SUPERCOMPUTERS MARKET ANALYSIS

Supercomputers MarketSize and Trends

The global supercomputers market size was valued at USD 7,060 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 9.75% from 2023 to 2030.  The increase in public awareness about economic competitiveness is also expected to drive the supercomputer market. The rising public awareness about the economic competitiveness of businesses is expected to drive the demand for supercomputers. Similarly, the increasing prevalence of cyberattacks is driving the focus on cybersecurity and this in turn is expected to propel the market growth.  

Figure 1. Global Supercomputers Market Share (%), By Region, 2022

Global Supercomputers Market Trends:

Growing applications of supercomputers in space explorations is a major trend

Space exploration through supercomputers is becoming one of the multifaceted and most exciting fields of research. For instance, NASA and Hewlett Packard Enterprise (HPE) partnered for the launch of the first supercomputer into space, with a mission called Spaceborne Computer. NASA uses leading-edge technologies for collecting, analyzing, and transmitting huge quantities of data and rapidly derive intelligent insights. For executing such critical workload, high-performance computing capabilities are must. Thus, this trend is expected to continue in the market during the forecast period.

Many emerging countries likely to emerge as major curve-benders is a growing trend in the market

Many emerging will become curve-benders in the supercomputers market. For instance, India is an emerging market player. The continuously expanding supercomputing network of the country is encouraging various private competitors and startups to pave the way for supercomputers in compute-intensive sectors including flood protection, oil exploration, genomics, weather accuracy, and drug discovery. Thus, this in turn is becoming a growing trend in the global supercomputers market.