MARKETWIRE.NET

Decode Your Next Market Move

Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Edge Analytics market. Market segmentation includes Component (Solutions and Services); Type (Predictive Analytics, Diagnostic Analytics, Prescriptive Analytics and Descriptive Analytics) and Type (Predictive Analytics, Diagnostic Analytics, Prescriptive Analytics and Descriptive Analytics).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 4:22 a.m., Silicon Valley, California - According to the new market research report, the global market for Edge Analytics is projected to grow at a CAGR of 28.2% reach US$31.4 billion by 2027, driven by incremental growth in generation of decentralized data by connected devices. IoT is registering strong growth across healthcare, manufacturing, retail, logistics and travel industries wherein data collection essays a key role in leveraging technology to address various business needs. The global Edge Analytics market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. With the world confronted by the COVID-19 pandemic, several business operations have felt the need for technologies to remain operational and agile amidst such emergencies. The pandemic has accentuated the need for adaptability among organizations to shift from the traditional office model to the digital workplace. The outbreak has underscored the importance of agility and resilience to help industries to make their businesses more nimbler by providing analytical insights in real time. Edge analytics is anticipated to gain significantly from ongoing migration of enterprise systems and applications to the cloud. The trend is resulting in generation of large amount of data and load on the cloud, making it challenging for organizations to analyze data and extract relevant insights. Increasing number of connected devices including mobile devices, cameras or wearable devices across organizations generate significant volumes of decentralized data, which can be migrated to the cloud for performing analytics and deriving insights. The requirement is driving various enterprises to focus on edge analytics.

In the industrial IoT market, sectors making use of edge computing are likely to experience further expansion owing to edge analytics' advantages of distributed aggregation. New generation of data analytical tools have the potential to unleash even bigger value, making analytics the next frontier for innovation, competition, productivity and smart decision making. Use of edge analytics as a data-driven approach for extraction of measurable and tangible metrics from IoT facilitates deployment of machine learning and advanced analytics at data collection points using connected devices as well as through real-time intelligence. This enables companies to generate advanced data much faster. With IoT technology adoption continuing to grow in smart city projects, data generated from IoT deployments can be leveraged to create efficient, safe, smart and healthy cities hence providing several use cases for edge analytics. The need to effectively manage and analyze data streams from heterogeneous sources such as smart meters, GPS devices, video cameras and a range of other sensors and to gain actionable intelligence from the same is thus driving significance of Edge solutions to improve emergency preparedness, and provide greater situational awareness. The increasing adoption of connected devices in hospitals makes the healthcare industry an attractive domain for use of edge analytics. Edge computing for healthcare also supports collaborative edge that allows creation of virtual shared views to integrate geographically-dispersed data. In the manufacturing industry, Edge analytics is also suitable for smart production lines, where all processes are time-bound, requiring manufacturers to derive analytics at the edge. The technology allows manufacturers to identify defects in products, packaging or labels in real-time. Edge analytics, in future is expected to play a critical role in enabling connected vehicles or autonomous vehicles to operate smoothly where in on-board analytics would translate into faster and better interactions with the external environment.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 24228. Among this pool, 2181 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 482 unique participations, a total of 63 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
IBM Corporation
Microsoft Corporation
Cisco Systems, Inc.
Oracle Corporation
General Electric Company
SAP SE
Amazon Web Services, Inc.
SAS Institute, Inc.
CGI, Inc.
Equinix, Inc.
Nutanix, Inc.

Segments Covered in the Report -
Component (Solutions, Services)
Type (Predictive Analytics, Diagnostic Analytics, Prescriptive Analytics, Descriptive Analytics)
Vertical (IT & Telecom, BFSI, Transportation & Logistics, Manufacturing, Retail & Consumer Goods, Energy & Utility, Other Verticals)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
Rest of World.

View Executive Engagement Dashboards, COVID Impact Questionnaires & Get Complimentary Access to Methodology & Full-Text Secondary Sources

For enquiries e-mail us at sales@strategyR.com .

For cutting edge analyst reviews on top industries, follow us on Twitter and connect with us on LinkedIn

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com