February 2022: To do sentiment analysis, language translation, and entity recognition in financial services, SambaNova unveiled a new HPC-based solution. The demand for dependable HPC systems to meet diverse compliance concerns has also been spurred by laws in the banking sector. As a result, companies are putting in HPC systems that are more reliable, secure, and capable of producing high-end computing outputs.

High-Performance Computing (HPC) as a Service Market Segmentation

High-Performance Computing (HPC) as a Service Component Outlook

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  Platform

  
  


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  Solution

  
  

High-Performance Computing (HPC) as a Service Deployment Type Outlook

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  Public Cloud

  
  


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  Private Cloud

  
  


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  Hybrid

  
  

High-Performance Computing (HPC) as a Service Organization Size Outlook

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  SMEs

  
  


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  Large Enterprises

  
  

High-Performance Computing (HPC) as a Service Vertical Outlook

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  BFSI

  
  

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  Healthcare

  
  


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  Retail

  
  


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  others

  
  

High-Performance Computing (HPC) as a Service Regional Outlook

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  North America

  
  

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  US

  
  


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  Canada

  
  

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  Europe

  
  

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  Germany

  
  


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  France

  
  


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  UK

  
  


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  Italy

  
  


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  Spain

  
  


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  Rest of Europe

  
  

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  Asia-Pacific

  
  
  
  
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    China

    
    
  
  
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    Japan

    
    
  
  
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    India

    
    
  
  
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    Australia

    
    
  
  
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    South Korea

    
    
  
  
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    Australia

    
    
  
  
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    Rest of Asia-Pacific

    
    
  
  
  
  


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  Rest of the World

  
  
  
  
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    Middle East

    
    
  
  
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    Africa

    
    
  
  
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    Latin America