Exascale Computing Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Deployment (On-premises, Cloud-based), By Customer Type (Government & Defense, Healthcare & Biosciences, Financial Services, Research & Academia, Manufacturing & Energy, Others), By Region, And By Segment Forecasts, 2024-2031.

Exascale Computing Market Size is valued at USD 4.05 billion in 2023 and is predicted to reach USD 25.9 billion by the year 2031 at a 26.6% CAGR during the forecast period for 2024-2031.

Exascale computing describes supercomputers that are capable of performing one exaflop of work per second or more. Faster, more powerful systems to address challenging tasks in scientific research, simulations, and big data processing drive the rising need for exascale computing. Additionally, standard computer techniques still need to be improved as data amounts grow. The complexity of simulations in disciplines such as climate modelling, aerospace, and healthcare has increased, as has the demand for the enormous processing capacity exascale computers offer. More precise forecasts, better designs, and revolutionary discoveries made possible by these sophisticated simulations help to drive the demand for exascale computing. Furthermore, the adoption of exascale computing is mostly driven by the emergence of data-driven companies. The need for exascale computing to manage industries' workloads will only grow as data keeps expanding tremendously.

However, the high cost of developing an exascale computing sector is a significant market constraint. Additionally, market growth is further hindered by high levels of energy usage and the requirement for highly trained personnel. The COVID-19 pandemic sped up the market for exascale computers because it increased the need for advanced models, remote research, and data-heavy applications. This showed that many areas need powerful external computing resources. Additionally, a number of factors are creating opportunities in the exascale computing market. These include new developments in artificial intelligence and machine learning, rising interest in data analytics, a stronger emphasis on green computing, and a widening range of uses in fields including medicine, weather prediction, and academia.

Competitive Landscape

Some Major Key Players In The Exascale Computing Market:

• Hewlett Packard Enterprise Company
• International Business Machines Corporation
• Intel Corporation
• NVIDIA Corporation
• Cray Inc.
• Fujitsu Limited
• Advanced Micro Devices, Inc.
• Lenovo Group Limited
• Atos SE
• NEC Corporation
• Other Market Players

Market Segmentation:

The exascale computing market is segmented based on component, deployment, and customer type. The components segment comprises hardware, software, and services. According to the deployment, the market is further segmented into on-premises and cloud-based. By customer type, the market is segmented into government and defense, healthcare and biosciences, financial services, research and academia, manufacturing and energy, and others.

Based On The Component, The Hardware Segment Accounts For A Major Contributor To The Exascale Computing Market.

Hardware is expected to hold a major global market share in the exascale computing market because cutting-edge, high-performance parts like memory systems and cooling solutions are necessary to achieve the extraordinary efficiency and processing power demanded by exascale systems; several components are crucial. The constant development of better semiconductors and more tailored hardware designs is also fueling investment and expansion in this market.

Government & Defence Segment To Witness Growth At A Rapid Rate.

The government and defence segment is growing because advanced computing power is increasingly needed for national security, data gathering, and complex simulations. Large-scale computers allow for quick data processing and accurate modelling, which are important for defence strategies, cybersecurity, and scientific study. This has led to a lot of investment and use in these areas.

In The Region, The North American Exascale Computing Market Holds A Significant Revenue Share.

The North American exascale computing market is expected to document the highest market share in revenue in the near future. This can be attributed to big investments from the government and the military, powerful research infrastructure, and the presence of top tech companies. The demand for exascale computer systems is also driven by the region's focus on new ideas and early adoption of cutting-edge technologies. In addition, the Asia Pacific is expected to grow rapidly in the exascale computing market because of the region's growing artificial intelligence and big data industries, massive expenditures in the region's technological infrastructure, and robust governmental backing for scientific research.

Recent Developments:

• In August 2024, Hewlett Packard Enterprise and Khazna Data Centers (Khazna), a frontrunner in cutting-edge hyperscale data centre solutions, unveiled a new managed data centre hosting service in the United Arab Emirates. Along with a number of AI initiatives with prominent regional institutions, the new service bolsters the United Arab Emirates' national AI policy.

• In June 2024, NVIDIA announced that some of the most prominent names in robotics are using its IsaacTM robotics platform to create and study autonomous machines and robots with artificial intelligence capabilities. BYD Electronics, Siemens, Teradyne Robotics, and Intrinsic, an Alphabet company, are among more than a dozen robotics industry leaders adding NVIDIA Isaac accelerated libraries, physically based simulation, and AI models to their software frameworks and robot models to make factories, warehouses, and distribution centres more efficient, safer, and intelligent assistants for repetitive or ultra-precise tasks.

Exascale Computing Market Report Scope

Segmentation of Exascale Computing Market -

Exascale Computing Market By Component-

• Hardware
• Software
• Services

Exascale Computing Market By Deployment-

• On-premises
• Cloud-based

Exascale Computing Market By Customer Type-

• Government & Defense
• Healthcare & Biosciences
• Financial Services
• Research & Academia
• Manufacturing & Energy
• Others

Exascale Computing Market By Region-

North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

 Middle East & Africa-

• GCC Countries
• South Africa
• Rest of the Middle East and Africa