Global Supercomputer Market to Grow Rapidly at a CAGR of 11.6%
Category : Semiconductor And Electronics | Published Date : Aug 2024 | Type : Press Release
Supercomputer Market Scope & Overview:
A supercomputer is an extremely advanced computing machine. It includes its architecture, components, and resources. It consists of a large number of processor chips that perform trillions of computations per second. They provide advantages like high-speed performance, parallel processing, enhanced simulations, and modeling.
Consegic Business Intelligence analyzes that the Global Supercomputer Market size was valued at USD 10,664.78 Million in 2023, is projected to grow by USD 11,716.97 Million in 2024, and is expected to register a CAGR of 11.6% to reach USD 25,748.17 Million by 2031.
This report comprises Supercomputer Market Share, Size & Industry Analysis, By Type (Vector Processing Machines, Tightly Connected Cluster Computers, and Commodity Clusters), By Operating System (Linux and Unix), By End-User (Commercial Industries, Government Entities, Research Institutions, and others), By Application (Cloud Infrastructure, Commercial, Space and Research Centers, Hospitals and Laboratories, Government Entities, Defense, BFSI and others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2024-2031.
This report contains detailed information on Supercomputer Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
As per the report analysis, the surge in data analytics and wide adoption of high-performance computing in various industries is driving the growth of the supercomputer market. The integration of cloud and machine learning technologies is expected to create new opportunities in the market.
Segmental Analysis :
The supercomputer market is segmented based on type, operating system, end-user, application, and region.
Based on type the market is categorized into vector processing machines, tightly connected cluster computers, and commodity clusters.
- The tightly connected cluster segment accounted for the highest market share in 2023. This is due to the ability of systems to provide scalability, versatility, and efficiency for computing.
- The commodity cluster segment is expected to witness the fastest CAGR over the forecasted period, as this makes supercomputers available to a broader range of organizations.
Based on the Operating System the market is bifurcated into Linux and UNIX.
- The Linux systems segment held the highest market share and is expected to witness the fastest CAGR during the forecasted period. This is due to the features Linux systems provide such as a powerful terminal interface and customization.
Based on the end users the market is segmented into commercial industries, government entities, research institutions, and others.
- The government entities segment accounted for the largest revenue share in the year 2023 due to rising government initiatives and investments in national defense and space research.
- Over the forecasted period, the commercial industries segment is expected to witness the fastest CAGR as supercomputers are used to perform various business operations efficiently.
Based on the application the market is segmented into cloud infrastructure, commercial, space and research centers, hospitals and laboratories, government entities, defense, BFSI, and others.
- The space and research segment accounted for the largest market share in 2023, due to applications of supercomputers in space exploration and research centers.
- During the forecasted period, the cloud infrastructure is anticipated to witness the fastest CAGR, mainly due to the rise of performance computing as a service in the industry.
By region, the market is segregated into regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
- North America is estimated to reach over USD 8,687.43 Million by 2031 from a value of USD 3,597.32 Million in 2023 and is projected to grow by USD 3,952.32 Million in 2024.
- Asia-Pacific region was valued at USD 2,627.89 Million in 2023. Out of this, China accounted for the maximum revenue share of 38.3% due to the adoption of supercomputers in different industries in the region.
| Report Attributes | Report Details |
| By Offering | Hardware, Software, and Service |
| By Type | Vector Processing Machines, Tightly Connected Cluster Computers, and Commodity Clusters |
| By Operating System | Linux and Unix |
| By End User | Commercial Industries, Government Entities, Research Institutions, and others |
| By Application | Cloud Infrastructure, Commercial, Space and Research Centers, Hospitals and Laboratories, Government Entities, Defense, BFSI and others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Supercomputer Industry:
- Hewlett Packard Enterprise (HPE) (US)
- IBM (US)
- Dell Technologies (US)
- Fujitsu (Japan)
- Samsung Electronics (South Korea)
- NVIDIA Corporation (US)
- Microsoft (US)
- Cerebras (US)
- Huawei Technologies Co. LTD (China)
- Intel Corporation (US)
Recent Industry Developments :
- Hewlett Packard Enterprise, in collaboration with Intel, launched the world's second exascale supercomputer, Aurora, in May 2024.
- In April 2024, IBM partnered with RIKEN to introduce its latest quantum computer design and most advanced quantum processor.
- Intel launched the Gaudi 3 AI accelerator in April 2024, aimed at boosting performance, transparency, and options for enterprise generative AI (GenAI).
- NVIDIA introduced the NVIDIA DGX SuperPOD in March 2024, an AI supercomputer designed to handle trillion-parameter models continuously for large-scale generative AI training.
- In December 2023, IBM introduced 'IBM Quantum Heron,' a large-scale quantum processor designed to achieve IBM's best performance and lowest error rates of any IBM Quantum processor.
- In May 2023, IBM revealed a significant collaboration with the University of Tokyo and the University of Chicago to create a quantum-focused supercomputer with 100,000 qubits.
