Hyperion Research Announces HPC/AI Market Grew by 23.5% in 2024
ST. PAUL, Minnesota, April 8, 2025 – Hyperion Research announced today that it has just completed its market tracking for the technical computing HPC/AI/QC market in 2024 and the growth over 2023 is the highest in decades. The overall market including on-premises servers, storage, software and maintenance plus spending in the cloud reached $60 billion in 2024.
Credit: Hyperion Research
AI is used by over 78% of all HPC sites around the world and is engendering new discoveries, products and services. The excitement around Large Language Models (LLMs) started this growth almost two years ago and is now being applied across all HPC sectors. In addition, the use of large-scale computing combined with large data sets has created an expansion of traditional HPC use cases. Hyperion Research is now projecting the overall HPC/technical computing market will exceed $100 billion by 2028.
The use of clouds to run HPC/AI/QC workloads is also growing at an accelerated rate and reached close to $9 billion in 2024. Hyperion Research expects the use of cloud computing to grow 17% to 20% over the next few years.
Credit: Hyperion Research
The figure below shows the market size and trends from 2005 to 2024, with strong growth in the past year and overall, since 2020.
According to Earl Joseph, CEO at Hyperion Research: “As AI is being integrated into traditional HPC workflows, and HPC-class machines are purchased to adopt AI into enterprise datacenter applications, we are seeing a great increase in new buyers and suppliers entering the HPC market."
The tracking of the HPC market is based on multiple surveys conducted of both buyers and suppliers. The new market results show a major change in the overall HPC market growth, heavily driven by a combination of the use of AI, Large Language Models, and the purchases of large GPU/accelerator-based systems. HPC systems are considered the backbone for many AI and AI-related applications, which has driven the overall HPC market to a new growth level.
About Hyperion Research
Hyperion Research is the premier industry analysis and market intelligence firm for high performance computing (HPC) and associated emerging markets. Hyperion Research analysts provide timely, in-depth mission-critical insight across a broad portfolio of advanced computing market segments, including High Performance Computing (HPC), Advanced Artificial Intelligence (AI), High-Performance Data Analysis (HPDA), Quantum Computing (QC), Cloud, and advanced technologies. The industry analysts at Hyperion Research have been at the forefront of helping private and public organizations and government agencies make intelligent, fact-based decisions related to business impact and technology direction in the complex and competitive landscape of advanced computing and emerging technologies for over 39 years.
Source: Hyperion Research
