This Intersect360 Research report presents the 2019 total market model and five-year forecast for the overall High Performance Computing (HPC) market,
segmented into vertical markets across industry, government, and academia. The forecast horizon is from 2020 through 2024, with compound annual growth
rates (CAGRs) using 2019 as a base.
Intersect360 Research defines HPC as the use of servers, clusters, and supercomputers—plus associated software, tools, components, storage, and services—for
scientific, engineering, or analytical tasks that are particularly intensive in computation, memory usage, or data management. Intersect360 Research
reports available in this series include the following segmentations:
Total HPC market revenue reached $39.0 billion in 2019, growing 8.2% over 2018. This was the tenth consecutive year of growth for the HPC market. The 8.2%
growth slightly exceeded the 7.2% growth Intersect360 Research had forecasted for the year. Reversing the trend from the past six years, government
spending took the lead in growth in 2019 and will continue to lead overall through the five-year forecast.
TABLE OF CONTENTS
EXECUTIVE SUMMARY 2
TABLE OF CONTENTS 4
What Is HPC? 9
HPC 2019 MARKET PERFORMANCE: VERTICAL MARKETS 10
Table 1: Total HPC Market Revenue ($000), 2019 vs. 2018, by Vertical Market 10
COVID-19 PANDEMIC FORECAST ADJUSTMENTS 11
Figure 1: The Shape of an HPC Recession 13
Figure 2: HPC Revenue ($000) as a Result of 2009 Recession, 2008 – 2013 14
2019–2024 HPC MARKET FORECAST: VERTICAL MARKETS 15
Table 2: Total HPC Market Revenue ($000), 2019 Actuals, 2020 to 2024 Forecast, by Vertical Market 18
Table 3: Year-over-Year Revenue Change, 2020 to 2024 Forecast, by Vertical Market 18
Table 4: Total HPC Market Revenue ($000), 2019 Actuals, 2020 to 2024 Forecast, by Economic Sector 19
Figure 3: Total HPC Market Revenue ($000), 2019 Actuals, 2020 to 2024 Forecast, by Vertical Market 19
APPENDIX A: METHODOLOGY 21
APPENDIX B: HPC MARKET DYNAMICS MODEL AND FUNDAMENTAL FORECAST ASSUMPTIONS 23
Market Maturity 23
Fundamental Market Dynamics Model 24
Figure A1: Traditional HPC Market Dynamics 25
Fundamental Market Assumptions 26
Fundamental Drivers 26
Fundamental Market Dampeners 27
Model-Based Assumptions 28
Basic Market Drivers 28
Basic Market Dampeners 29
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