Edge Analytics Market size, Analytical Overview, Growth factors, Demand and trends forecast to 2026

The report "Edge Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026" gives complete assessment of the latest trends, challenges of market.

The objectives of this study are as follows:

• To define, describe, and forecast the "Edge Analytics" market by type, application, component, delivery model, end user, and region
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Edge analytics is defined as the analysis of data gathered from a non-central point in a system, such as a sensor, network switch, or peripheral node. Analysis in big data analytics is performed in centralized ways through big data centers, central depository, or Hadoop clusters. The principle behind edge analytics is that the analysts gather data directly from active devices eliminating the need to send the entire data to a central warehouse, thereby saving time and resources. Analytic algorithms designed at the edge of a corporate network decide which information is worth sending to the cloud or central data storage depository for later use. In a number of industries, such as mining, oil and gas, renewable energy, telecom and manufacturing, data transmission from industrial equipment, machines, and other remote devices connected to the Internet of things (IoT) burdens operational data, which can be difficult and expensive to manage. Edge analytics devices are gaining popularity across a number of industries due to the necessity to act on data in real-time, which is close to the source, in order to ensure continuous operation of devices and sensors.

The edge analytics solutions are primarily responsible for collecting, cleansing, integrating, and filtering data from sensors and devices. System scalability, cost optimization, and increase in penetration of smart connected devices are some key drivers of the edge analytics market. Development of new technologies, such as machine learning, visualization and Internet of Everything (IoE), which connect devices from retail cameras to the Internet and industrial sensors to wearable create opportunity in the edge analytics market. Users can make important decisions quickly with the help of IoE by predicting the future outcomes after analyzing present data based on previously available data. Providing analytics to the edge of the network requires new network management capabilities, processing requirements, and data flows. The main restraint for the market is lack of efficient real-time algorithms, which can process real-time data and serve real-time applications.

The global edge analytics market can be segmented based on component, type, deployment model, end-use industry, and region. Based on component, the edge analytics market can be bifurcated into solutions and services. In terms of type, the edge analytics market can be segregated into diagnostic analytics, descriptive analytics, predictive analytics, and prescriptive analytics. Based on deployment model, the edge analytics market can be divided into on-premise and on-cloud. In terms of end-use industry, the edge analytics market can be categorized into health care and life sciences, banking financial services and insurance (BFSI), media & entertainment, energy & utility, manufacturing, transportation & logistics, retail & consumer goods, IT & telecommunication, government & defense, travel & hospitality, and others. In terms of region, the edge analytics market can be divided into North America, Asia Pacific, Europe, Middle East & Africa, and South America. Proliferation of various mobile devices in the North America is expected to drive the edge analytics market in the region during the forecast period. Furthermore, growing adoption of wireless mobile communications technologies, such as 3G and 4G, is expected to fuel the edge analytics market in Asia Pacific during the forecast period.

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Key players operating in the global edge analytics market include Cisco Systems Inc., Oracle Corporation, SAP SE, Apigee Corporation, SAS Institute Inc., AGT International Inc., PrismTech Corporation, Greenwave Systems, CGI Group Inc., Dell Technologies Inc, Foghorn Systems, PrismTech Corporation, Equinix, Inc., and Intel Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:
• Market segments and sub-segments
• Market trends and dynamics
• Supply and demand
• Market size
• Current trends/opportunities/challenges
• Competitive landscape
• Technological breakthroughs
• Value chain and stakeholder analysis
The regional analysis covers:
• North America (U.S. and Canada)
• Latin America (Mexico, Brazil, Peru, Chile, and others)
• Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
• Eastern Europe (Poland and Russia)
• Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
• Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:
• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market   

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