Market Highlights
Increasing adoption of automation and IoT is poised to push the demand for connected devices. This, in turn, is expected to add to the amount of data generated by organizations regularly. With the increase in data volumes, the demand for advanced analytical tools is also expected to increase. This is projected to support the High Performance Data Analytics market trends in the upcoming years. In addition, vendors of the technology are also poised to introduce new products and solutions. It is supposed to catalyze growth rate of the High Performance Data Analytics (HPDA) market in the nearby future.
The High Performance Data Analytics (HPDA) market 2020 is anticipated to gain mileage. Rising shift towards digitization is poised to drive the growth of the market in the foreseeable future. In the assessment offered by Market Research Future (MRFR), it has been revealed that the global High Performance Data Analytics (HPDA) market is presumed to mark 18% CAGR during the review period 2016 to 2022. Also, the estimated High Performance Data Analytics (HPDA) market size is projected to reach USD 82 Bn by the end of the prognosis period.
The employment of High Performance Data Analytics (HPDA) systems ensure readability of the unstructured data. It helps in making prompt decisions with ultimate efficiency. Thus, it is likely to gain popularity across industries and catapult the High Performance Data Analytics (HPDA) market on upward trajectory. Increasing deployment across industry domains such as healthcare, manufacturing, telecommunications, etc. is also prognosticated to drive the expansion of the High Performance Data Analytics (HPDA) market. Also, rising awareness about the availability of advanced tools is poised to provide impetus to growth of High Performance Data Analytics (HPDA) market. The future trajectory of the market seems promising and lucrative and is expected to attract investments.
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Competitive Dashboard
Cisco system, Inc. (U.S.), IBM Corporation (U.S.), Red hat, Inc. (U.S.), Hewlett-Packard Enterprise (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.), Cray Inc. (U.S.), Juniper Networks (U.S.), Intel Corporation (U.S.), and ATOS SE (France) are the key holders of the High Performance Data Analytics market share. These players are investing in technological innovations to stay ahead of the curve. In addition, the market players are also focusing on product developments and launches to gain edge over their competitors.
Regional Analysis
The geographical evaluation of the global High Performance Data Analytics (HPDA) market covers regions such as North America, Asia-Pacific, Europe, and the Rest of the World (RoW). A country-level assessment of these regions is also included in the report for providing a deeper insight. North America is dominating the High Performance Data Analytics (HPDA) market and is supposed to maintain its hold over the first spot. This is highly accredited to the rising use of cloud computing. Also, the early adoption of digitization is expected to provide a boost to the augmentation of the High Performance Data Analytics (HPDA) market. Europe has been assessed to continue its position at the second spot in the marketplace. Rising popularity of cloud services in the region is expected to accelerate revenue generation in the High Performance Data Analytics (HPDA) market. Asia Pacific is also prognosticated to earn considerable amount of revenue in the coming years.
Segmentation:
On the basis of component, the High Performance Data Analytics (HPDA) market has been segmented into software and hardware.
On the basis of technologies, the High Performance Data Analytics (HPDA) market has been segmented into semi-structured, structured, and unstructured.
On the basis of application, the High Performance Data Analytics (HPDA) market has been segmented into manufacturing, telecommunications, financial, retailers, healthcare, energy and others.
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Global High Performance Data Analytics (HPDA) Market, by Component (Hardware, Software), by Application (Manufacturing, Financial, Healthcare, Energy, Telecommunication, Financial), by Technology (Structured, Unstructured) - Forecast 2022
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