Image

Global Edge Analytics Market – Industry Trends and Forecast to 2030

ICT

Image

Global Edge Analytics Market – Industry Trends and Forecast to 2030

  • ICT
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Edge Analytics Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1,980.11 Million
Diagram Market Size (Forecast Year) USD 3,257.77 Million
Diagram CAGR %

Major Markets Players

  • Cisco
  • Oracle
  • SAP SE
  • SAS Institute
  • Apigee Corporation

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) – Industry Trends and Forecast to 2030.

Edge Analytics Market

Edge Analytics Market Analysis and Size

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. 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.

Data Bridge Market Research analyses that the edge analytics market which was USD 7,652.35 million in 2022, would rocket up to USD 47,290.43 million by 2030, and is expected to undergo a CAGR of 24.9% during the forecast period. This indicates that the market value. “Solutions” dominates the component segment of the edge analytics market owing to the high demand of this type in the market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Edge Analytics Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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 Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Cisco (Germany), Oracle (U.K.), SAP SE (Netherlands), SAS Institute (U.S.), Apigee Corporation (Spain), Predixion Software (U.S.), AGT International Inc (U.S.), Foghorn Systems (U.K.), CGI Group Inc. (U.S.), Analytic Edge (U.K.), Prism Tech (France), Bit Stew Systems (Netherlands), Bright Wolf (U.S.), Camgian Microsystems (U.S.), EUROTECH (Japan), Kepware Technologies (U.S.), Flowthings.io (U.S.) among others

Market Opportunities

  • Increase in demand for ICT industry
  • Rising government initiatives
  • The rise in the demand of edge analytics in business-to-business (b2b)

Market Definition

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.

Edge Analytics Market Dynamics

Drivers

  • Significant Growth in Low Latency Requirement

With the rise of real-time applications such as autonomous vehicles and industrial automation, there is growing need for low latency data analysis. Edge analytics enables the processing of data closer to the source, reducing the time it takes to make decisions.

  • The Growing Technological Advancements

The development of technologically advanced automation solutions and the integration of the Industrial Internet of Things (IIoT) and cloud-computing, are acting as other growth-inducing factors. These solutions offer improved support and monitoring of remote sites, cloud-based tracking, smart event processing and administration of unmanned operations.

Opportunities

  • The Increase in the Data Privacy and Security

Edge analytics helps organizations keep sensitive data on-premises, reducing the risk of data breaches and ensuring compliance with data privacy regulations. This is especially critical in industries such as healthcare and finance.

  • The Rising Automation Industry

The increasing adoption of the automation industry and various technological advancements associated with it has significantly contributed towards the growth of the global edge analytics market. Advances in automation, robotics, and RFID technology enable improving accuracy and reducing operational costs.

Restraints/Challenges

  • Rising Competition

The edge analytics market is highly competitive, with numerous companies offering a wide range of products. This can make it challenging for new entrants or smaller companies to gain market share and establish a strong presence.

  • High Cost Associated with Implementation

The cost of edge analytics is very high in the market. Automotive systems and payers face cost pressures, and there is a growing demand for cost-effective solutions. Manufacturers need to balance the development of innovative implants with affordability to meet market demands.

This edge analytics market  report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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.

Recent Development

  • In November 2022, IBM and Cisco made partnership in the edge analytics owing to bring some smarts from IBM's Watson platform to Cisco edge devices. IBM and Cisco Systems have worked out how to run components of IBM’s Watson IoT analytics on Cisco edge devices. This will bring more intelligence closer to where the action is, helping enterprises run things like factories and oil rigs more efficiently

Global Edge Analytics Market Scope

The edge analytics market is segmented on the basis of components, type, business applications, deployment model and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Components

  • Solution
  • Services
  • Professional Services
  • System Integration and Deployment
  • Training
  • Support, and Maintenance Services
  • Consulting Services
  • Managed Services

Type

  • Descriptive Analytics
  • Predictive Analytics
  • Prescriptive Analytics
  • Diagnostic Analytics

Business Applications

  • Marketing
  • Sales
  • Operations
  • Finance
  • Human Resources

Deployment Model

  • Premises
  • 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
  • Others

Edge Analytics Market Regional Analysis/Insights

The edge analytics market is analysed and market size insights and trends are provided by components, type, business applications, deployment model and vertical as referenced above.

The countries covered in the edge analytics market  report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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 Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

North America dominates the edge analytics market because of the strong base of automotive facilities, strong presence of major players in the market.

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in automotive facilities, growing research activities in the region, availability of massive untapped markets, large population pool.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and up-stream 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, 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 competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company's focus related to edge analytics market.

Some of the major players operating in the edge analytics market are:

  • Cisco (Germany)
  • Oracle (U.K.)
  • SAP SE (Netherlands)
  • SAS Institute (U.S.)
  • Apigee Corporation (Spain)
  • Predixion Software (U.S.)
  • AGT International Inc (U.S.)
  • Foghorn Systems (U.K.)
  • CGI Group Inc. (U.S.)
  • Analytic Edge (U.K.)
  • Prism Tech (France)
  • Bit Stew Systems (Netherlands)
  • Bright Wolf (U.S.)
  • Camgian Microsystems (U.S.)
  • EUROTECH (Japan)
  • Kepware Technologies (U.S.)
  • Flowthings.io (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The edge analytics market size will be worth USD 47,290.43 million by 2030.
The growth rate of the edge analytics market is 24.9% in the forecast period by 2030.
Significant growth in low latency requirements & growing technological advancements are the growth drivers of the edge analytics market.
Components, type, business applications, deployment model, and vertical are the factors on which the edge analytics market research is based.
Major companies in the edge analytics market are Cisco (Germany), Oracle (U.K.), SAP SE (Netherlands), SAS Institute (U.S.), Apigee Corporation (Spain), Predixion Software (U.S.), AGT International Inc (U.S.), Foghorn Systems (U.K.), CGI Group Inc. (U.S.), Analytic Edge (U.K.), Prism Tech (France), Bit Stew Systems (Netherlands), Bright Wolf (U.S.), Camgian Microsystems (U.S.), EUROTECH (Japan), Kepware Technologies (U.S.), Flowthings.io (U.S.) among others
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials