SUNNYVALE, CA - July 30, 2013 - Commercial and industrial spending are becoming an increasingly important part of overall HPC market growth, according to Intersect360 Research’s Worldwide High Performance Computing 2012 Total Market Model and 2013-17 Forecast. Those sectors will help the HPC market grow at a 6.6% compound annual growth rate over the next four years, in spite of slower gains in the public sector. The report estimates a total HPC market valuation of $40.1 billion by the end of the forecast period, an increase of $10.9 billion.“We remain bullish on HPC market growth, despite the slowdown of the overall IT industry,” reports Intersect360 Research Chief Research Officer Christopher Willard, Ph.D. “Our survey data points to growth in HPC budgets, while 2012 saw a strong uptick in hardware budgets. In addition, we believe that computation methods for scientific research, engineering design, and business analytics will continue to grow in importance as fundamental competitive tools.”
According to the report, which measures both High Performance Technical Computing (HPTC) and High Performance Business Computing (HPBC), government austerity measures will continue to impact specific public sector budgets over the next few years, however, companies utilizing HPC technology – such as financial service institutions, life science firms, and oil and gas companies – have left the recession behind and are able to re-invest in HPC technology. HPBC comprised about one-third of the HPC market in 2013.
“We expect commercial and industrial spending to remain strong,” added Willard, “potentially outgrowing overall economic performance.”
In addition, vendors can expect governmental support for HPC outside the U.S.
On the flip side, public sector spending within the U.S. is still uncertain, and fluctuations in the storage market over the past two years, caused by widespread flooding in Asia, must be considered in the year-to-year comparison.
According to Willard, this is one of the hazards of market modeling. “After a down year in 2011 due to the flooding, storage sales rebounded dramatically in 2012. This kind of ‘market noise’ reverberates through forecast models leading to a rather average forecasted growth rate for what we believe is one of the strongest components of the market.”
An Executive Summary of this report, part of Intersect360 Research’s HPC Market Advisory Service, is available for download at www.intersect360.com/industry/reports.
About Intersect360 Research
Intersect360 Research is a market intelligence, research, and consulting advisory practice focused on suppliers, users, and policymakers across the High Performance Computing ecosystem. Intersect360 Research utilizes both user-based and supplier-based research to form a complete perspective of HPC market dynamics, trends, and usage models, including both technical and business applications.
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