Global Supercomputers Market 2024, Forecast To 2033
26 Feb, 2024
The supercomputers market has demonstrated rapid growth, increasing from $11.78 billion in 2023 to $13.84 billion in 2024, with a CAGR of 17.4%. Historical growth is attributed to government investments in scientific research, national security and defense applications, computational demands of weather modeling, advances in high-performance computing (HPC) architecture, and the growth of artificial intelligence and machine learning applications. Projections suggest continued rapid growth to $26.67 billion in 2028, with a CAGR of 17.8%. The forecasted growth is driven by continued growth of data-intensive applications, expansion of supercomputing for drug discovery and healthcare, development of exascale computing capabilities, increasing demand for quantum computing solutions, and the rise of edge computing and distributed supercomputing networks.
Global Supercomputers Market Key Driver
Government investments in high-processing power are expected to drive the supercomputer market's growth. Governments globally invest in high-end projects requiring advanced computing, as exemplified by the National Center for Atmospheric Research's $35 million plan. The U.S. Department of Energy allocated $28 million for supercomputer software projects. These investments fuel the demand for high-processing power, propelling the supercomputer market forward.
Get A Free Sample Of The Global Supercomputers Market ReportGlobal Supercomputers Market Segments
The supercomputers market covered in this report is segmented –
1) By Type: Vector Processing Machines, Tightly Connected Cluster Computer, Commodity Cluster
2) By Processor Type: Intel, IBM (Power), AMD, Other Proccessor Types
3) By Applications: Commercial, Research Institutions, Government Entities, Other Applications
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the supercomputer market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the supercomputers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Supercomputers Industry Players
Atos IT Solutions & Services Ltd.; Dawning Information Industry Co. Ltd.; Dell Technologies Inc.; Fujitsu Limited; Huawei Investment & Holding Co. Ltd.; International Business Machines Corp.; Lenovo Group Ltd.; NEC Corporation; Nvidia Corporation; Sugon Information Industry Company; Hewlett Packard Enterprise Company; Hitachi Ltd.; Bull SAS; Cray Research and Silicon Graphics Inc.; D-Wave Quantum Systems Inc.; Honeywell International Inc.; Space Exploration Technologies Corp.; Cisco Systems Inc.; Eurotech SpA; Inspur Software Co. Ltd.; Penguin Computing Inc.; Super Micro Computer Inc.; Rackable Systems Inc.; Advanced Micro Devices Inc.; Evaxion Biotech AS; Health Rhythms Inc.; Rescale Inc.; Baidu Inc.; Intel Corporation; RSC Group; ASUS TEK Computer Inc.
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Supercomputers Market Overview
A supercomputer is a computer with the architecture, resources, and components necessary to perform large computations. Today's supercomputers are made up of tens of thousands of processors that can do billions or trillions of calculations per second. A supercomputer is generally intended for use in businesses and organizations that demand a large amount of computational power. A supercomputer combines architectural and operational elements from parallel and grid processing, in which a process is run on thousands of processors at the same time or spread among them.
Supercomputers Global Market Report 2023 provides data on the global supercomputers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The supercomputers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.