Total HPC Market Revenue Grew 8.1% to $38.1 Billion in 2022

 

SUNNYVALE, CA—May 18, 2022— The traditional worldwide High Performance Computing market totaled $38.1 billion at the end of 2022, according to leading HPC and hyperscale analyst firm Intersect360 Research, a year-over-year increase of 8.1% from 2021. The expanded HPC-AI market grew at an even higher rate of 11.3%, reaching $44.4 billion.

In its newly-released report, Worldwide HPC and AI 2022 Total Market Size and 2023–2027 Forecast: Products and Services, Intersect360 Research details both markets, including $6.3 billion in dedicated AI budgets that are part of the expanded HPC-AI market. These figures do not include the $17.9 billion spent by the Hyperscale market on AI and HPC infrastructure in 2022, which dwarfs the rest of the market.

“After so much economic disruption due to the pandemic, it’s gratifying to see the market returning to steady growth,” says Intersect360 Research CEO Addison Snell. “But that doesn’t mean this forecast is simple. With broader adoption of AI, slowing migration toward cloud, and the dawn of Exascale supercomputing, there are a lot of complex industry dynamics at work. Each subsegment of the market warrants careful evaluation.”

The forecast represents a return to steady growth following the recent pandemic-affected years. The HPC market will grow at a 6.1% compound annual growth rate (CAGR) from 2022 through 2027 to reach $51.2 billion in 2027. The expanded HPC-AI market will grow at a 6.3% CAGR from 2022 through 2027 to reach $60.4 billion in 2027, representing the relatively faster growth of dedicated AI budgets outside of HPC.

Following eight straight years of double-digit growth, cloud computing will soon see the final year in its streak, according to the report. Over the next five years, cloud computing is forecast to near its maximum penetration of HPC spending, where new HPC cloud deployments will be balanced by on-premises repatriation.

By the end of the decade, adds Snell, “the ‘pure AI’ market will begin to diminish, or else the distinction between scalable, high-performance infrastructure for HPC and machine learning will become less relevant.” In the long run, Intersect360 Research expects the two views of the market to re-merge.

Snell and Intersect360 Research’s Chief Research Officer Dan Olds presented an in-depth overview of the forecast May 16 via Zoom. A recording of their presentation is viewable at https://www.intersect360.com/presentation/may2023/.

About Intersect360 Research

Intersect360 Research is a market intelligence, research, and consulting advisory practice focused on high-performance data center trends, including High Performance Computing (HPC), artificial intelligence (AI) and machine learning, cloud computing, big data, and hyperscale. Intersect360 Research utilizes both user-based and supplier-based research to form a complete perspective of market dynamics, trends, and usage models, including both technical and business applications. The company’s end-user-focused research is inclusive from both a technology perspective and a usage standpoint, allowing Intersect360 Research to provide its clients with total market models that include both traditional and emerging HPC applications.

In addition to its market advisory subscription services, Intersect360 Research offers customers an array of client-specific services, including custom surveys, white papers and custom analysis. More information about Intersect360 Research as well as the full slate of Intersect360 Research reports available for purchase and download can be found atwww.intersect360.com.

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