Summary

Global Edge Analytics Market is expected to grow at a significant rate of around 24% during the forecast period. Edge analytics reduces network data traffic and improves analytic programs including historical, predictive, and prescriptive analytics. Edge analytics initially analyses data acquired from the connected devices using optimal data filters, then transmits pertinent data to the storage for additional analysis on the collected data. Many sectors, including the public sector, manufacturing, retail, and others, have implemented edge analytics solutions to improve their company operations through affordable and real-time analytics.

The edge analytics market is driven by the expansion of IoT's connected devices. For instance, in 2021, there were more than 10 billion active IoT devices. Moreover, the rising demand for real-time and advanced analytics, and a rise in the demand for prescriptive analytical models are also expected to significantly influence the market growth during the forecast period. Furthermore, the growing number of smart cities are also expected to significantly influence the market growth during the forecast period.
Cisco Systems, Inc; Oracle; Analytic Edge; CGI Inc; Dell Inc; Equinix, Inc; Greenwave Systems; IBM; Intel Corporation; Microsoft are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
 
Insights Presented in the Report
“Amongst component, solutions category to grow with a significant CAGR”
Based on component, the market is segmented into solutions and services. The services segment is expected to grow with a significant CAGR. The growth of the segment is mainly attributed to their cost effectiveness. Furthermore the edge analytics services are becoming increasingly popular in industries such as manufacturing, healthcare, transportation, and logistics, where real-time data analysis is critical for optimizing operations and improving efficiency. For example, in manufacturing, edge analytics can be used to monitor equipment and detect potential issues before they cause downtime or other problems which is expected to drive the market during the forecast period.

“Amongst end-users, the energy and power to hold a significant share in the market in 2021”
Based on end-users, the market is segmented into BFSI, retail, IT, defense and others. The energy and power segment are expected to achieve a significant market share in 2021 and is expected to grow with a significant market share during the forecast period. The edge analytics systems are used to track problems in real time which helps organizations to decrease the output delays costs. Furthermore, with the help of edge analytics energy producing companies can determine how much energy could be transmitted to retained for future usage is also expected to drive the market during the forecast period.

“North America to hold a significant share in the market”
In 2021 the North American region is expected to hold the largest market share and is expected to maintain its domination throughout the forecast period. The growth in the region is mainly attributed to factors such as growing number of SME’s on in the region coupled with growing investments in artificial intelligence and automation are expected to propel the market during the forecast period. Moreover, the growing number of smart cities in the region are also expected to drive the market during the forecast period. For instance, according to Otonomo, New York is installing camera’s and sensors in 10000 city intersections, with the aim of investing in connected infrastructure and adaptive signals.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global edge analytics market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Table of Contents

1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Main Objective
1.3. Stakeholders
1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Edge Analytics Market
2.2. Research Methodology of the Edge Analytics Market
2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 IMPACT OF COVID-19 ON THE EDGE ANALYTICS MARKET
6 EDGE ANALYTICS MARKET REVENUE, 2020-2028F
7 MARKET INSIGHTS BY COMPONENT
7.1. Solutions
7.2. Services
8 MARKET INSIGHTS BY TYPE
8.1. Prescriptive Analytics
8.2. Descriptive Analytics
8.3. Diagnostic Analytics
8.4. Predictive Analytics
9 MARKET INSIGHTS BY END-USER
9.1. BFSI
9.2. Retail
9.3. Energy & power
9.4. IT
9.5. Defense
9.6. Others
10 MARKET INSIGHTS BY REGION
10.1. North America
10.1.1. U.S.
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe
10.2.1. Germany
10.2.2. U.K.
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Rest of Asia-Pacific
10.4. Rest of World
11 EDGE ANALYTICS MARKET DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 EDGE ANALYTICS MARKET OPPORTUNITIES
13 EDGE ANALYTICS MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
14.1. Demand Side Analysis
14.2. Supply Side Analysis
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INSIGHTS
18 COMPETITIVE SCENARIO
18.1. Competitive Landscape
18.1.1. Porters Five Forces Analysis
19 COMPANY PROFILED
19.1. Cisco Systems, Inc
19.2. Oracle
19.3. Analytic Edge
19.4. CGI Inc
19.5. Dell Inc
19.6. Equinix, Inc
19.7. Greenwave Systems
19.8. IBM
19.9. Intel Corporation
19.10. Microsoft.
20 DISCLAIMER