Edge Analytics Market Highlights:
In this post-cloud era, with increasing IoT applications, it is being estimated that more than 50 billion things would be connected to internet by 2020. Some IoT application would require short response time, some might involve private data, or some applications might produce large amount of data which in return would increase the load on the network. Cloud computing would not be very efficient to support such load of applications. The success of various cloud services such as SaaS, PaaS, and IaaS and the proliferation of IoT have pushed the new computing paradigm towards edge analytics. Edge analytics collects and analyse data with support of sensors, and network switch and helps companies in setting parameters for operations and decision making process.
The major growth driver of Edge Analytics Market includes proliferation of data traffic through connected devices, high adoption of cloud based services. However, high price of equipment, complex features and requirement of sophisticated maintenance are some of the major factor hindering the growth of Edge analytics Market
The global edge analytics market is slated to grow annually at a massive compound rate of 31% during the forecast period. The global market valuation is further expected to reach a striking figure of USD 11 billion by the end of the forecast period in 2023.
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Competitive Landscape:
The global edge analytics market includes a number of key players, including AGT International Inc. (Switzerland), Cisco Corporation (U.S.), SAP SE (Germany), Foghorn Systems (U.S.), SAS Institute (U.S.), Oracle Corporation (U.S.), Analytic Edge (India), Apigee Corporation (U.S.), CGI Group Inc. (Canada), Prism Tech (U.K.), and others.
Market Segmentation:
The global edge analytics market segmentation is based upon the following key dynamics: type, component, business application, verticals, and deployment.
- By deployment, the market divides into cloud and on-premise deployment,
- By component, the market includes solutions and services.
- By business application, the market comprises finance, marketing, human resource, sales, and operations.
- By type, the market segments into prescriptive analytics, descriptive analytics, predictive analytics, and diagnostic analytics. The predictive analytics segment type is one which is expected to grow with the highest CAGR percentage during the forecast period. This is due to its nature of predicting the business environment outcomes even before the actual occurrence of the events.
- By verticals, the market breaks down into retail, BFSI, IT & Telecommunication, healthcare, manufacturing, Media & Entertainment, government, and travel & hospitality.
Regional Analysis:
The Global Edge analytics market is estimated to grow at a promising rate in upcoming years. North America followed by Europe has led the market in 2017 due to technological advancement in data center and network architecture in the region.
Asia Pacific is projected to be the fastest growing region due to rising cloud computing and big data analytics architecture market in the region. China is leading the edge analytics market in Asia Pacific region due to increasing integration of digitization and industrialization in the country. Increasing IOT market is also fuelling the market growth in the region.
Industry News:
May 2017 – X-IO technologies, a leading innovator in advanced data storage systems introduced edge computing platform named “Axellio” to deliver real-time performance for complex analytics on high volume and streaming data. The Axellio is a high density and converged server or storage systems that provides unequalled and sustained throughput to address the growing edge requirements.
February 2017 – Dell Inc., a leading IoT infrastructure solution provider, introduced “Dell Edge Gateway Series” offering real-time intelligence and connectivity from harsh environments. With this gateway, customers can securely transfer and analyse important data at the edge of the network.
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
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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