High Performance Computing and High Performance Data Analytics Market has Lucrat

Posted by RASHMI on March 12th, 2019

According to a new market report titled “High Performance Computing (HPC) & High Performance Data Analytics (HPDA) Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” published by Transparency Market Research the global market for high performance data analytics is expected to reach US$ 58 Bn by 2026, recording an opportunity of over US$ 50 Bn during the forecast period, at a CAGR close to 25%.

According to the report, the global market is expected to continue to be influenced by growing demand for data analytics, with enterprise customers exploring ways to take advantage of untapped potential of their huge data repositories. Adoption of data intensive applications especially in AI and deep learning technologies is seen as an emerging trend with strong influence on how the market evolves over the forecast period 2018-2026. 

Of all components making up the high performance data analytics systems demand, server and storage still hold larger share, at close to 50%. However, continually rising applications involving data analytics while considering high cost of such systems would see software and cloud emerge as the quickest growing component market, with their growth trend influencing the entire market outlook.

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Not only do conventional industries and applications drive the demand for HPC and HPDA systems, emerging applications in marketing, business intelligence, and fraud analytics are likely to see strong demand pick up for HPDA systems. Among conventional industries, defense and government account for largest share closely followed by the healthcare (biosciences) segment. Industrial design engineering and the financial sector are likely to continue to exhibit no shift in the growth trend.