Edge Analytics Market

Edge Analytics Market Size, Share, Growth Analysis, By Type(Descriptive Analytics, Diagnostic Analytics, Predictive Analytics, Prescriptive Analytics), By Component(Solution, Service), By Deployment Model(On-premises, On-cloud), By Application(Marketing & Sales, Operations, Finance, Human Resources), By End-Use(IT & Telecom, BFSI, Manufacturing, Healthcare), By Regional(North America, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG45E2086 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Edge Analytics Market Insights

Market Overview:

The market for edge analytics was estimated to be worth USD 6.34 billion in 2021, and from 2022 to 2030, it is anticipated to expand at a CAGR of about 23.57%. Prescriptive analytics are becoming more and more in demand, which is fueling industry expansion. Over the projected period, it is anticipated that the proliferation of IoT-connected devices would further accelerate the market's growth. The need for edge analytics is also anticipated to increase in the near future as a result of the increase in government activities related to information and communication technology.

Edge Analytics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Edge Analytics was estimated to be valued at US$ XX Mn in 2021.

The Edge Analytics Market is estimated to grow at a CAGR of XX% by 2028.

The Edge Analytics Market is segmented on the basis of Type, Component, Deployment Model, Application, End-Use, Regional.

Based on region, the Edge Analytics Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Edge Analytics Market are Amazon Web Service Inc., Cisco Systems Inc., Databricks, Dell Statistica, EdgeConneX, Hewlett Packard Enterprise Development LP, IBM Corporation, Intel Corporation, Microsoft, Oracle Corporation.

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Edge Analytics Market

Report ID: UCMIG45E2086

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