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The Global Edge Analytics Market was valued at USD 2.01 billion in 2016 and is projected to reach USD 30.40 billion by 2025, growing at a CAGR of 35.23% from 2017 to 2025.
Edge analytics is an approach to data collection and analysis in which an automated analytical computation is performed on data at a sensor, network switch or other device instead of waiting for the data to be sent back to a centralized data store. The key benefits of edge analytics include â€" low latency, decreased storage costs, linear scalability, real-time analysis of data, reduced data sent back to the cloud, lower cost related to data management and operations.
1. Market Drivers
1.1 Reduction in operational cost and boost performance through predictive maintenance
1.2 Increasing demand for edge analytics in B2B
1.3 Increasing adoption of technologies such as IoT, machine learning, NLP, cloud computing
1.4 Growing demand of edge analytical solutions
1.5 Emergence of predictive and real-time intelligence on network device
1.6 Edge analytics improves scalability and cost optimization
2. Market Restraints
2.1 Safety and security concerns
2.2 Lack of proper standards
2.3 Low investment in new technologies by enterprises
2.4 Rapidly changing organizational data
The Global Edge Analytics Market is segmented on the analytics type, component, deployment model, business application, vertical, and region.
1. Analytics Type:
1.1 Prescriptive Analytics
1.2 Descriptive Analytics
1.3 Diagnostic Analytics
1.4 Predictive Analytics
2. By Component:
2.2.1 Managed services
2.2.2 Professional services
18.104.22.168 Support and maintenance services
22.214.171.124 Consulting services
3. By Deployment Mode:
4. By Business Application:
4.3 Human Resources
5. By Vertical:
5.2 Government and Defense
5.3 IT and Telecom
5.4 Banking, Financial Services, and Insurance (BFSI)
5.5 Transportation and Logistics
5.6 Retail and Consumer Goods
5.8 Media and Entertainment
6. By Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
The major players in the market are as follows:
1. CGI Group Inc.
2. SAP SE
3. Apigee Corporation
4. Oracle Corporation
5. Cisco Systems, Inc.
6. Prism Tech
7. SAS Institute Inc.
8. Foghorn Systems
9. AGT International Inc.
10. Analytic Edge
11. Predixion Software
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Edge Analytics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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