Edge Analytics Industry 2019
Description:-
The Global Edge Analytics Market is expected to grow from USD 1,726 million in 2016 to an estimated USD 11 billion by 2023, at a CAGR of 31% from the forecast period of 2017 to 2023. This market is gaining a significant amount of traction owing to the advent of the internet of things. This is also true because of the prompt growth in the data availability through connected devices and real time intelligence. The major driving forces of the edge analytics market are its features such as cost optimization and scalability. These unique features are sure to boost market growth.
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Key Players
• Cisco Corporation (U.S.)
• Oracle Corporation (U.S.)Edge Analytics Market
• 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.)
Another factor is the multiplication of enormous measures of information through associated devices, predictive, and real time intelligence on network devices. This serves as a forward push to the development of this field. Edge Analytics is basically an alternative to big data analytics. It offers real time analysis of data generated on the edge of network devices.
On the basis of market segmentation based on type, predictive analytics is expected to rise at the highest CAGR. This is mainly because of its ability to predict outcomes of business environment prior to the actual occurrence of events. When it comes to demand, the need for Edge Analytics is directly related to the volume of big data. This means that the more volume of big data around the world, the higher the demand for the edge analytics market. The manufacturing market in the industry vertical segment has previously seen a high demand in the global edge analytics market mainly because of its increase in smart automation process at the production site and predictive analysis of the production cycle.
Market Segmentation
The Edge Analytics market is classified on the basis of component, deployment, type, vertical, and business application. The type segment is further segmented into predictive analytics, descriptive analytics, predictive analytics and diagnostic analytics. On the basis of component, the market segmentation is conducted by services and solutions. When it comes to application, the market is segmented by finance, marketing, sales, human resources, and operations. Based on its deployment model, the market is segmented into on-cloud and on-premises. When it comes to vertical, the market is segmented depending upon BFSI, manufacturing, travel and hospitality, Government and Defense as well as IT and telecommunication.
Regional Analysis
Region wise, the market of North America is seen as the biggest share holder. Other than this, market revenue and share have been analyzed by taking into consideration regions such as North America, Canada, US, Europe, Germany, France, and the Rest of Europe, Italy, Asia Pacific, Japan, China, India, Rest of Asia Pacific and the rest of the world. Global players are focused on improving their edge analytics by coming up with innovative and efficient analytical models to strengthen their product offering.
Industry News
The APAC area is expected to have unparalleled access to this market and is anticipated to develop at the most astounding CAGR in the upcoming years. This is mainly because of the huge development of information through IoT and other associated devices.
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Table of Contents – Major Key Players
Table 1 Edge Analytics Market, By Component
Table 2 Edge Analytics Market, By Type
Table 3 Edge Analytics Market, By Deployment
Table 4 Edge Analytics Market, By Business Application
Table 5 Edge Analytics Market, By Vertical
Table 6 Edge Analytics Market, By Regions
Continued….
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