High Performance Computing (HPC) and High Performance Data Analytics (HPDA) Market – Snapshot

High Performance Computing (HPC) system installations have been witnessing gradual shift to High Performance Data Analytics (HPDA) systems, with the latter being in demand due to growing implementation of data and compute intensive applications. Though conventional HPC systems still support data analytics through application specific enhancements, growing demand for HPDA systems for new installations are observed worldwide. Growth in Internet of Things (IoT), enterprise automation, connected vehicles, and embedded AI are some of the technological advancements which have driven this demand shift.

Get Sample Copy:

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=61683

As enterprises and organizations worldwide gradually embrace data analytics and look for monetization of their data assets, demand for High Performance Computing (HPC) systems and High Performance Data Analytics (HPDA) systems is forecast to observe steady growth over the period 2018-2026. Recording a CAGR of close to 25%, the global market for High Performance Computing (HPC) systems and High Performance Data Analytics (HPDA) systems is estimated to reach a value of approximately US$ 58 Bn by 2026. A large share of this growth is accounted for by hardware (servers and storage), with software applications and the cloud segment analyzed to emerge as leading solutions with respect to compound annual growth rate. Industries such as biosciences (healthcare), government, and defense are expected to retain their dominant market position over the forecast period, in terms of market revenue size. Simulation and engineering design and fraud analytics applications across industries such as geoscience and BFSI are projected to drive how the market evolves in the long run.

For the market to see sustainable growth and retain the growth curve, it is expected to tap into demand from enterprise customers, exploring opportunities in enterprise IT infrastructure solutions and services. With price of HPC and HPDA systems constricting potential market opportunities across mid to small size enterprises, this offers a huge untapped market to be served. Another potential challenge restraining market growth is limited or low availability of in-house skilled workforce for these enterprises to manage the costly and complex IT infrastructure. These restraints have however given way for cloud HPC solutions and services to gain growth in the market, with managed/outsourced services seen as a lucrative opportunity.

Grab an exclusive PDF Brochure of this report:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=61683

The entire HPC and HPDA system infrastructure has been broadly segmented into servers, storage, software (application and platform), network, services, and cloud. By application, the following segments have been analyzed in the report – banking, financial services, and insurance (BFSI), energy & utilities, healthcare, IT & telecom, professional services, manufacturing, automotive, retail & consumer goods, transport & logistics, government, defense, media & entertainment, education, geoscience, and weather.

Key players in the market profiled in the report to understand competitive dynamics, core business strategies, and product development trends include Microsoft Corporation, Lenovo Group Ltd., SAS Institute, Intel Corporation, IBM Corporation, Teradata Corporation, Cisco Systems, Hewlett Packard Enterprise, Oracle Corporation, Red Hat Inc., Dell Inc., Cray Inc., Juniper Networks, Huawei Technologies Co., Ltd., and ATOS SE. Most of these players are exploring opportunities through product development or by enhancing their services mix to retain their stronghold in the market, with traditional players at an advantage when it comes to established customer base.

Regionally, North America held the largest share in 2017 and is expected to retain its dominant market position. A large number of leading players in the global market have strong presence in the region. However, Asia Pacific which has seen quick rise in number of start-ups (especially in IT enabled services) and growing focus on digitalization by governments have resulted in the region emerging as the fastest growing geographical market. Favorable regulatory environment and expanding network on high speed network services have further supported this growth trend. Further, South America and the Middle East still have large demand contributed by government, BFSI, education, and defense sectors.

Read Our Latest Press Release:

https://www.prnewswire.co.uk/news-releases/growing-urbanization-and-towering-traffic-related-issues-are-fueling-prodigious-demand-avenues-in-cargo-bike-market-tmr-816832652.html   

https://www.prnewswire.com/news-releases/increased-investments-in-infrastructure-development-activities-drive-demand-opportunities-for-players-in-tunnel-lighting-market-tmr-301205077.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here