High Performance Data Analytics (HPDA) Market, Market Growth Revenue and Trends 2030 | MRFR
According to Market Research Future (MRFR), the global high performance data analytics market is forecasted to reach a significant value by 2030, growing at a phenomenal CAGR during the assessment period (2020-2030). Rapidly growing high-performance computing (HPC) is a key driving force behind the market growth. Besides, rapid transformations with the advancements in information technology add value to the market growth.
The High Performance Data
Analytics (HPDA) Market witnesses rapid revenue rise.
The accretions of big data rising every minute with the rising adoption of
connecting and wearable & sensors technology are major trends prevailing
throughout the HPDA industry. With the rising demand for truly personalized and
cost-effective big data management solutions across the burgeoning sectors
drives the market growth, the market is projected to perceive exponential
growth in the forthcoming period. High-performance data analytics market size
to expand at a CAGR of 21.72 % by 2030
HPDA Helps Driving Data-Driven Innovations
Enterprises
across industries are well aware of the importance of data collection, storage,
and analysis. Therefore, they are adopting big data analytics extensively,
which boosts the high performance data analytics market size. The convergence
of big data and IoT, alongside the rising proliferation of IoT in different
devices like sensors, influences the market landscape, generating big data.
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High Performance Data Analytics Market - Segments
The
market is segmented into components, technologies, applications, and regions.
The component segment is sub-segmented into software and hardware. The
technology segment is sub-segmented into structured, semi-structured, and
unstructured.
The
application segment is sub-segmented into manufacturing, financial,
telecommunications, healthcare, retailers, energy, and others. The region
segment is sub-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 the leader in this segment and is gaining the most due to its tendency to
bank on the latest technologies to simplify the operational process. Besides,
North America has a world-class infrastructure that positively impacts market
growth.
Also,
increasing product developments, policies by federal governments, and increased
focus on big data management & analysis for better management support are
major factors bolstering the market growth. Additionally, factors such as the
presence of IT companies, big data analytics providers, and rapid expansion of
business act as major driving forces.
High Performance Data Analytics Market – Competitive
Analysis
The
market appears to be competitive with the presence of several large and small
players operating in the market. Players operating in the market focus on
optimized situational awareness for customers and ensure their mission success.
To gain a larger competitive edge, these players invest heavily in R&D,
global expansion, advanced technologies, and product launch. Players
leading the global
high performance data market include Red Hat, Inc. (US), Cisco system, Inc.
(US), IBM Corporation (US), Oracle Corporation (US), Hewlett-Packard Enterprise
(US), Microsoft Corporation (US), Intel Corporation (US), Cray Inc. (US), ATOS
SE (France), and Juniper Networks (US), among others.
Industry News
Advanced
Micro Devices, Inc. (AMD – the US), a multinational semiconductor company,
announced its collaboration with EuroCC to support HPC growth across EMEA.
EuroCC is an EU-funded project with a goal 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 undertaking
allows HPC experts to communicate consistently across a significant number of
HPC centers within Europe.
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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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