About Edge Analytics
Edge analytics is an alternative to big data analytics, performs the automatic analytical computation of collected data in real-time, instead of sending the data back to the centralized data store or server. It provides real-time analysis of data generated on the edge of network devices, which is in an unstructured form. This helps companies to get advanced data quickly, by employing advanced analytics and machine learning at the point of data collection.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for edge analytics. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Edge Analytics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cisco Corporation (United States), Oracle Corporation (United States), SAS Institute (United States), SAP SE (Germany), Apigee Corporation (United States), AGT International Inc. (Switzerland), Predixion Software (United States), Foghorn Systems (United States), CGI Group Inc. (Canada), Analytic Edge (India) and Prism Tech (UK) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Edge Analytics market by Type (Descriptive analytics, Diagnostic analytics, Predictive analytics and Prescriptive analytics), Application (Healthcare And Life Sciences, Banking, Financial Services, And Insurance, Manufacturing, Retail And Consumer Goods and It And Telecommunication) and Region.
On the basis of geography, the market of Edge Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vertical, the sub-segment i.e. Healthcare and Life Sciences will boost the Edge Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-premises will boost the Edge Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Componnet, the sub-segment i.e. Solution will boost the Edge Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Advent of IoT and Proliferation of a Massive Amount of Data through Connected Devices, Predictive and Real-time Intelligence on Network Devices Acts as a Catalyst to the Growth of Edge Analytics and Adoption of Edge Analytics Increases Scalability and Cost Optimization
Challenges:
Reluctance of Companies to Invest in New Technologies and Infrastructural Constraints
Restraints:
Safety and Security Concerns and Lack of Universally Accepted Standards
Opportunities:
Rising demand for more edge analytical solutions across industries and Growing adoption of supported technologies
Market Leaders and their expansionary development strategies
In December 2023, Microsoft Azure and NVIDIA announced a partnership to develop a joint-edge AI platform. The platform will combine Azure's cloud capabilities with NVIDIA's GPUs and AI software, aiming to simplify edge deployments for businesses.
On December 14, 2023, Hewlett Packard Enterprise (HPE) launched Edgeline Converged HX, a pre-configured edge computing platform designed for harsh environments. The platform combines computing, storage, and networking in a ruggedized package, making it suitable for industrial and remote deployments.
Key Target Audience
Edge analytics platform providers, Cloud service providers, Business analytics software providers, Application design and software developers, System integrators and It service providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.