Edge analytics Market Size Set to Reach New Heights in the Coming Years | Greenwave Systems, HP Inc., IBM Corporation, iguazio, Intel Corporation

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.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market.Global ICT exports are anticipated to increase 3.9% on average year fromUS$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by228.2%year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

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. 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.

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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

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