Global Edge Analytics Market Share, Size, Estimates, Trends and Forecast 2023

According to Stratistics MRC, the Global Market is accounted for $2.02 billion in 2016 and is expected to reach $13.63 billion by 2023 growing at a CAGR of 31.3% during the forecast period”.

Increased data generation and management, increasing demand of edge analytics products and introduction of IoT and proliferation of massive amount of data through connected devices are favoring the market growth. However, factors such as safety and security issues and lack of universally accepted standards are hindering the market.

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Edge Analytics is analyzing data close to its source instead of sending it to a remote server for cloud-level analysis. Edge analytics has gained interest as the Internet of Things (IoT) model of connected devices has become more widespread. In many organizations, streaming data from manufacturing machines, industrial equipment, pipelines and other remote devices connected to the IoT creates a massive glut of operational data, which can be difficult and expensive to manage.

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Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period, owing to growth in acceptance of IoT devices in developing countries such as China, South Korea and Japan. Moreover, North America accounted for largest market share attributed to existence of technical experts, large enterprises and growing demand for analytics technologies.

Some of the key players in the Edge Analytics market include Dell Inc, Hp Inc., Iguazio, Microsoft Corporation, Prismtech, Equinix, Inc., Intel Corporation, Cyberlightning, Cisco Systems, Inc, AGT International, Sight Machine, Bright Wolf, Oracle Corporation, Greenwave Systems and IBM Corporation.

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End Users Covered:
• Travel and Hospitality
• Government and Defense
• Energy and Utility
• Oil and Gas
• Media and Entertainment
• IT and Telecommunication
• Retail and Consumer Goods
• Manufacturing
• Banking, Financial Services, and Insurance
• Healthcare and Life Sciences
• Other End Users

Deployment Models Covered:
• On-Cloud
• On-Cloud

Applications Covered:
• Human Resources
• Finance
• Operations
• Marketing
• Sales

Types Covered:
• Diagnostic Analytics
• Prescriptive Analytics
• Predictive Analytics
• Descriptive Analytics

Components Covered:
• Services
• Solutions

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Organization: Stratistics Market Research Consulting Pvt Ltd

Release ID: 290307