High Performance Computing and High Performance Data Analytics Market — The Opportunities and Areas

By Rashmi Patil    15 / Mar / 2019    In Category Technology

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. 

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. 

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