Edge analytics is basically an alternative to big data analytics. It provides real time analysis of data generated on the edge of network devices. Edge analytics performs automated analytical computation of collected data in real time instead of sending the data back to the centralized data store.
Edge analytics is gaining traction due to the advent of internet of things and rapid growth in the data availability through connected devices and real time intelligence. Major driving factors of edge analytics market are its features like scalability and cost optimization which are driving the market share.
Edge Analytics Market is segmented on the basis of component, type, deployment, business application and vertical. The type segment is further bifurcated into descriptive analytics, predictive analytics, prescriptive analytics and diagnostic analytics. Out of these, the predictive analytics type is expected to grow at the highest CAGR during the forecast period owing to its nature of predicting the outcomes of business environment before the actual occurrence of events.
The global edge analytics market is expected to grow at approx. USD 11 Billion by 2023, at 31% of CAGR between 2017 and 2023.
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Major Key Players:
- Cisco Corporation (U.S.)
- Oracle Corporation (U.S.)
- SAP SE (Germany)
- SAS Institute (U.S.)
- Apigee Corporation (U.S.)
- AGT International Inc. (Switzerland)
- Foghorn Systems (U.S.)
- CGI Group Inc. (Canada)
- Analytic Edge (India)
- Prism Tech (U.K.)
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Edge Analytics Market-Forecast to 2023”.
The regional analysis of edge analytics market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in edge analytics market in North America attributes to the technical advancements and well established infrastructures in that region.
Market Research Analysis:
The global edge analytics market, by geography, has been segmented into North America, Europe, Asia Pacific and Others. In the global edge analytics market, Asia Pacific is anticipated to witness relatively faster adoption and hence the growth rate as compared to other regions. Asia Pacific is expected to grow at the highest CAGR during the forecast period. Within Asia Pacific, edge analytics market is projected to contribute faster to the growth of revenue backed by advent of internet of things and emerging advanced technologies in countries such as Japan, China and India.
Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of edge analytics market. In Europe, the presence of advanced infrastructure and with the increasing adoption of technology and technological advancements in numerous countries is driving the market growth of edge analytics market. The small and medium enterprises market in Europe region contributed for larger share of revenue while the industrial market is expected to gain traction during the forecast period.
Edge Analytics Market Segmentation:
The edge analytics market has been segmented on the basis of component, type, deployment, business application and vertical. The component segment comprises of solutions and services. The solutions segment is expected to hold the largest market share during the forecast period owing to the increasing number of enterprises deploying edge analytics solutions.
- Technology investors
- Research/Consultancy firms
- Cloud service providers
- Technology providers
- Independent Software Vendors
- Business Analytics Software Providers
- Application Design and software developers
- System Integrators
- IT Service Providers
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
List of Tables
Table 1 Edge Analytics Market, By Component
Table 2 Edge Analytics Market, By Type
Table 3 Edge Analytics Market, By Deployment
List of Figures
Figure 1 Research Type
Figure 2 Edge Analytics Market, By Component (%)
Figure 3 Edge Analytics Market, By Type (%)
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