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High Performance Data Analytics (HPDA) Market Trends

ID: MRFR//1296-HCR | 110 Pages | Author: Aarti Dhapte| July 2024

High-Performance Data Analytics (HPDA) Market Overview

The High-Performance Data Analytics (HPDA) Market is projected to grow from USD 44.58 billion in 2024 to USD 176.53 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 18.77% during the forecast period (2024 - 2032). Additionally, the market size for high-performance data analytics (HPDA) was valued at USD 36.63 billion in 2023.

The demand for HPDA solutions to process and analyze large datasets has grown exponentially due to the proliferation of data from various sources, which are the key market drivers enhancing market growth.

Figure 1: High-Performance Data Analytics (HPDA) Market Size, 2023-2032 (USD Billion)

High-Performance Data Analytics (HPDA) Market Overview 2024

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

High-Performance Data Analytics (HPDA) Market Trends

The proliferation of data from various sources is driving the market growth

Market CAGR for the demand for HPDA solutions to process and analyze large datasets has grown exponentially due to the proliferation of data from various sources. HPDA technologies were being integrated with artificial intelligence (AI) and machine learning (ML) algorithms to enable advanced analytics and predictive capabilities. The emergence of Internet of Things (IoT) devices created a growing demand for real-time data analysis at the edge, which prompted the fusion of HPDA and edge computing technologies. To take advantage of scalability, cost-effectiveness, and simple access to computing resources, many businesses were converting to cloud-based HPDA solutions. As data is kept in RAM rather than accessed from slower disk storage, in-memory computing technologies are becoming more and more popular because they offer faster data processing and analytics.

To make quicker and more informed decisions, real-time data processing and analytics solutions are becoming increasingly in demand across various industries. Data security and privacy issues grew in importance as more data was processed. To address these issues, HPDA vendors concentrated on improving security features. Numerous industries, such as finance, healthcare, retail, manufacturing, and others, used HPDA solutions. Thus, driving the high-performance data analytics (HPDA) market revenue.

High-Performance Data Analytics (HPDA) Market Segment Insights

High-Performance Data Analytics (HPDA) Component Insights

Based on components, the high-performance data analytics (HPDA) market segmentation includes hardware and software. The hardware segment dominated the market; HPDA hardware-based solutions are made to process large amounts of data quickly and effectively. Faster data processing and analysis are achieved using powerful processors, high-speed memory, and optimized architectures. Hardware solutions are easily scaleable to meet rising data volumes and computing demands. Businesses can manage to expand datasets thanks to this scalability without sacrificing performance. Real-time analytics is made possible by the processing power of hardware-based HPDA systems, enabling businesses to glean insights from data as it is being collected. This capability is essential in applications that require quick responses, such as financial trading, fraud detection, and IoT-based monitoring.

High-Performance Data Analytics (HPDA) Application Insights

Based on application, the high-performance data analytics (HPDA) market segmentation includes manufacturing, financial, healthcare, energy, telecommunication, and financial. Manufacturing segment generated the most income. With the help of HPDA, manufacturing equipment's sensor data can be analyzed to forecast maintenance requirements and identify potential problems before they occur. This makes it possible for manufacturers to plan maintenance in advance, minimizing unscheduled downtime and boosting overall equipment effectiveness.

With the help of HPDA, inefficiencies and bottlenecks can be found in the vast amounts of data generated during the manufacturing process. Then, manufacturers can improve productivity, cut waste, and optimize production processes. HPDA can analyze data from production lines in real time to find flaws and variations in product quality. In doing so, manufacturers are better able to spot problems early, fix them, and maintain high standards for their products. HPDA can optimize inventory management, shorten lead times, and improve supply chain efficiency by analyzing data from the supply chain, such as inventory levels, demand patterns, and supplier performance. HPDA can track energy use across all manufacturing facilities and spot the potential for energy savings. Due to cost savings and environmental advantages, this enables manufacturers to adopt energy-efficient practices. With HPDA, producers can keep an eye on their operations in real-time and respond quickly to any deviations or potential problems.

High-Performance Data Analytics (HPDA) Technology Insights

Based on Technology, the high-performance data analytics (HPDA) market segmentation includes structured and unstructured. Unstructured category generated the most income. Compared to unstructured data, structured HPDA enables faster data processing and analysis using pre-defined data models and schemas. For handling large datasets and conducting real-time analytics, this efficiency is essential. The data processing workflow is clearly defined and optimized with structured data, producing predictable performance characteristics. Predictability is crucial for mission-critical applications where reliable and consistent results are needed. Storing, accessing, and managing structured data is simpler because it is arranged into tables, rows, and columns. This structured structure simplifies data integration and querying, improving overall data governance. Structured data is compatible with conventional relational database systems, enabling seamless integration with current IT infrastructure and data management tools.

Figure 2: High-Performance Data Analytics (HPDA) Market, by Technology, 2022 & 2032 (USD Billion)

High-Performance Data Analytics (HPDA) Market, by Technology, 2022 & 2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

High-Performance Data Analytics (HPDA) Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American high-performance data analytics (HPDA) market area will dominate this market; workflows for data preparation, training, and deployment for data analytics were previously slow and time-consuming because they heavily relied on CPU computing. In the region, two advanced economies—the USA and Canada—have adopted accelerated data science to enhance the efficiency of end-to-end analytics workflows; accelerating value creation while reducing costs across a range of industries will boost the market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's high-performance data analytics (HPDA) market accounts for the second-largest market share. Regional providers of data analytics software are expanding their product offerings by integrating cutting-edge features like HPC and AI into their offerings. For instance, businesses could switch from tactical AI implementations to scalable, corporate-wide solutions in December 2022 when SambaNova releases its next-generation Data Scale system, and organizations may achieve ROI with Data Scale more quickly. Further, the German high-performance data analytics (HPDA) market held the largest market share, and the UK high-performance data analytics (HPDA) market was the fastest-growing market in the European region.

