These systems address emerging applications in life sciences, healthcare, and other domains that require extensive data storage, management, and analysis. HPC finds wide usage in drug discovery, molecular modeling, medical imaging, and analysis of large genomic and biomedical datasets. With the rising incorporation of AI and machine learning techniques in life sciences research and clinical applications, the demand for HPC is experiencing significant growth.
The global High Performance Computing Market is estimated to be valued at US$ 36.33 Bn in 2023 and is expected to exhibit a CAGR of 3.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of HPC systems in life sciences and healthcare domains is one of the key trends driving the market growth. With medical research generating massive volumes of data on genomics, molecular structures, patient profiles, and clinical trials, high performance computing has emerged as a crucial tool for processing and analyzing such large and complex datasets. It enables faster and more cost-effective drug discovery processes by powering simulations of molecular interactions and disease mechanisms. Many pharmaceutical companies are now leveraging HPC clouds or establishing private HPC centers to boost their research productivity through simulation-led scientific discovery. The continued penetration of HPC in life sciences vertical is expected to significantly augment the demand over the forecast period.
Segment Analysis
The Global High Performance Computing Market Sizeis dominated by the cloud segment. With high adoption of cloud HPC among small and medium enterprises due to advantages like low upfront costs and minimal hardware procurement, the cloud segment accounts for over 45% market share. Within cloud, public cloud leads as it provides truly elastic on-demand access without restrictions on data transfer or usage. However, private cloud is also gaining popularity for applications requiring additional security and privacy.
Key Takeaways
The global high performance computing market is expected to witness high growth over the forecast period.
Regional analysis: North America currently dominates due to presence of leading HPC vendors and tech giants investing in R&D. However, Asia Pacific is emerging as the fastest growing region attributed to government initiatives to boost supercomputing infrastructure and growing demand from enterprises in industries like automotive, manufacturing and life sciences.
Key players operating in the high performance computing market are Intel Corporation, AMD Inc., NVIDIA Corporation, Cisco Systems Inc., IBM, Amazon Web Services, Microsoft Corporation, Google Inc., Hewlett Packard Enterprise, DELL Inc. Regional players are also focusing on developing applications optimized for HPC workloads to gain share.
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