Edge Analytics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028, Segmented By Component (Solution and Services), By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Diagnostics Analytics), By Application (Marketing, Sales, Operations, Finance, Human Resources), By Deployment Mode (On-Premises and On-Cloud), By End-User (Healthcare & Lif
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEdge Analytics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028, Segmented By Component (Solution and Services), By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics and Diagnostics Analytics), By Application (Marketing, Sales, Operations, Finance, Human Resources), By Deployment Mode (On-Premises and On-Cloud), By End-User (Healthcare & Lif
Edge Analytics market is anticipated to grow at a CAGR of 28.15% through forecast Period 2048-2028.
Edge Analytics Market is driving on account of the increasing need for real-time insights with
Advent of Internet of Things (IoT) and Proliferation of Massive Amount of Data Through Connected Devices
Furthermore, according to the International Data Corporation (IDC), there will be around 41.6 billion IoT devices in 2025, which are capable of generating 79.4 zettabytes (ZB) of data
Surge in Demand for Prescriptive & Predictive Analytics in Private Sector
The increased demand for prescriptive as well as predictive analytics in the private sector such as consumer electronics, manufacturing, logistics is likely to drive the expansion of the edge analytics market over the forecast period. Predictive and prescriptive analytics are going and growing together like a bird of a feather. Post the prediction of potential outcomes, the enterprises use prescriptive analytics to help control those outcomes, which are beneficial to the business in the longer run. It aids businesses identify the best course of action so that enterprises can achieve business goals like cost reduction, customer satisfaction, profitability, etc. For instance, prescriptive analytics solution like IBM Decision Optimization, is enabling accurate decision-making for complex problems by providing tools for building and deploying optimization models that are mathematical representations of business problems. As a result, these solutions are high in demand by the enterprises and are becoming more integrated into the private sector. Furthermore, the enterprises are exponentially concerned more for utilizing such enormous benefits of advanced solutions for removing underperforming channels, increasing their efficiency, managing risk management, building repeatable and scalable process and achieving higher agility. Thus, the rising demand for predictive and prescriptive analytics solutions is expected to grow the edge analytics market globally in the forecast period.
Low Latency and High Bandwidth Issues of Data Transfer Driving the Edge Analytics Market
For instance, as per the study, only 10% of the data generation have been created and processed by the edge in 2022. Further, it is predicted that nearly 75% of the data will be on edge by 2025, leaving the traditional data centers and cloud storage
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Market Segmentation
The
Market Player
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2024-2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | By Component By Type By Application By Deployment Mode By End-User |
| Regional scope | North America, Asia-Pacific, Europe, South America, Middle East |
| Country scope | United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Italy, Spain, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE, Qatar |
| Key companies profiled | IBM Corporation, Cisco Systems, Inc., Dell Inc., Equinix, Inc., Greenwave Systems, Hp Inc., Iguazio Ltd, Intel Corporation, Microsoft Corporation, Oracle Corporation |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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