Demand for Edge Analytics Industry Booms, Resulting in Growth of the Market Worldwide

Edge analytics is the extended version of analytical solution that helps reduce data traffic in the network and enhances analytics solutions such as historical, predictive, and prescriptive analytics. Through optimized data filtration from the connected devices, edge analytics first analyses data collected from the devices and forwards relevant data to the storage for further analysis on the collected data. Several industries such as public sector, manufacturing, retail, and others have adopted edge analytics solution to optimize their business operations through cost effective and real-time analytics.

Growth in number of connected devices in IoT, surge in demand for advanced and real-time analytics, and increase in need for prescriptive analytical models drive the edge analytics market. However, no common platform for standardized software deployment and slow ICT spending in under developed nations are expected to hinder the edge analytics market growth.

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The global edge analytics market is segmented on the basis of solution, type, deployment model, industry vertical, and geography. On the basis of solution, it is bifurcated into software and service. On the basis of type, it is classified into historical analysis, predictive analytics, and prescriptive analytics. By deployment model, it is categorized into cloud and on-premise. On the basis of industry vertical, it is divided into public sector, retail, healthcare, it & telecom, manufacturing, energy & utility, transportation, and others. By geography, the edge analytics market is analyzed across North America, Europe, Asia Pacific, and LAMEA.

The major players operating in the global edge analytics market include Cisco Systems, Inc., Dell Inc., Equinix, Inc., Greenwave Systems, HP Inc., IBM Corporation, iguazio, Intel Corporation, Microsoft Corporation, and Oracle Corporation.

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Key benefits

  • The report provides an extensive analysis of the current market trends, future estimations, and dynamics of the global edge analytics market.
  • In-depth analysis of the edge analytics industry is conducted by based on market estimations of key market segments from 2016 to 2023.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the edge analytics market framework.
  • Comprehensive analysis of all regions assists in determining the prevailing opportunities across geographies.
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