Global Edge Analytics Market, By Component (Solutions and Services), Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Diagnostic Analytics), Business Application (Marketing, Sales, Operations, Finance and Human Resources), Deployment Model (On-Premises and On-Cloud), Vertical (Healthcare and Life Sciences, Banking, Financial Services, and Insurance, Manufacturing, Retail and Consumer Goods, IT and Telecommunication, Transportation and Logistics, Media and Entertainment, Energy and Utility, Government and Defense, Travel and Hospitality and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
The edge analytics market is expected to witness market growth at a rate of 32.05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on edge analytics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand of edge analytics in business-to-business (b2b) as compared to consumer applications is escalating the growth of edge analytics market.
Analysis of data collected from a non-central point in a system which comprises of network switch, sensor or peripheral node is also called edge analytics. Big data analytics processing is approved in a centralized way with the help of central depository large, data centers or hadoop clusters.
major factors that are expected to boost the growth of the edge analytics market in the forecast period are the arrival of IoT and proliferation of massive amount of data through connected devices. Furthermore, the predictive and real-time intelligence on network devices acts as a catalyst to the growth of edge analytics is further anticipated to propel the growth of the edge analytics market. Moreover, the growing implementation of edge analytics upsurges scalability and cost optimization is further estimated to cushion the growth of the edge analytics market. On the other hand, concerns regarding the safety and security is further projected to impede the growth of the edge analytics market in the timeline period.
In addition, the growing need for more edge analytical solutions across industries will further provide potential opportunities for the growth of the edge analytics market in the coming years. However, the rearrangement of organization’s data strategy in order to evade siloes environment might further challenge the growth of the edge analytics market in the near future.
This edge analytics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the edge analytics market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Edge Analytics Market Scope and Market Size
- The edge analytics market is segmented on the basis of components, type, business applications, deployment model and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of components, the edge analytics market has been segmented into solutions and services. Services are sub-segmented into professional and managed services. Professional services is further segmented into system integration and deployment, training, support, and maintenance services and consulting services.
- On the basis of type, the edge analytics market is segmented into descriptive analytics, predictive analytics, prescriptive analytics and diagnostic analytics.
- On the basis of business application, the edge analytics market is segmented into marketing, sales, operations, finance and human resources.
- On the basis of deployment model, the edge analytics market is segmented into on-premises and on-cloud.
- On the basis of vertical, edge analytics market is segmented into healthcare and life sciences, banking, financial services, and insurance, manufacturing, retail and consumer goods, IT and telecommunication, transportation and logistics, media and entertainment, energy and utility, government and defense, travel and hospitality and others.
Edge Analytics Market Country Level Analysis
The edge analytics market is analyzed, and market size, volume information is provided by country, components, type, business applications, deployment model and vertical as referenced above.
The countries covered in the edge analytics market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the edge analytics market due to the rise in the adoption due to the growing markets for IoT and cloud technologies. Furthermore, worldwide vendors are investing in the market for improving the overall edge analytics solution which is being offered to ensure low-cost and on-time analysis of data will further boost the growth of the edge analytics market in the region during the forecast period. North America is projected to observe significant amount of growth in the edge analytics market due to the rise in the adoption of wireless mobile communications technologies, such as 3G and 4G.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Edge Analytics Market Share Analysis
The edge analytics market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the edge analytics market.
The major players covered in the edge analytics market report are Cisco, Oracle, SAP SE, SAS Institute, Apigee Corporation, Predixion Software, AGT International Inc, Foghorn Systems, CGI Group Inc., Analytic Edge, Prism Tech, Bit Stew Systems, Bright Wolf, Camgian Microsystems, CyberLightning, Eurotech, Falkonry, Flowthings.io, Intel, Kepware Technologies among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.