HPC, Data Analytics, Storage and Management Market is growing at a CAGR of 19.43% during the forecast period from 2023 to 2032
Pune, September 09, 2022 (GLOBE NEWSWIRE) – The global HPC market, data analytics, storage and management has reached US$24.98 billion in 2022 and is expected to register a compound annual growth rate of 19.43% over the forecast period from 2023 to 2032, according to a recent market study. global by Quince Market Insights.
With HPC, users can process massive amounts of data faster than a typical computer, leading to faster insights and helping organizations stay ahead of the competition. The power of HPC solutions may outpace even the most powerful laptops. This capability allows the use of up to terabytes (TB) of data and millions of other large analytical scenarios and calculations.
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As a result of technologies such as the Internet of Things (IoT), artificial intelligence (AI), and 3D imaging, the number and volume of data that organizations must work with is rapidly increasing. For a variety of functions, such as broadcasting a live sports event, tracking the evolution of a storm, testing new products, and analyzing market trends, the ability to analyze real-time data is critical.
Increase the installation of platforms that can safely analyze a massive database of private health data to accelerate the search for treatments, vaccines, and disease mutations.
Impact of COVID 19 on HPC, Data Analysis, Storage and Management Market
Academics at the University of British Columbia are working on a variety of projects related to COVID-19, many of which require access to high performance computing.
AMD systems have long been used by the Center for Genomic and Biocomputational Research at Oregon State University. The use of the Monarch Knowledge Graphing Initiative and Oregon’s TRACE program, which monitors SARS-CoV-2 changes, is made possible through the servers of the COVID-19 HPC fund.
HPC, Data Analysis, Storage and Management Market, by Product and Services
Based on product and services, the HPC, data analysis, storage and management market is segmented into data analysis software, workbenches, data analysis services, storage and management, and cloud computing solutions.
The software and workbench are expected to grow during the forecast period.
HPC, Data Analysis, Storage and Management Market, by Application
On the basis of application, the HPC data analysis, storage and management market is segmented into next generation sequencing, microscopy, chromatography, flow cytometry, spectroscopy, and others.
The Next Generation Sequencing segment is expected to drive the market growth at a significant CAGR during the forecast period.
HPC, data analysis, storage and management market, by end user
Based on the end user, the HPC, data analysis, storage and management market is segmented into pharmaceutical and biotechnology companies, research centers, academic and government institutions, hospitals and clinics, among others.
Hospitals and clinics are expected to grow in the forecast period.
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HPC, Data Analysis, Storage and Management Market, by Region
Based on region, the HPC Data Analytics, Storage and Management market is segmented into Asia Pacific, Middle East and Africa, North America, Europe, and South America.
The HPC, data analysis, storage, and administration sectors were dominated by the United States in 2018. Due to the emergence of many pharmaceutical and biotechnology companies that focus on drug research and produce massive amounts of data
Recent Developments in HPC, Data Analysis, Storage and Management Market
In 2018, AMD launched the AMD Radeon Instinct MI60 and MI50 accelerators, the world’s first 7nm datacenter GPU for next-generation deep learning, HPC, cloud computing, and application delivery to boost computing performance. This will help researchers and scientists to efficiently tackle HPC applications in various industries such as life sciences, academics, etc. This has helped AMD expand its product portfolio in the AI, cloud computing, and HPC segments.
In 2017, Microsoft (US) and Advanced Micro Devices, Inc. (AMD) together to integrate Project Olympus, Microsoft’s latest ultra-high-end cloud hardware design, with the cloud capabilities of AMD’s next-generation “Naples” processor. The new solution will provide additional memory, faster I/O channels, and increase scalability, performance and efficiency due to this collaboration. This business will help expand the server and data center markets.
In 2017, Cisco Systems, Inc. About its acquisition of Viptela, a US provider of cloud, software and network solutions. Cisco Systems will combine technologies offered by Viptela, such as cloud management, routing platforms and solutions, to provide secure and intelligent platforms for digital transformation. This will expand Cisco’s SD-WAN portfolio by improving the resilience and performance delivered through the cloud.
In 2017, Cisco Systems, Inc. On Viptela, a US-based supplier of cloud, software, and networking solutions, such as cloud management, routing systems, and solutions, Cisco Systems will integrate them with secure and intelligent platforms for digital transformation. This will increase the flexibility and performance offered through the cloud, and expand Cisco’s SD-WAN portfolio.
Some key points of the world HPC, data analysis, storage and management Market Report:
Comprehensive segmentation of the global HPC market, data analysis, storage and management, as well as analysis of trend-based insights and factors.
Notable players in the global HPC market, data analysis, storage and management include Advanced Micro Devices, Inc. and Cray, Inc. and Cisco Systems, Inc. and IBM Corporation, Intel Corporation, Lenovo Group Limited (China), and Hewlett Packard Enterprise Corporation (USA).
Market impacts of COVID-19 for HPC, data analysis, storage and management globally
Find out more ideas on this topic from this reportAnd the “HPC, data analysis, storage and management marketBy product and services (data analysis software and workbenches, data analysis services, storage, management, and cloud computing solutions), by application (next generation sequencing, microscopy, chromatography, flow cytometry, spectroscopy, etc.), by end user (Pharmaceutical and biotech companies, research centers, academic and government institutions, hospitals, clinics, etc.) by region (eg Asia Pacific, Middle East, Africa, North America, Europe, South America)”.
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