The Asia-Pacific High-Performance Data Analytics (HPDA) Market is expected to grow fastest from 2023 to 2032. Businesses may produce products more quickly, offer better customer service, and promote enterprise-wide innovation by utilizing the potential of high-performance data analytics. Many businesses in the area are creating HPDA software that will be applied across industries to improve their data analytics capabilities. Moreover, China’s high-performance data analytics (HPDA) market held the largest market share, and the Indian high-performance data analytics (HPDA) market was the fastest-growing market in the Asia-Pacific region.

High-Performance Data Analytics (HPDA) Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the high-performance data analytics (HPDA) market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the high-performance data analytics (HPDA) industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the high-performance data analytics (HPDA) industry to benefit clients and increase the market sector. In recent years, the high-performance data analytics (HPDA) industry has offered some of the most significant advantages to medicine. Major players in the high-performance data analytics (HPDA) market, including Jestec (LTU technologies) - Japan Honeywell - USA Toshiba - Japan Staff Technologies - Poland Sharp vision software - USA Qualcomm Technologies - the USA Panasonic - Japan NEC - Japan Hitachi (Japan), and others, are attempting to increase market demand by investing in research and development operations.

Jester (LTU technologies), Engineering Science and Technology, an International Journal (JESTECH) (formerly Technology), is a peer-reviewed quarterly engineering journal that publishes theoretical and experimental high-quality papers of lasting interest that have not yet been published in journals in the fields of engineering and applied science with the goal of advancing both the theory and practice of Technology and engineering. The Editorial Board welcomes original research reports, state-of-the-art reviews, and communications in the broadly defined field of engineering science and Technology in addition to peer-reviewed original research papers.

Panasonic - Japan NEC, The Panasonic brand was established in 1918, and as a group, we are dedicated to enhancing the well-being of individuals and society. We conduct business using the guiding principles of the brand, applying them to create new value and provide long-term solutions for the modern world. A multifaceted technology company, Panasonic Life Solutions India has worked for more than a century to create a more sustainable future for the planet and offers solutions to improve people's lives at home and at work. It is a leader in the creation of household appliances, business equipment, automobiles, lifestyle products, and connected solutions. We have a long-term commitment to India's development, and its investments are in line with advancing national priorities. The slogan "Enrich Tomorrow" reaffirms the commitment to offering solutions to improve people's lives at home and at work, allowing society to advance and make strides toward a greener planet for the future.

Key Companies in the high-performance data analytics (HPDA) market include

High Performance Data Analytics (HPDA) Industry Developments

October 2023: The latest offering in the IBM Storage for Data and AI portfolio, the IBM Storage Scale System 6000 is a cloud-scale global data platform designed to meet the data intensive and AI workload demands of the present day. Recognized for its vision and implementation, IBM is a Leader in the Gartner Magic Quadrant for Distributed File Systems and Object Storage for the seventh consecutive year and counting in 2022.1 Designed for data-intensive use cases, the new IBM Storage Scale System 6000 aims to further solidify IBM's leadership position with an enhanced high-performance parallel file system. It offers 256GB/s throughput and up to 7M IOPs per system for read-only workloads in a 4U (four rack unit) footprint.

In order to capitalize on the economic benefits offered by both foundation and traditional AI models, organizations must direct their attention towards the data itself. This includes optimizing future investments in data storage, addressing concerns such as capacity and growth projections, data location, security, and access. The IBM Storage Scale System 6000 enables customers to do precisely that by integrating data from the core, edge, and cloud into a single platform with GPU workload optimization.

February 2024: Lenovo™ and Anaconda® Inc., the foremost provider of the most popular artificial intelligence (AI), machine learning (ML), and data science platforms in the world, reached an agreement in February 2024 to equip Lenovo's high performance data science workstations. The collaboration will merge the reputable and dominant ThinkStation™ and ThinkPad™ workstation product lines of Lenovo with the enterprise-level capabilities of Anaconda, which include leadership in open-source solutions, security, and dependability. The realm of artificial intelligence, encompassing deep learning and generative AI, is presenting data scientists and businesses with novel prospects.

Open-source software and cloud-based solutions are largely responsible for the current AI innovation, with Python being the most popular programming language for AI applications. Many organizations, nevertheless, are reassessing their investment strategies in AI development due to the data security risks, privacy concerns, and frequently prohibitive costs of cloud-based AI solutions that are linked to the enterprise-level use of open-source software. 

March 2022: An organization called Panasas, which offers high-performance storage, announced that its PanFS software lineup will now include more data insight and mobility tools. Organizations using high-performance computing (HPC), high-performance data analytics (HPDA), and artificial intelligence and machine learning (AI/ML) workloads at scale should benefit from the improved visibility and portability of data assets provided by the preview and PanMove software solutions. They provide Panasas storage with data management and analytics tools.

January 2022: To make it simpler and faster for users to handle and analyze data on a petabyte scale, AWS added five new features to its database and analytics portfolios. Customers would find it simpler to run high-performance database and analytics workloads at scale thanks to these new features for Amazon Document DB, Amazon OpenSearch Service, and Amazon Athena.

High Performance Data Analytics (HPDA) Market Segmentation

High Performance Data Analytics (HPDA) Component Outlook

  • Hardware

  • Software

High-Performance Data Analytics (HPDA) Application Outlook

  • Manufacturing

  • Financial

  • Healthcare

  • Energy

  • Telecommunication

  • Financial

High-Performance Data Analytics (HPDA) Technology Outlook

  • Structured

  • Unstructured

High Performance Data Analytics (HPDA) Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

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