According to a new market research report "HighPerformance Data Analytics (HPDA) Marketby Component (Hardware, Software, and Services), Data Type (Unstructured,Semi-Structured and Structured), Deployment Model (On-Premises and On-Demand),Vertical, and Region - Global forecast to 2021", The datadiscovers that the High Performance Data Analytics (HDPA) market is estimatedto grow from USD 25.71 Billion in 2016to USD 78.26 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.9%.

The proliferation of open source frameworks for big dataanalytics and the ability of powerful High Performance Computing (HPC) systemsto process data at higher resolutions are the key driving forces of HPDAmarket.

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Storage by component to grow at the highest Compound Annual GrowthRate (CAGR) during the forecast period

The HPDA market is segmented by component which is further categorized intohardware, software, and services. Hardware segment is sub segmented intostorage and servers, where storage is poised to grow at the highest CAGR overthe forecasted period. HPDA applications are used for computational analysis,information escalated research, rich media, 3D-modelling, seismic handling,data mining, and large scale simulation.

On-cloud market to grow at the highest CAGR during the forecastperiod

The market, by deployment model has been segmented into on-premises andon-cloud model. On-cloud deployment model is expected to witness the highestCAGR during the period 2016 to 2021. On-cloud deployment model will gaintraction in the coming years owing to the cost effectiveness, agility, andaffordability it offers to the end customer.

North America is expected to dominate the HPDA market during theforecast period

The HPDA market segments the global market on the basis of regions, whichinclude North America, Asia-Pacific (APAC), Europe, the Middle East &Africa (MEA), and Latin America. North America is expected to hold the largestshare of the HPDA market in 2016 due to the presence of large enterprises,technical experts, and growing demands for HPDA solutions in this region. Themarket in APAC is expected to grow at the highest CAGR between 2016 and 2021.The ability to provide real-time intelligence with advanced predictiveanalytics on different applications has boosted the HPDA market.

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