The high-performance data analytics market witnesses rapid revenue growth. The growth of big data every minute, driven by the growing adoption of connectivity and wearable and sensor technologies, is a major trend that is pervasive throughout the HPDA industry. The market is expected to recognize exponential growth in the coming years as the demand for truly personalized and cost-effective big data management solutions in the burgeoning sector increases.
According to Market Research Future (MRFR), the global high-performance data analytics market is expected to reach significant value by 2027, growing at a phenomenal CAGR during the evaluation period (2020-2027). The fast-growing high-performance computing (HPC) is a key driver of market growth. Besides, rapid change along with advances in information technology adds value to market growth.
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Key players :
The global high-performance data market leader includes Red Hat, Inc. (United States), Cisco Systems, Inc. (US), IBM Corporation (US), Oracle Corporation (US), Hewlett-Packard Enterprise (US), Microsoft Corporation (US), Intel Corporation (US), Cray Inc. (USA), ATOS SE (France), and Juniper Networks (USA).
HPDA helps drive data-driven innovation.
Companies across industries understand the importance of data collection, storage, and analysis. Therefore, the widespread adoption of big data analytics is driving the high performance data analytics market size. The convergence of big data and IoT will affect the market environment and generate big data as the proliferation of IoT increases in various devices such as sensors.
Capital financing requirements are a major headwind for market growth .
The huge capital capital and investments required to develop and implement HPDA solutions significantly limit market growth. The various kinds of complications faced by the programming of these systems are also potential constraints for the high-performance data analytics market. Small problems in the programming of these systems can appear as potential constraints in the industry.
High Performance Data Analytics Market – Segment
The market is segmented into component, technology, application and region. The component segment is divided into software and hardware subsegments. The technical segment is sub-segmented into structured, semi-structured and unstructured parts.
The application segment is segmented into manufacturing, finance, telecommunications, healthcare, retail, and energy. The regional segment is segmented into Asia Pacific, Americas, Europe and Rest of the World.
High Performance Data Analytics Market - Regional Analysis
North America is the largest market for high-performance data analytics. The region is a leader in this segment and is getting the most out of its tendency to use the latest technologies to simplify operational processes. Besides, North America has world-class infrastructure that positively impacts market growth.
Additionally, increasing focus on product development, increasing federal government policies, and big data management and analytics to support better governance are key factors driving the market growth. In addition, factors such as IT companies, big data analytics providers, and the rapid expansion of their businesses are key drivers.
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High Performance Data Analytics Market - Competitive Analytics
The market appears to be competing with the presence of several large and small players operating in the market. Players operating in the marketplace focus on optimized situational awareness for their clients and ensure mission success. To gain a greater competitive edge, these players invest heavily in RD, global expansion, advanced technologies and product launches.
Industry /Innovation/Related News:
July 12, 2021 – Advanced Micro Devices, Inc., a multinational semiconductor company. (AMD – USA) announced a collaboration with EuroCC to support HPC growth across EMEA. EuroCC is an EU-funded project that aims to create a common high-level understanding in the fields of HPC, HPDA and artificial intelligence (AI). AMD technology is expected to help EuroCC achieve its goals. The EuroCC project allows HPC professionals to communicate consistently across a significant number of HPC centers in Europe.
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