HPC, Data Analysis, Storage & Management Market

Dell Technologies Inc (US) and IBM Corporation (US) are the Major Players in the HPC, Data Analysis, Storage & Management Market

The Data Analysis, Storage & Management Market in Life Sciences is expected to reach USD 41.1 billion by 2024 from USD 18.7 billion in 2019, at a CAGR of 17.1%. Growth in this market is mainly driven by the increasing demand for data storage, analysis and data management solutions, and rising use of cloud solution due to enterprise mobility. However, high costs of implementation of these solutions and bandwith performance issues are major restraints for this market.

The HPC, Data Analysis, Storage & Management Market in Life Sciences is semi consolidated in nature. The major players operating in this market are Dell Technologies Inc (US), Advanced Micro Devices (US), Cray, Inc (US), Cisco Systems (US), IBM Corporation (US), Intel Corporation (US), Lenovo Group Ltd. (China). The key growth strategies followed by most companies in this market are new product launches, collaborations and M&A. Product launches accounted for the largest share of the overall growth strategies mapped from 2014 to 2019.

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Dell Technologies is one of the leading players in the market. Dell witnessed a growth of 28% in revenues for the fiscal year 2018. The merger with EMC has offered immense opportunities in storage, data analysis and cloud computing space. Geographically, the company operates and conducts its business in different regions specifically marking its presence in America, Europe, Middle East and Asia. The company also focuses on emerging markets in the Rest of the World for business expansion opportunities.

IBM is another leading player in the market. IBM is the first company to cross 8,000+ mark of U.S. issued patents. The patents awarded include a wide range of innovative inventions in various growth segments primarily artificial intelligence, cognitive computing, cloud, cybersecurity etc. The company operates across the globe, in more than 175 countries. Its operational zone includes Americas, Europe/Middle East/Africa, and Asia Pacific. About 47% of the revenue is generated from the U.S. and 53% of the revenue is generated from other countries. The company focuses on partenrships/agreements and M&As to strengthen its position in the market.

Cisco is another tier 1 player in the market. The company has strong geographical presence with diversified product and service offerings. It also has a robust M&A strategy which primarily includes purchasing small scale innovative companies and promoting the sale of new products. In order to accelerate new business opportunities, technological advancements, business growth and expansion, the company focusses on strategic alliances and collaborations. Some important alliances done by the company include collaboration with Accenture, Capgemini, Citrix, EMC, Wipro, TCS and Oracle. Further, Cisco has obtained Cloud center platform for data streamlining and analysis through the acquisition of CliQr Technologies in 2016. America, Europe, Middle East and Africa (EMEA) and Asia Pacific, Japan and China (APJC) are key geographical business areas for Cisco. America contributed about 59% of the total revenue generated by the company in 2018. However, the major revenue growth was reported in the APAC region.

Related Reports:

HPC, Data Analysis, Storage & Management Market in Life Sciences By Products & Services (Data Analysis, Cloud Computing), Applications (NGS, Microscopy, Chromatography), End User (Pharmaceutical & Biotechnology, Hospitals) - Global Forecast to 2024

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Report Code
HIT 7058
RI Published ON
4/26/2019
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