Edge Analytics Market Highlights:
Edge analytics refers to an alternative to the technological powerhouse named big data analytics. The process offers real-time analysis of data that is generated on the edge of their network devices. It performs an automated analytical computation of accumulated data in real time, rather than just moving the data back to the centralized data store.
In recent years, the global Edge Analytics Market has seen massive proliferation and popularity among the masses. It is gaining increasing demand owing to the emergence and the booming expansion of the Internet of Things (IoT) and the fast-paced growth in the availability of data through connected devices and via real-time intelligence. One of the major driving factors of edge analytics market is its distinctive features like cost optimization and scalability. These features aid in significantly boosting the growth of the 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.
October 23rd, 2018, Sisense, a business intelligence provider, announced the launch of an all new artificial intelligence technology. It claims it to turn the Internet of Things (IoT) devices into supercomputers. The new product, named Sisense Hunch, offers a “new class of big data analytics.”
January 30th, 2019, Sony announced its very first Artificial Intelligence-based Edge Analytics solution, named the REA-C1000. The solution enables users to create real-time video content with the need for specialist training or any other additional equipment or staff.
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.
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Regional Analysis:
The global edge analytics market is geographically segmented to grab a clear understanding concerning its footprint across the world as well as its market presence. The regions covered in the regional segmentation study are Asia Pacific, Europe, North America, and the Rest of the World (RoW).
The global edge analytics market is expected to grow at a speedy manner, as mentioned above. However, one of the key regions driving the overall growth of the market is the North American region. The North American region holds the leading position in the global landscape and is expected to further maintain its standings in the forthcoming years of the forecast period. Rising technological advancements in network architecture and data center in the region is one of the primal driving factors of the North American regional market.
Asia Pacific is expected to be the fastest growth region in the global landscape owing to the surging cloud computing and big data analytics architecture herein. China holds the leading position in terms of being the highest contributor to the Asia Pacific region. This is due to the increasing integration of digitization as well as industrialization in the nation. Additionally, the increasing proliferation of IoT and the adoption of the same is also fueling the growth of the market in this region.
Intended Audience:
- 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
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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