Edge Analytics Market Research Report by Forecast to 2023
Edge Analytics Market Research Report
By Forecast to 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Edge Analytics Market
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 analyze data with support of sensors, and
network switch and helps companies in setting parameters for operations and decision making process.
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Edge Analytics Market
“Taste the market data and market information presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content
TOC & market synopsis on Internet of Edge Analytics Market Forecast To 2023”
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 COVID-19 pandemic disruption is estimated to transform the Edge Analytics Market in the years to come drastically, and its after-
effects will be persistently seen in the years ahead. The MRFR report on the Edge Analytics Market meticulously tracks the COVID-19
pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent
understanding of future growth cues.
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Edge Analytics Market
Regional Analysis
The geographic analysis of the global edge analytics market has been carried out in four major regions, comprising the Asia Pacific, North
America, Europe, and the rest of the world (the Middle East, and Africa Latin America).
North America, followed by Europe, has dominated the market in 2017 due to technological advancement in the data center and
network architecture in the region. Furthermore, significant growth of the edge analytics market can be accrued to the high
concentration of manufacturing and telecommunication industries that significantly adopt edge analytics services. The need for edge
analytics is directly related to cloud traffic. Due to the massive increase in cloud traffic, significant growth in the market can be observed.
Also, considerable growth in sensor technology can be witnessed in the region.
By merging the innovations of sensor technology with decreasing hardware costs, the edge-to-cloud paradigm can be established. The
Asia Pacific is estimated to be the fastest-growing region due to growing cloud computing and big data analytics architecture market in
the region. China is leading the edge analytics market in the Asia Pacific region due to the growing integration of industrialization and
digitization in the country. The growing IoT market is also fuelling market growth in the region.
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Edge Analytics Market
Application & Major Players in this Research:
Edge Analytics Market Prominent Players:
• Oracle Corporation (U.S.),
• Cisco Corporation (U.S.),
• SAP SE (Germany),
• Apigee Corporation (U.S.),
• SAS Institute (U.S.),
• AGT International Inc. (Switzerland),
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Edge Analytics Market
Edge Analytics Market Segmented on the basis of
Segment:
• Segmentation of the market, by Component, has been done into Solution and Services
• Segmentation by Type has been carried out into Descriptive analytics, predictive analytics, prescriptive analytics, and
diagnostic analytics.
• Segmentation by Deployment consists of Cloud and on-premise.
• Segmentation by Business Application includes Marketing, Sales, Operations, Finance, and Human Resource
• Segmentation by Verticals covers BFSI, Manufacturing, Healthcare, Retail, IT & Telecommunication, Media &
Entertainment, Travel & Hospitality, and Government. Edge analytics support organizations to get more advanced data faster by
employing advanced analytics and machine learning at the point of data collection. Healthcare is another domain where a
massive upsurge in the number of connected devices can be witnessed. The manufacturing industry can make extensive
deployment of Edge analytics, for instance, in a smart production line.
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