Edge analytics is the extended version of analytical solution that helps reduce data traffic in the network and enhances analytics solutions such as historical, predictive, and prescriptive analytics. Through optimized data filtration from the connected devices, edge analytics first analyses data collected from the devices and forwards relevant data to the storage for further analysis on the collected data. Several industries such as public sector, manufacturing, retail, and others have adopted edge analytics solution to optimize their business operations through cost effective and real-time analytics.
Growth in number of connected devices in IoT, surge in demand for advanced and real-time analytics, and increase in need for prescriptive analytical models drive the edge analytics market. However, no common platform for standardized software deployment and slow ICT spending in under developed nations are expected to hinder the edge analytics market growth. The global edge analytics market is segmented on the basis of solution, type, deployment model, industry vertical, and geography. On the basis of solution, it is bifurcated into software and service. On the basis of type, it is classified into historical analysis, predictive analytics, and prescriptive analytics. By deployment model, it is categorized into cloud and on-premise.
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On the basis of industry vertical, it is divided into public sector, retail, healthcare, it & telecom, manufacturing, energy & utility, transportation, and others. By geography, the edge analytics market is analyzed across North America, Europe, Asia Pacific, and LAMEA.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
The major players operating in the global edge analytics market include Cisco Systems, Inc., Dell Inc., Equinix, Inc., Greenwave Systems, HP Inc., IBM Corporation, iguazio, Intel Corporation, Microsoft Corporation, and Oracle Corporation.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an extensive analysis of the current market trends, future estimations, and dynamics of the global edge analytics market.
In-depth analysis of the edge analytics industry is conducted by based on market estimations of key market segments from 2016 to 2023.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the edge analytics market framework.
Comprehensive analysis of all regions assists in determining the prevailing opportunities across geographies.
KEY MARKET SEGMENTS
By Solution
Software
Service
By Type
Historical Analysis
Predictive Analytics
Prescriptive Analytics
By Deployment Model
Cloud
On-premises
By Industry Vertical
Public Sector
Retail
Healthcare
IT & Telecom
Manufacturing
Energy & Utility
Transportation
Others
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By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Some of the Key Questions Answered in this Report:
- What is the Market dimension at the regional and country-level?
- What are the key drivers, restraints, opportunities, and challenges of the Market, and how they are anticipated to influence the market?
- What is the international (North America, Europe, Asia-Pacific, South America, Middle East and Africa) income value, manufacturing value, consumption value, import and export of Market?
- Who are the world key producers of the Market Industry? How is their working state of affairs (capacity, production, sales, price, cost, gross, and revenue)?
- What are the Market possibilities and threats confronted via the carriers in the world Market Industry?
- Which application/end-user or product kind may also be seeking for incremental boom prospects? What is the market share of every kind and application?
- What targeted method and constraints are keeping the Market?
- What are the distinct sales, marketing, and distribution channels in the world industry?
- What are the upstream uncooked substances and manufacturing gear of Market alongside with the manufacturing technique of Market?
- What are the key market tendencies impacting the increase of the Market?
- Economic have an impact on the Market enterprise and improvement vogue of the Market industry.
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