The global Edge Analytics Market is forecasted to be worth USD 33.65 Billion by 2027, according to a current analysis by Emergen Research. Due to the growing demand for real-time intelligence on network devices, the global Edge Analytics market is forecasted to grow significantly over the forecasted period. Besides, the rising government initiatives in Information and Communication Technology are anticipated to further fuel the market growth in the forecast timeline. Moreover, the rise in the implementation of connected devices is likely to drive the market growth shortly. IoT devices’ adoption is growing exponentially, generating massive volumes of data and requiring real-time data analytics.
This is a vital segment of the research study as it provides market insights relating to the growth of the Edge Analytics market at both the country as well as regional level. The researchers estimate the market growth in different regions and countries by assessing both value and volume. They accurately analyze the revenue, price, CAGR, consumption, sales, and other aspects relevant to the regional markets studied in the report.
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Here are the questions we answer…
What are the future opportunities in store for the vendors operating in the Edge Analytics market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Edge Analytics market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Edge Analytics market growth worldwide?
Market Segments
The global Edge Analytics market has been categorized based on the product type, application, and region. Our expert analysts undertake a thorough assessment of all of the segments included in the report and analyze them based on their market share, revenue, market growth rate, and other vital factors. The segmentation allows the interested parties to determine sectors in the global Edge Analytics market with high growth prospects and understand the growth strategies adopted by leading segments during the forecast period.
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Key Highlights From The Report
In June 2020, ADRM Software was acquired by Microsoft Corporation. The combination of ADRM ‘s extensive industry models with Azure’s limitless storage and computation would facilitate the generation of an intelligent data lake where data from different business units can be more rapidly harmonized seamlessly.
In the forecast timeframe, the solution segment is expected to be the largest market with a CAGR of 31.4%. Priority optimization and decentralization of Edge analytics solutions and thereby avoided conventional techniques for collecting huge amounts of data. The paradigm is relatively recent and is closely aligned with the emergence of a viable future IoT platform.
It is expected that the Prescriptive analytics segment will lead the market. This form of Edge Analytics gives suitable guidance to an employee relying on live streaming data or instantly beginning a process, contextualizing2 live stream operations within current company criteria.
Over the forecast period, the energy & power segment is expected to dominate the market. By applying edge analytics in facilities such as hydropower stations or wind turbines, the technique can detect real-time issues and minimize production delays.
North America’s region is forecasted to lead the market due to the growing acceptance of edge analytics by small and medium enterprises, driven by government policies and regulations.
Key participants include AGT Group GmbH, CGI Group Inc., FogHorn Systems, Inc., Oracle Corporation, Apigee Corp., SAP SE, Falkonry Inc., Equinix, Inc., Intel Corporation, and Microsoft Corporation, among others.
Component Outlook (Revenue, USD Billion; 2017-2027)
Services
Solution
Type Outlook (Revenue, USD Billion; 2017-2027)
Prescriptive Analytics
Descriptive Analytics
Diagnostic Analytics
Predictive Analytics
Deployment Outlook (Revenue, USD Billion; 2017-2027)
On-Cloud
On-Premises
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Manufacturing
Energy and Power
Logistics
Entertainment
Healthcare
Defence
Telecommunication
Information Technology
Retail
BFSI
Others
Regional Outlook (Revenue: USD Billion; Volume: Million MT; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Edge Analytics Market Segmentation & Impact Analysis
Chapter 5. Edge Analytics Market By Technology Insights & Trends, Revenue (USD Billion) (Million MT)
Chapter 6. Edge Analytics Market By End-Use Verticals Insights & Trends Revenue (USD Billion) (Million MT)
Chapter 7. Edge Analytics Market Regional Outlook
Continued…
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