Global Edge Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Edge Analytics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global edge analytics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global edge analytics market report has been segmented on the basis of component, type, deployment type, vertical, and region.

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Overview

Edge analytics is a type of data collection and analysis method, wherein an automated analytical computation is done on data at a sensor, peripheral nodes, network switch, etc. in a decentralized environment.

Dynamics

Proliferation of data owing to increasing adoption of connected devices, internet of things, and automation is a major factor driving growth of the global edge analytics market. In addition, rising adoption of predictive analytics and real-time analytics by various industries so as to provide better product offering and customer service & experience is another factor propelling growth of the global market. Moreover, rising number of internet users coupled with growing adoption of digital services especially in Asia Pacific region are other factors expected to propel growth of the global market to a considerable extent during the forecast period.

Concerns related to data security and high cost are key factors hampering growth of the global edge analytics market. In addition, lack of standards is another factor restraining growth of the global market to a certain extent currently. Rising adoption of natural language processing NLP, fog computing, etc. is a factor expected to boost demand for edge analytics in the global market during the forecast period.

Regional Analysis

North America market accounts for highest revenue share in the global edge analytics market and is expected to maintain its dominance during the forecast period. The North America edge analytics market is expected witness considerable growth in the global market over the next 10 years. Presence of advance IT sector, early adoption of Internet of things, and rising demand for predictive analytics from various sectors are major factors driving growth of the North America edge analytics market.

The Europe edge analytics market is expected to witness significant revenue growth and is projected to register a CAGR of X.X% over the forecast period. The Asia Pacific edge analytics market is expected to witness highest growth in terms of revenue in the global market during the forecast period. Rising adoption of connected devices, rising digitization, and rising demand for real-time analytics from various sectors in countries in the region are major factors driving growth of the Asia Pacific edge analytics market.

Global Edge Analytics Market Segmentation:

Segmentation on the basis of component:

• Solutions
• Services
• Professional Services
• Managed Services

Segmentation on the basis of type:

• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
• Diagnostic Analytics

Segmentation on the basis of deployment type:

• On-Premises
• On-Cloud

Segmentation on the basis of vertical:

• Banking, Financial Services, and Insurance (BFSI)
• Manufacturing
• IT & telecommunication
• Aerospace and Defense
• Healthcare
• Retail and consumer goods
• Others (utility and media & entertainment)

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa