The Global Edge Analytics Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Edge Analytics industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Edge Analytics market along with crucial statistical data about the Edge Analytics market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
The global Edge Analytics Market is forecasted to be worth USD 33.65 Billion by 2027, according to a current analysis by Emergen Research. Due to the growing demand for real-time intelligence on network devices, the global Edge Analytics market is forecasted to grow significantly over the forecasted period. Besides, the rising government initiatives in Information and Communication Technology are anticipated to further fuel the market growth in the forecast timeline. Moreover, the rise in the implementation of connected devices is likely to drive the market growth shortly. IoT devices’ adoption is growing exponentially, generating massive volumes of data and requiring real-time data analytics.
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Key Highlights From The Report
In June 2020, ADRM Software was acquired by Microsoft Corporation. The combination of ADRM ‘s extensive industry models with Azure’s limitless storage and computation would facilitate the generation of an intelligent data lake where data from different business units can be more rapidly harmonized seamlessly.
In the forecast timeframe, the solution segment is expected to be the largest market with a CAGR of 31.4%. Priority optimization and decentralization of Edge analytics solutions and thereby avoided conventional techniques for collecting huge amounts of data. The paradigm is relatively recent and is closely aligned with the emergence of a viable future IoT platform.
It is expected that the Prescriptive analytics segment will lead the market. This form of Edge Analytics gives suitable guidance to an employee relying on live streaming data or instantly beginning a process, contextualizing2 live stream operations within current company criteria.
Over the forecast period, the energy & power segment is expected to dominate the market. By applying edge analytics in facilities such as hydropower stations or wind turbines, the technique can detect real-time issues and minimize production delays.
North America’s region is forecasted to lead the market due to the growing acceptance of edge analytics by small and medium enterprises, driven by government policies and regulations.
Key participants include AGT Group GmbH, CGI Group Inc., FogHorn Systems, Inc., Oracle Corporation, Apigee Corp., SAP SE, Falkonry Inc., Equinix, Inc., Intel Corporation, and Microsoft Corporation, among others.
Component Outlook (Revenue, USD Billion; 2017-2027)
Services
Solution
Type Outlook (Revenue, USD Billion; 2017-2027)
Prescriptive Analytics
Descriptive Analytics
Diagnostic Analytics
Predictive Analytics
Deployment Outlook (Revenue, USD Billion; 2017-2027)
On-Cloud
On-Premises
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Manufacturing
Energy and Power
Logistics
Entertainment
Healthcare
Defence
Telecommunication
Information Technology
Retail
BFSI
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Edge Analytics Market Definition
1.2. Edge Analytics Market Research Scope
1.3. Edge Analytics Market Methodology
1.4. Edge Analytics Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Edge Analytics Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Edge Analytics Market Segmentation & Impact Analysis
Continued…
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