ID: MRFR/ICT/2301-HCR | February 2021 | Region: Global | 100 pages
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.
Study Objectives of Edge Analytics Market:
The prominent players in edge analytics market are – 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.) among others.
Edge analytics market can be segmented on the basis of following:
Regional Analysis: 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.
Frequently Asked Questions (FAQ) :
global edge analytics market valuation can touch USD 11 billion by 2023.
global edge analytics market is expected to grow at 31% CAGR from 2020 to 2027.
Low latency speeds of data transfer, advent of internet of things, and a growing ecosystem of connected devices are major drivers of the global edge analytics market.
Predictive analytics can lead in the global edge analytics market.
The surge in 4G and 5G communication networking technologies and IoT devices are likely to assist North America in sustaining its lead in the global edge analytics market.
Cisco Corporation, SAS Institute, Foghorn Systems, SAP SE, Prism Tech, AGT International Inc., Apigee Corporation, Oracle Corporation, Analytic Edge, and CGI Group Inc. are key players of the global edge analytics market.