Press release
Growth Opportunities in the High Performance Data Analytics Market - Forecast to 2024
The global high performance data analytics market accounted for USD 28.41 billion in 2016 growing at a CAGR of 25.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global High Performance Data Analytics Market
High performance data analytics unites high performance computing with data analytics. With the help of this approach it becomes possible to examine large data sets and drawing conclusion about the information they hold in lesser time. It has its wide application in banking, financial services, and insurance, government and defense, manufacturing, academia and research, healthcare and life sciences, media and entertainment, energy and utility, retail and consumer goods, transportation and logistics, it and telecommunication, and others.Ability of powerful HPC systems to process data at higher resolutions and proliferation of open source frameworks (Hadoop) for big data analytics may act as the major driver in the growth of high performance data analytics market. On the other hand high investment costs may hamper the market.
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Major Market Drivers & Restraints:
Proliferation of open source frameworks (Hadoop) for big data analytics
Ability of powerful HPC systems to process data at higher resolutions
High investment costs
Government rules and regulations
Market Segmentation: Global High Performance Data Analytics Market
The global high performance data analytics market is segmented on the basis of component into hardware, software, and services.The hardware segment is further sub segmented into server, and storage. The services segment is further sub segmented into professional services, and managed services. The professional services segment is further sub segmented into system integration and deployment, training, support, and maintenance services, and consulting services.
On the basis of data type, the global high performance data analytics market is segmented into unstructured, semi-structured, and structured.
On the basis of deployment model, the global high performance data analytics market is segmented into on-premises, and on-demand.
On the basis of vertical, the global high performance data analytics market is segmented into banking, financial services, and insurance, government and defense, manufacturing, academia and research, healthcare and life sciences, media and entertainment, energy and utility, retail and consumer goods, transportation and logistics, it and telecommunication, and others.
On the basis of geography, the global high performance data analytics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global High Performance Data Analytics Market
The report for global high performance data analytics market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
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Major Market Competitors: Global High Performance Data Analytics Market
Some of the major players of the global high performance data analytics market are Cisco Systems, Inc., SAP SE, (collaborative products) Red Hat, Inc. and Dell, Inc. (collaborative products) Teradata and SAS Institute Inc. (Collaborative Products) IBM Corporation, Hewlett Packard Enterprise Development LP, Oracle, Microsoft, Intel Corporation, Cray, Inc., Juniper Networks, Inc., Atos SE, and others.
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