High Performance Data Analytics (HPDA) Market Overview
The current valuation of the High-Performance Data Analytics (HPDA) market in 2022 is US$ 78.13 billion and it is projected to grow at a modest CAGR of 25% during the forecast period to reach a market value of US$ 727.60 billion by 2032.
Market Valuation (2022)
US$ 78.13 billion
Market Valuation (2032)
US$ 727.60 billion
CAGR
25 %
The high performance data analytics is a data analysis of complex and time-critical based on analytics and simulation. It is provide data analytics services such as streaming analytics, graph modeling and visualization, emerging architecture analysis, and exploratory data analysis either in the cloud or on premise.
The global high performance data analytics market is expected to have significant growth rate, attributed to growing SMEs comfort in cloud-based services. North America and Western Europe has substantial growth in the global high performance data analytics market, owing to growing cloud-based services in the region.
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Critical factors bolstering the growth of the High-Performance Data Analytics (HPDA) market are:
With the advancement in technology, the performance capabilities of advanced high-performance computing systems has improved
The ability of high-performance systems to process high-resolution data
Adoption of open source frameworks in big data analytics.
Enterprises of varying capacities are adapting to gain critical insights through the application of large-scale data analytics
High-performance data analytics provides insights into customer habits and preferences that ultimately become revenue generators for the enterprises
Wide spreads adoption of Artificial Intelligence (AI) and big data analytics across diverse sectors has increased the utility of High-Performance Data Analytics.
Recent Market Trends
ZEFF Inc. launched its AI database that can seamlessly solve image problems in less than a day
As a result of the rise in the use of Python in high-performance computing applications, Intel has recently released the Intel Distribution for Python. This is included in Intel Parallel Studio XE, and it is now adaptable in machine learning and data analytics.
Hewlett Packard Enterprise has partnered with High-Performance Computing Center Stuttgart (HLRS) to build an enhanced supercomputer for industrial applications. The supercomputer is named Hawk. It employs HPEs next-generation high-performance computing (HPC) platform, enabled with the latest AMD EPYC processor.
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High Initial Investment Costs to Hamper Market Growth Prospects
Much like big data analytics and data monetization systems, the adoption of high-Performance Data Analytics involves high investment as well as maintenance costs. To drive consistent demand in the market, it is pertinent for manufacturers to stay up to date. This would require huge investments for research and development purposes.
Government Regulations Become Key Market Deterrent
As a result of increasing cyber security concerns, government regulations surrounding high-performance data analytics are projected to negatively impact market growth during the forecast period. Concerns such as leakage of sensitive consumer data and invasion of consumer privacy are some important obstacles to achieving market growth.
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R&D in North America Makes it a Global Market Leader During the Forecast Period
It is projected that North America shall continue to hold the largest global share due to mammoth investments being channelled into research and development activities in the segment. The region also boasts the presence of some of the biggest developers of the technology.
Asia - Pacific Market Turning Lucrative Due to Government Initiatives
Recently, there has been significant growth in the IT infrastructure in the Asia-Pacific Region. This is further driven by the large-scale adoption of data analytics technologies in both private and public enterprises.
The governments of this region are putting in sustained efforts to promote the digitization of public records across different sectors. As a result, wide-scale application of High- Performance Data Analytics is expected in the region, thus registering a strong CAGR during the forecast period.
Global High Performance Data Analytics Market Dynamics
The growth of the global high performance data analytics market is driven by increasing the comfort level of companies with cloud-based services and digitalization. Macroeconomic factors such as growing economy, the rapid rate of urbanization, and employment rate as well as the rapid rate of industrialization driving the global high performance data analytics market.
Factor trending the global high performance data analytics market include the adoption of the high performance data analytics by small and medium enterprises (SMEs). The company operates in the high performance data analytics market have significantly high opportunity in regions such as Asia-Pacific, Middle East & Africa, and Latin America attributed to the significantly growing industrial economy.
The high performance data analytics market also has a significant opportunity in the North America and Western Europe region, attributed to growing cloud-based application industry in the region.
Global High Performance Data Analytics Market Segmentation
The global high performance data analytics market is segmented on the basis of end-use, deployment type, technology, component, organization size, and region. On the basis of deployment mode, the global high performance data analytics market is segmented as on-premise and in-cloud, wherein in-cloud segment have significant revenue share and is expected to have substantial growth rate.
Global High Performance Data Analytics Market Regional Outlook
Based on the geographies, the global high performance data analytics market is fragmented into seven regions -- North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East & Africa. Among the regions, North America accounts for a relatively high share of the global high performance data analytics market in terms of value, attributed to the early adoption of software-defined perimeter and rapid rate of technological advancements in the region.
The Asia-Pacific except Japan region also accounts for the significant share in the global high performance data analytics market with substantial growth rate, owing to the high presence of a large number of small and medium enterprises in the region particularly in countries such as India and China operating in cloud-based applications.
Eastern Europe and Japan also accounts for significant value share in the global high performance data analytics market, attributed to high demand for high performance data analytics by large organizations. The developing economy such as Middle East Africa and Latin America have a substantial growth in the global high performance data analytics market. Overall, the outlook for the global high performance data analytics market will have a positive growth over the forecast period.
Global High Performance Data Analytics Market Player
Few players in the global high performance data analytics market include Cisco Systems, Inc., Inspur Worldwide Services Ltd., ALLINEA SOFTWARE LIMITED, Clustercorp, ACCELEWARE LTD., Intel Corporation, Atos S.A., NALLATECH LTD, DataDirect Networks, Inc., ARM, Autodesk, Inc., Mitrionics AB, Bull S.A., Lockheed Martin Corporation, Mellanox Technologies, Ltd., Deutsche Telekom AG, NVIDIA Corporation, Cray Inc., D-Wave Systems Inc., Eurotech S.p.A., EMC Corporation, Emcien, Inc., LexisNexis Group, NEC Corporation, and NetApp, Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
The report covers exhaustive analysis on
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.High Performance Data Analytics Hpda Market
Based on end-use, the global high performance data analytics market is segmented into
Government and Defense
BFSI
Healthcare and Life Sciences
Manufacturing
Academia and Research
Energy and Utility
Media and Entertainment
Retail and Consumer Goods
IT and Telecommunication
Transportation and Logistics
Others
Based on deployment type, the global high performance data analytics market is segmented into:
On-Premises
In-Cloud
Based on the technology, the global high performance data analytics market is segmented into:
Structured
Unstructured
Based on Component, the global high performance data analytics market is segmented into:
Hardware
Software
Based on organization size, the global high performance data analytics market is segmented into:
Small and Medium Enterprise (SME)
Large Enterprise
Frequently Asked Questions
What is the Growth Outlook for the Market?
The market is likely to register a CAGR of 25% through 2032.
What is the Current Valuation of the Market?
The market is currently valued at US$ 78.13 Bn in 2022.
How is the Future of the Market?
The market is likely to grow to a valuation of US$ 727.60Mn by 2032
Which is the Leading Region in the Market?
North America is likely to be a leading market during the forecast period.
