Global Edge Analytics Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 32.7 % from 2019 to 2027, reaching US$ XX Bn.

 

This is a comprehensive global report targeted at the present and future prospects of the worldwide global edge analytics market. The report presents a consolidation of primary and secondary analysis that provides market size, share, dynamics, and forecast for numerous segments and sub-segments are considering the macro and small environment factors. The report also covers an in-depth analysis of COVID 19 pandemic impact on the sales revenue of global edge analytics market by year-wise and region and on the key player's revenue affected and expected short term and long-term impact on the market.

Global Edge Analytics Market Overview:

The method of collecting, tracking, and analyzing data at the edge of network equipment such as sensors, routers, gateways, switches, and others are referring as edge analytics. At the edge of the computers, the analytical calculation is conducted without waiting for the data to be obtained back at the centralized storage facility and then involving analytical applications. This has not only reduced the delay on connected devices in the decision-making process but has also created scalability. The emergence of the Internet of Things (IoT) and the increasing need for edge analytical solutions have increased the demand for edge analytics due to its performance.

Global Edge Analytics Market – Dynamics

The global edge analytics market is driven by the advent of IoT and the proliferation of vast quantities of data through connected devices. Predicted and real-time network system intelligence acts as a catalyst for edge analytics growth. The adoption of edge analytics has improved scalability and cost optimization. In the edge analytics industry, the emergence of technologies such as ML, visualization, and IoT, which link devices from retail cameras to the internet. With the assistance of IoT, users easily make critical decisions for future effects after evaluating current data on previously available data. Growing demand for edge analytics in business to business as compared to consumer applications.

However, the lack of successful real-time algorithms, the lack of universally accepted standards, and the security and safety issues are restraining the market growth at the global level. The reluctance of industries to invest in new technologies and some of the infrastructural constraints may hamper the market growth in the coming years.
Based on the end-user, the IT and Telecommunication industry has led the Edge analytics market in 2019 and is expected to generate more than US$ xx Bn market revenue by 2027 with a CAGR of xx%. The market growth is attributed to the advent of IoT and the proliferation of vast amounts of data from connected devices. Predictive analytics has been a leading analytical engine and is currently implemented at the edges network to provide edge analytics (routers, switches, gateways), thus reducing the data transfer, storage, and processing costs are essential to centralize analytical hubs during data analysis. For edge analytics, predictive analytics has become a crucial growth engine that capitalizes on the embedding of predefined intelligence (algorithms) to the server.

Global Edge Analytics Market Regional Analysis

Geographically, The Global Edge Analytics Market has segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the dominant market share of xx% in 2019 and is expected to maintain its dominance during the forecast period.

In terms of value, Asia Pacific is expected to grow at a CAGR of xx% in the forecast period. The growing adoption of wireless communication technology such as 4G, 5G is fueling the edge analytics market in APAC during the forecasting period.

The objective of the report is to present a comprehensive analysis of the Global Edge Analytics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Edge Analytics Market dynamics, structure by analyzing the market segments and project of the Global Edge Analytics Market size. Clear representation of competitive analysis of key players By Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Edge Analytics Market make the report investor’s guide.
Scope of Global Edge Analytics Market

Global Edge Analytics Market, By Component

• Solution
• Services
Global Edge Analytics Market, By Type

• Diagnostic analytics
• Descriptive analytics
• Predictive analytics
• Prescriptive analytics
Global Edge Analytics Market, Deployment model

• On Premise
• On cloud
Global Edge Analytics Market, End user

• Telecom and IT
• BFSI (Banking, Financial Services and Insurance)
• Health care and life sciences
• Retail & consumer goods
• Media & entertainment
• Travel & hospitality
• Government & defense
• Manufacturing
• Others (Transportation and logistics)
Global Edge Analytics Market, By Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Edge Analytics Market Key Players

• Cisco Systems Inc.
• Oracle Corporation
• SAP SE
• Apigee Corporation
• SAS Institute Inc.
• AGT International Inc.
• PrismTech Corporation
• Greenwave Systems
• CGI Group Inc.
• Dell Technologies Inc
• Foghorn Systems
• PrismTech Corporation
• Equinix, Inc.
• Intel Corporation

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