HPC Software Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.78 Billion |
| Market Size (2029) | USD 67.91 Billion |
| CAGR (2024 - 2029) | 58.52 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
HPC Software Market Analysis
The HPC Software Market size is estimated at USD 6.78 billion in 2024, and is expected to reach USD 67.91 billion by 2029, growing at a CAGR of 58.52% during the forecast period (2024-2029).
Factors such as rising investments in the Artificial Intelligence (AI), the Industrial Internet of Things (IIoT), and engineering demand for Electronic Design Automation (EDA) are driving the market over the forecast period.
- The surging demand for short product development cycles (PLCs) and a need to maintain persistent quality becomes nearly impossible to address in real time without using the right tools and advanced technologies.
- Countries across the globe, including Germany, the United States, the United Kingdom, Japan, and China, among others, have recognized the importance of such technologies as a significant driver of economic growth and are potential markets for HPC software, which support these initiatives while maintaining cost and performance efficiencies.
- The adoption of high-performance computing (HPC) systems with computer-aided engineering (CAE) software for high-fidelity modeling simulation is rising among various industries, such as automotive, discrete manufacturing, and healthcare robotics.
- Moreover, cloud-based HPC solutions are gaining traction due to their cost-effective pay-as-you-go pricing model. Predominantly, government agencies, research institutions, and universities are likely to benefit from cloud-based HPC solutions.
HPC Software Market Trends
Cloud Based High-Performance Computing Software is Driving the Growth
- Enterprises across regions are deciding to rent HPC applications via the cloud to solve complex mathematical modeling problems, as they see benefits beyond costs. As a result, cloud high-performance computing (HPC) has seen an uptick in the past few years.
- Cloud HPC offers scalable and cost-effective ways to process a large amount of data and run complex applications. Cloud computing providers are investing in research and development to introduce new software to meet the needs of businesses.
- For instance, in February 2023, Researchers at Amazon Web Services (AWS) launched a new software framework that can be used to create electromagnetic simulations on quantum computing hardware. It was developed to leverage the cloud-based high-performance computing (HPC) products and services available on AWS.
- Cloud HPC providers gain significant returns by maintaining competitive costs, rapid innovation, and portfolio expansions.
- For instance, in May 2023, CGG, a global technology, and HPC provider, announced that it signed a contract to be the exclusive HPC cloud partner of Biosimulytics, an Irish pharma software company that uses artificial intelligence (AI) to dramatically improve the speed, cost, novelty, and success rate in new drug development.
- In November 2022, Lockheed Martin and Microsoft announced the expansion of their strategic relationship to support the advancement of technology for the Department of Defense (DOD). The agreement was expected to focus on Classified Cloud innovations, Digital Transformation, and other advanced technological innovations. Such cloud-focused partnerships by the major vendors are expected to boost the demand for cloud HPC.
Asia-Pacific is the Fastest Growing Region
- The region is home to several large and emerging economies, including China, Japan, and India. These economies are heavily investing in HPC to accelerate their economic development. Moreover, the growing use of simulation in various industries, including manufacturing, healthcare, and others, drives the demand for HPC.
- The region's strong manufacturing industry and investments in technologies driving HPC, such as IoT and AI, will likely make it a lucrative market for cloud HPC vendors.
- Vendors have made significant investments to cater to Asia-Pacific's robust manufacturing sector, which increasingly relies on simulation and cloud computing to lower production costs and improve operational effectiveness to maintain their competitiveness in the global market.
- Specifically, China, Japan, South Korea, India, and Australia are creating huge potential for HPC software in the coming years. The Chinese government has declared to invest USD 47 billion in its semiconductor industry to cut out non-indigenous devices in manufacturing and design, which will eventually create potential space for high-performance computing technology in the country for the forecast period.
- In April 2022, Fujitsu announced the launch of its new service portfolio, "Fujitsu Computing as a Service (CaaS)," to accelerate digital transformation (DX) by offering access to the most advanced computing technologies via the cloud for commercial use. The company was expected to begin delivery of these new services to the Japanese market in October 2022.
HPC Software Industry Overview
Some regional and global players dominate the market with their technological expertise in high-performance computing software solutions. The global market for high-performance computing software is expected to be consolidated in nature. Amazon Web Services Inc., ANSYS, Inc., Dassault Systemes, Dell EMC, Google Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Intel Corporation, Microsoft Corporation, and Oracle Corporation are some of the major players in the current market. All these players are involved in competitive strategic developments such as partnerships, new product innovation, and market expansion to gain leadership positions in the global high-performance computing software market.
In May 2023, IBM announced Cadence Design Systems, Inc. is leveraging high-performance computing (HPC) with IBM Cloud HPC to help develop its chip and system design software faster. Cadence can flexibly manage its compute-intensive workloads on-premises and in the cloud with the integrated IBM Spectrum LSF deployed in a hybrid cloud solution for HPC.
In May 2023, Quantum Machines announced its partnership with ParTec to launch a co-developed universal software solution for tightly integrating quantum computers into high-performance computing (HPC) environments.
HPC Software Market Leaders
-
Dell EMC
-
Hewlett Packard Enterprise Development LP
-
IBM Corporation
-
Intel Corporation
-
Microsoft Corporation
*Disclaimer: Major Players sorted in no particular order
HPC Software Market News
- May 2023: BlackBerry QNX announced the launch of an ultra-scalable, High-Performance compute-ready operating system, QNX Software Development Platform (SDP) 8.0, to advance software development efforts for next-generation vehicles and IoT systems.
- June 2022: The U.S. Army Engineering and Support Center, Huntsville (Huntsville Center) awarded a USD 699 million contract to BAE Systems Technology Solutions & Services, Inc., Rockville, Maryland, for integrated services in support of the High-Performance Computing Modernization Program (HPCMP).
HPC Software Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Cloud Based High-Performance Computing Software is Driving the Growth
4.3.2 Innovation in Virtualization Technology
4.3.3 Expansion and Diversification of IT Industry
4.4 Market Restraints
4.4.1 Data Security Concerns in High Availability Cloud Model
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Buyers/Consumers
4.6.2 Bargaining Power of Suppliers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Deployment Type
5.1.1 On-premise
5.1.2 Cloud
5.2 By Industrial Application
5.2.1 Aerospace & Defense
5.2.2 Energy & Utilities
5.2.3 BFSI
5.2.4 Media & Entertainment
5.2.5 Manufacturing
5.2.6 Life-science & Healthcare
5.2.7 Design & Engineering
5.2.8 Other Industrial Applications
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amazon Web Services Inc.
6.1.2 ANSYS, Inc.
6.1.3 Dassault Systemes
6.1.4 Dell EMC
6.1.5 Google Inc.
6.1.6 Hewlett Packard Enterprise Development LP
6.1.7 IBM Corporation
6.1.8 Intel Corporation
6.1.9 Microsoft Corporation
6.1.10 Oracle Corporation
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
HPC Software Industry Segmentation
High-performance computing (HPC) software includes various software suits based on their applications, such as operating systems, software for coding and development, system management, and virtualization. All these software can be deployed in the on-premise environment and on a hosted cloud platform.
The High-Performance Computing Software Market is segmented by Deployment Type (On-premise, Cloud), Industrial Application (Aerospace & Defense, Energy & Utilities, BFSI, Media & Entertainment, Manufacturing, Life-science & Healthcare, Design & Engineering), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Deployment Type | |
| On-premise | |
| Cloud |
| By Industrial Application | |
| Aerospace & Defense | |
| Energy & Utilities | |
| BFSI | |
| Media & Entertainment | |
| Manufacturing | |
| Life-science & Healthcare | |
| Design & Engineering | |
| Other Industrial Applications |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East & Africa |
HPC Software Market Research FAQs
How big is the HPC Software Market?
The HPC Software Market size is expected to reach USD 6.78 billion in 2024 and grow at a CAGR of 58.52% to reach USD 67.91 billion by 2029.
What is the current HPC Software Market size?
In 2024, the HPC Software Market size is expected to reach USD 6.78 billion.
Who are the key players in HPC Software Market?
Dell EMC, Hewlett Packard Enterprise Development LP, IBM Corporation, Intel Corporation and Microsoft Corporation are the major companies operating in the HPC Software Market.
Which is the fastest growing region in HPC Software Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in HPC Software Market?
In 2024, the North America accounts for the largest market share in HPC Software Market.
What years does this HPC Software Market cover, and what was the market size in 2023?
In 2023, the HPC Software Market size was estimated at USD 2.81 billion. The report covers the HPC Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the HPC Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High-Performance Computing Application Industry Report
Statistics for the 2024 High-Performance Computing Application market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. High-Performance Computing Application analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
