High Performance Data Analytics Market Trends– Marketing & Growth of Company Research Report, Demographic Segmentation, Expansion Projected and Forecast 2027
Market Scenario:
In the world of
technology that is empowered by data, the future of High Performance Data Analytics Market Trends seems quite exciting.
High-Performance Data Analytics is primarily a technology meant for providing
much-demanded data analytics services. It ranges from services like graph
modelling, visualization, and emerging architecture analytics, to streaming
analytics.
High
performance computing (HPC) refers to the additional computing power gained
from aggregation of various processors for solving complex problems with high
speeds. It is used by scientists for studying large data volumes and gleaning
insights by implementing new techniques that require decision-making in current
times. HPC plays the same role of a supercomputer and employed in industries of
aerospace, defense, and navigation systems. The global high performance
computing market report by Market Research Future (MRFR) unveils new trends in
integration of services and its application for the forecast period
(2020-2027). The COVID-19 outbreak and its role in the industry has been
included in the report.
Market Scope
The
global high performance computing market is set to exhibit 8% CAGR over the
forecast period. The growth is facilitated by use of HPC for resolving complex
problems in cryptography, satellite mapping, advanced vehicles, and
high-resolution image processing. Computing of data with high precision in
fields of finance and healthcare by using algorithms can bode well for the
market. The huge demand for hybrid solutions and scaling of HPC resources by
enterprises can drive the market growth. Shift to cloud can facilitate the
adoption rate of high performance computing among large industries. Large sales
of supercomputers and divisional machines coupled with cloud setups capable of
high performance computing can bode well for the market.
The
COVID-19 outbreak has propelled innovation in HPC with consortiums being formed
to aggregate the computing power of various supercomputers to gain insights on
experimental data accumulated from various COVID-19 cases. It has been utilized
to great effect for development of therapies and treatments for patients
detected with the virus. Moreover, applications of HPC in cybersecurity, green
vehicles, and climate change can widen the ambit of the market.
But
lack of expert personnel and advances in high performance workstations can
hamper market growth
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Competitive
Outlook:
Hewlett
Packard Enterprise Company, Intel Corporation, Microsoft Corporation, Oracle
Corporation, Dell, Inc., Advanced Micro Devices, Inc., IBM Corporation, Hitachi
Ltd, Cisco
Systems, Inc., and Fujitsu Ltd are key players of the high performance
computing market. Segmentation:
By
component, it is segmented into networking devices, storage, server, and software.
The server is expected to display 12% CAGR over the forecast period.
By
deployment, the market is divided into on-premise and on-cloud. The on-premise
deployment is expected to dominate over the forecast period owing to abundance
of space and capability of personnel in managing large data centers.
By
vertical, it is segmented into transportation, IT & telecommunications,
energy & utilities, manufacturing, healthcare, BFSI, and others. The
healthcare segment is bound to be lucrative for the HPC market owing to its
implementation in next generation sequencing, simulation, modeling, and data
management.
Regional
Analysis:
North
America, Europe, Asia-Pacific, and Rest of the World (RoW) are major regions
covered in the high performance computing market.
North
America is estimated to dominate the market owing to modernization of existing
infrastructure and installation of HPCs to gain advantage by leading companies
in their respective industries. Adoption of new technologies for improvement of
productivity and efficiency in processes can bode well for the regional high
performance computing market.
APAC
is likely to display a strong growth rate during the forecast period owing to
developments of supercomputers and its applications in solving problems in various
industries. Rapid digitalization in the healthcare sector owing to the COVID-19
pandemic and modernization of existing infrastructure can drive regional market
growth. Expansion of its applications in quantum computing and data analytics
can widen the prospects of the HPC market in the region.
Europe
can be beneficial to the high performance computing market owing to investments
in supercomputers and large application in the healthcare sector.
Industry News
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Full Report Details @ https://www.marketresearchfuture.com/reports/high-performance-data-analytics-hpda-market-1828
Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market
Definition
2.2 Scope
of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets
Structure
Continued….
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