According to the new market research report “Top 10 Analytics Technologies by Technology (Analytics-As-A-Service, Streaming Analytics, Edge Analytics, Data Lakes, Social Media Analytics, Predictive Analytics, Security Analytics, High-Performance Data Analytics, Content Analytics, and Video Analytics)”, the analytics market is expected to grow at a significant rate between 2015/2016 and 2020/2021.
The growth of this market is propelled by the advent of Internet of Things (IoT) and proliferation of massive amount of data through connected devices, increasing the focus on competitive insights, need for increased business agility and scalability, and growing volume and variety of business data across industry verticals. Browse 55 market data tables and 59 figures spread through 183 pages and in-depth TOC on “Top 10 Analytics Technologies by Technology (Analytics-As-A-Service, Streaming Analytics, Edge Analytics, Data Lakes, Social Media Analytics, Predictive Analytics, Security Analytics, High-Performance Data Analytics, Content Analytics, and Video Analytics)”
Early buyers will receive 10% customization on reports.
High-performance data analytics expected to be the top analytics technology and likely to hold the largest share of the market during the forecast period The high-performance data analytics market is expected to have the largest market size of USD 25.71 Billion in 2016 and to grow at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period. High-Performance Computing (HPC) and big data analytics together can be applied to extract actionable insights out of large amounts of data with higher resolutions and at faster speed. This has provided better benefits to various enterprises to access data in real time. Enterprises are embracing High-Performance Data Analytics (HPDA) technologies, as they provide advanced ways to analyze data at an optimized cost. The market for high-performance data analytics is growing owing to the proliferation of open-source frameworks for big data analytics and the ability of powerful HPC systems to process data at higher resolutions. Among verticals, Banking, Financial Services, and Insurance (BFSI) is expected to hold the largest market share in 2016 and the healthcare and life science industry is expected to have a significant growth rate during the forecast period. This is due to the fact that the healthcare and life sciences vertical is undergoing rampant transformation and advanced research, which is churning out massive amounts of data.