Edge Analytics Market Highlights:
The necessity to nurture alternatives to big data analytics is anticipated to reinforce market growth globally. Reports that judge the information and communication technology industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. Incomes worth USD 11 Billion are expected to earned by the market at a 31 % CAGR by the end of the forecast period.
The boom in the concept of the internet of things and speedy development in data availability is anticipated to create momentum for the development of the Edge Analytics Market. The surging demand for predictive analytics and prescriptive analytics among others, is expected to push the market’s development in the upcoming period.
Competitive Analysis:
The market players are crafting strategies that deliver a high output rate from existing resources or don’t require a massive investment to obtain. The assets are continually being assessed to ensure that functioning is at an optimum level while keeping breakdowns at a bare minimum. A burgeoning user base is expected to play an instrumental role in the progress of the market in the approaching period.The market has established a proper tone for the development that is to be undertaken in the upcoming period. The market is also improving in several efforts to brace itself while fortifying its position against the slowdown in the global economy. Moreover, the emphasis is also being placed on the backend processes by integrating tools that can enhance the productivity of the market in the forecast period. The geopolitical factors are expected to play a critical role in the long-term expansion of the market in the upcoming period.
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The well-known contenders in edge analytics market are Oracle Corporation (U.S.), Cisco Corporation (U.S.), SAP SE (Germany), SAS Institute (U.S.), AGT International Inc. (Switzerland), Apigee Corporation (U.S.), Foghorn Systems (U.S.), Analytic Edge (India), CGI Group Inc. (Canada), Prism Tech (U.K.) among others.
Segmental Analysis:
The segmental study of the edge analytics market is conducted on the basis of type, deployment, component, business application, region, and vertical. The component-based segmentation of the edge analytics market comprises of services and solutions.
- Based on type, the edge analytics market comprises of predictive analytics, descriptive analytics, prescriptive analytics, and diagnostic analytics.
- On the basis of deployment, the edge analytics market comprises of cloud and on-premise.
- On the basis of business application, the edge analytics market consists of finance, sales, marketing, operations, and human resource. Finally, the vertical-based segmentation of the market comprises of healthcare, travel & hospitality, BFSI, manufacturing, retail, media & entertainment, IT & telecommunication, government, and others.
- Based on the regions, the edge analytics market is segmented into Asia Pacific, North America, Europe and other regions in the World.
Detailed Regional Analysis:
The regional scrutiny of the edge analytics market studies regions such as Asia Pacific, North America, Europe, and other regions in the World. As per the analysis, it has been observed that the North American region is anticipated to influence the key share of the market, while the Asia Pacific region is estimated to progress at a speedy pace in the forecast period.
The foremost expansion in the edge analytics market in the North American region is owing to the technological improvement and the incidence of a well-founded infrastructure in the region.
Industry Updates:
Sep 2019 Cloudian, a firm that allows businesses to stock and oversees enormous amounts of data, recently announced the introduction of Edgematrix, a novel unit focused on edge analytics for big data sets. Edgematrix, a mainstream owned holding of Cloudian, will first be presented in Japan, where Edgematrix is based. The company has fostered a USD 9 million Series A from strategic backers Shimizu Corporation, NTT Docomo, and Japan Post Capital, as well as the co-founder of Cloudian.
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
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
Continued…
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List of Tables
Table 1 Edge Analytics Market, By Component
Table 2 Edge Analytics Market, By Type
Table 3 Edge Analytics Market, By Deployment
Continued…
List of Figures
Figure 1 Research Type
Figure 2 Edge Analytics Market, By Component (%)
Figure 3 Edge Analytics Market, By Type (%)
Continued…
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