High performance data analytics (HPDA) market is estimated to reach $78.26 billion by 2021, according to a Research and Markets report.
The research found that the proliferation of open source frameworks (Hadoop) for big data analytics and the ability of powerful HPC systems to process data at higher resolutions have fuelled the growth of HPDA.
However, high investment costs and government rules and regulations are acting as the restraining factors for the HPDA market.
The study further found that the software segment is gaining traction in the HPDA market owing to the aggressive deployment of supercomputers with high performance computing and advanced analytics in various verticals.
The ability to ingest data at high rates and provide analytics in the real-time to create competitive advantage is the driver promoting the HPDA technology.
The software market includes programming tools, middleware, performance optimization tools, cluster management tools, and fabric management.
Geographically, APAC is estimated to grow at the highest CAGR during the forecast period.
The developing APAC market is poised to grow, as the developing economies are pushing themselves up the analytics edges to be competitive with the developed economies in the world.
Higher adoption of supercomputers in China and India with enormous government support is boosting the adoption of HPDA market.
China has the fastest supercomputers in the world and would be looking to proliferate further in this burgeoning market.
Major HPDA vendors include Cisco Systems, Cray, HPE, IBM, Intel, Juniper Networks, Microsoft, Oracle, Red Hat, Dell, Teradata and SAS institute.