Press release
Edge analytics market is projected to reach USD 7.96 billion by 2021 | Cisco Systems, Inc, Oracle Corporation, SAP SE, SAS Institute Inc., Apigee Corporation, Predixion Software, AGT International Inc, Foghorn Systems, CGI Group Inc., Analytic Edge
According to the research report, the edge analytics market Size is estimated to grow from USD 1.94 Billion in 2016 to USD 7.96 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 32.6% during the forecast period.
Edge analytics market Overview:
Edge Analytics solutions and its applications are gaining traction among the corporate due to the advent of Internet of Things (IoT) & proliferation of massive amount of data through connected devices, predictive and real-time intelligence on network devices which acts as a catalyst to the growth and adoption of edge analytics which increases scalability and cost optimization, are some of the driving forces of edge analytical tools and technology.
Browse details of 136 numbers of pages research report developed on Edge analytics Market @ https://www.researchcosmos.com/reports/global-edge-analytics-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/5278968
Edge analytics Market Growth Drivers and Restraints:
Edge analytics market is projected to have tremendous growth during the forecast period. The automated analytical process to collect the data or information using sensors or other devices is known as edge analytics. Depending upon the data through analytics algorithms, the users set the program in order to run in the cloud based platforms or in-premise platforms. Internet is the main aspect to analyze the data for these systems. Due to high scalability property, the edge analytics algorithms to network systems are being deployed by wide range of industrial sectors. It helps to collect the data of the systems in real-time applications, where it is attracting the industrialists to gain benefits.
The growing prevalence of the internet of things along with increasing analytical computation systems is majorly accelerating the growth of the market. The utilization of edge analytics in real-time applications is growing rapidly due to its effective optimization, which is also fueling the growth of the market.
However, the cost of the devices is relatively high which cannot be affordable by the small-scale industries is hampering the growth of the market. The rising complexities while running the algorithms is a challenging factor for the developers in this market.
The on-going efforts to develop the systems in accordance with the advanced technology and to launch innovative designs in favor to the human resources sector is surging the growth opportunities for the market. The rise in the demand for the business to business applications with the edge analytics is set to show a great chance for the market.
Edge analytics market Regional Analysis:
Regionally, the edge analytics market is segmented into North America, Asia Pacific, Europe and Middle East & Africa. North America is anticipated to lead with the highest shares of the market owing to quick adoption of the advanced technology and also rise in the business economic strategies. Asia Pacific and Europe are following North America in holding the largest shares of the market with rise in the IT and Telecommunication sectors and also increased demand from the transportation and logistics. Middle East and Africa are accounted to have significant growth over the foremost time span.
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Edge analytics market Key Players:
Some of the prominent players involved in the edge analytics market are Cisco Systems, Inc., Dell Inc., Equinix, Inc., Greenwave Systems, HP Inc., IBM Corporation, iguazio, Intel Corporation, Microsoft Corporation, and Oracle Corporation.
Electric Scooters Market Key Segmentation:
By Type
• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
• Diagnostic Analytics
By Component
• Solutions
• Services
By Deployment
• On-Premises
• On-Cloud
By Application
• Marketing
• Sales
• Operations
• Finance
• Human Resource
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/global-edge-analytics-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/5278968
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and disclose the hidden opportunities in every leading industry of the world.
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Global Sales Manager
Research Cosmos
www.researchcosmos.com
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