PUBLISHER: Orion Market Research | PRODUCT CODE: 1078105
PUBLISHER: Orion Market Research | PRODUCT CODE: 1078105
Global High-Performance Data Analytics Market Size, Share & Trends Analysis Report, By Deployment Mode (On-Premises, and On-Demand), By End-User (BFSI, Government & Defense, IT & Telecom, Retail & E-Commerce, and Others)Forecast Period (2022-2028)
The global high-performance data analytics market is anticipated to grow at a substantial CAGR of 23.2% during the forecast period. Various secure, effective, and robust mechanisms in the next few years are expected to increase the security level of these high-performance data technologyfrom data breaches. Additionally, the rising demand for high-performance data tools in several applications including business intelligence and operations, healthcare, and so forth, will augment the growth of the high-performance data analytics market in near future. The market growth determinant includesthe growing knowledge of the capability of powerful high-performance data analytics systems to analyze data at increasing resolutions. Other important factors that will generate lucrative market growth opportunities include the growing need for advanced analytical approaches to provide high-performance data analytics solutions, an increase in the number of hospitalizations due to various medical conditions, and the growing volume of data.
The global high-performance data analytics market is segmented based on the deployment model and vertical. Based on the deployment model, the market is bifurcated into on-premise deployment and on-demand deployment of high-performance data analytics. On-premises deployment is expected to hold a significant share in the market. Based on the vertical, the market is segmented into BFSI, government & defense, energy & utility, retail and e-commerce, IT & telecom, and others. The IT & telecom segment holds a prominent share in the market. High-performance data analytics is mostly preferred by IT industries, due to its ability to handle large sets of data, while maintaining the speed and performance of the system.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among all regions, Asia-Pacific is expected to hold a significant share in the global market over the forecast period, owing to the rising number of adoptions in the use of High-Performance Data analytics and the growing awareness among the masses of technological advancement.
The major companies serving the global High-Performance Analytics market include IBM Corp., Microsoft Corp., SAS Institute, Inc., Atos SE, Oracle Corp., Cisco System, Inc., Hewlett-Packard Enterprise Co., SAP SE., and Waters Medical Systems, LLC. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Google Cloud announced the launch of Manufacturing Data Engine and Manufacturing Connect, two new solutions that enable manufacturers to connect historically siloed assets, process and standardize data, and improve visibility from the factory floor to the cloud. Once data is harmonized, the solutions enable three critical AI- and analytics-based use cases-manufacturing analytics & insights, predictive maintenance, and machine-level anomaly detection.
Research Methodology
The market study of the global high-performance dataanalyticsmarket is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers
Category -Analytics