Global edge analytics market is projected to grow at a CAGR of 35.7% from 2019 to 2027 due to rising application of edge intelligence in smart city and home automation: says Absolute Markets Insights

The data collected from various smart city components are huge. Thus, data deluge can be a challenging thought for building a sustainable smart city as it can be a severe bottleneck to manage and would be expensive in nature. The adoption of edge analytics can solve the problem easily by reducing the data deluge and communication delays, thus assisting the edge analytics market demand to grow in future also. The time and cost can be significantly saved with edge intelligence infrastructure, which could be a key performance indicator for smart city management. Home automation, which is another application of IoT helps in improving the home safety.

A smart home is a multi-layer system requiring negligible management on a user’s part and is capable of making decision based on real-time and historical data. Hence, the home automation system should be able to & access probability of events, identify users’ action and issue definite commands to other devices within the network. The Nest Cam IQ indoor security camera, uses image and video recognition along with machine learning algorithms at the edge enabling monitor motion or to verify family members’ faces. This helps to detect security breaches and false alarms in a more effective manner which in turn aids the growth of edge analytics market.

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“Edge Computing – A Vital Component for smart Cities and a factor that will indicate the edge analytics market to grow in an exponential manner! The smart traffic lights and buildings operate through cloud. But as these connections pose interruptions, intelligence is moved towards the edge which reduces the risk significantly and speeds up the decision-making time. The edge intelligence is placed closer to the technology. Thus, moving from cloud to edge could be a solution for organizations to keep the UX in good shape for smart cities of tomorrow.”

The detailed research study provides qualitative and quantitative analysis of the global edge analytics market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue as well as sales volume across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Industry participants of edge analytics market include Accenture, ADLINK Technology Inc., Apigee Corp, AGT international, Analytic Edge, CGI Inc., CISCO, Foghorn Systems, IBM, Microsoft, Oracle amongst others.

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By Component
o Solutions
o Services
o Professional Services
o Managed Services

By Deployment Mode
o On-Premise
o On-Cloud

By Type
o Descriptive Analytics
o Predictive Analytics
o Prescriptive Analytics
o Diagnostic Analytics

By Application
o Marketing
o Sales
o Operations
o Finance
o Human Resources
o Others

By Vertical
o Healthcare and Life Sciences
o Banking, Financial Services, and Insurance
o Manufacturing
o Retail and Consumer Goods
o IT and Telecommunication
o Transportation and Logistics
o Media and Entertainment
o Energy and Utility
o Government and Defense
o Travel and Hospitality
o Others

By Geography
o North America
o U.S.
o Canada
o Mexico
o Rest of North America
o Europe
o France
o The UK
o Spain
o Germany
o Italy
o Nordic Countries
 Norway
 Sweden
 Finland
 Denmark
 Iceland
o The Benelux Union
 Luxembourg
 Belgium
 The Netherlands
o Rest of Europe
o Asia Pacific
o China
o Japan
o India
o Southeast Asia
 Singapore
 Malaysia
 Indonesia
 Thailand
 Rest of Southeast Asia
o Australia
o South Korea
o New Zealand
o Rest of Asia Pacific
o Middle East and Africa
o Saudi Arabia
o Kuwait
o Egypt
o UAE
o Southern Africa
o Rest of Middle East and Africa
o Latin America
o Brazil
o Argentina
o Rest of Latin America

About Us:

Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.
From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

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This release was published on openPR.